Global Online Clothing Rental Market to Reach .35 Billion by 2027

Online Clothing Rental Global Market Report 2023 – Market Size, Trends, And Global Forecast 2023-2032

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032”

— The Business Research Company

LONDON, GREATER LONDON, UK, November 9, 2023 / — The global online clothing rental market is poised for a significant upsurge, anticipated to expand from $1.42 billion in 2022 to $2.35 billion in 2027, demonstrating a steady CAGR of 10.6%. Despite temporary disruptions caused by the Russia-Ukraine conflict, the industry remains resilient, fueled by the increasing accessibility of mobile and internet services worldwide.

Driver: Increasing Mobile and Internet Penetration
The surge in mobile and internet penetration plays a vital role in propelling the online clothing rental market. Factors such as economic development, robust IT infrastructure, supportive government policies, and urbanization collectively contribute to the rapid adoption of mobile and internet services. As of October 2021, nearly 62% of the global population, approximately 4.88 billion people, are active internet users, while smartphone users comprise 80.76% of the global population, driving the market’s growth.

Explore comprehensive insights into the global online clothing rental market with a detailed sample report:

Technological Advancements Reshaping the Industry
The online clothing rental market experiences transformational growth owing to continuous technological advancements. Integration of advanced technologies enables seamless operations and business processes for online clothing businesses. Notably, recent innovations, such as H&M’s blockchain-based clothes rental service featuring scannable IoT labels on garments, exemplify the industry’s progressive approach toward sustainable consumption patterns and enhanced customer experience.

Key Players and Market Segments
Key players such as Style Lend Company, Rotaro, Rent the Runway, and others play a pivotal role in shaping the online clothing rental market. The market segments encompass various categories, including:

• Clothing Styles: Western Wear, Ethnic Wear, Other Clothing Styles
• Dress Code: Formal, Casual, Traditional
• Price Range: Low, Mid, Premium
• End User: Women, Men, Kids

North America Takes the Lead, Asia-Pacific Gears Up for Growth

The future of the online clothing rental market looks promising, driven by technological advancements and a growing emphasis on sustainable consumption patterns.

Access the complete report for in-depth analysis of the global online clothing rental market:

Online Clothing Rental Global Market Report 2023 from TBRC covers the following information:
• Market size date for the forecast period: Historical and Future
• Market analysis by region: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
• Market analysis by countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Trends, opportunities, strategies and so much more.
The Online Clothing Rental Global Market Report 2023 by The Business Research Company is the most comprehensive report that provides insights on online clothing rental market size, online clothing rental market drivers and trends, online clothing rental market major players, competitors’ revenues, market positioning, and market growth across geographies. The online clothing rental market report helps you gain in-depth insights on opportunities and strategies. Companies can leverage the data in the report and tap into segments with the highest growth potential.

Browse Through More Similar Reports By The Business Research Company:

Consumer Goods And General Rental Centers Global Market Report 2023

Consumer Electronics And Appliances Rental Global Market Report 2023

Car Rental Global Market Report 2023

About The Business Research Company
The Business Research Company has published over 3000+ detailed industry reports, spanning over 3000+ market segments and 60 geographies. The reports draw on 1,500,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders.

Global Market Model – Market Intelligence Database
The Global Market Model, The Business Research Company’s flagship product, is a market intelligence platform covering various macroeconomic indicators and metrics across 60 geographies and 27 industries. The Global Market Model covers multi-layered datasets that help its users assess supply-demand gaps.

Contact Information
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 8897263534
Americas: +1 315 623 0293
Email: [email protected]

Check out our:
Healthcare Blog:
Global Market Model:

Oliver Guirdham
The Business Research Company
+44 20 7193 0708
[email protected]
Visit us on social media:

Market Research Products, Services, Solutions For Your Business – TBRC

Originally published at

Previous articleNational OnDemand set to deliver free livestream of Burlington, N.C. Christmas Parade
Next articleDavid Weremay Announces an Upcoming Webinar Series Titled “Mastering the Art of Social Media Marketing”