Online Clothing Rental Market – Industry Trends and forecast period of 2021 to 2028.
The online clothing rental market is expected to witness market growth at a rate of 10.60% in the forecast period of 2022 to 2029. Data Bridge Market Research report on online clothing rental market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. Rapid urbanization is escalating the growth of online clothing rental market.
Segment Analysis:
Global Online Clothing Rental Market, By Product Type (Knitwear, Trousers and Jeans, Jumpsuits, Suits and Blazers, Coats and Jackets, Skirt and Shorts, Ethnic Wear), Business Model (Standalone Model, Subscription Model), Consumer Orientation (Men, Women, Kids), End-User (Business-to-Business (B2B), Business-to-Consumer (B2C), Consumer-to-Consumer (C2C)), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2029.
Global Online Clothing Rental Market Scope
Online Clothing Rental Market is segmented on the basis of component, function, deployment model, organization size and vertical. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Online Clothing Rental Market on the basis of component has been segmented as solution, and services. Services have been further segmented into professional services, and managed services. Professional services have been further sub segmented into consulting services, integration services, training and education, support and maintenance.
- Based on function, the Online Clothing Rental Market has been segmented into case management, KYC/customer onboarding, dashboard and reporting, and watch list screening.
- On the basis of deployment model, the Online Clothing Rental Market has been segmented into cloud, and on-premises.
- On the basis of organization size, the Online Clothing Rental Market has been segmented into small and medium-sized enterprises, and large enterprises.
- Fraud detection transaction monitoring has also been segmented on the basis of vertical into banking, financial services, and insurance (BFSI), manufacturing, retail, telecommunications and IT, government and defence, healthcare, energy and utilities, and others.
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The retail segment will dominate the end-use segment of the Online Clothing Rental Market
The retail segment will emerge as the dominating segment under end-use with approximately 61.00% market share. This is because of the growing number of infrastructural development activities in the market especially in the developing economies. Further, growth and expansion of the semiconductors and electronics industry all around the globe will further bolster the growth of this segment.
Regional Analysis
The countries covered in the global online clothing rental market is segmented into report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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COVID-19 Impact on Online Clothing Rental Market
The COVID-19 had a negative impact on the system integrator market for retail and consumer goods. The COVID-19 epidemic has caused a number of initiatives to be postponed, including infrastructure construction, reorganization, and renovation. Increased government attention on overcompensating for impacts by enhancing operations when opportunities occur would accelerate industry growth. Government actions to reopen major industries, manufacturing facilities, and infrastructure projects, on the other hand, will support corporate growth.
Major Players
Some of the major players operating in the online clothing rental market reports are Rent the Runway, Omapal Technologies Private Limited, GlamCorner, UNION STATION KANSAS CITY, Etiquette Formal Hire Ltd., Gwynnie Bee Inc., Le Tote, Inc., Flyrobe, Chic by Choice, La Reina, STYLE LEND, Gwynnie Bee Inc., American Eagle Outfitters, Poshmark, Envoged, Secoo Holding, and Share Wardrobe among others.
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North America Encoder Market
- Chapter One: Introduction
- Chapter Two: Market Segmentation
- Chapter Three: Market Overview
- Chapter Four: Executive Summary
- Chapter Five: Premium Insights
- Chapter Six: Online Clothing Rental Market
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