Leading Growth Driver in the Consumer Goods And General Rental Centers Market in 2025: Growing Popularity Of Online Portals And Mobile Apps For Rentals Driver's Influence

What combination of drivers is leading to accelerated growth in the consumer goods and general rental centers market?
As mobile phone and internet usage surge, online platforms and mobile apps for leasing or renting goods have become increasingly common. These digital platforms provide an interface for users to browse through goods and select the one they wish to rent. These online leasing platforms might have a wide array of items available or focus on a specific type of good. Key items widely available for lease online include electronics, furniture, appliances, cameras, among others. For example, PricewaterhouseCoopers reports that approximately 44% of adults in the United States are aware of the sharing economy, which includes leasing. They expect this market to expand from $15 billion in 2014 to a massive $335 billion by 2025.

Get Your Consumer Goods And General Rental Centers Market Report Here:
https://www.thebusinessresearchcompany.com/report/consumer-goods-and-general-rental-centers-global-market-report

What is the projected compound annual growth rate (CAGR) of the consumer goods and general rental centers market from 2025 to 2034, and what factors influence it?
There has been a significant expansion in the market size of consumer goods and general rental centers in the past few years. The market, which will be worth $177.54 billion in 2024, is forecasted to increase to $193.29 billion in 2025. This increase represents a compound annual growth rate (CAGR) of 8.9%. Factors attributing to this growth during the historical period include the state of the economy, activity within the housing market, the health of the construction industry, seasonal demand fluctuations, environmental regulations, and consumer awareness.

The market size for consumer goods and rental centers is predicted to witness substantial expansion in the upcoming years where it is estimated to reach a value of $264.5 billion in 2029, registering a compound annual growth rate (CAGR) of 8.2%. The growth during the projected period can be credited to factors such as sustainable practices, assimilation of e-commerce, circular economy endeavors, compliances related to health and safety, and rentals of smart home devices. Significant upcoming trends during this period encompass innovations in supply chain, subscription-based models, rental terms flexibility, technological integration, customer loyalty schemes, and partnerships with manufacturers.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2221&type=smp

How are the latest trends influencing the growth of the consumer goods and general rental centers market?
More and more consumer goods and general rental centers are putting their money into marketing their products online through How-to and DIY video content and recommendations. DIY - short for Do-It-Yourself - and How-to sections on these companies' websites offer guidelines on using their products, decorating and mending furniture, comparative reviews of equipment, buying guides for products, and ideas for home decoration. An example is Home Depot, a company offering general goods rental services, which maintains a dedicated YouTube channel and webpage for such videos. Key companies offering such digital content include Gillman Homecenter, Lowe's DesignHub, Aaron's, and Rent-A-Center.

What are the major segments of the consumer goods and general rental centers market and their role in driving growth?
The consumer goods and general rental centers market covered in this report is segmented -

1) By Type: Consumer Goods Rental, General Rental Centers
2) By Distribution Channel: Online, Offline
3) By Application: Electronics, Healthcare, Formal Wear And Costume, Video Tape And Disc, Recreational Goods

Subsegments:
1) By Consumer Goods Rental: Furniture Rental, Electronics Rental, Apparel Rental, Sports Equipment Rental, Baby And Kids' Products Rental, Party And Event Rental
2) By General Rental Centers: Equipment Rental, Construction And Industrial Equipment Rental, Tool Rental, Machinery Rental, Lawn And Garden Equipment Rental

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=2221

Which regions are key players in the growth of the consumer goods and general rental centers market?
Asia-Pacific was the largest region in the consumer goods and general rental centers market in 2024. Western Europe was the second-largest region in the global consumer goods and general rental centers market. The regions covered in the consumer goods and general rental centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Who are the key firms paving the way for growth in the consumer goods and general rental centers market?
Major companies operating in the consumer goods and general rental centers market include The Home Depot Inc., SK Inc., Menard Inc., United Rentals Inc., Rent-A-Center Inc., Chep (USA) Inc., JCDecaux Group, Herc Holdings Inc., Sunbelt Rentals Inc., Aaron's Inc., H&E Equipment Services Inc., United Site Services Inc., Neff Rental LLC, BlueLine Rental LLC, HSS Hire Group plc, EVI Industries lnc., Ahern Rentals Inc., Sunstate Equipment Co. LLC, Compressor Systems Inc., 1-800-Pack-rat LLC, BigRentz Inc., Rental One, Red-D-Arc lnc.

Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/customise?id=2221&type=smp

What Is Covered In The Consumer Goods And General Rental Centers Global Market Report?

•Market Size Forecast: Examine the consumer goods and general rental centers market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the consumer goods and general rental centers market for a structured understanding.
•Key Players Overview: Analyze major players in the consumer goods and general rental centers market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the consumer goods and general rental centers market.
•Segment Contributions: Evaluate how different segments drive overall growth in the consumer goods and general rental centers market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the consumer goods and general rental centers market.
•Industry Challenges: Identify potential risks and obstacles affecting the consumer goods and general rental centers market.
•Competitive Landscape: Review strategic developments in the consumer goods and general rental centers market, including expansions, agreements, and new product launches.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.