From GlobeNewswire: 2024-04-26 03:30:00

Custom Market Insights has released a comprehensive report on the Online Clothing Rental Market, forecasting a growth from $1.5 billion in 2023 to $3.6 billion by 2033 with a 7.7% CAGR. The market is driven by sustainable fashion trends, technological advancements, and COVID-19’s impact on online shopping habits. North America leads due to tech-savvy consumers and a growing interest in eco-friendly practices. Key players in the market include Rent the Runway, Le Tote, and Gwynnie Bee, among others. The subscription-based model is popular for its convenience and affordability, especially among women looking for variety and sustainability in their wardrobe choices.Renting clothes online is a rapidly growing trend, with the global market size expected to reach $3.6 billion by 2033, driven by sustainable fashion practices and technological advancements. Women lead the market, drawn to rental services for their affordability and sustainability. The subscription-based model is popular for its convenience and variety, especially for ethnic clothing styles suitable for special occasions. North America dominates the market due to tech-savvy customers and a focus on eco-friendly fashion choices. Key players include Rent the Runway, Le Tote, and Gwynnie Bee, among others.Renting clothes online is becoming increasingly popular, with the global market expected to reach $3.6 billion by 2033. The subscription-based business model, appealing to women for its affordability and sustainability, is a key driver of growth. North America leads the market, with tech-savvy consumers driving demand for eco-friendly fashion practices. Key players in the market include Rent the Runway, Le Tote, and Gwynnie Bee.



Read more at GlobeNewswire: [Latest] Global Online Clothing Rental Market Size/Share