Global Furniture Rental Services Market Report

The global demand for Furniture Rental Services Market is presumed to reach the market size of nearly USD 167.55 BN by 2030 from USD 73.23 BN in 2022 with a CAGR of 10.9% under the study period 2023 - 2030.

Furniture rental services provide a temporary solution for individuals, businesses, or events to access furniture without the need for a long-term commitment. Instead of purchasing furniture outright, customers can rent furniture for a specified period, whether it's for a short-term stay, a special event, or as a flexible furnishing option for businesses.

Market Dynamics

The Furniture rental services market is propelled by changing lifestyles marked by increased mobility and short-term living arrangements, creating a demand for flexible and adaptable furnishing solutions. Businesses undergoing relocations and temporary assignments find value in the convenience and cost-efficiency of furniture rental services. The event planning and hospitality industries also contribute to the market's growth, relying on rental services to furnish venues for various occasions. Financial flexibility, with the elimination of upfront costs, makes furniture rental an attractive option for individuals and businesses managing budgets. Sustainability concerns drive the popularity of furniture rental, aligning with a more environmentally conscious approach by extending the lifecycle of furnishings. The convenience provided by e-commerce platforms and the availability of customizable options contribute to the market's accessibility and appeal. Overall, the Furniture rental services market addresses the dynamic needs of consumers and businesses, offering practical, cost-effective, and sustainable solutions for temporary furnishing requirements.

The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of furniture rental services. The growth and trends of furniture rental services industry provide a holistic approach to this study. 

Market Segmentation

This section of the furniture rental services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities. 

By Material

• Wood
• Metal
• Plastic
• Glass
• Others

By Application

• Commercial
• Residential

Regional Analysis

This section covers the regional outlook, which accentuates current and future demand for the Furniture Rental Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.

Global Furniture Rental Services Market Share by Region (Representative Graph)

The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Furniture Rental Services market include Feather (U.S.), Aaron’s LLC (U.S.), Rent-A-Center (U.S.), Brook Furniture Rental Inc. (U.S.), The Everset (U.S.), Fernished Inc. (U.S,) Furlenco (India), RentoMojo (Edunetwork Pvt. Ltd.) (India), Luxe Modern Rentals (Canada), Fashion Furniture Rental (U.S.). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.