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Get detailed analysis of the COVID-19 impact on the Online Clothing Rental Market

Global Online Clothing Rental Market Opportunities and Forecast 2020-2027

  • DLR2389
  • 29 June, 2021
  • Consumer Goods
  • Pages: 120
  • Global
Global Online Clothing Rental Market, By Dress Code (Formal, Casual, Traditional), By End-User(Men, Women, Others) and opportunities and forecast 2020-2027

Covid-19 Impact on Online Clothing Rental Market:

Consumers across the globe are adjusting to the new normal and there is a noteworthy discrepancy in consumer behavior. Consumer's purchasing habits, behavior, and attitudes have changed in light of COVID-19. People are shopping very consciously and are majorly centered on basic needs and are buying locally. Consumers are using digital commerce to play, learn, and connect to manage isolation and follow social distancing policy. The covid-19 has consistently impacted the shopping behavior of 9 in 10 consumers. Nearly 30-50 percent of the consumers have shifted towards online shopping from March 2020 to December 2020.

Online Clothing Rental Market Overview

The global online clothing rental market is primarily driven due to increasing online retail worldwide. Technological developments, internet penetration, and the increasing popularity of online shopping portals over the last few years effectively improve the online clothing rental market. Additionally, the increasing popularity of the film industry, television industry, and fashion vlogs is expected to boost the market’s growth. These industries require clothes for a short time; thus, they prefer renting instead of buying clothes. It ultimately raises the demand for online clothing rental in the forthcoming years. The advancement in mobile Internet technology making online shopping more convenient. This key fact contributes significantly to the market’s growth.  Also, the rapidly growing middle class and corporate sector in developing economies are fruitful for the online clothing rental market.

However, factors such as improper regulations, low consumer awareness, and less social acceptance are anticipated to hamper the growth of the market. Similarly, the difference in sizes of clothes make difficulties and it is not possible to alter rented clothes as per the size of individuals. Therefore, to overcome this problem, companies are coming up with innovative approaches such as live chats with fashion experts. Again, some companies also offer the same product in two sizes thus consumers can pick the most fitting product. Such innovative solutions provide profitable opportunities for market players.

Online Clothing Rental Market Segment Overview

Based on end-use, the women segment has remarkable growth in the market. This is because women are more passionate about buying clothing or taking clothing on rent to following trends of fashion. According to the dress code, the traditional segment is the fastest-growing segment in the market. This is because traditional clothes are worn during festivals and on special occasions thus, are used very little. Hence, consumers prefer renting them instead of purchasing them.

Additionally, fashion-conscious people who lack the finances to purchase clothes of their choice are expected to make use of the available resources to fulfill their desire. In addition, renting a product is always cost-efficient. Fashion trends are changing frequently so consumers prefer renting clothes to stay trendy. This fact will influence positively to the online clothing rental market in the next few years.

Online Clothing Rental Market Regional Overview

North America accounts for a major share in the online clothing rental market followed by Europe. This is due to the high purchasing power and fashion consciousness of consumers in these regions. Also, the easy availability of broadband Internet in these regions has been a major factor in the growth of the market. Likewise, Asia Pacific is expected to emerge as a significant region in the online clothing rental market. Factors such as the rising purchasing power of consumers due to the growing economy in the developing countries of APAC and increasing internet penetration are enhancing the growth of the market in the region.

Online Clothing Rental Market, Key Players

·       Rent the Runway
·       Share Wardrobe
·       Elanic Services Private Limited
·       Secoo Holding Limited
·       Stylish Play
·       FlyRobe
·       Walkin Closet
·       Secret Wardrobe

Online Clothing Rental Market Segmentation

Online Clothing Rental Market, By Dress Code

·       Formal
·       Casual
·       Traditional

Online Clothing Rental Market, By End-User

·       Men
·       Women
·       Others

Online Clothing Rental Market, By Region:
  • North America
    • US
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • GCC
    • South Africa
    • Rest of Middle East and Africa


1. Introduction

  • 1.1. Research Scope
  • 1.2. Market Segmentation
  • 1.3. Research Methodology
  • 1.4. Definitions and Assumptions

2. Executive Summary

    3. Market Dynamics

    • 3.1. Market Drivers
    • 3.2. Market Restraints
    • 3.3. Market Opportunities

    4. Key Insights

    • 4.1. Key Emerging Trends – For Major Countries
    • 4.2. Latest Technological Advancement
    • 4.3. Regulatory Landscape
    • 4.4. Industry SWOT Analysis
    • 4.5. Porters Five Forces Analysis

    5. Global Online Clothing Rental Market Analysis (USD Billion), Insights and Forecast, 2020-2027

    • 5.1. Key Findings / Summary
    • 5.2. Market Analysis, Insights and Forecast – By Dress Code
      • 5.2.1. Formal
      • 5.2.2. Casual
      • 5.2.3. Traditional
    • 5.3. Market Analysis, Insights and Forecast – By End-User
      • 5.3.1. Men
      • 5.3.2. Women
      • 5.3.3. Others
    • 5.4. Market Analysis, Insights and Forecast – By Region
      • 5.4.1. North America
      • 5.4.2. Latin America
      • 5.4.3. Europe
      • 5.4.4. Asia Pacific
      • 5.4.5. Middle East and Africa

    6. North America Online Clothing Rental Market Analysis (USD Billion), Insights and Forecast, 2020-2027

    • 6.1. Key Findings / Summary
    • 6.2. Market Analysis, Insights and Forecast – By Dress Code
      • 6.2.1. Formal
      • 6.2.2. Casual
      • 6.2.3. Traditional
    • 6.3. Market Analysis, Insights and Forecast – By End-User
      • 6.3.1. Men
      • 6.3.2. Women
      • 6.3.3. Others
    • 6.4. Market Analysis, Insights and Forecast – By Country
      • 6.4.1. U.S.
      • 6.4.2. Canada

    7. Latin America Online Clothing Rental Market Analysis (USD Billion), Insights and Forecast, 2020-2027

    • 7.1. Key Findings / Summary
    • 7.2. Market Analysis, Insights and Forecast – By Dress Code
      • 7.2.1. Formal
      • 7.2.2. Casual
      • 7.2.3. Traditional
    • 7.3. Market Analysis, Insights and Forecast – By End-User
      • 7.3.1. Men
      • 7.3.2. Women
      • 7.3.3. Others
    • 7.4. Market Analysis, Insights and Forecast – By Country
      • 7.4.1. Brazil
      • 7.4.2. Mexico
      • 7.4.3. Rest of Latin America

    8. Europe Online Clothing Rental Market Analysis (USD Billion), Insights and Forecast, 2020-2027

    • 8.1. Key Findings / Summary
    • 8.2. Market Analysis, Insights and Forecast – By Dress Code
      • 8.2.1. Formal
      • 8.2.2. Casual
      • 8.2.3. Traditional
    • 8.3. Market Analysis, Insights and Forecast – By End-User
      • 8.3.1. Men
      • 8.3.2. Women
      • 8.3.3. Others
    • 8.4. Market Analysis, Insights and Forecast – By Country
      • 8.4.1. UK
      • 8.4.2. Germany
      • 8.4.3. France
      • 8.4.4. Italy
      • 8.4.5. Spain
      • 8.4.6. Russia
      • 8.4.7. Rest of Europe

    9. Asia Pacific Online Clothing Rental Market Analysis (USD Billion), Insights and Forecast, 2020-2027

    • 9.1. Key Findings / Summary
    • 9.2. Market Analysis, Insights and Forecast – By Dress Code
      • 9.2.1. Formal
      • 9.2.2. Casual
      • 9.2.3. Traditional
    • 9.3. Market Analysis, Insights and Forecast – By End-User
      • 9.3.1. Men
      • 9.3.2. Women
      • 9.3.3. Others
    • 9.4. Market Analysis, Insights and Forecast – By Country
      • 9.4.1. China
      • 9.4.2. India
      • 9.4.3. Japan
      • 9.4.4. Australia
      • 9.4.5. South East Asia
      • 9.4.6. Rest of Asia Pacific

    10. Middle East & Africa Online Clothing Rental Market Analysis (USD Billion), Insights and Forecast, 2020-2027

    • 10.1. Key Findings / Summary
    • 10.2. Market Analysis, Insights and Forecast – By Dress Code
      • 10.2.1. Formal
      • 10.2.2. Casual
      • 10.2.3. Traditional
    • 10.3. Market Analysis, Insights and Forecast – By End-User
      • 10.3.1. Men
      • 10.3.2. Women
      • 10.3.3. Others
    • 10.4. Market Analysis, Insights and Forecast – By Country
      • 10.4.1. GCC
      • 10.4.2. South Africa
      • 10.4.3. Rest of Middle East & Africa

    11. Competitive Analysis

    • 11.1. Company Market Share Analysis, 2018
    • 11.2. Key Industry Developments
    • 11.3. Company Profile
    • 11.4. Rent the Runway
      • 11.4.1. Business Overview
      • 11.4.2. Segment 1 & Service Offering
      • 11.4.3. Overall Revenue
      • 11.4.4. Geographic Presence
      • 11.4.5. Recent Development
    *Similar details will be provided for the following companies
    • 11.5. Share Wardrobe
    • 11.6. Elanic Services Private Limited
    • 11.7. Secoo Holding Limited
    • 11.8. Stylish Play
    • 11.9. FlyRobe
    • 11.10. Walkin Closet
    List of Figures

    Figure 1: Global Online Clothing Rental Market Revenue Breakdown (USD Billion, %) by Region, 2019 & 2027
    Figure 2: Global Online Clothing Rental Market Value Share (%), By Segment 1, 2019 & 2027
    Figure 3: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 4: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 5: Global Online Clothing Rental Market Value Share (%), By Segment 2, 2019 & 2027
    Figure 6: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 7: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 8: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 9: Global Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 10: Global Online Clothing Rental Market Value Share (%), By Segment 3, 2019 & 2027
    Figure 11: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 12: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 13: Global Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 14: Global Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 15: Global Online Clothing Rental Market Value (USD Billion), by Region, 2019 & 2027
    Figure 16: North America Online Clothing Rental Market Value Share (%), By Segment 1, 2019 & 2027
    Figure 17: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 18: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 19: North America Online Clothing Rental Market Value Share (%), By Segment 2, 2019 & 2027
    Figure 20: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 21: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 22: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 23: North America Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 24: North America Online Clothing Rental Market Value Share (%), By Segment 3, 2019 & 2027
    Figure 25: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 26: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 27: North America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 28: North America Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 29: North America Online Clothing Rental Market Forecast (USD Billion), by U.S., 2016-2027
    Figure 30: North America Online Clothing Rental Market Forecast (USD Billion), by Canada, 2016-2027
    Figure 31: Latin America Online Clothing Rental Market Value Share (%), By Segment 1, 2019 & 2027
    Figure 32: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 33: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 34: Latin America Online Clothing Rental Market Value Share (%), By Segment 2, 2019 & 2027
    Figure 35: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 36: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 37: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 38: Latin America Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 39: Latin America Online Clothing Rental Market Value Share (%), By Segment 3, 2019 & 2027
    Figure 40: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 41: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 42: Latin America Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 43: Latin America Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 44: Latin America Online Clothing Rental Market Forecast (USD Billion), by Brazil, 2016-2027
    Figure 45: Latin America Online Clothing Rental Market Forecast (USD Billion), by Mexico, 2016-2027
    Figure 46: Latin America Online Clothing Rental Market Forecast (USD Billion), by Rest of Latin America, 2016-2027
    Figure 47: Europe Online Clothing Rental Market Value Share (%), By Segment 1, 2019 & 2027
    Figure 48: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 49: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 50: Europe Online Clothing Rental Market Value Share (%), By Segment 2, 2019 & 2027
    Figure 51: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 52: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 53: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 54: Europe Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 55: Europe Online Clothing Rental Market Value Share (%), By Segment 3, 2019 & 2027
    Figure 56: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 57: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 58: Europe Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 59: Europe Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 60: Europe Online Clothing Rental Market Forecast (USD Billion), by U.K., 2016-2027
    Figure 61: Europe Online Clothing Rental Market Forecast (USD Billion), by Germany, 2016-2027
    Figure 62: Europe Online Clothing Rental Market Forecast (USD Billion), by France, 2016-2027
    Figure 63: Europe Online Clothing Rental Market Forecast (USD Billion), by Italy, 2016-2027
    Figure 64: Europe Online Clothing Rental Market Forecast (USD Billion), by Spain, 2016-2027
    Figure 65: Europe Online Clothing Rental Market Forecast (USD Billion), by Russia, 2016-2027
    Figure 66: Europe Online Clothing Rental Market Forecast (USD Billion), by Rest of Europe, 2016-2027
    Figure 67: Asia Pacific Online Clothing Rental Market Value Share (%), By Segment 1, 2019 & 2027
    Figure 68: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 69: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 70: Asia Pacific Online Clothing Rental Market Value Share (%), By Segment 2, 2019 & 2027
    Figure 71: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 72: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 73: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 74: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 75: Asia Pacific Online Clothing Rental Market Value Share (%), By Segment 3, 2019 & 2027
    Figure 76: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 77: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 78: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 79: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 80: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by China, 2016-2027
    Figure 81: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by India, 2016-2027
    Figure 82: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Japan, 2016-2027
    Figure 83: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Australia, 2016-2027
    Figure 84: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Southeast Asia, 2016-2027
    Figure 85: Asia Pacific Online Clothing Rental Market Forecast (USD Billion), by Rest of Asia Pacific, 2016-2027
    Figure 86: Middle East & Africa Online Clothing Rental Market Value Share (%), By Segment 1, 2019 & 2027
    Figure 87: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 88: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 89: Middle East & Africa Online Clothing Rental Market Value Share (%), By Segment 2, 2019 & 2027
    Figure 90: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 91: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 92: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 93: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 94: Middle East & Africa Online Clothing Rental Market Value Share (%), By Segment 3, 2019 & 2027
    Figure 95: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 1, 2016-2027
    Figure 96: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 2, 2016-2027
    Figure 97: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Sub-Segment 3, 2016-2027
    Figure 98: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Others, 2016-2027
    Figure 99: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by GCC, 2016-2027
    Figure 100: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by South Africa, 2016-2027
    Figure 101: Middle East & Africa Online Clothing Rental Market Forecast (USD Billion), by Rest of Middle East & Africa, 2016-2027 
    List of Tables
    Table 1: Global Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
    Table 2: Global Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
    Table 3: Global Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
    Table 4: Global Online Clothing Rental Market Revenue (USD Billion) Forecast, by Region, 2016-2027
    Table 5: North America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
    Table 6: North America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
    Table 7: North America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
    Table 8: North America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Country, 2016-2027
    Table 9: Europe Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
    Table 10: Europe Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
    Table 11: Europe Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
    Table 12: Europe Online Clothing Rental Market Revenue (USD Billion) Forecast, by Country, 2016-2027
    Table 13: Latin America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
    Table 14: Latin America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
    Table 15: Latin America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
    Table 16: Latin America Online Clothing Rental Market Revenue (USD Billion) Forecast, by Country, 2016-2027
    Table 17: Asia Pacific Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
    Table 18: Asia Pacific Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
    Table 19: Asia Pacific Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
    Table 20: Asia Pacific Online Clothing Rental Market Revenue (USD Billion) Forecast, by Country, 2016-2027
    Table 21: Middle East & Africa Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 1, 2016-2027
    Table 22: Middle East & Africa Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 2, 2016-2027
    Table 23: Middle East & Africa Online Clothing Rental Market Revenue (USD Billion) Forecast, by Segment 3, 2016-2027
    Table 24: Middle East & Africa Online Clothing Rental Market Revenue (USD Billion) Forecast, by Country, 2016-2027

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