Clothing Rental Statistics

Rent the Runway ended fiscal year 2024 with 147,216 active subscribers [1]

Rent the Runway had 131,928 active subscribers at the end of fiscal year 2023 [2]

Rent the Runway recorded 2,092,930 total subscribers in fiscal year 2024 [1]

Rent the Runway recorded 2,002,793 total subscribers in fiscal year 2023 [2]

Rent the Runway generated $306.2 million in total revenue in fiscal year 2024 [1]

Rent the Runway generated $298.2 million in total revenue in fiscal year 2023 [2]

Rent the Runway's subscription revenue was $249.9 million in fiscal year 2024 [1]

Rent the Runway's reserve revenue was $36.2 million in fiscal year 2024 [1]

Rent the Runway's excess reserve revenue was $20.0 million in fiscal year 2024 [1]

Rent the Runway's net loss was $113.2 million in fiscal year 2024 [1]

Rent the Runway's adjusted EBITDA was negative $39.1 million in fiscal year 2024 [1]

Rent the Runway had cash and cash equivalents of $77.4 million as of January 31, 2024 [1]

Rent the Runway ended fiscal year 2024 with 2.5 million total members [1]

Rent the Runway's average revenue per subscriber was $130.77 in Q4 fiscal 2024 [1]

Rent the Runway's active subscribers increased 12% year over year in fiscal year 2024 [1]

Rent the Runway's inventory was $112.3 million net as of January 31, 2024 [1]

Rent the Runway's fulfillment expenses were $73.7 million in fiscal year 2024 [1]

Rent the Runway's technology expenses were $26.4 million in fiscal year 2024 [1]

Rent the Runway's sales and marketing expenses were $46.6 million in fiscal year 2024 [1]

Rent the Runway's general and administrative expenses were $69.2 million in fiscal year 2024 [1]

Nuuly reached an average of 243,000 active subscribers in the fourth quarter of fiscal 2024 [3]

Nuuly's active subscribers increased 53% in the fourth quarter of fiscal 2024 [3]

Nuuly segment revenue increased 56.5% in the fourth quarter of fiscal 2024 [3]

Nuuly segment gross profit increased 63.4% in the fourth quarter of fiscal 2024 [3]

Nuuly delivered record annual revenue of $378.5 million in fiscal 2025 [3]

Nuuly delivered record annual operating profit of $42.7 million in fiscal 2025 [3]

URBN said the Nuuly business generated more than $400 million in annual revenue run-rate [3]

74% of consumers are open to considering pre-owned clothing [4]

65% of consumers say they have shopped resale apparel [4]

46% of consumers say apparel shopping secondhand has become more socially acceptable in the last 5 years [4]

42% of consumers say access to secondhand apparel has improved over the last 5 years [4]

39% of consumers say they are more likely to buy secondhand apparel if they can shop online [4]

52% of Gen Z and Millennials say if retail inflation remains high, they will seek out secondhand apparel more often [4]

37% of consumers say they already look for apparel and accessories on resale sites first [4]

59% of consumers say they are looking for more affordable ways to shop [4]

48% of younger consumers say promotions and discounts are making them buy new apparel instead of secondhand [4]

33% of younger consumers say they would choose a secondhand item over a discounted new item [4]

56% of consumers say they have sold secondhand apparel [4]

68% of consumers say they want retailers to offer trade-in credit for apparel they no longer wear [4]

63% of consumers say they feel good knowing their apparel purchases are better for the environment [4]

69% of Millennials say they look for secondhand apparel before buying new [4]

62% of Gen Z say they look for secondhand apparel before buying new [4]

58% of shoppers say they are interested in a brand's trade-in or resale program [4]

33% of consumers say they are willing to spend more on sustainable apparel [4]

71% of retail executives say their customers are already participating in resale [4]

94% of retail executives say their customers are already participating in some form of shopping behavior that could be served by resale [4]

55% of retail executives say resale will cannibalize their new apparel sales less than 10% [4]

52% of consumers say they are more likely to shop a brand if they can trade in old apparel there [4]

62% of consumers say seeing an item on a model of a similar size would make them more likely to buy secondhand [4]

56% of younger consumers say finding unique items is a top reason to shop secondhand [4]

49% of younger consumers say apparel quality is a barrier to buying secondhand [4]

45% of younger consumers say hygiene or cleanliness concerns are a barrier to buying secondhand [4]

36% of younger consumers say fit uncertainty is a barrier to buying secondhand [4]

72% of retail executives say they expect consumers to spend more on secondhand apparel in 2024 [4]

58% of retail executives say a resale program can help acquire new customers [4]

47% of U.S. consumers say they are interested in renting clothes [5]

17% of U.S. consumers say they are very interested in renting clothes [5]

30% of U.S. consumers say they are somewhat interested in renting clothes [5]

The global online clothing rental market was valued at USD 1.12 billion in 2023 [6]

The global online clothing rental market is expected to grow at a CAGR of 10.3% from 2024 to 2030 [6]

The U.S. online clothing rental market held more than 91% share of the North America market in 2023 [6]

The women segment accounted for a revenue share of more than 57% in the online clothing rental market in 2023 [6]

The business-to-consumer segment accounted for over 57% of online clothing rental market revenue in 2023 [6]

The global apparel rental market size was valued at USD 4.9 billion in 2024 [7]

The global apparel rental market is projected to reach USD 9.4 billion by 2034 [7]

The apparel rental market is expected to expand at a CAGR of 6.77% from 2025 to 2034 [7]

North America accounted for 38% of the apparel rental market in 2024 [7]

Asia Pacific is expected to grow at a CAGR of 7.91% in the apparel rental market from 2025 to 2034 [7]

The global online clothing rental market size was estimated at USD 1.77 billion in 2024 [8]

The online clothing rental market is expected to grow from USD 1.94 billion in 2025 to USD 4.44 billion by 2034 [8]

The online clothing rental market is expected to register a CAGR of 9.65% during 2025-2034 [8]

The global apparel rental market size was valued at USD 6.2 billion in 2023 [9]

The apparel rental market is projected to grow from USD 6.47 billion in 2024 to USD 11.67 billion by 2032 [9]

The apparel rental market is expected to exhibit a CAGR of 7.65% during 2024-2032 [9]

North America dominated the apparel rental market with a market share of 36.93% in 2023 [9]

The women segment held a market share of 59.84% in the apparel rental market in 2023 [9]

The business-to-consumer segment accounted for 69.95% of the apparel rental market in 2023 [9]

The online segment accounted for 59.92% of the apparel rental market in 2023 [9]

The global clothing rental market was valued at USD 1.58 billion in 2023 [10]

The clothing rental market is projected to reach USD 2.48 billion by 2031 [10]

The clothing rental market is expected to grow at a CAGR of 5.80% from 2024 to 2031 [10]

The global online clothing rental market was valued at USD 1.26 billion in 2023 [11]

The online clothing rental market is projected to reach USD 2.43 billion by 2032 [11]

The online clothing rental market is expected to grow at a CAGR of 7.6% from 2024 to 2032 [11]

The global clothing rental platform market size was valued at USD 1.55 billion in 2023 [12]

The clothing rental platform market is projected to reach USD 2.79 billion by 2031 [12]

The clothing rental platform market is expected to grow at a CAGR of 7.6% during 2024 to 2031 [12]

The global apparel rental market was valued at USD 5.64 billion in 2022 [13]

The UK rental market could grow to £923 million by 2029 [14]

The UK rental market could rise from £75 million in 2022 to £923 million in 2029 [14]

Rental represented 2.2% of UK online womenswear occasionwear sales in 2022 [14]

UK rental is forecast to represent 21.2% of online womenswear occasionwear sales by 2029 [14]

In 2029, 98% of the UK rental market is expected to be occasionwear [14]

In 2029, 2% of the UK rental market is expected to be everyday wear [14]

North America dominated the apparel rental market with 40% revenue share in 2024 [7]

The formal segment held the biggest share of the apparel rental market in 2024, at 47% [7]

The women segment captured 60% of the apparel rental market in 2024 [7]

The standalone model segment accounted for 66% of the apparel rental market in 2024 [7]

The offline distribution channel contributed more than 55% of the apparel rental market share in 2024 [7]

Asia Pacific is projected to grow at the fastest CAGR of 7.91% in apparel rental through 2034 [7]

In the online clothing rental market, North America accounted for 43.80% share in 2023 [8]

In the online clothing rental market, Europe accounted for 29.20% share in 2023 [8]

In the online clothing rental market, Asia-Pacific accounted for 18.40% share in 2023 [8]

In the online clothing rental market, South America accounted for 5.70% share in 2023 [8]

In the online clothing rental market, Middle East and Africa accounted for 2.90% share in 2023 [8]

The casual wear segment dominated the online clothing rental market in 2023 [8]

The women segment dominated the online clothing rental market in 2023 [8]

The peer-to-peer segment dominated the online clothing rental market in 2023 [8]

In the apparel rental market, formal wear held 52.32% share in 2023 [9]

In the apparel rental market, standalone stores held 56.90% share in 2023 [9]

In the apparel rental market, offline stores held 40.08% share in 2023 [9]

In the apparel rental market, Europe is expected to grow at a CAGR of 8.37% from 2024 to 2032 [9]

The formal wear segment accounted for 53.64% of the clothing rental market in 2023 [10]

The women segment accounted for 61.27% of the clothing rental market in 2023 [10]

The business-to-consumer segment accounted for 58.91% of the clothing rental market in 2023 [10]

North America accounted for 39.84% of the clothing rental market in 2023 [10]

The Asia Pacific clothing rental market is projected to grow at a CAGR of 6.9% from 2024 to 2031 [10]

The global resale market is expected to reach $350 billion by 2028 [4]

The U.S. secondhand apparel market is expected to reach $73 billion by 2028 [4]

The global secondhand apparel market is expected to reach $230 billion by 2028 [4]

The U.S. secondhand apparel market grew 11% in 2023 [4]

The global secondhand apparel market grew 18% in 2023 [4]

Online resale is expected to nearly double by 2028 [4]

The fashion industry is responsible for 10% of annual global carbon emissions [15]

The fashion industry uses 93 billion cubic meters of water per year [15]

One garbage truck of textiles is landfilled or incinerated every second [15]

87% of fibers used for clothing are ultimately incinerated or disposed of in landfill [16]

Less than 1% of clothing material is recycled into new clothing [16]

Clothing utilization has decreased by 36% compared to 15 years ago [16]

More than USD 500 billion of value is lost every year due to clothing underutilization and lack of recycling [16]

The average number of times a garment is worn has decreased by around 36% in the last 15 years [17]

Extending the active life of clothes by an extra 9 months can reduce carbon, water and waste footprints by around 20-30% each [17]

Producing a cotton shirt requires about 2,700 liters of water [18]

Producing a pair of jeans requires about 7,500 liters of water [18]

Clothing production doubled between 2000 and 2014 [19]

The average consumer buys 60% more items of clothing than 15 years ago [19]

The average garment is kept for half as long as it was 15 years ago [19]

The fashion industry produces 20% of global wastewater [19]

The fashion industry is responsible for 8-10% of global carbon emissions [19]

Textile dyeing is the second largest polluter of water globally [19]

Washing clothes releases 500,000 tons of microfibers into the ocean every year [19]

Textiles account for approximately 9% of annual microplastic losses to the oceans [20]

Textiles in the EU consumed 1.3 tonnes of raw materials and 104 m3 of water per person in 2020 [21]

Textile consumption in the EU generated about 270 kg of CO2 emissions per person in 2020 [21]

The average EU citizen purchased 19 kg of clothing, footwear and household textiles in 2022 [22]

About 16 kg of post-consumer textile waste per person was generated in the EU in 2022 [22]

Only about 4.4 kg of post-consumer textiles per person were collected separately in the EU in 2022 [22]

Around 85% of all textiles generated in the U.S. in 2018 were landfilled or burned [23]

In 2018, 11.3 million tons of textiles were landfilled in the U.S. [23]

In 2018, the recycling rate for textiles in the U.S. was 14.7% [23]

In 2018, textiles accounted for 7.7% of total landfilled municipal solid waste in the U.S. [23]

Buying used instead of new can reduce an item's carbon footprint by 82% [4]

Extending the life of an item by just 9 months can reduce its carbon, water and waste footprints by 20-30% [4]

Renting one dress instead of buying new can save 16 kg of CO2 [24]

2.5 billion items of apparel are expected to be bought secondhand in 2024 [4]