Global Furniture Rental Service Market size and share is currently valued at USD 59.03 billion in 2023 and is anticipated to generate an estimated revenue of USD 106.34 billion by 2032, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust 6.8% Compound Annual Growth Rate (CAGR) over the forecasted timeframe, 2024 - 2032
The rise of e-commerce, improved delivery logistics, and a shift in consumer mindset from ownership to access are all contributing to market momentum. The model fits particularly well with the lifestyle of digital nomads, students, and corporate employees in transition—all of whom value furnished apartment rentals and easy-to-set-up home or workspaces.
Country-wise Market Trends
United States
The U.S. is one of the most mature markets for furniture rental services. Several lifestyle and demographic shifts are driving market expansion:
- The growing number of renters and the transient nature of the workforce are boosting demand for subscription-based furniture rental plans.
- Urban professionals and millennials are increasingly interested in minimal commitment housing options with ready-made interiors, making furnished apartment rentals a preferred option.
- The real estate industry also contributes to the market through the demand for home staging furniture, which helps sell properties faster and at better prices.
- Additionally, large-scale business conferences and weddings drive the event furniture rental segment, particularly in cities like New York, Chicago, and Las Vegas.
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copyright mirrors many of the U.S. trends but with a stronger emphasis on sustainability:
- A growing interest in eco-conscious living has led to the rise in circular economy practices, making rental services a viable alternative to traditional purchases.
- In cities like Toronto, Vancouver, and Montreal, furnished rental apartments are increasingly common, and furniture rental plays a key role in equipping these properties.
- The immigration influx and student population are also key segments that benefit from flexible furnishing solutions.
United Kingdom
In the UK, the furniture rental market is being reshaped by shifting lifestyles, economic uncertainty, and space limitations:
- London and other major cities see high demand for furnished apartment rentals, especially among young professionals and international students.
- The trend toward remote work has led to increased demand for home office furniture under subscription-based furniture rental plans.
- With real estate agents leveraging home staging furniture to enhance property appeal, demand is consistent in the property market.
- Event organizers in the UK increasingly opt for event furniture rental to furnish temporary venues efficiently and sustainably.
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Germany
Germany, traditionally an ownership-oriented society, is gradually warming up to the concept of furniture rentals:
- The increase in expatriate workers, especially in Berlin and Frankfurt, is creating a demand for temporary housing solutions.
- Furniture rental is becoming popular in co-living spaces and furnished housing options provided for short-term leaseholders.
- Germany’s robust manufacturing background supports high-quality rental inventory, often targeted at corporate housing and executive relocations.
India
India is one of the fastest-growing markets for furniture rental services, primarily fueled by:
- A rapidly urbanizing population and growing number of young professionals relocating to metro cities.
- The affordability and flexibility of subscription-based furniture rental plans, which appeal to students, working couples, and job hoppers.
- High competition in real estate markets in cities like Bengaluru, Mumbai, and Delhi has led to increasing adoption of home staging furniture to stand out.
- The wedding and events industry also supports the event furniture rental segment, especially during peak festive seasons.
China
China’s furniture rental market is expanding in tandem with housing trends and lifestyle changes:
- In tier-one cities like Shanghai and Beijing, sky-high real estate costs are making furnished apartment rentals with flexible furniture options more attractive.
- Young Chinese professionals are adopting flexible lifestyles, often living in different cities based on job opportunities—making them ideal consumers of rental furniture.
- The concept is also gaining popularity among real estate developers offering ready-to-move-in properties.
Japan
Japan presents a unique market landscape due to limited living spaces and a high value placed on minimalism:
- Furniture rental services are especially popular among expatriates and business travelers.
- With apartments being compact, lightweight and modular furniture are in demand, often provided under short-term leasing contracts.
- The aging population also represents a market segment that benefits from renting ergonomic furniture without long-term investment.
Australia
Australia’s market is growing steadily, particularly in urban centers like Sydney, Melbourne, and Brisbane:
- The rise of international students and temporary workers is creating a steady demand for furnished apartment rentals.
- Subscription-based furniture rental services are gaining popularity among millennials who frequently move residences.
- The event industry, including weddings, corporate gatherings, and exhibitions, continues to push demand for event furniture rental.
United Arab Emirates (UAE)
The UAE, particularly Dubai and Abu Dhabi, has seen significant growth in the furniture rental service space:
- With a large expat population and frequent relocations, the need for short-term, flexible housing solutions has grown, boosting furnished apartment rentals.
- Luxury events and exhibitions drive consistent demand for event furniture rental, with high-end furnishings being rented for temporary setups.
- The real estate market also favors home staging furniture services for upscale property listings.
Brazil
Brazil’s urban hubs, such as São Paulo and Rio de Janeiro, are seeing growing awareness of furniture rental services:
- As housing becomes more flexible and demand for shared living increases, so does the interest in subscription-based furniture rental.
- Event organizers often rely on rental furnishings to accommodate large crowds, especially for festivals, corporate events, and sports functions.
Summary
The global furniture rental service market is entering a new era, shaped by a universal shift toward access over ownership. As lifestyle patterns evolve—marked by frequent relocations, increased urban mobility, and a focus on sustainability—consumers across the world are embracing rental services for their affordability, convenience, and adaptability.
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