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Furniture Rental Market to Experience Significant Growth During the Forecast Period 2018-2025

03-02-2020 04:02 AM CET | Industry, Real Estate & Construction

Press release from: Allied Market Research

Furniture Rental Market

Furniture Rental Market

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.

For Purchase Enquiry Click Here: https://www.alliedmarketresearch.com/purchase-enquiry/5361

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.

Key Benefits For Stakeholders
o 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.
o The key countries in all the major regions are mapped based on their market shares.
o 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.
o A comprehensive analysis of factors that drive and restrict the growth of the furniture market is provided.
o An in-depth analysis of the global furniture rental market helps determine the prevailing market opportunities.
o 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
o Wood
o Plastic
o Metal
o Glass
o Others

By End Use
o Commercial
o Residential

By Distribution channel
o E commerce
o Brick & Mortar

By Region
o North America
o Europe
o Asia-Pacific
o LAMEA

Key players include
o Furlenco
o Cityfurnish
o Rentomojo
o Brook Furniture Rental
o Cort
o Luxe Modern Rentals
o In-lease
o The Lounge
o Athoor
o Asia Furniture Rental

Get a Sample Copy of Furniture Rental Market: https://www.alliedmarketresearch.com/request-toc-and-sample/5361

Contact:

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help@alliedmarketresearch.com
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About Us
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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