Clothing Rental Platform Market Scope
Clothing Rental Platform is a web-based dress rental platform like rent the Runway, Bag Borrow. The style-conscious people rent designer dresses, clothes for special occasions, and accessories. The rental model has a positive impact, especially when it comes to variety and savings. Incorporate the features and recommendations mentioned in this post and create your own advanced online dress rental platform. Geographically, North America is the leading region due to the wide adoption or consumption of stylish fashion apparel followed by Asia pacific. For instance, In India, online clothing rental is slowly catching but is expected to grow at a CAGR of 11.4% by 2023. The demand is growing due to the large demand in the fashion industry that is driving the growth of the market over the forecast period.
The Clothing Rental Platform market study is segmented and major geographies with country level break-up.
The market is expected to grow in the fashion and apparel industry. It has wide application for renting clothes. Several companies such Rotaro, HURR, Selfridges are operating in the market to provide customers with better offers with various features & unique offering prices and services. The market is a partially fragmented market with the presence of several market players and local players. The demand of the market is driving due to adoption that is triggering the market growth over the forecast period
Rotaro (United States), HURR (United Kingdom), Selfridges (United Kingdom), Hirestreet (United Kingdom), For The Creators (Thailand), Cocoon (United Kingdom), By Rotation (United Kingdom), MY WARDROBE HQ (United Kingdom), Endless Wardrobe (United Kingdom), BagButler (United Kingdom), Girl Meets Dress (United Kingdom), The Clothing Rental (India), Wrap'd (United States), Dress Bank (United Kingdom), Run the Runway (United States), Le tote (United States), Bag barrow or steal (United States), Rentez-vous (United Kingdom), Flyrobe (India) and Others are some of the key players that are part of study coverage.
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AMA Research has segmented the market of Global Clothing Rental Platform market by Type, Application and Region.
On the basis of geography, the market of Clothing Rental Platform has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
On November 2019 Flyrobe has acquired By Fashion Rental Service Rent It Bae. The acquisition cost is 60 INR
On September 2020 Fashion rental startup Wardrobe launches nationwide. The Wardrobe, a peer-to-peer fashion rental platform had launched its website across the United States. The start-up has partnered with local dry cleaners to clean garments rented through the platform and support small businesses., and On June 2021 fashion pioneer launches new tech platform for the rental market
- Rising demand through a digital platform such as Facebook, Instagram for product selling and branding.
- Rising demand for Online rental platforms is expected to purchase and rent any type of clothing with less economic expenditure and long-term use.
- Rapid growth and rise in urbanization have spawned consumers with more expenditure in the market is another opportunities
- A large number of the competitor in the market
- Receiving an email about a last-minute cancelation on a dress for tonight's event seems like no fun.
Key Target AudienceSupplier, Application Developer, Retailer, freelancer, Regulatory Authorities, New Entrants/Investors, Strategic Business Planners, Governments and End-Use Industry
Frequently Asked Questions (FAQ):
1. Is it possible to have certain customization in the study?
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a study that suits your business objectives.
2. How big is the Clothing Rental Platform Market?
Yes, the study does represent market size by key business segment, application/end users and major geographies forecasted till 2026.