Global Clothing Rental Subscription Services Market Overview:
Clothing (also recognised as clothing, apparel, and attire) refers to the objects that are worn on the body. Clothing is particularly developed of fibers or textiles, even though it has additionally protected animal pores and skin and different skinny sheets of substances sewn collectively over time. Clothing is a factor of all human societies and is principally constrained to human beings. Gender, physique type, social, and geographic elements all have an impact on the quantity and fashion of garb worn. Clothing condominium is exactly what it says in the article. It is the exercise of renting apparel as a substitute than buying it. The size of time you can lease an object is decided by means of the service. However, it commonly takes between a week and a month. Furthermore, the on-line garb condominium commercial enterprise presents offerings that enable clients to lease clothing for a set size of time.
Attributes | Details |
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Study Period | 2017-2027 |
Base Year | 2021 |
Forecast Period | 2022-2027 |
Historical Period | 2017-2021 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Growth Drivers
- Increase in Ease of Use of Online Retail
- Demand for Online Clothes Rental Is Being Fueled By a Growing Desire to Obtain Designer Outfits
- Truly Shifting Fashion Proclamations
Roadblocks
- Low Consumer Awareness
- Inadequate Regulations
- Lack of Sizing
Opportunities
- Rapid Growth
- Increase in Urbanization
Challenges
- Social Embarrassment
- Huge Expenses for Maintenance and Hiring Experienced Personnel
Competitive Landscape:
The on line apparel leases market is fairly fragmented, with the aggressive panorama fragmented with a mixture of set up shops and start-ups. While the mounted shops are searching for a higher way of managing their stock via rentals, the start-ups are searching for commercial enterprise enlargement by way of supplying multi-brand product mixes.
Some of the key players profiled in the report are Rent the Runway (United States), Le Tote (United States), Girls Meet Dress (United Kingdom), FashionPass (United States), Vivrelle (United States), Vince Unfold (United States), Armoire (United States), Tulerie (United States), Nova Octo (United States) and Nuuly (United States). Additionally, following companies can also be profiled that are part of our coverage like Dress Hire (United Kingdom), Swapdom (United States), Style Lend (United States) and Rentez-Vous (United Kingdom). Analyst at AMA Research see United States Vendors to retain maximum share of Global Clothing Rental Subscription Services market by 2027. Considering Market by Price Range, the sub-segment i.e. Low will boost the Clothing Rental Subscription Services market. Considering Market by End-User, the sub-segment i.e. Men will boost the Clothing Rental Subscription Services market. Considering Market by Sales Channel, the sub-segment i.e. B2B will boost the Clothing Rental Subscription Services market. Considering Market by Dress Code, the sub-segment i.e. Casual will boost the Clothing Rental Subscription Services market.
Latest Market Insights:
In December 2021, Burberry partnered with My Wardrobe HQ and increased its round trend drive, with plans to launch condo and resale. Rentals encompass trench coats, handbags, and scarves.
In October 2021, Retail trend large H&M launched blockchain-based garments apartment carrier with scannable loT labels on the clothing. Customers can pick out clothes for instantaneous appoint via scanning loT related stickers with their smartphone. Blockchain, a decentralized ledger used for data-sensitive loT networks, is used to securely song condominium facts on every garment.
What Can be Explored with the Clothing Rental Subscription Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Clothing Rental Subscription Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Clothing Rental Subscription Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Clothing Rental Subscription Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Clothing Rental Subscription Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Clothing Rental Subscription Services Provider.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.