Dublin, Aug. 30, 2019 (GLOBE NEWSWIRE) -- The "Global Commercial & Residential Furniture Rental Market Outlook: Industry Analysis & Opportunity Evaluation 2017-2025" report has been added to ResearchAndMarkets.com's offering.
The global Commercial Furniture Rental Market reached USD 13,066.55 Million in 2018. In addition, the market is expected to garner USD 33,861.19 Million by the end of 2025 by registering a CAGR of 14.89% across the globe.
The global demand for Commercial Furniture Rental is increasing due to significant growth of service sector in the region. Transformation and generation of startup ecosystem in countries such as India, China, Malaysia, Singapore, Indonesia, Bangladesh South Africa, Estonia, Lithuania, Latvia and Brazil, rapid urbanization, growth of hospitality industry, rise in gross tourist turnout catalyzing the growth of rental furniture market over the forecast period.
The global residential Furniture Rental Market reached USD 7,787.92 Million in 2018. In addition, the market is expected to garner USD 16,844.48 Million by the end of 2025 by registering a CAGR of 11.75% across the globe. Rapid urbanization in developing countries is coherently responsible for the growth of global residential furniture rental market over the forecast period.
Asia-Pacific is slated to account highest share of 47.33% by 2025 in the Commercial Furniture Rental market. The growth in the region can be attributed to the rapidly growing demand from developing economies such as China & India. This is followed by the European region which is expected to account for 26.45% by the year 2025 mostly due to high demand generated from countries such as Germany and U.K. gathering for USD 685.56 Million & USD 555.55 Million respectively in the year 2018.
Within the residential furniture rental market, Asia-Pacific region is witnessing an accelerated rate of construction related activities to address the demands of the constantly rising urban population. This is resulting in the region capturing overall market share of 53.14% in the year 2018.
Within the commercial rental furniture segment by product, the market for rental sofas is expected to grow at the highest CAGR 15.42% and is expected to capture a market size of USD 2,200.99 Million by the year 2025.
In the residential rental furniture segment by product, the market for rental wardrobes is expected to grow at the highest CAGR 13.51% and is expected to capture a market size of USD 1,226.61 Million by the year 2025.
The online distribution channels are expected to rise at the highest rate with a CAGR of 16.06% in the commercial rental furniture market and 12.52% in the residential rental furniture market over the forecast period of 2019-2025.
Companies Mentioned
- CORT
- JMT International
- Aaron's Inc.
- Rent-A-Center
- John Richard
- Thomas Rentals
- Santa Fe Relocation
Key Topics Covered
1. Introduction
2. Assumptions and Acronyms
3. Research Methodology
3.1. Variables (Dependent & Independent)
3.2. Multi Factor Based Sensitivity Model
4. Executive Summary-Global Furniture Rental Market
5. PESTLE Analysis
6. Policy and Regulatory Landscape
7. Industry Analysis
7.1. Porter's Five Forces Model
8. Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Furniture Rental Market Outlook
11. Global Commercial Furniture Rental Market Outlook
11.1. Market Size and Forecast, 2017-2025F
11.1.1. By Value (USD Million)
11.1.1.1. Y-o-Y Growth (%), 2018-2025F
11.2. Market Share and Forecast, 2017-2025F
11.2.1. By Product (%), (2017, 2025F)
11.2.1.1. Chair (USD Million) & Y-o-Y Growth (%), 2018-2025F
11.2.1.2. Table, Training Tables, Utility Tables & Conference Tables 2017-2025F (USD Million) & Y-o-Y Growth (%), 2018-2025F
11.2.1.3. Sofas, Desks & Storage Units 2017-2025F (USD Million) & Y-o-Y Growth (%), 2018-2025F
11.2.1.4. Work Stations & Others 2017-2025F (USD Million) & Y-o-Y Growth (%), 2018-2025F
11.2.2. By Distribution Channel (%), (2017, 2025F)
11.2.2.1. Offline & Online 2017-2025F (USD Million) & Y-o-Y Growth (%), 2018-2025F
11.2.3. Commercial Furniture Rental Market Share (%), By Region (2017,2025F)
11.2.3.1. North America
11.2.3.2. Europe
11.2.3.3. Asia-Pacific
11.2.3.4. Latin America
11.2.3.5. Middle East and Africa
12. North America Commercial Furniture Rental Market Outlook
13. Europe Commercial Furniture Rental Market Outlook
14. Asia-Pacific Commercial Furniture Rental Market Outlook
15. Latin America Commercial Furniture Rental Market Outlook
16. Middle East and Africa Commercial Furniture Rental Market Outlook
17. Global Residential Furniture Rental Market Outlook
17.1. Market Size and Forecast, 2017-2025F
17.1.1. By Value (USD Million)
17.1.1.1. Y-o-Y Growth (%), 2018-2025F
17.2. Market Share and Forecast, 2017-2025F
17.2.1. By Product (%), (2017, 2025F)
17.2.1.1. Chairs, Accent Chairs & Recliners (USD Million) & Y-o-Y Growth (%), 2018-2025F
17.2.1.2. Tables, Dining Tables, Dressing Tables & Bedside Tables (USD Million) & Y-o-Y Growth (%), 2018-2025F
17.2.1.3. Sofas, Sleeper Sofas, Chaise Lounge & Other Sofas (USD Million) & Y-o-Y Growth (%), 2018-2025F
17.2.1.4. Bed, Mattress, Wardrobe & Others (USD Million) & Y-o-Y Growth (%), 2018-2025F
17.2.2. By Distribution Channel (%), (2017, 2025F)
17.2.2.1. Offline & Online, 2017-2025F (USD Million) & Y-o-Y Growth (%), 2018-2025F
17.2.3. Residential Furniture Rental Market Share (%), By Region (2017,2025F)
17.2.3.1. North America
17.2.3.2. Europe
17.2.3.3. Asia-Pacific
17.2.3.4. Latin America
17.2.3.5. Middle East and Africa
18. North America Residential Furniture Rental Market Outlook
19. Europe Residential Furniture Rental Market Outlook
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