Furniture Rental Market 2030: The Rise of Ergonomic Home Office Solutions
Furniture Rental Market Growth & Trends The global furniture rental market size is expected to reach USD 89.68 billion by 2030, registering a CAGR of 7.0% during the forecast period, according to a new report by Grand View Research, Inc. The attitudes toward asset ownership among Indian consumers have changed significantly as a result of rising internet usage. Consumers were forced to replace long-standing practices and routines of product ownership with new accessible formats due to the COVID-19 pandemic. Changes in consumer behavior and a rise in the choice of lower-risk rental options are driving the demand. Moreover, an increase in the number of residential and commercial infrastructure settings would probably favor the need for services within such settings, promoting market expansion. For instance, the National Association of Realtors reported that homeownership increased by 1.3% from 2019 to 65.5% in 2020. Moreover, a rise in the trend of subscription-based furnit...