The household expenditure on clothing rent in Japan is forecasted to grow steadily from 2024 to 2028, with values increasing from 1.37 to 1.49 thousand Japanese Yens. This represents a consistent yearly increase of approximately 2.2%. In 2023, the expenditure stood notably lower, marking an upward trend. The Compound Annual Growth Rate (CAGR) forecast over this five-year period suggests a moderate rise in expenditure reflecting a broader acceptance and adoption of clothing rental services.
Future trends to watch for include:
- Increased consumer interest in sustainable and eco-friendly fashion choices favoring rental over ownership.
- Potential market expansion driven by technological advancements in rental platforms and services.
- Potential external economic factors impacting disposable income which may affect rental spending patterns.