Rental apparel market growth rate in the Americas 2020-2026

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.