![Furniture Rental Service Market](https://www.skyquestt.com/assets/frontend/images/upcoming_reports_cover_image.jpg)
Report ID: UCMIG25S2019
Report ID:
UCMIG25S2019 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2022, the global furniture rental service market was valued at $72.50 billion. It is expected to experience substantial growth, with a projected increase to $77.81 billion in 2023 and a further rise to $142.91 billion by 2030, indicating a compound annual growth rate (CAGR) of 9.07% during the forecast period. The primary users of rented furniture items are households seeking to meet their interior decor needs, while students opt for affordable rented chairs and tables for their co-living study spaces. The emergence of new online furniture rental platforms like CORT, INHABITER, and others is anticipated to significantly boost the demand for these services worldwide. For instance, Furlenco, an online furniture rental platform based in Bengaluru, India, offers subscription-based solutions for rented chairs, tables, and other furnishings to cater to the interior design requirements of Indian households.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Specialized Consumer Services by segment aggregation, the contribution of the Specialized Consumer Services in Consumer Services and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25S2019