DUBLIN, May 30, 2022 /PRNewswire/ — The “Global Online Clothing Rental Market 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
The online clothing rental market and it is poised to grow by $3.00 bn During 2022-2026, accelerating at a CAGR of 17.91% during the forecast period. The report on the online clothing rental market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, the latest trends and drivers, and the overall market environment. The market is driven by the growing e-commerce fashion industry, rising participation of people in social occasions, and the growing fast fashion industry.
The online clothing rental market analysis includes the end-user segment and geographic landscape.
The online clothing rental market is segmented as below:
By Geographical Landscape
- North America
- South America
- The Middle East and Africa
This study identifies the rising popularity of experiential marketing as one of the prime reasons driving the online clothing rental market growth during the next few years. Also, the growing trend of sustainable clothing and increasing adoption of subscription-based models will lead to sizable demand in the market.
By the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.