Online Clothing Rental Market- Global Industry Insights

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Online Clothing Rental Market- Global Industry
Insight, Trends, Outlook, and Opportunity
Analysis 2017-2025

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

• On the basis of clothing style, the online
  clothing rental market is segmented into
• Ethnic Wear
• Western Wear
• Others
• On the basis of end user, the online clothing
  rental market is segmented into
• Men
• Women
• Kids
• Western wear clothing style segment accounted for
  the major market share in the online clothing
  rental market in 2016 and is expected to retain
  market dominance over the forecast period.
  Popularity of western wear apparels is observed
  to be high among the consumers. Furthermore,
  consumer acceptance of online clothing rental
  services is higher in the Western economies,
  which is another key factor increasing the demand
  for western wear clothing.
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