Infinity Business Insights has introduced a new report entitled Global Furniture Rental Service Market 2023 by Manufacturers, Regions, Type and Application, Forecast to 2030 that defines the market size, market characteristics and focuses on key developments, major players, changing trends, and upcoming growth opportunities in the market. The report highlights the growing trend in the global Furniture Rental Service market. Comprehensive research of the entire global market and all its sub-segments through extensively detailed classification is included in this report.
The size of the worldwide furniture rental service market, estimated at USD 72.50 billion in 2022, is expected to increase by USD 142.91 billion by 2030, registering a CAGR of 9.07% throughout the forecast period from USD 77.81 billion in 2023.Within the larger market for consumer products and services, the furniture rental service market has grown as a vibrant and major subsegment. This sector is focused on giving short-term furniture solutions to people, companies, and organizations, providing a flexible and affordable substitute for traditional furniture ownership. A variety of demands, including those for home and business settings, temporary housing, festivals, and more, are catered to by furniture rental services. Due to changing consumer preferences, the expansion of the sharing economy, and the demand for practical and adaptable furnishing options, the industry has gained traction.
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Top Key players operating the global Furniture Rental Service Market:
Homat, Aaron's, Rent-A-Center, Feather, Brook Furniture Rental, The Everset, Fernish, CORT, Luxe modern Rentals, Rentomojo, Fashion Furniture Rentals, Oliver Space, Inhabitr, CasaOne
Furniture Rental Service Market, By Segmentation:
This Report Also Splits The Market By Region:
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Cumulative Impact of COVID-19 on Market:
We were monitoring the direct impact of covid-19 in this market, further to the indirect impact from different industries. This document analyzes the effect of the pandemic on the ### market from a international and nearby angle. The document outlines the marketplace size, marketplace traits, and market increase for Furniture Rental Service industry, categorised with the aid of using kind, utility, and patron sector. Further, it provides a complete evaluation of additives concerned in marketplace improvement in advance than and after the covid-19 pandemic. Report moreover done a pastel evaluation within the business enterprise to study key influencers and boundaries to entry.
Market Challenges and Risks:
Despite having a positive development trajectory, the furniture rental service market is not without its dangers and difficulties. Maintaining the standard and appearance of rented furniture to keep it sturdy and visually pleasing during several rental cycles is one of the key concerns. To solve this problem, it is essential to have effective cleaning, maintenance, and renovation procedures. Additionally, handling logistics, on-time delivery, and installations may be difficult, particularly for big events or corporate clients. Economic changes can have an impact on the market's profitability since during prosperous economic times, people may choose to buy conventional furniture. The operations of furniture rental businesses may also be impacted by regulatory issues, such as observing health and safety requirements, environmental legislation, and tenancy rules.
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Table of Content
Strategic Points Covered in Table of Content of Furniture Rental Service:
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