Performance of the end-user segments in the global online clothing rental market.
The global online clothing rental market is expected to grow at a CAGR of 10.84% during the forecast period. Based on end-user, the global online clothing rental market has been segmented into women, men, and children.
Women are increasingly becoming conscious about their clothing purchases. As occasion wear items are priced high, women are increasingly preferring renting clothing to purchase them. Additionally, the dumping of unwanted clothing into landfills is having a serious environmental impact. Furthermore, a growing number of retailers of branded clothes has pointed out that there has been a rise in the number of women wearing and returning sold items.
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Another trending sub-segment in this category is maternity wear for pregnant women who need to change their clothing every trimester. Therefore, the option of renting clothes during the maternity period on a subscription basis is becoming a popular trend. Therefore, an increasing number of women are expected to opt for online clothing rental services, which specifically focuses on personalized services. These factors are estimated to have a positive impact on the growth of this end-user segment of the global online clothing rental market during the forecast period.