After negative growth in the year before, 2021 was the year which saw the highest yearly growth rate in the rental apparel market at approximately 27 percent. Growth is expected to slow in the following years and By 2026 the growth rate in the rental apparel market is expected to change to approximately 4 percent. This increase in the rented apparel market growth rate represents a trend towards non-traditional, sharing economy business models within the apparel industry.
Growth rate of the rental apparel market in the Americas from 2020 to 2026
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Statista. (January 26, 2022). Growth rate of the rental apparel market in the Americas from 2020 to 2026 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1195576/rental-apparel-market-growth-in-the-americas/
Statista. "Growth rate of the rental apparel market in the Americas from 2020 to 2026." Chart. January 26, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1195576/rental-apparel-market-growth-in-the-americas/
Statista. (2022). Growth rate of the rental apparel market in the Americas from 2020 to 2026. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1195576/rental-apparel-market-growth-in-the-americas/
Statista. "Growth Rate of The Rental Apparel Market in The Americas from 2020 to 2026." Statista, Statista Inc., 26 Jan 2022, https://www.statista.com/statistics/1195576/rental-apparel-market-growth-in-the-americas/
Statista, Growth rate of the rental apparel market in the Americas from 2020 to 2026 Statista, https://www.statista.com/statistics/1195576/rental-apparel-market-growth-in-the-americas/ (last visited November 21, 2024)
Growth rate of the rental apparel market in the Americas from 2020 to 2026 [Graph], Statista, January 26, 2022. [Online]. Available: https://www.statista.com/statistics/1195576/rental-apparel-market-growth-in-the-americas/