Summary. Apparel Rental Market Size and Trend Analysis by Category, Segments and Region, Consumer Attitudes and Competitive Landscape, 2016-2026 report offers comprehensive insight and analysis of the global apparel rental market, including market sizes and forecasts for 48 countries and category breakdowns.
New York, Jan. 17, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Apparel Rental Market Size and Trend Analysis by Category, Segments and Region, Consumer Attitudes and Competitive Landscape, 2016-2026" - https://www.reportlinker.com/p06381093/?utm_source=GNW
It provides detailed analysis of the key trends shaping the market, and the leading companies in apparel rental.
The rental apparel market has grown by 89.3% between 2016 and 2022, from $2.6bn to $4.9bn, driven by increased consumer awareness of the environmental impacts of fast fashion, with specialist platforms such as HURR, Le Closet and GlamCorner launching and capitalizing on consumer demand for more sustainable ways of wearing new outfits.
- While growth of the global apparel rental market will slow in forecast years as the market matures, it will still experience double digit growth as rental platforms expand to new regions and consumers become increasingly comfortable with renting apparel.
- The global apparel rental market is widely contrasted between regions, with Asia-Pacifc and North America being early adopters of the trend while Europe is experiencing a boom in the current period.
- Eastern Europe’s apparel rental market will grow the strongest in forecast years thanks to its growing economy and the growing presence of online rental platforms.
- Clothing makes up the majoirty of the global apparel rental market, and is set to increase its mix of total market by 1.6ppts in the ten years between 2016 and 2026.
Reasons to Buy
- Understand what is behind the high growth in the apparel rental market, and the differentiation between categories.
- Learn about the geographical differences in consumers renting apparel, and which are the key countries driving growth in the market.
- Identify what makes the leading rental players successful and how you could integrate these strategies within your own business.
Read the full report: https://www.reportlinker.com/p06381093/?utm_source=GNW
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