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Furniture Rental Service Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032

Publisher Fortune Business Insights Pvt. Ltd.
Published May 01, 2025
Length 195 Pages
SKU # FOB20106855

Description

Growth Factors of Furniture Rental Service Market

The global furniture rental service market is witnessing significant traction as consumers and businesses shift toward more flexible, sustainable, and cost-efficient solutions. According to Fortune Business Insights, the global furniture rental service market size was valued at USD 76.80 billion in 2022 and is projected to grow from USD 84.61 billion in 2023 to USD 149.80 billion by 2030, exhibiting a CAGR of 8.5% during the forecast period.

This surge is largely driven by urban mobility, evolving consumer lifestyles, increasing housing affordability challenges, and the demand for temporary, adaptable furnishing solutions in both residential and commercial spaces.

Market Dynamics Driving Growth

Several structural and behavioral shifts are pushing the demand for furniture rentals globally:

1. Millennial and Gen Z Lifestyle Preferences: These demographics are less inclined toward ownership and are more focused on experiences and convenience. Furniture rental offers the flexibility to upgrade, relocate, and personalize spaces without long-term commitments.

2. Urbanization and Frequent Relocations: With more professionals relocating for job opportunities and students moving for education, the demand for short-term furniture solutions is rising, especially in metropolitan areas.

3. Start-up Culture and Co-working Spaces: Small businesses and startups often face budget constraints. Furniture rentals provide a cost-effective way to design professional spaces without upfront capital expenditure.

4. Sustainability Trends: Renting reduces waste and promotes reusability. Consumers are increasingly aligning their purchase decisions with environmental consciousness, boosting demand for rental services that offer sustainable and refurbished furniture.

Residential vs. Commercial Demand

The residential segment dominates the furniture rental market, as consumers seek aesthetic and functional furnishings for short-term or temporary housing. Tenants, students, and individuals on work assignments are major contributors to this demand.

The commercial segment, including corporate offices, co-working hubs, and retail showrooms, is also gaining momentum. Businesses are leveraging rentals for agile expansion, short-term projects, and event setups, benefiting from the ease of access and return policies.

Technological Advancements and Online Platforms

Digital innovation is a crucial enabler in the industry. Furniture rental providers are investing in online platforms, mobile apps, and AR/VR technologies that allow users to visualize products in their spaces before renting. AI-powered recommendation systems and subscription-based pricing models are further enhancing the customer journey.

Moreover, the emergence of “furniture-as-a-service” (FaaS) models—where rental agreements include maintenance, delivery, and pickup—is redefining value propositions in the market.

Regional Outlook

North America holds a significant share of the global market, driven by a strong rental culture, high disposable incomes, and a mature commercial office sector.

Asia Pacific is expected to register the fastest growth due to rapid urbanization, high student and young professional populations, and increased digital penetration. India and China are emerging as key markets due to expanding start-up ecosystems and rising awareness of furniture rental platforms.

Europe is also growing steadily, particularly in urban areas where sustainability mandates and space constraints make rentals a more appealing alternative to ownership.

Key Players and Competitive Landscape

Leading companies operating in the global furniture rental service market include:

Furlenco

CORT (A Berkshire Hathaway Company)

Feather

Cityfurnish

Brook Furniture Rental

Rentomojo

Fernish

CasaOne

Inhabitr

The Everset

These players are focused on expanding their inventory portfolios, strengthening logistics networks, and offering value-added services such as customization, free delivery, and flexible tenures.

Conclusion

The furniture rental service market is rapidly evolving as consumers and businesses prioritize convenience, flexibility, and sustainability. With a market value expected to reach nearly USD 150 billion by 2030, driven by digital innovation and changing living standards, this sector presents significant opportunities for growth and disruption in the broader home and office furnishings industry.

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2024

Estimated Year 2025

Forecast Period 2025-2032

Historical Period 2019-2023

Growth Rate CAGR of 9.99% from 2025 to 2032

Unit Value (USD Billion)

Segmentation By Material

Wood

Metal

Plastic

Glass

Others

By Application

Commercial

Residential

By Region

North America (By Material, Application, and Country)

U.S. (By Material)

Canada (By Material)

Mexico (By Material)

Europe (By Material, Application, and Country)

Germany (By Material)

France (By Material)

Italy (By Material)

Spain (By Material)

U.K. (By Material)

Rest of Europe (By Material)

Asia Pacific (By Material, Application, and Country)

China (By Material)

India (By Material)

Japan (By Material)

Australia (By Material)

Rest of Asia Pacific (By Material)

South America (By Material, Application, and Country)

Brazil (By Material)

Argentina (By Material)

Rest of South America (By Material)

Middle East and Africa (By Material, Application, and Country)

UAE (By Material)

Saudi Arabia (By Material)

Rest of Middle East & Africa (By Material)

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Table of Contents

195 Pages
1. Introduction
1.1. Research Scope
1.2. Market Segmentation
1.3. Research Methodology
1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics
3.1. Market Drivers
3.2. Market Restraints
3.3. Market Opportunities
3.4. Emerging Trends
4. Key Insights
4.1. Overview of the Parent/Related Markets
4.2. Industry SWOT Analysis
4.3. Supply Chain and Regulatory Analysis
4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions
4.5. Qualitative Analysis (in relation to COVID-19)
4.5.1. Impact of COVID-19
4.5.2. Supply Chain Challenges
4.5.3. Potential Opportunities due to COVID-19
5. Global Furniture Rental Service Market Analysis, Insights, and Forecast, 2019-2032
5.1. Key Findings / Summary
5.2. Market Size Estimates and Forecast
5.2.1. By Material (Value)
5.2.1.1. Wood
5.2.1.2. Metal
5.2.1.3. Plastic
5.2.1.4. Glass
5.2.1.5. Others
5.2.2. By Application (Value)
5.2.2.1. Commercial
5.2.2.2. Residential
5.2.3. By Region (Value)
5.2.3.1. North America
5.2.3.2. Europe
5.2.3.3. Asia Pacific
5.2.3.4. South America
5.2.3.5. Middle East & Africa
6. North America Furniture Rental Service Market Analysis, Insights and Forecast, 2019-2032
6.1. Key Findings / Summary
6.2. Market Size Estimates and Forecast
6.2.1. By Material (Value)
6.2.1.1. Wood
6.2.1.2. Metal
6.2.1.3. Plastic
6.2.1.4. Glass
6.2.1.5. Others
6.2.2. By Application (Value)
6.2.2.1. Commercial
6.2.2.2. Residential
6.2.3. By Country (Value)
6.2.3.1. U.S.
6.2.3.1.1. By Material (Value)
6.2.3.1.1.1. Wood
6.2.3.1.1.2. Metal
6.2.3.1.1.3. Plastic
6.2.3.1.1.4. Glass
6.2.3.1.1.5. Others
6.2.3.2. Canada
6.2.3.2.1. By Material (Value)
6.2.3.2.1.1. Wood
6.2.3.2.1.2. Metal
6.2.3.2.1.3. Plastic
6.2.3.2.1.4. Glass
6.2.3.2.1.5. Others
6.2.3.3. Mexico
6.2.3.3.1. By Material (Value)
6.2.3.3.1.1. Wood
6.2.3.3.1.2. Metal
6.2.3.3.1.3. Plastic
6.2.3.3.1.4. Glass
6.2.3.3.1.5. Others
7. Europe Furniture Rental Service Market Analysis, Insights and Forecast, 2019-2032
7.1. Key Findings / Summary
7.2. Market Size Estimates and Forecast
7.2.1. By Material (Value)
7.2.1.1. Wood
7.2.1.2. Metal
7.2.1.3. Plastic
7.2.1.4. Glass
7.2.1.5. Others
7.2.2. By Application (Value)
7.2.2.1. Commercial
7.2.2.2. Residential
7.2.3. By Country (Value)
7.2.3.1. U.K.
7.2.3.1.1. By Material (Value)
7.2.3.1.1.1. Wood
7.2.3.1.1.2. Metal
7.2.3.1.1.3. Plastic
7.2.3.1.1.4. Glass
7.2.3.1.1.5. Others
7.2.3.2. Germany
7.2.3.2.1. By Material (Value)
7.2.3.2.1.1. Wood
7.2.3.2.1.2. Metal
7.2.3.2.1.3. Plastic
7.2.3.2.1.4. Glass
7.2.3.2.1.5. Others
7.2.3.3. France
7.2.3.3.1. By Material (Value)
7.2.3.3.1.1. Wood
7.2.3.3.1.2. Metal
7.2.3.3.1.3. Plastic
7.2.3.3.1.4. Glass
7.2.3.3.1.5. Others
7.2.3.4. Italy
7.2.3.4.1. By Material (Value)
7.2.3.4.1.1. Wood
7.2.3.4.1.2. Metal
7.2.3.4.1.3. Plastic
7.2.3.4.1.4. Glass
7.2.3.4.1.5. Others
7.2.3.5. Spain
7.2.3.5.1. By Material (Value)
7.2.3.5.1.1. Wood
7.2.3.5.1.2. Metal
7.2.3.5.1.3. Plastic
7.2.3.5.1.4. Glass
7.2.3.5.1.5. Others
7.2.3.6. Rest of Europe
7.2.3.6.1. By Material (Value)
7.2.3.6.1.1. Wood
7.2.3.6.1.2. Metal
7.2.3.6.1.3. Plastic
7.2.3.6.1.4. Glass
7.2.3.6.1.5. Others
8. Asia-Pacific Furniture Rental Service Market Analysis, Insights and Forecast, 2019-2032
8.1. Key Findings / Summary
8.2. Market Size Estimates and Forecast
8.2.1. By Material (Value)
8.2.1.1. Wood
8.2.1.2. Metal
8.2.1.3. Plastic
8.2.1.4. Glass
8.2.1.5. Others
8.2.2. By Application (Value)
8.2.2.1. Commercial
8.2.2.2. Residential
8.2.3. By Country (Value)
8.2.3.1. China
8.2.3.1.1. By Material (Value)
8.2.3.1.1.1. Wood
8.2.3.1.1.2. Metal
8.2.3.1.1.3. Plastic
8.2.3.1.1.4. Glass
8.2.3.1.1.5. Others
8.2.3.2. India
8.2.3.2.1. By Material (Value)
8.2.3.2.1.1. Wood
8.2.3.2.1.2. Metal
8.2.3.2.1.3. Plastic
8.2.3.2.1.4. Glass
8.2.3.2.1.5. Others
8.2.3.3. Japan
8.2.3.3.1. By Material (Value)
8.2.3.3.1.1. Wood
8.2.3.3.1.2. Metal
8.2.3.3.1.3. Plastic
8.2.3.3.1.4. Glass
8.2.3.3.1.5. Others
8.2.3.4. Australia
8.2.3.4.1. By Material (Value)
8.2.3.4.1.1. Wood
8.2.3.4.1.2. Metal
8.2.3.4.1.3. Plastic
8.2.3.4.1.4. Glass
8.2.3.4.1.5. Others
8.2.3.5. Rest of Asia-Pacific
8.2.3.5.1. By Material (Value)
8.2.3.5.1.1. Wood
8.2.3.5.1.2. Metal
8.2.3.5.1.3. Plastic
8.2.3.5.1.4. Glass
8.2.3.5.1.5. Others
9. South America Furniture Rental Service Market Analysis, Insights and Forecast, 2019-2032
9.1. Key Findings / Summary
9.2. Market Size Estimates and Forecast
9.2.1. By Material (Value)
9.2.1.1. Wood
9.2.1.2. Metal
9.2.1.3. Plastic
9.2.1.4. Glass
9.2.1.5. Others
9.2.2. By Application (Value)
9.2.2.1. Commercial
9.2.2.2. Residential
9.2.3. By Country (Value)
9.2.3.1. Brazil
9.2.3.1.1. By Material (Value)
9.2.3.1.1.1. Wood
9.2.3.1.1.2. Metal
9.2.3.1.1.3. Plastic
9.2.3.1.1.4. Glass
9.2.3.1.1.5. Others
9.2.3.2. Argentina
9.2.3.2.1. By Material (Value)
9.2.3.2.1.1. Wood
9.2.3.2.1.2. Metal
9.2.3.2.1.3. Plastic
9.2.3.2.1.4. Glass
9.2.3.2.1.5. Others
9.2.3.3. Rest of South America
9.2.3.3.1. By Material (Value)
9.2.3.3.1.1. Wood
9.2.3.3.1.2. Metal
9.2.3.3.1.3. Plastic
9.2.3.3.1.4. Glass
9.2.3.3.1.5. Others
10. Middle East & Africa Furniture Rental Service Market Analysis, Insights and Forecast, 2019-2032
10.1. Key Findings / Summary
10.2. Market Size Estimates and Forecast
10.2.1. By Material (Value)
10.2.1.1. Wood
10.2.1.2. Metal
10.2.1.3. Plastic
10.2.1.4. Glass
10.2.1.5. Others
10.2.2. By Application (Value)
10.2.2.1. Commercial
10.2.2.2. Residential
10.2.3. By Country (Value)
10.2.3.1. UAE
10.2.3.1.1. By Material (Value)
10.2.3.1.1.1. Wood
10.2.3.1.1.2. Metal
10.2.3.1.1.3. Plastic
10.2.3.1.1.4. Glass
10.2.3.1.1.5. Others
10.2.3.2. Saudi Arabia
10.2.3.2.1. By Material (Value)
10.2.3.2.1.1. Wood
10.2.3.2.1.2. Metal
10.2.3.2.1.3. Plastic
10.2.3.2.1.4. Glass
10.2.3.2.1.5. Others
10.2.3.3. Rest of Middle East & Africa
10.2.3.3.1. By Material (Value)
10.2.3.3.1.1. Wood
10.2.3.3.1.2. Metal
10.2.3.3.1.3. Plastic
10.2.3.3.1.4. Glass
10.2.3.3.1.5. Others
11. Competitive Matrix
11.1. Business Strategies Adopted by Leading Players
11.2. Global Sports Optic Market Revenue Share/Ranking Analysis, By Key Manufacturer
12. Company Profiles
12.1. Feather
12.1.1. Overview
12.1.2. Description
12.1.3. Product Portfolio
12.1.4. Financials (Data as available in public domain and/or on paid databases)
12.1.5. Recent Developments
12.2. Aaron’s LLC
12.2.1. Overview
12.2.2. Description
12.2.3. Product Portfolio
12.2.4. Financials (Data as available in public domain and/or on paid databases)
12.2.5. Recent Developments
12.3. Rent-A-Center
12.3.1. Overview
12.3.2. Description
12.3.3. Product Portfolio
12.3.4. Financials (Data as available in public domain and/or on paid databases)
12.3.5. Recent Developments
12.4. Brook Furniture Rental Inc.
12.4.1. Overview
12.4.2. Description
12.4.3. Product Portfolio
12.4.4. Financials (Data as available in public domain and/or on paid databases)
12.4.5. Recent Developments
12.5. The Everset
12.5.1. Overview
12.5.2. Description
12.5.3. Product Portfolio
12.5.4. Financials (Data as available in public domain and/or on paid databases)
12.5.5. Recent Developments
12.6. Fernished Inc.
12.6.1. Overview
12.6.2. Description
12.6.3. Product Portfolio
12.6.4. Financials (Data as available in public domain and/or on paid databases)
12.6.5. Recent Developments
12.7. Furlenco
12.7.1. Overview
12.7.2. Description
12.7.3. Product Portfolio
12.7.4. Financials (Data as available in public domain and/or on paid databases)
12.7.5. Recent Developments
12.8. RentoMojo
12.8.1. Overview
12.8.2. Description
12.8.3. Product Portfolio
12.8.4. Financials (Data as available in public domain and/or on paid databases)
12.8.5. Recent Developments
12.9. Luxe Modern Rentals
12.9.1. Overview
12.9.2. Description
12.9.3. Product Portfolio
12.9.4. Financials (Data as available in public domain and/or on paid databases)
12.9.5. Recent Developments
12.10. Fashion Furniture Rental
12.10.1. Overview
12.10.2. Description
12.10.3. Product Portfolio
12.10.4. Financials (Data as available in public domain and/or on paid databases)
12.10.5. Recent Developments

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