Online Clothing Rental Market Demand and Forecast 2019 - 2026Posted by anagha on July 22nd, 2019 Online clothing rental is a service through which people can rent clothing for a specific period of time. This service is mainly suitable for individuals who do not want to buy expensive clothing for a one-time event. Online clothing rental service proves to be a perfect solution for events such as theme parties, weddings, and photo shoots, where people prefer renting clothes rather than buying, in order to avoid high costs of the clothing. Rental dresses can be used several times by various customers. Get a PDF Sample of Research Report @ https://www.coherentmarketinsights.com/insight/request-pdf/1446 Growing e-commerce industry due to increasing demand for high speed internet services is one of the key factors fueling growth of the global online clothing rental market. According to the India Brand Equity Foundation (IBEF), India alone witnessed over 500 million internet users in the last quarter of 2015 and the market for e-commerce in India was valued at US$ 13 billion in 2015 and the same is set to increase to US$ 188 billion by the end of 2025. Apparels were ranked second in terms of market share in the e-commerce industry.
Among clothing style, parties and wedding wear segment accounted for the largest market share of 58.8% in the global online clothing rental market in 2017. Wedding dresses are expensive and will be mostly used for one day, hence, consumers prefer to rent such clothes, which are cost-effective. People tend to use designer dresses for occasions such as weddings, birthday parties, and pre-weeding photo shoots, which increases demand for designer dress. For instance, Rent it Bae provides a wide range of designer dresses such as lehenga, sarees, gowns, dhoti sets, indo western, blazers, jodhpuri suits, and sherwanis for wedding and theme parties.
For More Information @ https://www.coherentmarketinsights.com/market-insight/online-clothing-rental-market-1446 Major players operating in the global online clothing rental market include GlamCorner Pty Ltd., Rent the Runway, Inc., Lending Luxury, Flyrobe, Gwynnie Bee Inc., Bag Borrow or Steal Inc., The Secret Wardrobe Limited, Le Tote, Union Station, Inc., and Her Wardrobe. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. Contact Us: Mr. Shah Coherent Market Insights 1001 4th Ave, #3200 Seattle, WA 98154 Tel: +1-206-701-6702 Email: sales@coherentmarketinsights.com
Like it? Share it!More by this author |