Fully Furnished Commodity House Market was valued at USD 45 Billion in 2022 and is projected to reach USD 75 Billion by 2030, growing at a CAGR of 7.9% from 2024 to 2030.
The Fully Furnished Commodity House Market is a growing sector within the real estate industry, driven by the increasing demand for convenient and ready-to-move-in properties. The market is segmented by application, encompassing residential, commercial, and other specialty properties that cater to both individual and corporate clients. These properties come equipped with essential furnishings, making them ideal for people who value convenience and a hassle-free move-in experience. This segment is particularly relevant in metropolitan areas where the demand for fully furnished homes is high, driven by the fast-paced urban lifestyle, growing mobility, and the increasing need for short-term and long-term rental solutions.
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The application of fully furnished commodity houses is diverse, with two primary subsegments: "Rent" and "Sell." These two segments cater to different types of customers, ranging from those looking for temporary accommodations to individuals and families seeking permanent residences.
Rent: The rent subsegment of the fully furnished commodity house market primarily serves individuals and businesses looking for temporary living spaces with minimal hassle. This category is often popular among expatriates, tourists, and business professionals who need accommodation for a short duration. Fully furnished rental properties offer a range of amenities, including furniture, appliances, and utilities, providing a convenient living arrangement without the need for buyers to invest in individual furnishings. In cities with high mobility rates, rental demand is consistently strong as people move in and out frequently. The rent segment is expected to grow significantly, driven by the rising trend of short-term and vacation rentals, as well as the increasing popularity of co-living spaces.
Sell: The sell subsegment targets long-term buyers who are looking for permanent residences with fully furnished properties. This segment caters to both individuals and families seeking ready-to-move-in homes that are fully equipped with furniture and other essentials. The growing middle class, particularly in emerging markets, is driving the demand for affordable, fully furnished homes. This segment offers buyers the advantage of convenience, as they can move into a new home without the additional burden of purchasing furniture and appliances. The sell subsegment is expected to continue growing, particularly in urban areas where the demand for homes that require little investment in furniture is rising, especially among first-time homebuyers and young professionals.
One key trend in the fully furnished commodity house market is the shift toward short-term rentals and vacation homes, facilitated by platforms like Airbnb and Vrbo. This trend is especially evident in urban centers and tourist destinations, where demand for flexible living arrangements is high. Additionally, there is a growing preference for sustainable and eco-friendly furnishings in fully furnished homes. Homebuyers and renters alike are becoming more conscious of the environmental impact of their living spaces, leading developers to incorporate eco-friendly materials and energy-efficient appliances in their properties.
Another significant trend is the rise of co-living spaces and shared accommodation arrangements, particularly in cities with a large population of millennials and Gen Z. These spaces often feature fully furnished homes that allow for shared living with common areas while offering privacy in individual rooms. The flexibility of lease terms and the affordability of these spaces have made them popular in urban areas where living costs are high, but demand for affordable housing is also rising.
There are several opportunities within the fully furnished commodity house market. As the number of transient workers, expatriates, and digital nomads grows globally, there is a growing demand for fully furnished rental properties that cater to these mobile populations. Real estate developers and investors can capitalize on this trend by focusing on short-term rentals and vacation homes that meet the needs of these customers. Furthermore, technological advancements, such as smart home features, provide an opportunity to enhance the appeal of fully furnished properties by offering convenience and energy efficiency.
Additionally, with the rising number of dual-income households and single professionals, the demand for smaller, fully furnished homes, such as studio apartments and one-bedroom units, has been on the rise. This presents an opportunity for developers to design compact, efficient, and stylish homes that cater to the evolving needs of modern urban dwellers. Moreover, the increasing popularity of remote work and the search for more flexible living arrangements offer an opportunity for fully furnished homes to cater to individuals seeking longer-term stays, making it an attractive option for both rental and sale markets.
1. What is a fully furnished commodity house?
A fully furnished commodity house is a property that comes with all necessary furniture, appliances, and amenities for immediate occupancy, catering to both rental and sales markets.
2. How does the rent subsegment in this market differ from the sale subsegment?
The rent subsegment focuses on temporary accommodations with fully furnished properties for short-term stays, while the sale subsegment targets buyers seeking permanent residences with ready-to-move-in homes.
3. What are the main drivers of growth in the fully furnished commodity house market?
Key drivers include urbanization, the growing need for flexible living arrangements, and the increasing popularity of short-term rental platforms.
4. How has the rise of remote work impacted the market for fully furnished homes?
The rise of remote work has led to increased demand for fully furnished homes that cater to digital nomads and individuals seeking flexible, long-term living arrangements.
5. What are the key trends shaping the fully furnished commodity house market?
Key trends include the shift towards short-term rentals, the growth of co-living spaces, and the increasing demand for sustainable, eco-friendly furnishings.
6. What opportunities exist for real estate developers in this market?
Opportunities include catering to mobile populations through short-term rentals, incorporating smart home technology, and designing compact, affordable units for modern urban dwellers.
7. What are the benefits of renting a fully furnished house?
Renting a fully furnished house offers convenience, as tenants can move in immediately without needing to buy furniture or appliances.
8. What are the main challenges in the fully furnished commodity house market?
Challenges include fluctuating demand, rising real estate prices, and the need to maintain high-quality furnishings in rental properties.
9. How do co-living spaces fit into the fully furnished commodity house market?
Co-living spaces provide fully furnished, shared accommodation that offers flexible lease terms and an affordable housing solution for young professionals and students.
10. Are fully furnished homes more expensive to rent or buy compared to unfurnished homes?
Fully furnished homes may have higher rental or purchase costs due to the added value of furniture and amenities, but they offer greater convenience and reduce initial setup costs for tenants or buyers.
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Country Garden
Evergrande Group
CHINA VANKE CO.
LTD.
Poly Developments And Holdings Group Co.
Ltd.
Sunac China Holdings Limited
Seazen Holdings Co.
Ltd.
China Resources Land Ltd.
China Overseas Property Group Co.
Ltd.
Jiangsu Zhongnan Construction Group Co.
Ltd.
Yango Group Co.
Ltd.
Logan Group Company Limited
Midea Real Estate Holding Limited
Guangzhou R&F Properties Co.
Ltd.
Times Property Holding Limited.
Aoyuan Corporation (GROUP) Ltd.
Sinic Holdings (Group) Company Limited
Agile Group Holdings Limited
Greentown China Holdings Limited
Gemdale Corporation
Tahoe Group Co.
Ltd.
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Fully Furnished Commodity House Market
Rent
Sell
Based on Types the Market is categorized into Below types that held the largest Fully Furnished Commodity House market share In 2023.
Home Appliances
Kitchen System
Sanitary System
Global (United States, Global 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)
1. Introduction of the Global Fully Furnished Commodity House 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 Fully Furnished Commodity House Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Fully Furnished Commodity House Market, By Type
6. Global Fully Furnished Commodity House Market, By Application
7. Global Fully Furnished Commodity House Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Fully Furnished Commodity House Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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