Growth of the all-around online accouterment rental bazaar is apprenticed by accretion alternative for appearance and cast alertness amid bodies beyond the apple forth with ascent internet penetration. Consumers are preferring online acquirement of clothes due to availability of a ample array at a discounted price. This is fuelling the appeal for online busy clothes globally. Changing customer lifestyles and accretion appeal for artist dresses, affair wear, and banquet apparel is accepted to accent the advance of the all-around online accouterment rental bazaar in the aing 10 years. Accretion urbanisation forth with ascent claimed disposable assets in regions such as the Asia Pacific are active the all-embracing advance of the all-around online accouterment rental market.
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High advantage margins, affluence of ability availability, and ascent bread-and-er befalling in developing nations are some factors auspicious new players to adventure into the all-around online accouterment rental market. Established players in the all-around online accouterment rental bazaar are accretion their artefact portfolio and are focussing on artefact innovations and change in ambition segments, which is creating able-bodied antagonism in the market.
Segmentation highlights – The all-around online accouterment rental bazaar is anecdotal on the base of Demography (Women, Men, Kids); Amount Range (Premium, Mid, Low); Type (Western Wear, Ethnic Wear, Others); End User (B2C, B2B); and Business Archetypal (Peer-to-Peer Model, Standalone Model, Hybrid Model).
The Women demography articulation is accepted to annals a CAGR of 9.5% during the anticipation period
The Peer-to-Peer business archetypal articulation was admired at US$ 656.4 Mn in 2015 and is accepted to annual for US$ 712.2 Mn by the end of 2016, witnessing a Y-o-Y advance amount of 8.5% over 2016–2020.
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Regional projections – The all-around online accouterment rental bazaar is anecdotal into the seven key regions of North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan, and MEA. Markets in North America, Western Europe, and APEJ are accepted to almanac aeriform advance ante in agreement of amount amid 2016 and 2026. Amongst all the regions, North America is estimated to annual for a analogously college amount allotment in 2016. Western Europe is addition above bazaar for online accouterment rentals. The access of online affluence appearance due to ascent internet assimilation is accepted to drive bazaar advance in this region. In the APEJ region, accretion claimed disposable assets is a key disciplinarian for abiding advance of the online accouterment rental market, and the APEJ bazaar is accepted to annals a CAGR of 10.1% during the aeon 2016-2026. The online accouterment rental bazaar is accepted to attestant cogent advance over the anticipation aeon in countries such as India, the ASEAN countries, Australia, and New Zealand.
Vendor insights – This address covers abundant profiles of key players operating in the all-around online accouterment rental market. The address presents key strategies, key developments, artefact offerings, and bazaar achievement of arch companies. Some of the top companies profiled in the all-around online accouterment rental bazaar address are Rent the Runway, Poshmark, Elanic Casework Pvt Ltd., Dress & Go, GlamCorner Pvt Ltd., Envoged, Etashee, Secoo Holdings Ltd, and Secret Worldwide.
Future Bazaar Insights (FMI) is a arch bazaar intelligence and consulting firm. We bear amalgamated analysis reports, custom analysis letters and consulting services, which are alone in nature. FMI delivers a complete packaged solution, which combines accepted bazaar intelligence, statistical anecdotes, technology inputs, admired advance insights, an aeriform appearance of the aggressive framework, and approaching bazaar trends.
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