The global furniture rental market
is segmented into material such as leather, plastic, wood, metal and glass. Among
these segments, wood furniture rental segment is expected to occupy top
position in overall furniture rental market during the forecast period. Wide
availability of wooden rental furniture along with obtainability of cost
effective options is anticipated to trigger the growth of global wood furniture
rental market. Moreover, riding inclination of the consumers towards rental
furniture due to cost effectiveness is expected to intensify the growth of the furniture
rental market. However, leather furniture rental segment is expected to grow at
a remarkable CAGR during the forecast period.
Global furniture
rental market is expected to flourish at a considerable CAGR during
the forecast period. Moreover, the global furniture rental market is
anticipated to garner exponential sales by the end of the 2024. Rising
popularity of e-commerce coupled with robust expansion of e-retail companies all
over the globe is anticipated to be the dynamic factors behind the growth of
the furniture rental market.
The commercial use segment by type
is estimated to register a significant CAGR during the forecast period.
Moreover, the commercial use segment is expected to account for the largest
share of revenue across the globe. In addition to this, rising number of events
have fueled the demand for rental furniture which is projected to foster the
growth of commercial use segment during the forecast period. Apart from this, North America is projected to account
the largest market of furniture rental in the global furniture rental market.
Moreover, U.S. is the dominating country in this region.
Increasing
Popularity of Rental Furniture
Rising spending on rental
furniture along with growing adoption of rental furniture due to lower price
with reduced expense and maintenance is anticipated to positively impact the
growth of the furniture rental market. Moreover, factors such as growing number
of internet subscribers, increasing smartphone penetration and swift expansion
of e-commerce channels are anticipated to substantially impact the growth of
the furniture rental market.
Rapid
Urbanization
Expansion of urban region and
rising number of working population coupled with unevenness related to the
settlement is predicted to trigger the growth of the furniture rental market. Additionally,
rising trend for rented apartments along with availability of aesthetically
appealing and light weight rental furniture is also expected to fuel the growth
of the furniture rental market.
However, lack of awareness is
some of the factors that are likely to inhibit the growth of furniture rental
market during the forecast period. Moreover, maintaining furniture and
delivering amazing customer service is also projected to hamper the growth of
furniture rental market.
The report titled “Furniture
Rental Market: Global Demand
Analysis & Opportunity Outlook 2024” delivers detailed
overview of the global furniture rental market in terms of market segmentation by
material, by type, by distribution channel and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the global furniture
rental market which includes company profiling of CORT, Furlenco, Rentmojo, Churchill,
Brook, AFR, Arenson, and JMT. The
profiling enfolds key information of the companies which encompasses business
overview, products and services, key financials and recent news and
developments. On the whole, the report depicts detailed overview of the global furniture rental market
that will help industry consultants, equipment manufacturers, existing players
searching for expansion opportunities, new players searching possibilities and
other stakeholders to align their market centric strategies according to the
ongoing and expected trends in the future.
About Research
Nester
Research
Nester is a leading service provider for strategic market research and
consulting. We aim to provide unbiased, unparalleled market insights and
industry analysis to help industries, conglomerates and executives to take wise
decisions for their future marketing strategy, expansion and investment etc. We
believe every business can expand to its new horizon, provided a right guidance
at a right time is available through strategic minds. Our out of box thinking
helps our clients to take wise decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/furniture-rental-market-global-demand-analysis-opportunity-outlook-2024/295
Contact for more
Info:
Ajay
Daniel
U.S.
+1 646 586 9123
U.K.
+44 203 608 5919
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