Furniture Rental Market by End Use (Residential and Commercial), Material (Wood, Metal, Glass, Plastic, and Others), and Distribution Channel (E-commerce and Brick-and-mortar): Global Opportunity Analysis and Industry Forecast, 2018–2025
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May 2020 |
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The concept of furniture rental is primarily providing furniture to consumers on rent, instead of purchasing it. With the ongoing trends and evolution of design and styles, consumers no longer prefer permanent ownership of products, goods, and commodities. Owing to fewer maintenance expenses and lower price of the furniture, rental practice has proven to be beneficial for consumers.
Surge in housing population across the globe is the key factor that boost the growth of the global furniture rental market. In addition, rise in number of employers incorporating furniture on rental basis in their corporate policies is a primary factor accountable for growth of this market. With the e-commerce sector witnessing significant growth due to increase in number of internet subscribers and rise in smartphone penetration, the process of renting furniture has become more convenient and economical for people. Several online channels are available, which offer numerous choices and hassle-free door-step delivery. These factors in turn drive the growth of the furniture rental market, encouraging consumers to buy products with convenience.
Furthermore, rise in disposable income with reduced expenses of rented furniture is anticipated to accelerate the growth of furniture rental market. The soaring trend of rented apartments due to increase in number of working population expanding into urban regions with demands for aesthetically appealing furniture is expected to supplement the growth of the furniture rental market.
Owing to globalization, large number of people relocate for shorter durations, thereby increasing the preference for rented furniture over permanent ownership. This trend has a positive effect on the rental furniture market globally. Renting furniture fundamentally saves consumers’ money, which acts as a crucial aspect in the growth of this market.
However, lack of awareness regarding this market among the masses and managing complex bookings constrain the growth. In addition, maintaining furniture and delivering customer service can be challenging to the furniture rental market.
The market is segmented based on material (wood, metal, glass, plastic, and others), end use (residential and commercial), distribution channel (E-commerce and brick-and-mortar), and region (North America, Europe, Asia-Pacific, and LAMEA.
The material segment is bifurcated into wood, metal, glass, plastic, and others segment consists of leather and rubber.
The end use segment is classified into commercial and residential. The residential segment is further classified into kitchen and dining, living room and bedroom, outdoor, and others.
The distribution channel is segmented into online and offline. Geographically, the rental market is segmented into North America, Europe, Asia-Pacific, Middle East and LAMEA
The major players in the furniture rental market are Furlenco, Cityfurnish, Rentomojo, Brook furniture rental, Cort, Luxe Modern Rentals, In-lease, The Lounge, Athoor, and Asia Furniture Rental.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the current trends, estimations, and dynamics of the global furniture rental market size to identify the prevailing market opportunities.
- The key countries in all the major regions are mapped based on their market shares.
- Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
- A comprehensive analysis of factors that drive and restrict the growth of the furniture market is provided.
- An in-depth analysis of the global furniture rental market helps determine the prevailing market opportunities.
- The report includes details of the analysis of the regional and global markets, key players, market segments, application areas, and growth strategies.
Furniture rental key market segments:
By Material
- Wood
- Plastic
- Metal
- Glass
- Others
By End Use
- Commercial
- Residential
By Distribution channel
- E commerce
- Brick & Mortar
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- France
- UK
- Germany
- Spain
- Rest of Europe
- Asia-Pacific
- India
- China
- Australia
- Japan
- Rest of Asia-pacific
- LAMEA
- Turkey
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key players include
- Furlenco
- Cityfurnish
- Rentomojo
- Brook Furniture Rental
- Cort
- Luxe Modern Rentals
- In-lease
- The Lounge
- Athoor
- Asia Furniture Rental
CHAPTER 1: INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY MARKET SEGMENTS
1.3. KEY BENEFITS
1.4. RESEARCH METHODOLOGY
1.4.1. Primary research
1.4.2. Secondary research
1.4.3. Analyst tools and models
CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE
CHAPTER 3: MARKET LANDSCAPE
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. PORTER'S FIVE FORCES ANALYSIS
3.3.1. Bargaining power of suppliers
3.3.2. Threat of new entrants
3.3.3. Threat of substitutes
3.3.4. Competitive rivalry
3.3.5. Bargaining power among buyers
3.4. MARKET SHARE ANALYSIS/TOP PLAYER POSITIONING
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities
CHAPTER 4: FURNITURE RENTAL MARKET BY END USE
4.1. OVERVIEW
4.2. RESIDENTIAL
4.2.1. Key market trends, Growth factors and opportunities
4.2.2. Market size and forecast by region
4.2.3. Market analysis by country
4.3. COMMERCIAL
4.3.1. Key market trends, Growth factors and opportunities
4.3.2. Market size and forecast by region
4.3.3. Market analysis by country
CHAPTER 5: FURNITURE RENTAL MARKET BY MATERIAL
5.1. OVERVIEW
5.2. WOOD
5.2.1. Key market trends, Growth factors and opportunities
5.2.2. Market size and forecast by region
5.2.3. Market analysis by country
5.3. METAL
5.3.1. Key market trends, Growth factors and opportunities
5.3.2. Market size and forecast by region
5.3.3. Market analysis by country
5.4. GLASS
5.4.1. Key market trends, Growth factors and opportunities
5.4.2. Market size and forecast by region
5.4.3. Market analysis by country
5.5. PLASTIC
5.5.1. Key market trends, Growth factors and opportunities
5.5.2. Market size and forecast by region
5.5.3. Market analysis by country
5.6. OTHERS
5.6.1. Key market trends, Growth factors and opportunities
5.6.2. Market size and forecast by region
5.6.3. Market analysis by country
CHAPTER 6: FURNITURE RENTAL MARKET BY DISTRIBUTION CHANNEL
6.1. OVERVIEW
6.2. E COMMERCE
6.2.1. Key market trends, Growth factors and opportunities
6.2.2. Market size and forecast by region
6.2.3. Market analysis by country
6.3. BRICK AND MORTAR
6.3.1. Key market trends, Growth factors and opportunities
6.3.2. Market size and forecast by region
6.3.3. Market analysis by country
CHAPTER 7: FURNITURE RENTAL MARKET BY REGION
7.1. OVERVIEW
7.2. NORTH AMERICA
7.2.1. Key market trends and opportunities
7.2.2. Market size and forecast by End Use
7.2.3. Market size and forecast by Material
7.2.4. Market size and forecast by Distribution Channel
7.2.5. Market size and forecast by Country
7.2.6. U.S. FURNITURE RENTAL MARKET
7.2.6.1. Market size and forecast by End Use
7.2.6.2. Market size and forecast by Material
7.2.6.3. Market size and forecast by Distribution Channel
7.2.7. MEXICO FURNITURE RENTAL MARKET
7.2.7.1. Market size and forecast by End Use
7.2.7.2. Market size and forecast by Material
7.2.7.3. Market size and forecast by Distribution Channel
7.2.8. CANADA FURNITURE RENTAL MARKET
7.2.8.1. Market size and forecast by End Use
7.2.8.2. Market size and forecast by Material
7.2.8.3. Market size and forecast by Distribution Channel
7.3. ASIA PACIFIC
7.3.1. Key market trends and opportunities
7.3.2. Market size and forecast by End Use
7.3.3. Market size and forecast by Material
7.3.4. Market size and forecast by Distribution Channel
7.3.5. Market size and forecast by Country
7.3.6. INDIA FURNITURE RENTAL MARKET
7.3.6.1. Market size and forecast by End Use
7.3.6.2. Market size and forecast by Material
7.3.6.3. Market size and forecast by Distribution Channel
7.3.7. CHINA FURNITURE RENTAL MARKET
7.3.7.1. Market size and forecast by End Use
7.3.7.2. Market size and forecast by Material
7.3.7.3. Market size and forecast by Distribution Channel
7.3.8. JAPAN FURNITURE RENTAL MARKET
7.3.8.1. Market size and forecast by End Use
7.3.8.2. Market size and forecast by Material
7.3.8.3. Market size and forecast by Distribution Channel
7.3.9. AUSTRALIA FURNITURE RENTAL MARKET
7.3.9.1. Market size and forecast by End Use
7.3.9.2. Market size and forecast by Material
7.3.9.3. Market size and forecast by Distribution Channel
7.3.10. REST OF ASIA PACIFIC FURNITURE RENTAL MARKET
7.3.10.1. Market size and forecast by End Use
7.3.10.2. Market size and forecast by Material
7.3.10.3. Market size and forecast by Distribution Channel
7.4. EUROPE
7.4.1. Key market trends and opportunities
7.4.2. Market size and forecast by End Use
7.4.3. Market size and forecast by Material
7.4.4. Market size and forecast by Distribution Channel
7.4.5. Market size and forecast by Country
7.4.6. UK FURNITURE RENTAL MARKET
7.4.6.1. Market size and forecast by End Use
7.4.6.2. Market size and forecast by Material
7.4.6.3. Market size and forecast by Distribution Channel
7.4.7. GERMANY FURNITURE RENTAL MARKET
7.4.7.1. Market size and forecast by End Use
7.4.7.2. Market size and forecast by Material
7.4.7.3. Market size and forecast by Distribution Channel
7.4.8. FRANCE FURNITURE RENTAL MARKET
7.4.8.1. Market size and forecast by End Use
7.4.8.2. Market size and forecast by Material
7.4.8.3. Market size and forecast by Distribution Channel
7.4.9. SPAIN FURNITURE RENTAL MARKET
7.4.9.1. Market size and forecast by End Use
7.4.9.2. Market size and forecast by Material
7.4.9.3. Market size and forecast by Distribution Channel
7.4.10. REST OF EUROPE FURNITURE RENTAL MARKET
7.4.10.1. Market size and forecast by End Use
7.4.10.2. Market size and forecast by Material
7.4.10.3. Market size and forecast by Distribution Channel
7.5. LAMEA
7.5.1. Key market trends and opportunities
7.5.2. Market size and forecast by End Use
7.5.3. Market size and forecast by Material
7.5.4. Market size and forecast by Distribution Channel
7.5.5. Market size and forecast by Country
7.5.6. TURKEY FURNITURE RENTAL MARKET
7.5.6.1. Market size and forecast by End Use
7.5.6.2. Market size and forecast by Material
7.5.6.3. Market size and forecast by Distribution Channel
7.5.7. BRAZIL FURNITURE RENTAL MARKET
7.5.7.1. Market size and forecast by End Use
7.5.7.2. Market size and forecast by Material
7.5.7.3. Market size and forecast by Distribution Channel
7.5.8. SOUTH AFRICA FURNITURE RENTAL MARKET
7.5.8.1. Market size and forecast by End Use
7.5.8.2. Market size and forecast by Material
7.5.8.3. Market size and forecast by Distribution Channel
7.5.9. SAUDI ARABIA FURNITURE RENTAL MARKET
7.5.9.1. Market size and forecast by End Use
7.5.9.2. Market size and forecast by Material
7.5.9.3. Market size and forecast by Distribution Channel
7.5.10. REST OF LAMEA FURNITURE RENTAL MARKET
7.5.10.1. Market size and forecast by End Use
7.5.10.2. Market size and forecast by Material
7.5.10.3. Market size and forecast by Distribution Channel
CHAPTER 8: COMPANY PROFILES
8.1. FURLENCO
8.1.1. Company overview
8.1.2. Business performance
8.1.3. Key strategic moves and developments
8.2. CITYFURNISH
8.2.1. Company overview
8.2.2. Business performance
8.2.3. Key strategic moves and developments
8.3. RENTOMOJO
8.3.1. Company overview
8.3.2. Business performance
8.3.3. Key strategic moves and developments
8.4. BROOK FURNITURE RENTAL
8.4.1. Company overview
8.4.2. Business performance
8.4.3. Key strategic moves and developments
8.5. CORT
8.5.1. Company overview
8.5.2. Business performance
8.5.3. Key strategic moves and developments
8.6. LUXE MODERN RENTALS
8.6.1. Company overview
8.6.2. Business performance
8.6.3. Key strategic moves and developments
8.7. IN-LEASE
8.7.1. Company overview
8.7.2. Business performance
8.7.3. Key strategic moves and developments
8.8. THE LOUNGE
8.8.1. Company overview
8.8.2. Business performance
8.8.3. Key strategic moves and developments
8.9. ATHOOR
8.9.1. Company overview
8.9.2. Business performance
8.9.3. Key strategic moves and developments
8.10. ASIA FURNITURE RENTAL
8.10.1. Company overview
8.10.2. Business performance
8.10.3. Key strategic moves and developments
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