TOP 20 CLOSET-SHARING ECONOMY GROWTH STATISTICS 2025

When I first started exploring closet-sharing platforms, I never thought I’d end up diving so deep into numbers and growth forecasts. But the more I researched, the more I realized how Closet-Sharing Economy Growth Statistics actually reflect shifts in our everyday choices—choices as small as lending out a dress or borrowing something for an occasion. It feels a little like how socks quietly complete an outfit: not flashy, but essential. Closet-sharing is becoming that quiet, essential part of the fashion world. And for me, these stats aren’t just numbers; they’re a reminder of how people like us are reshaping the way fashion is experienced.

Top 20 Closet-Sharing Economy Growth Statistics 2025 (Editor’s Choice)

 

 

Top 20 Closet-Sharing Economy Growth Statistics 2025

Closet-Sharing Economy Growth Statistics#1 Sharing Economy Revenue: US$15B To US$335B (2013–2025)

The sharing economy grew from $15 billion in 2013 and is expected to hit $335 billion by 2025. This sharp rise demonstrates the shift from ownership to access across multiple sectors. Closet-sharing platforms fit perfectly into this expanding ecosystem. The figures highlight how consumer behavior is increasingly favoring collaborative consumption. This backdrop provides a strong foundation for fashion rental platforms to thrive.

 

 

Closet-Sharing Economy Growth Statistics#2 Market Size Expansion Forecast: US$366.2B To US$1.4T (2024–2030)

From 2024 to 2030, the global sharing economy is forecast to quadruple, growing from $366.2 billion to $1.4 trillion. A compound annual growth rate of 24.8% indicates exceptional momentum. Closet-sharing platforms will ride this growth wave as part of the broader digital sharing sector. Such rapid expansion points to significant opportunities for entrepreneurs. Fashion sharing will be a natural beneficiary as more users embrace access-based services.

Closet-Sharing Economy Growth Statistics#3 Long-Term Market Outlook: US$300B To US$1.5T (2023–2032)

Between 2023 and 2032, the sharing economy is expected to increase fivefold. It will grow from $300 billion to $1.5 trillion. This long-term outlook shows that investor confidence in sharing platforms remains strong. Closet-sharing platforms will continue to gain traction under these conditions. The trend underlines how sustainability and cost-consciousness will shape consumer fashion habits.

Closet-Sharing Economy Growth Statistics#4 Market Value Projection: US$387.1B To US$827.1B (2022–2032)

By 2032, the market is projected to more than double, from $387.1 billion to $827.1 billion. This 7.7% CAGR represents solid, steady growth. Closet-sharing will benefit from a stable trajectory of consumer adoption. It shows that the sharing economy is not just a passing trend. Instead, it is becoming an embedded part of global commerce.

Closet-Sharing Economy Growth Statistics#5 Growth From 2024–2029: +US$1.1188T (32.3% CAGR)

From 2024 to 2029, the sharing economy is forecast to grow by $1.1 trillion. A CAGR of 32.3% represents explosive expansion. This opens massive opportunities for closet-sharing startups to scale quickly. It demonstrates the pace at which consumers are adapting to collaborative consumption. Fashion rentals and wardrobe sharing are expected to claim a larger share of this pie.

 

 

Closet-Sharing Economy Growth Statistics#6 Clothing Rental Revenue Rise: US$1.73B To US$1.91B (2024–2025)

The clothing rental market is expected to grow from $1.73 billion in 2024 to $1.91 billion in 2025. This one-year jump shows the fast uptake of fashion rentals globally. Consumers are embracing access to fashion without long-term ownership. Closet-sharing models directly reflect this transition. The steady growth signals greater mainstream adoption is on the horizon.

Closet-Sharing Economy Growth Statistics#7 Clothing Rental Growth: US$2.86B By 2029

By 2029, clothing rental revenues are expected to reach $2.86 billion. The CAGR of 10.7% suggests strong ongoing demand. This growth reflects increasing consumer trust in fashion sharing platforms. Closet-sharing allows users to experiment with styles without ownership. Such demand ensures that this sector will remain resilient in years to come.

Closet-Sharing Economy Growth Statistics#8 Circular Fashion Market: US$73B In 2019

In 2019, circular fashion models were valued at $73 billion. This includes resale, rental, and repair. Closet-sharing sits firmly within this growing circular economy. Consumers are increasingly prioritizing sustainable fashion options. This figure shows that fashion is one of the leaders in the global sustainability shift.

Closet-Sharing Economy Growth Statistics#9 Projected Rental Market Size: Over US$2B By 2025

By 2025, the online clothing rental market is projected to surpass $2 billion. This confirms a strong demand for short-term clothing access. Closet-sharing models will be central to this projected growth. Consumers prefer renting high-quality or luxury fashion without hefty costs. This forecast highlights the profitability of peer-to-peer wardrobe platforms.

Closet-Sharing Economy Growth Statistics#10 Carbon Footprint Reduction: –41% Per Cotton Dress

Renting clothing can reduce emissions by 41% per cotton dress. Closet-sharing therefore has a tangible environmental benefit. This statistic reinforces the value of rentals in sustainable fashion. Consumers concerned with climate change will increasingly support rental platforms. Closet-sharing platforms can use this data point to attract eco-conscious customers.

Closet-Sharing Economy Growth Statistics#11 User Income Potential: US$50K–US$200K Per Year

Some users renting out their wardrobes can earn $50,000 to $200,000 annually. This highlights the personal financial benefits of closet-sharing. It demonstrates how individuals can turn underused clothes into income. Such potential is a strong incentive for user adoption. The stat shows that closet-sharing can be a lucrative side business.

Closet-Sharing Economy Growth Statistics#12 By Rotation Growth: 330K Users And 68K Listings

By Rotation has 330,000 users and 68,000 listed items in the UK. It has also expanded into the U.S. with thousands of garments. This reflects the growing global reach of closet-sharing platforms. Peer-to-peer clothing rentals are scaling faster than ever before. The figures indicate strong user demand and platform adoption.

Closet-Sharing Economy Growth Statistics#13 Future Rental Growth: US$2.28M To US$6.24B (2020s–2033)

The global online rental market is expected to grow from $2.28 million to $6.24 billion by 2033. This demonstrates remarkable long-term growth potential. Closet-sharing will play a central role in driving these revenues. The stat underlines both consumer demand and business scalability. It also confirms that fashion rental platforms are moving into the mainstream.

 

 

Closet-Sharing Economy Growth Statistics#14 Platform Contributions: Tulerie, Rent The Runway, Nuw

Platforms like Tulerie, Rent the Runway, and Nuw drive closet-sharing growth. They collectively contribute to a $2 billion projected rental market. Their success showcases the scalability of fashion-sharing models. Closet-sharing adoption is becoming easier through diverse platform availability. The sector is being shaped by these pioneering companies.

Closet-Sharing Economy Growth Statistics#15 Unworn Clothes In EU Closets: 40% Dormant

An estimated 40% of clothes in European closets remain unworn. This stat highlights massive untapped closet-sharing potential. Closet-sharing can transform dormant items into revenue streams. It also supports sustainability by maximizing clothing usage. Such statistics prove the importance of wardrobe rental solutions.

Closet-Sharing Economy Growth Statistics#16 Rent The Runway Scale: 5.5M Members

Rent the Runway has reached 5.5 million members. This makes it one of the most successful fashion rental platforms globally. The figure showcases strong consumer trust in renting clothes. Closet-sharing at scale is now a proven business model. This milestone sets the benchmark for other rental platforms.

Closet-Sharing Economy Growth Statistics#17 Value Of Unworn US Clothing: US$8B

In the U.S., $8 billion worth of clothing remains unworn. Closet-sharing offers a way to unlock this dormant value. Consumers can earn money from underutilized wardrobes. This figure emphasizes the efficiency of rental models. It also reveals the enormous potential of the U.S. closet-sharing market.

Closet-Sharing Economy Growth Statistics#18 VC Investment In Sharing Platforms: US$23–24B Since 2010

Since 2010, venture capitalists have invested $23–24 billion in sharing platforms. This underlines strong investor belief in collaborative consumption. Closet-sharing businesses benefit from this funding environment. Capital injection supports scaling, innovation, and user growth. Investment trends validate closet-sharing as a sustainable business model.

Closet-Sharing Economy Growth Statistics#19 China’s Sharing Economy: CNY 3.83T (~US$555B) In 2022

China’s sharing economy reached CNY 3.83 trillion in 2022. This equals roughly $555 billion. Such growth demonstrates the potential of sharing markets in Asia. Closet-sharing will benefit from the overall sector’s expansion. China’s trajectory provides a blueprint for rapid adoption elsewhere.

 

 

Closet-Sharing Economy Growth Statistics#20 Emission Reductions Via Sharing: 77%–85% Lower GHG

Sharing platforms can reduce greenhouse gas emissions by 77% to 85%. Closet-sharing therefore plays a crucial environmental role. Lower emissions make wardrobe rentals attractive for eco-minded consumers. The stat reinforces the idea that closet-sharing is both practical and ethical. Sustainable impact will continue to fuel the sector’s popularity.

Wrapping Up the Closet-Sharing Story

Looking through these figures, I can’t help but feel hopeful. Closet-sharing isn’t just about clothes—it’s about reducing waste, finding joy in variety, and even unlocking unexpected income from the pieces we already own. Just as I’ve held onto a favorite pair of socks because of comfort and sentiment, I see many of us holding onto the values of sustainability and sharing. These statistics give me confidence that this shift isn’t temporary—it’s a movement. And I feel proud to be part of a time when fashion is learning to live lighter, together.

SOURCES

https://www.pwc.com/hu/en/kiadvanyok/assets/pdf/sharing-economy-en.pdf 

https://www.globenewswire.com/news-release/2025/04/24/3067614/28124/en/Sharing-Economy-Industry-to-Grow-by-US-1-Trillion-Reaching-US-1-4-Trillion-by-2030-Expansion-of-Collaborative-Consumption-Models-Drives-Adoption-in-Various-Sectors.html 

https://dataintelo.com/report/global-sharing-economy-market

https://www.alliedmarketresearch.com/sharing-economy-market-A230672 

https://www.technavio.com/report/sharing-economy-market-industry-analysis

https://www.thebusinessresearchcompany.com/report/online-clothing-rental-global-market-report

https://www.theguardian.com/lifeandstyle/2025/feb/18/rentadress-instagram-rent-out-wardrobe-feature

https://www.voguebusiness.com/companies/can-peer-to-peer-rental-scale-in-the-us

https://www.businessoffashion.com/articles/technology/will-the-sharing-economy-work-for-fashion-rent-the-runway-rental

https://www.bcg.com/publications/2017/strategy-accelerating-growth-consumer-products-hopping-aboard-sharing-economy