Furniture Rental Market, Furniture Rental Market Size, Furniture Rental Market Trends, Furniture Rental Market Forecast, Furniture Rental Market Risks, Furniture Rental Market Report, Furniture Rental Market Share

According to a new report published by xResearch, titled, “Furniture Rental Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global furniture rental market size is anticipated to witness single digit growth during the forecast period i.e. 2022-2030.

 

Factors such as the rising student community across different regions, the increasing inclination of people towards rental furniture due to its cost effectiveness, the growing unevenness related to the settlement of people around the world and the proliferating businesses across the globe are among the predominant factors driving the growth of the global furniture rental market.

 

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According to furniture type, the commercial segment dominated in the global furniture rental market in 2021 and is expected to further continue with the trend during the forecast period. The domestic segment also accounted for a substantial portion of the overall share in the global market in 2021. The bed sub-segment led the market in 2021 and is projected to further continue leading the market throughout the forecast period. According to tenure, the 1-2 year segment held the largest share in the market in 2021 and is predicted to maintain the trend over the forecast period. The growth of the segment can be attributed to the growing number of youngsters and students preferring the 1-2 year tenure for their education or work purposes.

 

The North American region led the global furniture rental market in 2021 and is anticipated to further continue to remain at the top in the market during the forecast period. The Asia-Pacific region accounted for the second largest share in the global furniture rental market in 2021 and is expected to further grow at a robust growth rate during the forecast period of 2022-2030.

 

Some of the major furniture rental companies profiled in the report include Asia Furniture Rental, Feather, Furlenco, Rentmojo Churchill, Arenson, In-Lease, The Lounge, Athoor and Jmt.

 

The global furniture rental market is segmented into furniture type, material, distribution channel, business model, tenure and region. Based on furniture type, the market is bifurcated into domestic and commercial. The domestic segment is further categorized into sofa, bed, wardrobe, dining table and others. The commercial segment is further categorized into tables, overhead bins, systems, storage units and others. Based on material, it is classified into leather, plastic, wood, metal, glass and others.  Based on distribution channel, it is classified into online stores and offline stores. Based on business model, it is classified into self-inventory, tie-up with various vendor and verified vendor. Based on tenure, it is classified into less than 1 year, 1-2 year, over 2 years and others.

 

The global furniture rental market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Furniture Rental Market

  • On the basis of furniture type, the commercial segment dominated in the global furniture rental market in 2021 and is expected to further continue with the trend during the forecast period.
  • On the basis of tenure, the 1-2 year segment held the largest share in the market in 2021 and is predicted to maintain the trend over the forecast period.
  • On the basis of region, the North American region led the global furniture rental market in 2021 and is anticipated to further continue to remain at the top in the market during the forecast period.
  • On the basis of region, the Asia-Pacific region accounted for the second largest share in the global furniture rental market in 2021 and is expected to further grow at a robust growth rate during the forecast period of 2022-2030.

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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