Growing Popularity Of Online Portals And Mobile Apps For Rentals: Critical Driver Shaping the Consumer Goods And General Rental Centers Market in 2025

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Consumer Goods And General Rental Centers Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of consumer goods and general rental centers has seen robust growth in the past years. There will be an increase from $178.14 billion in 2024 to $191.96 billion in 2025, with a compound annual growth rate (CAGR) of 7.8%. Factors like economic conditions, housing market trends, the wellbeing of the construction industry, fluctuations in seasonal demand, environmental standards, and consumer awareness have been contributing to the growth during the historical period.

Consumer Goods And General Rental Centers Market Size Forecast: What's the Projected Valuation by 2029?
The size of the consumer goods and general rental centers market is anticipated to experience significant expansion in the upcoming years. It is projected to escalate to $261.46 billion in 2029, with a compound annual growth rate (CAGR) of 8.0%. The expansion during the predicted period is due to factors like sustainability practices, the incorporation of e-commerce, initiatives for a circular economy, compliance with health and safety measures, and rentals of smart home devices. Forecasted trends for the period include innovation in supply chains, models based on subscriptions, flexible terms for rental, technological integration, programs for customer loyalty, and partnerships with manufactures.

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What Are the Drivers Transforming the Consumer Goods And General Rental Centers Market?
The surge in mobile phone use and internet availability has led to the substantial utilization of online platforms and mobile apps for leasing or renting products. These platforms and apps feature an interface allowing users to browse through products and select the ones they want to lease. While some of these online leasing portals offer a wide range of products, others are more specialized. Key lease items available online include furniture, electronics, appliances, cameras, among other goods. For example, PricewaterhouseCoopers reports that about 44% of American adults are knowledgeable about the sharing economy, encompassing leasing. Moreover, this market is projected to grow from $15 billion in 2014 to $335 billion by 2025.

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What Long-Term Trends Will Define the Future of the Consumer Goods And General Rental Centers Market?
There is a growing trend among consumer goods and general rental centers to leverage online channels for marketing their products, via DIY and How-to videos and advice. These DIY (Do-it-yourself) and How-to sections on their websites provide information on how to use their products, decorating and repairing furniture, equipment comparison, purchasing guides for products, and home decorating ideas. For example, Home Depot, a prevalent rental service firm for various goods, has allocated a YouTube channel and a website for these tutorials. Major companies such as Gillman Homecenter, Lowe's DesignHub, Aaron's, and Rent-A-Center offer these tutorials, advice, and video content to their web-based consumers.

Which Segments in the Consumer Goods And General Rental Centers Market Offer the Most Profit Potential?
The consumer goods and general rental centersmarket 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

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Which Firms Dominate the Consumer Goods And General Rental Centers Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in 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.

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