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Global Furniture Rental In-Depth Monitoring and Development Analysis Report 2023
The global Furniture Rental market size in 2022 is 51628.30 million US dollars, and it is expected to be 83447.65 million US dollars by 2029, with a compound annual growth rate of 7.10% expected in 2023-2029.
MARKET COMPETITIVE LANDSCAPE:
The main players in the Furniture Rental market include Furlenco, Feather, Rentomojo, Brook Furniture Rental, and Rent-A-Center. The share of the top 3 players in the Furniture Rental market is XX%.
REGION SHARE:
The report covers the market size information of North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and North America accounted for XX%, Europe accounted for XX% of Furniture Rental market, and Asia Pacific accounted for XX%.
SEGMENT OVERVIEW:
The report segments the market by Type and Application. Bed accounted for XX% of Furniture Rental market in 2022. Sofa & Couch share of XX%.
Residential accounted for XX% of the Furniture Rental market in 2022. Commercial accounts for XX%.
For competitive landscape, prominent players with considerable market shares are comprehensively analyzed in this report. With information regarding the concentration ratio and detailed data reflecting the market performance of each player shared, the readers can acquire a holistic view of the competitive situation and a better understanding of their competitors.
As the COVID-19 takes over the world, we are continuously tracking the changes in the markets. We analyzed the impact of the pandemic in detail, along with other key factors, such as macro-economy, regional conflicts, industry related news and policies. Meanwhile, market investment scenario, technology status and developments, supply chain challenges, among other essential research elements are all covered.
Key Factors Considered:
COVID-19
The report describes the market scenario during and post the pandemic in the vision of upstream, major market participants, downstream major customers, etc. Other aspects, such as changes in consumer behavior, demand, transport capacity, trade flow under COVID-19, have also been taken into consideration during the process of the research.
Regional Conflict / Russia-Ukraine War
The report also presents the impact of regional conflict on this market in an effort to aid the readers to understand how the market has been adversely influenced and how it”s going to evolve in the years to come.
Challenges & Opportunities
Factors that may help create opportunities and boost profits for market players, as well as challenges that may restrain or even pose a threat to the development of the players, are revealed in the report, which can shed a light on strategic decisions and implementation.
Market Trend:
Increasing Popularity: Furniture rental has gained significant popularity in recent years. Factors such as rising housing costs, transient lifestyles, and the growing preference for flexibility have contributed to the increased demand for furniture rental services.
Millennial and Gen Z Preferences: Younger generations, such as millennials and Gen Z, often prioritize experiences over ownership. They tend to have more mobile lifestyles and prefer flexible options. Furniture rental appeals to these demographics by offering convenience, flexibility, and the ability to adapt to changing needs.
Urbanization and Rental Market Growth: Urbanization has led to an increase in rental housing, particularly in cities where owning property can be expensive. Renters, who may have temporary or uncertain living arrangements, find furniture rental a practical option that eliminates the need for long-term investments in furniture.
Cost Savings and Affordability: Furniture rental allows individuals and businesses to access quality furniture without the high upfront costs associated with purchasing new furniture. It offers a more affordable alternative, especially for those on a budget or with limited financial resources.
Home Staging and Real Estate: Furniture rental plays a significant role in the real estate industry, particularly in home staging. When selling a property, real estate agents often rely on rented furniture to create an appealing and visually appealing environment that helps potential buyers envision themselves living in the space.
The Following is the Scope of Analysis Mainly Covered by Our Research on the Global {XX} Market:
Highlights-Regions
North America
United States
Canada
Asia Pacific
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Nordic
South America
Brazil
Argentina
Colombia
Mexico
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
Player list
Furlenco
Feather
Rentomojo
Brook Furniture Rental
Rent-A-Center
Luxe Modern Rentals
The Everest
Fernished Inc.
Athoor
Fashion Furniture Rental
Types list
Bed
Sofa & Couch
Table & Desks
Chairs & Stools
Wardrobe & Dressers
Others (Ottomans, Kitchen Islands, Nightstands, Storage Benches)
Application list
Residential
Commercial
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Global Furniture Rental In-Depth Monitoring and Development Analysis Report 2023
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