Furniture Rental Market Segmentation:
Product (Bed, Sofa & Couch, Table & Desks, Chairs & Stools, Wardrobe & Dressers, Others (Ottomans, Kitchen Islands, Nightstands, Storage Benches))
Bed segment is anticipated to hold over 31.6% furniture rental market share by the end of 2035. The high prices of beds are major reasons why individuals are opting for rental options to cut upfront investment costs. Also, homeownership is increasingly becoming unaffordable due to high property prices and mortgage rates. This is making individuals moving to urban cities in search of jobs or education opt for the more viable option of renting. This factor is also directly augmenting the demand for cost-effective furniture rental solutions including beds.
Material (Wood, Metal, Plastic, Glass, Others (Vinyl, Leather))
By the end of 2035, wood segment is set to hold over 39.1% furniture rental market share. Wood rental furniture is often opted by end users due to its durability, strength, and natural aesthetics. Today, modern wood-based furniture can be easily assembled at the location into a finished product. This ease appeals to consumers as the furniture is delivered and set up quickly. Also, the home office trend is augmenting the demand for rental wooden furniture products such as chairs, tables, shelves, and cabinets, as individuals can set up a professional home office with limited upfront costs. China, India, Malaysia, and Vietnam are some of the lucrative marketplaces for wooden rental furniture, as consumers in these countries widely opt for wooden furniture compared to other materials.
Our in-depth analysis of the global furniture rental market includes the following segments:
|
Product |
|
|
Material |
|
|
Application |
|
