Home Furniture Rental
The Home Furniture Rental industry serves various customers who lease or rent furniture products, including bed frames, couches, dining room tables and a range of other home products. The industry largely caters to individuals with an immediate short-term need, such as college students, or those who lack the necessary income or credit to purchase these big-ticket items. This industry is countercyclical to the economy, performing well in difficult economic times, when consumer confidence is low and consumer spending is minimal. Over the five years to 2018, customers have increasingly purchased furniture due to increasing per capita disposable income and consumer spending. Over the five years to 2023, per capita disposable income and the percentage of services conducted online are both anticipated to continue increasing. As more individuals become comfortable with renting furniture online before seeing the actual product, market share will continue to be siphoned from industry companies that operate brick-and-mortar locations.
The Home Furniture Rental industry includes companies that rent or lease household furniture to lessees and homeowners. Rental furniture includes dining room, living room and bedroom furniture, as well as lamps, tables and television stands. This industry does not include companies that primarily rent household appliances, electronics or office furniture. Additionally, this industry does not include online retailers or online sales from brick-and-mortar locations.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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