NJ New Jersey, USA -- (SBWIRE) -- 04/11/2023 -- Global Online Clothing Rental Market Report from AMA Research highlights deep analysis on market characteristics, sizing, estimates and growth by segmentation, regional breakdowns & country along with competitive landscape, player's market shares, and strategies that are key in the market. The exploration provides a 360° view and insights, highlighting major outcomes of the industry. These insights help the business decision-makers to formulate better business plans and make informed decisions to improved profitability. In addition, the study helps venture or private players in understanding the companies in more detail to make better informed decisions.
Major Players in This Report Include,
Rent the Runway (United States), Share Wardrobe (India), Elanic Services Private Limited (India), Secoo Holding Limited (China), Stylish Play (India), FlyRobe (India), Walkin Closet (India), Secret Wardrobe (India), Swishlist Couture LLP (India), The Mr. & Ms. Collection Team (United States), Le Tote (United States), Style Lend (United States)
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Online Clothing Rental refers to services through which individuals can rent items of clothing for a predefined period. These services are for the benefit of the individuals participating in any occasions such as wedding parties, theme parties, corporate parties, and photo shoots and filmmaking. Consumers prefer online purchase of clothes due to the availability of a large variety at a discounted price. This trend by the customers is driving the Global Clothing Rental. Online Clothing Rentals also include consumers who are undergoing temporary physique change such as pregnant women’s. Online Clothing Rental is a cost-effective solution to consumers. Rental dresses can be used several times by various customers. Fashion-conscious individuals that lack the financial resources to purchase the clothing of their choice are expected to make the most use of online clothing rental services.
Market Drivers
- Increased Internet Penetration Rate
- Easy of Usage of Online Purchase
- The Shift in Consumer Preference from Offline Retail to E-commerce
Market Trend
- Rapid Technological Advancement Such as Mobile Internet Technology
- Growth in Gross Domestic Product (GDP) in Developing Countries
Opportunities
- Companies Offering Innovative Features on Discounted price
- The Growth of the Corporate Sector in Developing Economies
Challenges
- Lack of Customizability
- Rental Clothing cant be adjusted to Precisely fit the Customer’s Needs
October 2018, Rent the Runway's designer labels and streamlined logistics have given women the option to borrow clothes rather than buy.
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In this research study, the prime factors that are impelling the growth of the Global Online Clothing Rental market report have been studied thoroughly in a bid to estimate the overall value and the size of this market by the end of the forecast period. The impact of the driving forces, limitations, challenges, and opportunities has been examined extensively. The key trends that manage the interest of the customers have also been interpreted accurately for the benefit of the readers.
The Online Clothing Rental market study is being classified by Type (Western Wear, Ethnic Wear, Others), Application (Business to consumer(B2C), Consumer to Consumer(C2C)), End users (Men, Women, Kids), Clothing Style (Parties and Wedding Wear, Formal Wear, Others)
The report concludes with in-depth details on the business operations and financial structure of leading vendors in the Global Online Clothing Rental market report, Overview of Key trends in the past and present are in reports that are reported to be beneficial for companies looking for venture businesses in this market. Information about the various marketing channels and well-known distributors in this market was also provided here. This study serves as a rich guide for established players and new players in this market.
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Extracts from Table of Contents
Online Clothing Rental Market Research Report
Chapter 1 Online Clothing Rental Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Revenue (Value, Volume*) by Region
Chapter 5 Global Supplies (Production), Consumption, Export, Import by Regions
Chapter 6 Global Revenue (Value, Volume*), Price* Trend by Type
Chapter 7 Global Market Analysis by Application
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This report also analyzes the regulatory framework of the Global Markets Online Clothing Rental Market Report to inform stakeholders about the various norms, regulations, this can have an impact. It also collects in-depth information from the detailed primary and secondary research techniques analyzed using the most efficient analysis tools. Based on the statistics gained from this systematic study, market research provides estimates for market participants and readers.