Online Clothing Rental Market Size, Trends and Insights By Clothing Style (Ethnic, Western, Others), By Business Model (Subscription based, Standalone, Peer to Peer), By End User (Women, Men, Kids), and By Region - Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Rent the Runway
- Le Tote
- Gwynnie Bee
- FashionPass
- MyWardrobeHQ
- Armoire Style
- Others
Reports Description
Global Online Clothing Rental Market was valued at USD 1.9 Billion in 2024 and is expected to reach USD 3.6 Billion by 2033, at a CAGR of 7.7% during the forecast period 2024 – 2033.
Online clothing rental is a service offered by numerous e-commerce platforms that allows buyers to rent clothes as well as accessories for a limited time instead of buying them altogether. Customers often browse a variety of apparel items, choose the ones they want, choose the rental length, and pay a rental price. After utilizing the things, they return them to the rental company. This type allows clients to wear trendy apparel on important occasions.
Online Clothing Rental Market: Growth Factors
Rising acceptance of online shopping portals
The growing prominence of e-commerce portals has a substantial impact on the expansion of the online clothes rental business. As more customers appreciate the simplicity and accessibility of e-commerce sites for purchasing garments, they grow increasingly open to the concept of renting goods online.
Online shopping portals let customers discover new brands, styles, and trends, raising their knowledge and interest in clothes rental as a sustainable and cost-effective option to traditional purchasing. Furthermore, the seamless user experience provided by these websites, which includes simple browsing, purchasing, and return processes, encourages customers to investigate rental choices with confidence.
For instance, Walmart, eBay, and Alibaba are the most popular e-commerce websites. Walmart.com was the most popular e-commerce website in December 2022, receiving around 854.9 million monthly visitors. eBay.com came in second, with 669.5 million visitors.
AliExpress.com finished third with about 651.9 million visitors in sales. Other popular e-commerce sites comprise Etsy.com, Samsung.com, PlayStation.com, and BestBuy.com. In 2021, over 50% of 18- to 24-year-old social media users in the United States made at least one online purchase using social media. While millennials are the most active social media shoppers, those aged 25 to 34 come in second.
Growing demand for costly designer dresses
The rising demand for expensive designer gowns is a major factor driving the growth of the online clothes rental sector. This trend is especially popular for special occasions like parties, weddings, and formal gatherings when people want to make an impact statement with their clothing but don’t want to spend a lot of money on something they’ll wear once.
Online garment rental systems offer a large selection of designer gowns, allowing clients to explore and pick from a variety of designs, sizes, and brands. Individuals may obtain premium clothes at a fraction of the cost by renting rather than purchasing, which helps to drive the expansion of the online rental sector.
This moves towards renting accords with environmental goals, as it promotes reuse. For instance, luxury clothing’s exponential pricing is often so high that any reduction would still not make it generally available or affordable to the public market.
For instance, a Burberry cashmere trench coat presently costs almost $3,000, yet a comparable trench coat at Macy’s costs $180. However, the bulk of American adults do not spend nearly 4% of their annual salary on a single Burberry trench coat.
In reality, the wealth distribution in the United States successfully encourages most customers to avoid purchasing ready-to-wear high fashion apparel and instead shop at lower-cost boutiques.
Online Clothing Rental Market: Restraints
Presence of alternative options
The online garment rental business confronts competition from traditional retail, second-hand clothes markets, and rapid fashion manufacturers. While online rental businesses provide convenience and sustainability benefits, customers may still choose to purchase new or used clothing altogether.
Customers who prefer ownership over temporary rentals are drawn to fast fashion due to its low costs and continual infusion of new trends. Furthermore, worries about cleanliness and fit may dissuade people from renting garments online. Competing with established retail formats and the appeal of owning clothes goods is a challenge for the online rental industry to overcome.
To differentiate themselves and attract users, rental platforms must emphasise unique value propositions such as access to high-end designer products, eco-consciousness, or special occasion rentals.
Online Clothing Rental Market: Opportunities
Rise in the penetration of the internet
As more individuals throughout the world acquire access to the internet, they become more accustomed to and comfortable with online purchasing. This digital connectivity allows clothes rental platforms to reach a larger audience while also providing easy services such as online browsing, ordering, and returns.
In addition, the internet enables seamless communication and transactions, allowing clients to effortlessly browse a wide range of clothing alternatives, compare costs, and read reviews before making rental selections. Furthermore, social media platforms and online advertising play important roles in promoting rental services, influencing customer preferences, and generating traffic to rental websites.
Moreover, the Internet allows clothes rental firms to improve their operations, handle inventory more effectively, and make personalized suggestions based on consumer preferences and browsing history. For instance, by 2025, the number is predicted to reach 900 million. This is the first time that almost all Indians have become regular internet users.
According to the estimate, 399 million of India’s 759 million ‘active’ internet users in 2022 are from rural India, and 360 million are from urban India, demonstrating that rural India is still driving the country’s online growth.
In terms of consumption, digital entertainment, communications, and social media remain the most prevalent offerings in India. Indians are rapidly embracing social media platforms as the next e-commerce location, with a remarkable 51% year-on-year (YoY) increase in social commerce.
Online Clothing Rental Market: Segmentation Analysis
Global Online Clothing Rental market is segmented by clothing style, business model, end user and region. Based on clothing style, the market is classified into ethnic, western and others. Boxer briefly dominated the market in 2023 with a market share of 55% and is expected to keep its dominance during the forecast period 2024-2033.
Ethnic wear is important in boosting the online garment rental business because of its distinct appeal for celebrations and cultural activities.
Many ethnic costumes, which include classic Indian saris, lehengas, and sherwanis, are expensive to buy and may only be worn on special occasions. As a result, customers prefer renting these items for one-time occasions to save money and prevent closet clutter.
The online rental model provides a practical and cost-effective alternative, allowing users to access a diverse choice of ethnic clothing options without an obligation of ownership. Furthermore, renting ethnic clothes allows people to try out new styles and patterns without making a long-term commitment.
Based on the business model, the market is classified into subscription based, standalone and peer to peer. The subscription-based segment dominated the market in 2023 with a market share of 48% and is expected to keep its dominance during the forecast period 2024-2033.
Subscription-based models are fuelling the expansion of the online clothes rental sector because of their ease, low prices, and adaptability. Subscribers pay a regular subscription to have access to a changing wardrobe of clothing items, allowing them to try out new trends without committing to a purchase.
This style caters to customers who want variation in their wardrobe without the clutter and cost of purchasing many clothes. Furthermore, subscriptions frequently offer features like free delivery, fast returns, and personalised styling services, which improve the entire consumer experience.
Subscription-based platforms capitalise on the rising trend of conscious consumerism and sustainability by providing a convenient method to acquire attractive apparel on demand, hence reducing the need for single-use clothing purchases.
Based on end users, the market is classified into men, women and kids. Women segment dominated the market in 2023 with a market share of 54% and is expected to keep its dominance during the forecast period 2024-2033. Women are the primary force behind the online clothes rental sector for a variety of reasons.
Initially, fashion trends as well as internet influence frequently fuel their need for variation in their clothing without the requirement for long-term ownership. Furthermore, women are more inclined to try out new trends and outfits for special occasions like weddings, parties, and professional events, making clothes rental a practical and cost-effective alternative.
In addition, female customers’ increased knowledge of sustainability encourages them to rent rather than buy, minimizing fast fashion’s environmental impact. The simplicity and convenience of internet platforms appeal to busy women who appreciate time-saving options.
Report Scope
| Feature of the Report | Details |
| Market Size in 2024 | USD 1.9 Billion |
| Projected Market Size in 2033 | USD 3.6 Billion |
| Market Size in 2023 | USD 1.5 Billion |
| CAGR Growth Rate | 7.7% CAGR |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Key Segment | By Clothing Style, Business Model, End User and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Online Clothing Rental Market: Regional Insight
By region, Online Clothing Rental market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East & Africa. North America dominated the global Online Clothing Rental market in 2023 with a market share of 40% and is expected to keep its dominance during the forecast period 2024-2033.
North America’s tech-savvy populace embraces e-commerce sites, making online clothes rental services widely available and popular.
North America’s fast fashion culture pushes customers to seek for inexpensive and stylish apparel alternatives, leading them to use rental services for variety without the commitment of ownership. Furthermore, sustainability concerns have developed, with customers turning to rental services as a more environmentally responsible alternative to traditional shopping.
Moreover, the ease of doorstep pickup and hassle-free returns provided by online rental companies are appealing to busy North American customers. Strategic marketing initiatives and collaborations with fashion celebrities and other influential people serve to advertise and normalize the notion of clothes rental, accelerating its expansion in the region.
Online Clothing Rental Market: Recent Developments
- In April 2022, David Jones broadened its collaboration with the clothes rental system GlamCorner with the debut of Reloop. Customers may support the circular economy by shopping mindfully using GlamCorner’s Reloop.
- In October 2021, H&M, a large clothes shop, unveiled a blockchain-based business for renting out items with scannable lot labels. Consumers may select garments for quick rental by swiping loT-connected stickers on their smartphones.
- In April 2022, Fly Robe signed up with Franchise Mart for a business expansion At RENT IT BAE. The distinctive online premium rental business delivers the latest trends directly to your home.
List of the prominent players in the Online Clothing Rental Market:
- Rent the Runway
- Le Tote
- Gwynnie Bee
- FashionPass
- MyWardrobeHQ
- Armoire Style
- HURR Collective
- The Rotation
- Style Theory
- GlamCorner
- Tulerie
- Closet Collective
- RAGFAiR
- YCloset
- La Reina
- The Fitzroy
- Flyrobe
- Urban Outfitters
- Onloan
- Others
These key players are adopting various growth strategies such as mergers & acquisitions, joint ventures, expansion, strategic alliances, new product launches, etc. to enhance their business operations and revenues.
The Online Clothing Rental Market is segmented as follows
By Clothing Style
- Ethnic
- Western
- Others
By Business Model
- Subscription based
- Standalone
- Peer to Peer
By End User
- Women
- Men
- Kids
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market Research Methodology
- Chapter 2. Executive Summary
- 2.1 Global Online Clothing Rental Market, (2024 – 2033) (USD Billion)
- 2.2 Global Online Clothing Rental Market: snapshot
- Chapter 3. Global Online Clothing Rental Market – Industry Analysis
- 3.1 Online Clothing Rental Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Rising acceptance of online shopping portals
- 3.2.2 Growing demand for costly designer dresses
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market Attractiveness Analysis By Clothing Style
- 3.7.2 Market Attractiveness Analysis By Business Model
- 3.7.3 Market Attractiveness Analysis By End User
- Chapter 4. Global Online Clothing Rental Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Online Clothing Rental Market: Company Market Share, 2024
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, cullaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Online Clothing Rental Market – Clothing Style Analysis
- 5.1 Global Online Clothing Rental Market Overview: By Clothing Style
- 5.1.1 Global Online Clothing Rental Market Share, By Clothing Style, 2024 and – 2033
- 5.2 Ethnic
- 5.2.1 Global Online Clothing Rental Market by Ethnic, 2024 – 2033 (USD Billion)
- 5.3 Western
- 5.3.1 Global Online Clothing Rental Market by Western, 2024 – 2033 (USD Billion)
- 5.4 Others
- 5.4.1 Global Online Clothing Rental Market by Others, 2024 – 2033 (USD Billion)
- 5.1 Global Online Clothing Rental Market Overview: By Clothing Style
- Chapter 6. Global Online Clothing Rental Market – Business Model Analysis
- 6.1 Global Online Clothing Rental Market Overview: By Business Model
- 6.1.1 Global Online Clothing Rental Market Share, By Business Model, 2024 and – 2033
- 6.2 Subscription based
- 6.2.1 Global Online Clothing Rental Market by Subscription based, 2024 – 2033 (USD Billion)
- 6.3 Standalone
- 6.3.1 Global Online Clothing Rental Market by Standalone, 2024 – 2033 (USD Billion)
- 6.4 Peer to Peer
- 6.4.1 Global Online Clothing Rental Market by Peer to Peer, 2024 – 2033 (USD Billion)
- 6.1 Global Online Clothing Rental Market Overview: By Business Model
- Chapter 7. Global Online Clothing Rental Market – End User Analysis
- 7.1 Global Online Clothing Rental Market Overview: By End User
- 7.1.1 Global Online Clothing Rental Market Share, By End User, 2024 and – 2033
- 7.2 Women
- 7.2.1 Global Online Clothing Rental Market by Women, 2024 – 2033 (USD Billion)
- 7.3 Men
- 7.3.1 Global Online Clothing Rental Market by Men, 2024 – 2033 (USD Billion)
- 7.4 Kids
- 7.4.1 Global Online Clothing Rental Market by Kids, 2024 – 2033 (USD Billion)
- 7.1 Global Online Clothing Rental Market Overview: By End User
- Chapter 8. Online Clothing Rental Market – Regional Analysis
- 8.1 Global Online Clothing Rental Market Regional Overview
- 8.2 Global Online Clothing Rental Market Share, by Region, 2024 & – 2033 (USD Billion)
- 8.3. North America
- 8.3.1 North America Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.3.1.1 North America Online Clothing Rental Market, by Country, 2024 – 2033 (USD Billion)
- 8.3.1 North America Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.4 North America Online Clothing Rental Market, by Clothing Style, 2024 – 2033
- 8.4.1 North America Online Clothing Rental Market, by Clothing Style, 2024 – 2033 (USD Billion)
- 8.5 North America Online Clothing Rental Market, by Business Model, 2024 – 2033
- 8.5.1 North America Online Clothing Rental Market, by Business Model, 2024 – 2033 (USD Billion)
- 8.6 North America Online Clothing Rental Market, by End User, 2024 – 2033
- 8.6.1 North America Online Clothing Rental Market, by End User, 2024 – 2033 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.7.1.1 Europe Online Clothing Rental Market, by Country, 2024 – 2033 (USD Billion)
- 8.7.1 Europe Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.8 Europe Online Clothing Rental Market, by Clothing Style, 2024 – 2033
- 8.8.1 Europe Online Clothing Rental Market, by Clothing Style, 2024 – 2033 (USD Billion)
- 8.9 Europe Online Clothing Rental Market, by Business Model, 2024 – 2033
- 8.9.1 Europe Online Clothing Rental Market, by Business Model, 2024 – 2033 (USD Billion)
- 8.10 Europe Online Clothing Rental Market, by End User, 2024 – 2033
- 8.10.1 Europe Online Clothing Rental Market, by End User, 2024 – 2033 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.11.1.1 Asia Pacific Online Clothing Rental Market, by Country, 2024 – 2033 (USD Billion)
- 8.11.1 Asia Pacific Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.12 Asia Pacific Online Clothing Rental Market, by Clothing Style, 2024 – 2033
- 8.12.1 Asia Pacific Online Clothing Rental Market, by Clothing Style, 2024 – 2033 (USD Billion)
- 8.13 Asia Pacific Online Clothing Rental Market, by Business Model, 2024 – 2033
- 8.13.1 Asia Pacific Online Clothing Rental Market, by Business Model, 2024 – 2033 (USD Billion)
- 8.14 Asia Pacific Online Clothing Rental Market, by End User, 2024 – 2033
- 8.14.1 Asia Pacific Online Clothing Rental Market, by End User, 2024 – 2033 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.15.1.1 Latin America Online Clothing Rental Market, by Country, 2024 – 2033 (USD Billion)
- 8.15.1 Latin America Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.16 Latin America Online Clothing Rental Market, by Clothing Style, 2024 – 2033
- 8.16.1 Latin America Online Clothing Rental Market, by Clothing Style, 2024 – 2033 (USD Billion)
- 8.17 Latin America Online Clothing Rental Market, by Business Model, 2024 – 2033
- 8.17.1 Latin America Online Clothing Rental Market, by Business Model, 2024 – 2033 (USD Billion)
- 8.18 Latin America Online Clothing Rental Market, by End User, 2024 – 2033
- 8.18.1 Latin America Online Clothing Rental Market, by End User, 2024 – 2033 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Online Clothing Rental Market, by Country, 2024 – 2033 (USD Billion)
- 8.19.1 The Middle-East and Africa Online Clothing Rental Market, 2024 – 2033 (USD Billion)
- 8.20 The Middle-East and Africa Online Clothing Rental Market, by Clothing Style, 2024 – 2033
- 8.20.1 The Middle-East and Africa Online Clothing Rental Market, by Clothing Style, 2024 – 2033 (USD Billion)
- 8.21 The Middle-East and Africa Online Clothing Rental Market, by Business Model, 2024 – 2033
- 8.21.1 The Middle-East and Africa Online Clothing Rental Market, by Business Model, 2024 – 2033 (USD Billion)
- 8.22 The Middle-East and Africa Online Clothing Rental Market, by End User, 2024 – 2033
- 8.22.1 The Middle-East and Africa Online Clothing Rental Market, by End User, 2024 – 2033 (USD Billion)
- Chapter 9. Company Profiles
- 9.1 Rent the Runway
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 Le Tote
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Gwynnie Bee
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 FashionPass
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 MyWardrobeHQ
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Armoire Style
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 HURR Collective
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 The Rotation
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Style Theory
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 GlamCorner
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Tulerie
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 Closet Collective
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 RAGFAiR
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 YCloset
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 La Reina
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 The Fitzroy
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 Flyrobe
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.18 Urban Outfitters
- 9.18.1 Overview
- 9.18.2 Financials
- 9.18.3 Product Portfolio
- 9.18.4 Business Strategy
- 9.18.5 Recent Developments
- 9.19 Onloan
- 9.19.1 Overview
- 9.19.2 Financials
- 9.19.3 Product Portfolio
- 9.19.4 Business Strategy
- 9.19.5 Recent Developments
- 9.20 Others.
- 9.20.1 Overview
- 9.20.2 Financials
- 9.20.3 Product Portfolio
- 9.20.4 Business Strategy
- 9.20.5 Recent Developments
- 9.1 Rent the Runway
List Of Figures
Figures No 1 to 25
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2032
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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Prominent Player
- Rent the Runway
- Le Tote
- Gwynnie Bee
- FashionPass
- MyWardrobeHQ
- Armoire Style
- HURR Collective
- The Rotation
- Style Theory
- GlamCorner
- Tulerie
- Closet Collective
- RAGFAiR
- YCloset
- La Reina
- The Fitzroy
- Flyrobe
- Urban Outfitters
- Onloan
- Others
FAQs
The restraints of the Online Clothing Rental market is presence of alternative options.
The major driver for the Online Clothing Rental market is rising acceptance of online shopping portals and growing demand for costly designer dresses.
The “Ethnic” category dominated the market in 2023.
The key players in the market are Rent the Runway, Le Tote, Gwynnie Bee, FashionPass, MyWardrobeHQ, Armoire Style, HURR Collective, The Rotation, Style Theory, GlamCorner, Tulerie, Closet Collective, RAGFAiR, YCloset, La Reina, The Fitzroy, Flyrobe, Urban Outfitters, Onloan, Others.
“North America” had the largest share in the Online Clothing Rental Market.
The global market is projected to grow at a CAGR of 7.7% during the forecast period, 2024-2033.
The Online Clothing Rental Market size was valued at USD 1.9 Billion in 2024.