The global online clothing rental market is expected to expand in forecast period. As internet retail grows, more people are anticipated to rent clothes online. That is the main component causing this expansion. Moreover, drivers propelling the market include internet usage, technical improvements, and the rise in popularity of online shopping portals over the past few years. Also, the growth of the film, television, and television business are predicted to boost market expansion. Some sectors need clothing for a little time, hence renting is preferred to buying in these cases.

Due to consumers' rising disposable incomes, they are spending more money on clothes-related activities, which is one of the major factors driving the expansion of the online garment rental business. In the upcoming years, it is anticipated that the market for online clothing rentals would expand due to the rising demand for expensive designer gowns and consumers' evolving fashion preferences. The elements projected to promote the growth of the online garment rental market include the surge in demand for expensive designer dresses and ongoing changes in consumer fashion sense. Also, a significant factor driving the industry is customers' increased spending on trendy pursuits as their disposable income rises, combined with the quick expansion of the number of fashion firms. The industry is expected to grow as a result of the changing fashion preferences of young people as well as an increase in price-conscious clients renting formal clothing items like luxury jackets and suits. The demand for sports gear brought on by a rise in the number of athletes combined with an increase in sporting activities is also anticipated to boost the market's growth. In the upcoming years, attractive market prospects are anticipated as manufacturers pay more attention to the children's industry. Due to the changing lifestyles of their parents, kids have developed a greater awareness of fashion and brand names, which will certainly accelerate the expansion of the online clothes rental industry. However, the business is highly fragmented due to the existence of several unorganized manufacturers providing inexpensive, non-branded products, which may operate as a barrier and impede market expansion.

The online garment rental sector has suffered because of the COVID-19. The lockdown caused all businesses to close except from those that provided critical services, which had an impact on the makers of clothing because it affected the supply and distribution of online goods. As the outbreak struck, demand for clothes rentals, which were generally popular among urban working professionals and those getting ready for a big night out, abruptly decreased.

The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as; Dress Hire, Flyrobe.com, Gwynnie Bee, Le Tote, Rent the runway, Secoo Holding Limited, Share Wardrobe, Style Lend, Swapdom, The Clothing Rental.

This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.