These services are beneficial for individuals who intend to wear new outfits for special occasions, such as weddings, theme parties, corporate parties, photoshoots, and film shoots.

The global online clothing rental market is anticipated to expand at a compound annual growth rate (CAGR) of 10.76% during the 2018-2023 period, and will reach a value of USD 1.96 Bn by 2023, up from USD 1.18 Bn in 2018.Request a Sample Copy of This Report: https://www.radiantinsights.com/research/global-online-clothing-rental-market-2018-2023/request-sampleSegmentation based on product typeBased on product type, the parties and wedding wear segment had the highest market share (over 40%) in 2018, owing to aggressive marketing through blogs and social media.

It is followed by the ‘other’ apparel rental segment with a market share of 36% in 2018.

Changes in lifestyle of the working population has also impacted the clothing rental business.

Moreover, renting clothes are a cost-effective alternative to purchasing them.

The formal wear segment accounted for nearly 22% of the global online clothing rental market in 2018, owing to increasing corporate events and business meetings.Segmentation based on end userBased on end user, the women’s segment is expected to gain maximum share in terms of value.

Online Clothing Rental Market Report by Value Market Research, studies the future perspective of the market.

Research Report also includes the size, share, growth, trends, Manufacturers, segments and regional survey in detail for the study year of 2020-2027.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.

The major players in the Online Clothing Rental include Clothing Rental, Dress & Go, FlyRobe, Glam Corner Pty Ltd, Gwynnie Bee, Le Tote, Rent The Runway Inc., StyleLend, etc.

This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Request FREE sample copy of the report “Global ONLINE CLOTHING RENTAL Market” at: https://www.valuemarketresearch.com/contact/online-clothing-rental-market/download-sampleMarket SegmentationThe broad Online Clothing Rental has been sub-grouped into the Product Type, End User and region.

The report studies these subsets with respect to the geographical segmentation.

The strategists can gain a detailed insight and devise appropriate strategies to target specific market.