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<strong>Online</strong> <strong>Clothing</strong> <strong>Rental</strong> <strong>Market</strong>- Global Industry<br />
Insight, Trends, Outlook, and Opportunity<br />
Analysis 2017-2025<br />
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REPORT DESCRIPTION<br />
<strong>Online</strong> <strong>Clothing</strong> <strong>Rental</strong> <strong>Market</strong> Outlook:<br />
North America dominated the online clothing rental market in 2017, followed by Europe and both are expected to<br />
retain market dominance over the forecast period. The U.S, Canada, Germany, France, and Italy are the major<br />
economies contributing to the growth of online clothing rental market. Traditions such as celebration of<br />
Halloween and parties, and events that require a specific outfit for one time usage are some of the key factors<br />
driving the demand for online clothing rental in these economies. Companies operating in this industry are<br />
engaged in extensive marketing and promotional activities to attain an edge over its competitors. For instance, in<br />
October 2017, Rent the Runway announced a low price membership called RTR Update, where the buyers get to<br />
rent four pieces of clothing from the company for a month. At the end of every month, subscribers can select four<br />
new items after returning their older clothes. The subscription costs around US$ 89 for a month and includes<br />
services such as shipping, dry cleaning, and insurance.<br />
Asia Pacific is the fastest growing market region for online clothing rental and is expected to exhibit the same trend during<br />
the forecast period. India, China, and Japan are the major economies of this region fueling growth of the online clothing<br />
rental market.<br />
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REPORT DESCRIPTION<br />
Based on source type, organic baby food is expected to record fastest growth, witnessing highest CAGR during<br />
the forecast period. This is majorly due to the increasing demand among parents to offer adequate and best<br />
nutrition for the babies. The organic baby food is gaining popularity worldwide, as parents are becoming more<br />
concerned about the harmful chemicals present in the inorganic baby foods, in the form of artificial colors,<br />
sweeteners, flavors, pesticides and fertilizers.<br />
Based on distribution channel, the market is segmented into hypermarkets, supermarkets, drugstores, online<br />
channel, specialty stores and others. Supermarket, contributed the largest share in the global baby food market<br />
in 2016. However, the online channel is supposed to grow rapidly during the forecast period, owing to the<br />
technological advancements and increasing internet penetration in emerging economies.<br />
In 2016, Asia Pacific dominated the baby food market in terms of revenue and accounted for a share of<br />
37.66%, with China, India, New Zealand, Japan, Australia and Indonesia being the major contributor for baby<br />
food market growth in Asia Pacific.<br />
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REPORT DESCRIPTION<br />
On the basis of clothing style, the online clothing rental market is segmented into:<br />
•<br />
Ethnic Wear<br />
•<br />
Western Wear<br />
•<br />
Others<br />
On the basis of end user, the online clothing rental market is segmented into:<br />
•<br />
Men<br />
•<br />
Women<br />
•<br />
Kids<br />
Western wear clothing style segment accounted for the major market share in the online clothing rental market in<br />
2016 and is expected to retain market dominance over the forecast period. Popularity of western wear apparels is<br />
observed to be high among the consumers. Furthermore, consumer acceptance of online clothing rental services<br />
is higher in the Western economies, which is another key factor increasing the demand for western wear clothing.<br />
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