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Global Virtual Closet Market Research Report 2024
Synopsis
Virtual closet is a subscription service that will simplify online shopping and help keep your clothing organized. It will allow you to get instant fixes to wardrobe dilemmas and make outfit coordination easy.
Global Virtual Closet market is projected to reach US$ 410.6 million in 2029, increasing from US$ 281 million in 2022, with the CAGR of 6.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Virtual Closet market research.
The global virtual closet market refers to the market for digital platforms and applications that enable users to manage and organize their wardrobe virtually. A virtual closet allows individuals to keep track of their clothing items, create outfits, and plan their wardrobe without the need for physical storage space. The demand for virtual closet solutions has been growing due to several factors. Firstly, the increasing adoption of technology and smartphones has made it easier for individuals to access and use virtual closet applications. These apps often offer features such as barcode scanning, image recognition, and virtual clothing try-on, enhancing the user experience. Secondly, the rise of sustainable fashion and conscious consumerism has also contributed to the growth of the virtual closet market. People are becoming more aware of the environmental impact of fast fashion and are seeking ways to make the most of their existing wardrobe. Virtual closets allow users to explore different outfit combinations and maximize the use of their clothing items, reducing the need for constant new purchases. Thirdly, the convenience and organization provided by virtual closets are appealing to individuals with busy lifestyles. These platforms often offer features such as outfit suggestions, weather-based recommendations, and automatic sorting, making it easier for users to plan their outfits and stay organized. Additionally, virtual closets offer benefits to retailers and fashion brands. They can serve as a platform for personalized recommendations and targeted advertising, allowing brands to directly engage with customers and drive sales. Virtual closets also provide data insights on consumer preferences and trends, enabling brands to make informed decisions in their product offerings. The market for virtual closets is segmented based on the type of platform, end-users, and business models. Virtual closet platforms can be standalone mobile applications, web-based platforms, or integrated into existing fashion and e-commerce applications. End-users of virtual closets can range from individual consumers to fashion influencers, stylists, and retailers. These platforms cater to both personal and professional needs, from organizing personal wardrobes to creating content for fashion blogs or managing inventory for retail businesses. Business models in the virtual closet market can vary. Some platforms offer basic features for free while charging for premium features and additional services. Others may generate revenue through partnerships, advertising, or by acting as a marketplace for fashion brands and retailers. Geographically, North America and Europe are leading markets for virtual closets, driven by the high fashion-conscious population and advanced technology infrastructure in these regions. The Asia Pacific region is also witnessing growth, fueled by increasing smartphone penetration and the popularity of e-commerce. In conclusion, the global virtual closet market is experiencing growth due to factors such as increased smartphone usage, sustainability trends in fashion, and the need for convenience. As virtual closet platforms continue to evolve and offer innovative features, the market is expected to expand, providing individuals and businesses with enhanced wardrobe management solutions.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Virtual Closet market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Rent the Runway, Inc.
Stanley
IKEA
Sauder Woodworking
Dorel Industries
Molteni
Suofeiya
Oppein
Holike
Shangpin Home
Topstrong
Segment by Type
Finished Wardrobes
Customized Wardrobes
Segment by Application
Online Sales
Offline Sales
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Virtual Closet report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Virtual closet is a subscription service that will simplify online shopping and help keep your clothing organized. It will allow you to get instant fixes to wardrobe dilemmas and make outfit coordination easy.
Global Virtual Closet market is projected to reach US$ 410.6 million in 2029, increasing from US$ 281 million in 2022, with the CAGR of 6.4% during the period of 2023 to 2029. Influencing issues, such as economy environments, COVID-19 and Russia-Ukraine War, have led to great market fluctuations in the past few years and are considered comprehensively in the whole Virtual Closet market research.
The global virtual closet market refers to the market for digital platforms and applications that enable users to manage and organize their wardrobe virtually. A virtual closet allows individuals to keep track of their clothing items, create outfits, and plan their wardrobe without the need for physical storage space. The demand for virtual closet solutions has been growing due to several factors. Firstly, the increasing adoption of technology and smartphones has made it easier for individuals to access and use virtual closet applications. These apps often offer features such as barcode scanning, image recognition, and virtual clothing try-on, enhancing the user experience. Secondly, the rise of sustainable fashion and conscious consumerism has also contributed to the growth of the virtual closet market. People are becoming more aware of the environmental impact of fast fashion and are seeking ways to make the most of their existing wardrobe. Virtual closets allow users to explore different outfit combinations and maximize the use of their clothing items, reducing the need for constant new purchases. Thirdly, the convenience and organization provided by virtual closets are appealing to individuals with busy lifestyles. These platforms often offer features such as outfit suggestions, weather-based recommendations, and automatic sorting, making it easier for users to plan their outfits and stay organized. Additionally, virtual closets offer benefits to retailers and fashion brands. They can serve as a platform for personalized recommendations and targeted advertising, allowing brands to directly engage with customers and drive sales. Virtual closets also provide data insights on consumer preferences and trends, enabling brands to make informed decisions in their product offerings. The market for virtual closets is segmented based on the type of platform, end-users, and business models. Virtual closet platforms can be standalone mobile applications, web-based platforms, or integrated into existing fashion and e-commerce applications. End-users of virtual closets can range from individual consumers to fashion influencers, stylists, and retailers. These platforms cater to both personal and professional needs, from organizing personal wardrobes to creating content for fashion blogs or managing inventory for retail businesses. Business models in the virtual closet market can vary. Some platforms offer basic features for free while charging for premium features and additional services. Others may generate revenue through partnerships, advertising, or by acting as a marketplace for fashion brands and retailers. Geographically, North America and Europe are leading markets for virtual closets, driven by the high fashion-conscious population and advanced technology infrastructure in these regions. The Asia Pacific region is also witnessing growth, fueled by increasing smartphone penetration and the popularity of e-commerce. In conclusion, the global virtual closet market is experiencing growth due to factors such as increased smartphone usage, sustainability trends in fashion, and the need for convenience. As virtual closet platforms continue to evolve and offer innovative features, the market is expected to expand, providing individuals and businesses with enhanced wardrobe management solutions.
Report Scope
This report, based on historical analysis (2018-2022) and forecast calculation (2023-2029), aims to help readers to get a comprehensive understanding of global Virtual Closet market with multiple angles, which provides sufficient supports to readers’ strategy and decision making.
By Company
Rent the Runway, Inc.
Stanley
IKEA
Sauder Woodworking
Dorel Industries
Molteni
Suofeiya
Oppein
Holike
Shangpin Home
Topstrong
Segment by Type
Finished Wardrobes
Customized Wardrobes
Segment by Application
Online Sales
Offline Sales
By Region
North America
United States
Canada
Europe
Germany
France
UK
Italy
Russia
Nordic Countries
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
The Virtual Closet report covers below items:
Chapter 1: Product Basic Information (Definition, Type and Application)
Chapter 2: Global market size, regional market size. Market Opportunities and Challenges
Chapter 3: Companies’ Competition Patterns
Chapter 4: Product Type Analysis
Chapter 5: Product Application Analysis
Chapter 6 to 10: Country Level Value Analysis
Chapter 11: Companies’ Outline
Chapter 12: Market Conclusions
Chapter 13: Research Methodology and Data Source
Index1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Virtual Closet Market Size Growth Rate by Type: 2018 VS 2022 VS 2029
1.2.2 Finished Wardrobes
1.2.3 Customized Wardrobes
1.3 Market by Application
1.3.1 Global Virtual Closet Market Growth by Application: 2018 VS 2022 VS 2029
1.3.2 Online Sales
1.3.3 Offline Sales
1.4 Study Objectives
1.5 Years Considered
1.6 Years Considered
2 Global Growth Trends
2.1 Global Virtual Closet Market Perspective (2018-2029)
2.2 Virtual Closet Growth Trends by Region
2.2.1 Global Virtual Closet Market Size by Region: 2018 VS 2022 VS 2029
2.2.2 Virtual Closet Historic Market Size by Region (2018-2023)
2.2.3 Virtual Closet Forecasted Market Size by Region (2024-2029)
2.3 Virtual Closet Market Dynamics
2.3.1 Virtual Closet Industry Trends
2.3.2 Virtual Closet Market Drivers
2.3.3 Virtual Closet Market Challenges
2.3.4 Virtual Closet Market Restraints
3 Competition Landscape by Key Players
3.1 Global Top Virtual Closet Players by Revenue
3.1.1 Global Top Virtual Closet Players by Revenue (2018-2023)
3.1.2 Global Virtual Closet Revenue Market Share by Players (2018-2023)
3.2 Global Virtual Closet Market Share by Company Type (Tier 1, Tier 2, and Tier 3)
3.3 Players Covered: Ranking by Virtual Closet Revenue
3.4 Global Virtual Closet Market Concentration Ratio
3.4.1 Global Virtual Closet Market Concentration Ratio (CR5 and HHI)
3.4.2 Global Top 10 and Top 5 Companies by Virtual Closet Revenue in 2022
3.5 Virtual Closet Key Players Head office and Area Served
3.6 Key Players Virtual Closet Product Solution and Service
3.7 Date of Enter into Virtual Closet Market
3.8 Mergers & Acquisitions, Expansion Plans
4 Virtual Closet Breakdown Data by Type
4.1 Global Virtual Closet Historic Market Size by Type (2018-2023)
4.2 Global Virtual Closet Forecasted Market Size by Type (2024-2029)
5 Virtual Closet Breakdown Data by Application
5.1 Global Virtual Closet Historic Market Size by Application (2018-2023)
5.2 Global Virtual Closet Forecasted Market Size by Application (2024-2029)
6 North America
6.1 North America Virtual Closet Market Size (2018-2029)
6.2 North America Virtual Closet Market Growth Rate by Country: 2018 VS 2022 VS 2029
6.3 North America Virtual Closet Market Size by Country (2018-2023)
6.4 North America Virtual Closet Market Size by Country (2024-2029)
6.5 United States
6.6 Canada
7 Europe
7.1 Europe Virtual Closet Market Size (2018-2029)
7.2 Europe Virtual Closet Market Growth Rate by Country: 2018 VS 2022 VS 2029
7.3 Europe Virtual Closet Market Size by Country (2018-2023)
7.4 Europe Virtual Closet Market Size by Country (2024-2029)
7.5 Germany
7.6 France
7.7 U.K.
7.8 Italy
7.9 Russia
7.10 Nordic Countries
8 Asia-Pacific
8.1 Asia-Pacific Virtual Closet Market Size (2018-2029)
8.2 Asia-Pacific Virtual Closet Market Growth Rate by Region: 2018 VS 2022 VS 2029
8.3 Asia-Pacific Virtual Closet Market Size by Region (2018-2023)
8.4 Asia-Pacific Virtual Closet Market Size by Region (2024-2029)
8.5 China
8.6 Japan
8.7 South Korea
8.8 Southeast Asia
8.9 India
8.10 Australia
9 Latin America
9.1 Latin America Virtual Closet Market Size (2018-2029)
9.2 Latin America Virtual Closet Market Growth Rate by Country: 2018 VS 2022 VS 2029
9.3 Latin America Virtual Closet Market Size by Country (2018-2023)
9.4 Latin America Virtual Closet Market Size by Country (2024-2029)
9.5 Mexico
9.6 Brazil
10 Middle East & Africa
10.1 Middle East & Africa Virtual Closet Market Size (2018-2029)
10.2 Middle East & Africa Virtual Closet Market Growth Rate by Country: 2018 VS 2022 VS 2029
10.3 Middle East & Africa Virtual Closet Market Size by Country (2018-2023)
10.4 Middle East & Africa Virtual Closet Market Size by Country (2024-2029)
10.5 Turkey
10.6 Saudi Arabia
10.7 UAE
11 Key Players Profiles
11.1 Rent the Runway, Inc.
11.1.1 Rent the Runway, Inc. Company Detail
11.1.2 Rent the Runway, Inc. Business Overview
11.1.3 Rent the Runway, Inc. Virtual Closet Introduction
11.1.4 Rent the Runway, Inc. Revenue in Virtual Closet Business (2018-2023)
11.1.5 Rent the Runway, Inc. Recent Development
11.2 Stanley
11.2.1 Stanley Company Detail
11.2.2 Stanley Business Overview
11.2.3 Stanley Virtual Closet Introduction
11.2.4 Stanley Revenue in Virtual Closet Business (2018-2023)
11.2.5 Stanley Recent Development
11.3 IKEA
11.3.1 IKEA Company Detail
11.3.2 IKEA Business Overview
11.3.3 IKEA Virtual Closet Introduction
11.3.4 IKEA Revenue in Virtual Closet Business (2018-2023)
11.3.5 IKEA Recent Development
11.4 Sauder Woodworking
11.4.1 Sauder Woodworking Company Detail
11.4.2 Sauder Woodworking Business Overview
11.4.3 Sauder Woodworking Virtual Closet Introduction
11.4.4 Sauder Woodworking Revenue in Virtual Closet Business (2018-2023)
11.4.5 Sauder Woodworking Recent Development
11.5 Dorel Industries
11.5.1 Dorel Industries Company Detail
11.5.2 Dorel Industries Business Overview
11.5.3 Dorel Industries Virtual Closet Introduction
11.5.4 Dorel Industries Revenue in Virtual Closet Business (2018-2023)
11.5.5 Dorel Industries Recent Development
11.6 Molteni
11.6.1 Molteni Company Detail
11.6.2 Molteni Business Overview
11.6.3 Molteni Virtual Closet Introduction
11.6.4 Molteni Revenue in Virtual Closet Business (2018-2023)
11.6.5 Molteni Recent Development
11.7 Suofeiya
11.7.1 Suofeiya Company Detail
11.7.2 Suofeiya Business Overview
11.7.3 Suofeiya Virtual Closet Introduction
11.7.4 Suofeiya Revenue in Virtual Closet Business (2018-2023)
11.7.5 Suofeiya Recent Development
11.8 Oppein
11.8.1 Oppein Company Detail
11.8.2 Oppein Business Overview
11.8.3 Oppein Virtual Closet Introduction
11.8.4 Oppein Revenue in Virtual Closet Business (2018-2023)
11.8.5 Oppein Recent Development
11.9 Holike
11.9.1 Holike Company Detail
11.9.2 Holike Business Overview
11.9.3 Holike Virtual Closet Introduction
11.9.4 Holike Revenue in Virtual Closet Business (2018-2023)
11.9.5 Holike Recent Development
11.10 Shangpin Home
11.10.1 Shangpin Home Company Detail
11.10.2 Shangpin Home Business Overview
11.10.3 Shangpin Home Virtual Closet Introduction
11.10.4 Shangpin Home Revenue in Virtual Closet Business (2018-2023)
11.10.5 Shangpin Home Recent Development
11.11 Topstrong
11.11.1 Topstrong Company Detail
11.11.2 Topstrong Business Overview
11.11.3 Topstrong Virtual Closet Introduction
11.11.4 Topstrong Revenue in Virtual Closet Business (2018-2023)
11.11.5 Topstrong Recent Development
12 Analyst's Viewpoints/Conclusions
13 Appendix
13.1 Research Methodology
13.1.1 Methodology/Research Approach
13.1.2 Data Source
13.2 Disclaimer
13.3 Author Details
Published By : QY Research
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