Appliances Rental Market Size

Appliances Rental Market size was valued at USD 72.68 billion in 2024 and is likely to cross USD 299.22 billion by 2037, registering more than 11.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of appliances rental is assessed at USD 79.37 billion.

Over the past century, the growing demand for affordability, and the growth in the economic conditions, along with the continuously changing consumer lifestyle acts as a major growth driver for the rise in sharing the market. According to the World Economic Outlook, global growth will fall to 2.9% in 2023 but will rise to 3.1% in 2024.

There is an increasing demand for kitchen food processors such as espresso machines, and built-in appliances such as dishwashers or cooktops, according to the United Nations COMTRADE database, in March 2023, a US-based inter-governmental organization, Australia’s electrical equipment exports reached up to 3.6 billion sales in 2022, and this data raised about 87% from 6.6 million in 2014. Such demand and awareness are believed to fuel the appliances rental market growth.