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NEW YORK, April 26, 2021 /PRNewswire/ --The global online clothing rental market by end-user (women, men, and children) and geography (APAC, North America, Europe, South America, and MEA) has been added to Technavio's offering. The global online clothing rental market is expected to grow by USD 990 million, at a CAGR of almost 10% during 2021-2025. The imposition of lockdowns and restrictions on social gatherings canceled or postponed many social events such as marriages. Also, the shutdown of international and domestic flights hampered the growth of the online clothing rental market in 2020. However, the market is expected to recover and register a stable growth with the increasing number of social and commercial events, growing economic stability among people, and increasing awareness about online rental of clothes. The market is expected to be driven by factors such as the growing e-commerce fashion industry, the rising participation of people in social occasions, and the growth of the fast fashion industry.Request a Free Sample ReportOnline Clothing Rental Market: OpportunitiesConsumers who cannot afford the high cost, luxury designer clothing prefer renting. Also, many tourists visiting exotic places are opting to rent their clothing to ensure they travel light. In addition, the increasing penetration of smartphones and the availability of high-speed internet are expected to create significant opportunities for market vendors during the forecast period.Online Clothing Rental Market: Segmentation by End-userBased on the segmentation by end-user, the market generated maximum revenue in the women segment in 2020. The segment is driven by the growing demand for renting occasion wear by women. In addition, several vendors in the market are offering clothing items on rent for women belonging to all age groups. These factors will be crucial in driving the growth of the segment during the forecast period.Online Clothing Rental Market: Segmentation by GeographyAPAC held the largest market share in 2020 and the market growth in the region. However, the growth momentum in the region is expected to be slower compared to the growth of the market in North America. The growth of the market in APAC can be attributed to the increasing awareness of sustainability and improvement in laundry services. Also, the increasing demand for affordable fashion and a wide assortment of fashion goods is expected to foster the growth of the online clothing rental market in APAC during the forecast period.Develop strategies to make the most of future growth opportunitiesGrab an Exclusive Report Now!Online Clothing Rental Market: Major VendorsGlam Corner Pty Ltd.The company offers online and offline clothing rental services, including one-time rental and subscription services to women.La Reina GownThe company offers online rent clothing such as hijabs and toppers. The company offers online rent clothing such as hijabs, dress, top, bottom for kids and women.Mine for Nine LLCThe company offers rent and purchase clothing services for products such as dress, top, bottom, and others for Maternity women clothes.Rent the Runway Inc.The company offers clothing rental services with two membership plans namely RTR unlimited and RTR Update for women.Lending LuxuryThe company offers rent clothing such as dresses, shoes, bags, and accessories.Request for a complete report to know the strategy adopted by Vendors during the COVID-19 recovery phaseRelated Reports on Online Clothing Rental Market:Global Luxury Handbags Market Global luxury handbags market is segmented by distribution channel (offline and online) and geography (APAC, Europe, MEA, North America, and South America).Download an Exclusive Free Sample ReportGlobal Online Jewelry Market Global online jewelry market is segmented by product (fine jewelry and fashion jewelry) and geography (North America, Europe, APAC, MEA, and South America).Download an Exclusive Free Sample ReportGlobal Premium Denim Jeans Market Global premium denim jeans market is segmented by end-user (women, men, and children), distribution channel (offline and online), and geography (APAC, Europe, MEA, North America, and South America).Download an Exclusive Free Sample ReportGlobal Tote Bags Market Global tote bags market is segmented by distribution channel (offline and online) and geography (Europe, APAC, North America, MEA, and South America).Download an Exclusive Free Sample ReportGlobal Personal Luxury Goods Market Global personal luxury goods market is segmented by product (accessories, apparel, hard luxury, cosmetics, and others) and geography (APAC, North America, Europe, MEA, and South America).Download an Exclusive Free Sample ReportExecutive SummaryMarket Landscape Market ecosystem Value chain analysis Market Sizing Market definition Market segment analysis Market size 2020 Market outlook: Forecast for 2020 - 2025 Five Forces Analysis Five forces summary Bargaining power of buyers Bargaining power of suppliers Threat of new entrants Threat of substitutes Threat of rivalry Market condition Market Segmentation by End-user Market segments Comparison by End-user Women - Market size and forecast 2020-2025 Men - Market size and forecast 2020-2025 Children - Market size and forecast 2020-2025 Impact of COVID-19 on end-user segments of market and recovery from pandemic Market opportunity by End-user Customer LandscapeGeographic Landscape Geographic segmentation Geographic comparison APAC - Market size and forecast 2020-2025 North America - Market size and forecast 2020-2025 Europe - Market size and forecast 2020-2025 South America - Market size and forecast 2020-2025 MEA - Market size and forecast 2020-2025 Key leading countries Market opportunity by geography Market drivers Market challenges Market trends Vendor Landscape Overview Vendor landscape Landscape disruption Vendor Analysis Vendors covered Market positioning of vendors Armoire Style Inc. Glam Corner Pty Ltd. Gwynnie Bee La Reina Gown Le Tote Inc. Lending Luxury Mine for Nine LLC Rent the Runway Inc. Rotaro Style Lend Inc. Appendix Scope of the report Currency conversion rates for US$ Research methodology List of abbreviations About UsTechnavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.ContactTechnavio ResearchJesse MaidaMedia & Marketing ExecutiveUS: +1 844 364 1100UK: +44 203 893 3200Email: [emailprotected]Website: www.technavio.comReport: www.technavio.com/report/online-clothing-rental-market-size-industry-analysisSOURCE Technavio Related Links http://www.technavio.com

Answer: $ 990 Million Growth Expected in Online Clothing Rental Market | COVID-19 Impact Analysis in Q1 2021 | APAC to Notice Maximum Growth | Technavio