Furniture Rental Service Market size was valued at USD 2.4 Billion in 2024 and is projected to reach USD 5.6 Billion by 2033, exhibiting a CAGR of 10.2% from 2026 to 2033.
The global furniture rental service market was valued at approximately USD 73.19 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. This growth is driven by increasing urban migration, rising demand for flexible living solutions, and a growing preference among millennials and Gen Z for subscription based services over traditional ownership. The market is witnessing robust demand in residential sectors, especially among young professionals and students seeking affordable, short term furnishing options. The shift toward sustainable consumption patterns and the rapid expansion of e commerce platforms offering rental solutions have also significantly contributed to market growth. North America held a notable share in 2022, driven by urban lifestyles and the gig economy, while Asia Pacific emerged as the fastest growing region due to increasing digital penetration, rising disposable income, and the rapid expansion of metropolitan cities in countries like India and China.
Regionally, North America accounted for approximately USD 22.6 billion of the total market share in 2022, owing to high adoption in the U.S. and Canada. Europe followed closely, contributing nearly USD 18.3 billion, supported by sustainable consumer behavior and expanding student populations in countries such as Germany and the UK. Asia Pacific, with a market size of USD 17.9 billion in 2022, is expected to witness the highest CAGR of over 8.2% during the forecast period due to increasing awareness and demand in developing economies. Latin America and the Middle East & Africa collectively accounted for USD 14.3 billion, with gradual adoption in urban centers. Growth opportunities in the market lie in digital transformation of service platforms, integration of AI and IoT for personalized offerings, and rising demand for subscription based models in emerging economies. The continued shift toward circular economy practices further opens avenues for innovation in rental based business models across regions.
Get | Download Sample Copy with TOC, Graphs & List of Figures @ http://verifiedmarketreports.com/download-sample/?rid=549088&utm_source=Pulse_G_April&utm_medium=212
Â
Homat
Aaron's
Rent-A-Center
Feather
Brook Furniture Rental
The Everset
Fernish
CORT Furniture Rental
Luxe modern Rentals
Rentomojo
Fashion Furniture Rentals
Oliver Space
Inhabitr
CasaOne
AFR Furniture Rental
Â
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase Of This Report @ https://www.verifiedmarketreports.com/ask-for-discount/?rid=549088&utm_source=Pulse_G_April&utm_medium=212
Growing demand for below applications around the world has had a direct impact on the growth of the Global Furniture Rental Service Market
Residential Furniture
Office Furniture
Outdoor Furniture
Event Furniture
Individuals
Corporate/Businesses
Hospitality Sector
Educational Institutions
Short-term Rental
Long-term Rental
Subscription-based
One-time Payment
Pay-per-use
Online
Offline
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ https://www.verifiedmarketreports.com/product/furniture-rental-service-market/
1. Introduction of the Global Furniture Rental Service Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Furniture Rental Service Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Furniture Rental Service Market, By Type
6. Global Furniture Rental Service Market, By Application
7. Global Furniture Rental Service Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Furniture Rental Service Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Research and Consulting firm servicing over 5000+ US clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/