Between 2022 and 2032, the online clothing rental market is anticipated to expand at an impressive CAGR of 9.2%.
Author -
Clothing Ship
November 16, 2022
0
Between 2022 and 2032,
the online clothing rental market is anticipated to expand at an impressive
CAGR of 9.2%.
Introduction to the online
clothing rental market
A business that lets users rent clothes online for a certain amount
of time is known as clothing rental. Customers looking for a designer dress for
events including theme parties, weddings, business parties, and filming might
benefit from this service.
North America has the fastest-growing market.
EU is the largest market.
CAGR: 8.89 %
the years 2016 until 2032
Description of the
different types of online clothing rental services
The production and consumption of
apparel have doubled worldwide over the past 15 years. Previously a rare
occurrence, shopping is now a popular pastime for many people.Overproduction, pollution, the
production of trash, and exploitation are the results of this. In summary, the
effects of the fashion business are disastrous for the environment, humans, and
animals.According
to studies, the best thing we can do to lessen the negative effects of our
wardrobes on the environment and society is to wear each item of clothing more
frequently. So it's not strange that renting clothes is becoming more popular!
It enables customers to extend the life of these rented items while enabling
them to explore the newest trends without feeling guilty about purchasing
anything new or overstuffing their closets.
But what precisely are clothes rentals?
How eco-friendly is renting
clothing?
What are the top companies
offering clothing rental services?
Let's look at it!
What are the services for renting clothing?
Similar to renting your graduation
robe and cap, clothing rental services let you borrow one or more items for a
special occasion for a short period of time. Some platforms let you rent
directly from the rental service, which typically carries a variety of brands,
or from other people, similar to how Airbnb works for renting out clothing. You
can typically browse clothing on those platforms by categories, labels, or
styles to find the item that best suits your requirements and your budget.You can keep the items
for a variety of times with each rental company, but you must return them at
the end in a bag that is typically provided by the business.Depending on the label, the item, and
the length of time you want to rent it for, these services have a wide range in
price. Some platforms even have subscription plans or memberships!
Increasing rental
fashion
Alternative methods of clothing
purchase and wardrobe management are emerging, which is not surprising given
the mounting consumer pressure for a more ethical and sustainable fashion
sector. The market for renting fashion and clothing has been growing in popularity,
and by 2025 it is predicted to be worth US$2.08 billion.
Renting clothing is not only an
affordable way to experiment with our personal style, but it is also thought to
be a more environmentally friendly way to expand our wardrobe.
The fashion industry exploits workers
and animals all over the world and is to blame for 8–10% of the world's carbon
emissions. Renting pre-existing clothing slows the quick fashion cycle and the
unrelenting pressures on low-paid supply chain workers. By extending the life
of your garments and finding exceptional and one-of-a-kind pieces along the
road, you're also keeping them out of landfills, which we adore!
The rental model can significantly
lessen a garment's impact on the environment, claims Anastasia Pappas of Glam
Corner. "You can help to reduce the environmental impact of such a wear by
up to 95% by sharing a designer item with 20–30 other women who would have
otherwise purchased a single item to use once and dispose of," Anastasia
claims.
The rental companies we
prefer to use for apparel
Rent the Runway
With its 2009 launch, US-based Rent
the Runway upended the fashion business and forever altered how women dress by
developing the first "closet in the cloud." One of the most
well-known clothes rental services, the brand today has millions of consumers.
Price: One-time dress rentals start
at $30, and memberships start at $69 per month for 8 items.
Glam Corner
For women who are passionate about
enjoying the excellence of designer apparel while simultaneously minimizing
their influence on the environment and their finances, Sydney-based Glam Corner
seeks to deliver a modern, straightforward, and personalized fashion
experience.
Price: Three-item memberships start
at AUD 99 per month; a single outfit rental costs AUD 39.
Dispatch to: Worldwide
The Hurr Collective
Hurr is altering the habits of
fashion enthusiasts all across the world because she thinks everyone should
have access to high-quality clothing. Lenders are able to monetize their items
on this peer-to-peer marketplace, while renters are able to shine in them for a
fraction of the retail cost.
The cost for one-time dress rentals
is £20.
worldwide shipping
Rotaro
Rotaro,
a cult label fashion rental platform that was introduced in 2019, has grown
swiftly to serve the entire of UK. In order to plant trees and offset carbon,
Rotaro collaborates with Ecology, a renowned social enterprise. It grows a tree
for every rental and a thicket for every new brand it partners with.
Cost:
One-time gown rentals begin at £35 per garment.
Delivers
to: UK
The Devout
With UK-based The Devout, you can
enjoy all the excitement of receiving new garments each month without feeling
bad about harming the environment. Receive 5 items delivered, with membership
including laundry, insurance, and delivery, then swap them out each month. Even
sustainable brands like Girlfriend Collective are available on the platform!
Memberships begin at £79 per month
for five items.
Delivers to: UK
Onloan
Onloan, a British rental platform, is
on a mission to lessen waste, showcase outstanding independent designers, and
rekindle our love of fashion guilt-free. You can even sign up to receive a
monthly capsule wardrobe from the brand, which carries modern designers like
Mother of Pearl.
Memberships begin at £69 per month
for two items.
Delivers to: UK
By Rotation
British business By Rotation is a
community that is conscientious, self-sustaining, inclusive, and varied. It is
more than just a platform and app for renting clothes. You may rent your favorite
labels right from your hand with the By Rotation app.
Memberships cost £30 per month and
up.
Delivers to: UK
Vince Unfold
For a single, fixed monthly charge of
$160, users of Vince's subscription rental business in Los Angeles get access
to countless styles. The company designs chic yet subtle products that can be
rented for daily use. The collections exude warmth and effortless flair and are
influenced by the company's Californian roots.
Price: a set monthly price of $160
for 4 products.
Delivers to: US
Circos
The goal of Circos, a UK-based online
store that offers maternity and children's clothing rental subscription
services, is to enhance the use and lifespan of clothing that is generally worn
for only a brief period of time.
Pricing: The monthly price for the
first item starts at EUR 19,50.
Deliveries are made to Austria,
Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary,
Ireland, Italy, Luxembourg, Netherlands, Poland, Portugal, Slovakia, Spain,
Sweden, and the United Kingdom.
Haverdash
Women can receive fashion rentals
through the online subscription service Have dash for a set monthly charge.
Women's clothes in its carefully picked closet include a variety of tops,
blouses, skirts, jeans, slacks, dresses, coats, and other items.
Subscriptions start at $59 a month
for three styles.
Delivers to: US
Gwynnie Bee
Gwynnie Bee is a garment rental
platform that was established in 2012 with the goal of developing a
cutting-edge new service that enables women to find, use, and enjoy amazing
clothing without restrictions. In order to ensure that everyone may find
something they like, the business carries goods in sizes 0 to 32.
Memberships cost $50 per month for a
single item.
Delivers to: US
Armoire
For a set monthly fee, Armoire is a
clothes rental service that offers you access to hundreds of high-end garments.
After you complete a questionnaire, Armoire will compile a list of styles using
both its algorithm and expert stylists.
Price: Four-item memberships start at
$69 per month.
Delivers to: US
Rntr.
Australian-based The first garment
rental business that enables you to rent straight from your favorite brands is
Rntr. Rntr. empowers brands to provide their own rental service, enabling them
to maintain an ethically high-quality product that is accessible to more
consumers through rental, allowing them to continuously refresh their wardrobe
with the click of a button while lowering the amount of clothing that ends up
in landfills!
Cost: 15%–30% of RRP
Australian shipments
the following considerations while renting clothing
Rental companies risk creating their
own issues if they aren't careful and considerate. Styles continue to go out of
style astonishingly quickly on rental marketplaces that carry
"on-trend" brands, which adds to the issue of excessive textile
waste. All clothes should be able to be recycled or upcycled, and pressure
should be put on manufacturers to accomplish this. As a society, we must
continue to put pressure on clothing manufacturers to design more enduring
garments in an ethical manner.
Additionally, renting garments involves
a lot of shipping, and studies have shown that consumer transportation has one
of the largest environmental impacts of our fashion obsession (second only to
manufacture). Companies are increasingly paying greater attention to this, utilizing
recyclable, reused, or recycled packaging, and occasionally offsetting
emissions, but it's important to consider the environmental consequences of
sending a few products back and forth each month.
Last but not least, some have claimed
that the dry cleaning included in many clothing rental subscription services
may have a significant environmental impact because the entire process involves
the use of many hazardous chemicals.
Renting clothing offers a novel and
environmentally friendly way to enjoy fashion and experiment with our personal
style as the way we manage our wardrobes is changing. Although this new
ownership model is still very young and its long-term effects on the
environment are still unknown, we can't help but promote a sharing mindset in
the fashion industry and beyond.
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