Furniture Rental Service Market Size, Share & COVID-19 Impact Analysis, By Material (Wood, Plastic, Metal, Glass, and Others), By Product (Living Room & Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, and Others), By Application (Residential and Commercial), and Regional Forecasts, 2025-2032

The global furniture rental service market size was valued at USD 83.74 billion in 2024. The market is projected to grow from USD 90.47 billion in 2025 to USD 176.21 billion by 2032, exhibiting a CAGR of 9.99% during the forecast period. Asia Pacific dominated the furniture rental service market with a market share of 48.48% in 2024.

Households mainly use rented furnishing items to fulfill the interior requirements of their indoor spaces. Additionally, students often prefer cost-effective rental options, such as chairs and tables, to furnish their co-living spaces for study requirements. The advent of recent online furniture rental platforms such as CORT, INHABITER, and others has significantly boosted the demand for such services globally. For example, Furlenco, a Bengaluru, India-based online furniture rental platform, offers subscription-based rented chairs, tables, and other furnishing items to Indian households as per their interior decoration requirements.

Key players operating in the global market include The Everset, Fernished Inc., Furlenco, Fashion Furniture Rental, and Luxe Modern Rentals.

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IMPACT of COVID-19

Work-From-Home Trend Amid COVID-19 Pandemic Surged Growth of Industry

To avoid coronavirus infection while traveling to office locations, working professionals preferred a remote working style and installed home office setup. This shift significantly boosted consumer demand for rented furniture items to fulfill their home-office furniture needs. According to the World Economic Forum (WEF), from 2024 to 2030, the number of global digital jobs that can be performed remotely is expected to increase by 25% and reach 92 million by 2030. Furthermore, the trend of renting furniture and other essential products amid the pandemic fueled the furniture rental service market growth.

However, the closure of upholstery shops and furniture manufacturing sites due to lockdown restrictions hampered the growth of the furniture rental services. Furthermore, key players witnessed a slowdown in their furniture processing activities due to limited availability of raw material supplies and equipment. This factor significantly challenged the key players in building their overall supply chain, thereby limiting the services’ revenue worldwide. According to the data presented by the Confederation of All India Traders (CAIT), in the first 15 days of 2022, 50% of the Indian retail businesses suffered losses due to the sudden COVID-19-related lockdown restrictions in India.

Yet, the trend of renting furniture and other essential products uplifted the product sales globally.

Furniture Rental Service Market Trends

Rising Trend of Interior Decoration to Accelerate Growth of Furniture Rental Businesses

The growing trend of renting furniture among newly married couples and families, driven by the desire for a sophisticated interior and comfortable living, offers newer opportunities for key players to grow their business. Additionally, shifting consumer preference toward buying decorative furnishing items will further create newer avenues for industry growth.

Nowadays, businesses associated with rental services focus on offering diversified household products such as kitchen appliances, furnishing items, and stationary bikes for rent to increase their revenue. This factor will support the industry’s continued development. Furthermore, rental service providers offer dedicated customer service to attract home buyers to avail their subscriptions. In September 2023, Minus, a Norwegian brand, started offering carbon-negative furniture on a subscription basis. The furniture line mainly includes pine-wooden chairs, reflecting the industry’s focus on eco-friendly solutions.

MARKET DYNAMICS

MARKET DRIVERS

Growing Residential and Commercial Infrastructural Settings Drive Furniture Rental Industry

Growing residential and commercial infrastructural settings will support the demand for furniture rental services, thereby driving market growth. According to the research cited by NF Group, a real estate company, from January to September 2024, luxury housing sales in Moscow, Russia, increased to 1,270, compared to 860 units worth USD 1.14 billion during the same period in 2023. Nowadays, households prefer buying subscription-based furniture rental services to regularly use different furnishing items. This factor significantly helps them fulfill their home decoration needs, driving the furniture rental service growth.

Innovative Marketing Campaigns by Leading Companies to Support Market Growth

Nowadays, prominent companies are increasingly conducting promotional events to trigger customer interest in subscribing to their services. Such a factor will enhance the services’ demand worldwide. For instance, in July 2024, RentoMojo, India's leading rental solutions company, launched a campaign titled ‘Keep it Casual’ aimed at promoting casual rented furniture items to the youngsters in India.

MARKET RESTRAINTS

Lack of Awareness Regarding Furniture Rental Services to Restrain Market Expansion

Lack of awareness regarding furniture rental service among the aged population worldwide remains the key factor limiting the demand for rental furnishings and other household products. Additionally, the emergence of new entrants offering similar products, particularly targeting rural customers, poses challenges for prominent players, thereby restraining industry expansion.

MARKET OPPORTUNITIES

Renting Furniture Items That Align with Eco-conscious Consumer Preferences Favors Market Growth

The increasing number of online rental service providers offering eco-friendly, material-based furniture items for rent to meet the demand for eco-conscious consumers’ home utilities creates newer market growth opportunities. In addition, consistent service providers’ utilization of AI & VR apps and tools to offer personalized product experiences is further driving global revenue growth in the rental service sector.

MARKET CHALLENGES

Higher Logistics and Transportation Costs to Negatively Impact Services Business Profitability

The higher logistics and transportation costs of furniture items during assembly/disassembly, product returns, and regional services are expected to increase operational complexities and negatively impact the profitability of key players’ services business. Furthermore, an increasing number of pure-play platforms and traditional retailers offering discounted furniture items is expected to minimize the demand for rented items, posing challenges to market growth.

Segmentation Analysis

By Material

Wood Segment Holds a Dominant Market Share Owing to Low Maintenance Requirements

Based on material, the market is divided into wood, plastic, metal, glass, and others. The wood segment holds a dominant share due to its low maintenance requirements and durability over other material types. Additionally, the rising consumer trends toward using eco-friendly furnishing items will stimulate the demand for wooden furnishing items, thereby driving the growth of the wood segment.

Plastic-based furniture is lightweight and cost-effective compared to other furniture materials. Furthermore, the demand for plastic furniture is significantly increasing in the residential and commercial sectors owing to its high durability and waterproof nature. Hence, increased preference for premium and quality plastic furniture drives the segment's growth.

Additionally, metal furnishing items' higher strength and durability mainly drive the metal segment growth. Hard-worked metallic fixtures also offer a shining look to interior surfaces, which propels their adoption for aesthetic appeal.

The glass segment will grow considerably due to the growing trend of renting glass furnishing items in the residential sector.

The others segment which includes materials such as bamboo and seagrass is gaining traction due to increasing consumer demand for furniture made from sustainable and recyclable furniture options. This shift toward environmentally responsible choices is a key factor driving the others’ segment growth.

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By Product

Living Room & Dining Room Segment Display Fastest CAGR owing to Growing Popularity of Modular Sofas and Lounges

Based on product, the market is divided into living room & dining room furniture, bedroom furniture, kitchen furniture, and others. The living room & dining room furniture segment is slated to exhibit a second leading global market share during the study period. Rising demand for multipurpose, foldable living room chairs and tables results in the living room & dining room furniture scale at the fastest CAGR during the forecast period (2025-2032). The growing popularity of modular sofas and lounges featuring multi-level reclining and supreme lumbar support, especially among apartment dwellers and downsizers, is contributing to increased revenue in the segment, as consumers seek both comfort and aesthetic appeal.

Rising demand for kitchen cabinets of various colors & styles, such as dark gray, black, white, floral wallpaper, line art, granite, and grass tops among households, is driving the kitchen furniture segmental growth. The increasing popularity of using spa-themed, beach sand-colored bedding products among households for their bedrooms supports the drive bedroom furniture segment’s growth at the third-fastest rate during 2025-2032.

The others segment exhibited a leading global market share and is projected to grow the second fastest during 2025-2032. The others segment covering the market analysis on various products, including dry room & storage room furniture, bathroom furniture, is mainly driven by the emerging home décor and product replacement rate among households across many countries.

By Application

Residential Segment Leads due to Significant Households Spending on Rented Homeware Items

By application, the market is bifurcated into residential and commercial. Residential segment is slated to exhibit a leading market share as a high number of households prefer buying rented furniture items for their living room spaces. An increasing number of bachelors and families are using home furniture rental platforms to furnish their living spaces cost-effectively. Furthermore, households prioritize well-decorated interior spaces to provide a welcoming atmosphere for guests and friends. These factors support the demand for such services in the residential segment.

Nowadays, commercial settings such as small offices and pantries prefer rented furniture as businesses seek to reduce infrastructure costs. This trend will accelerate the demand for furniture rental services within the commercial segment. Additionally, the rising popularity of subscription-based furniture and electronic appliance rental services is further contributing to the growth of the commercial segment.

Furniture Rental Service Market Regional Outlook

Regionally, the global market is segregated into Asia Pacific, Europe, North America, the Middle East & Africa, and South America.

Asia Pacific

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Asia Pacific dominates the global furniture rental service market share due to the growing popularity of renting furniture items in developing towns and cities, especially in China and India. The rising number of urban migrants in these countries is significantly boosting demand for rental services. Additionally, the expanding operations of the prominent companies in the region create newer avenues for industry growth. For instance, in February 2024, Rentomojo invested USD 24.34 million to increase its services of rental appliances and furniture across India.

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Europe

Europe is projected to witness stellar growth owing to changing consumer preferences toward buying sustainably-made furnishing items. People are more conscious of the deteriorating health impacts of furnishings made from low-grade plastics, encouraging users to purchase eco-friendly furniture items. Additionally, furniture items crafted out of natural and reusable materials such as bamboo and wooden pallets are expected to witness huge demand in Europe. Evolving home decoration trends and increasing furniture replacement trends are some other factors supporting market growth in this region. Furthermore, the increase in the number of residential and commercial infrastructural settings in Europe and significant government investments in developing the housing facilities in Germany and the U.K. further support regional market growth. For instance, the government of the U.K. invested USD 2.72 billion to build 18,000 new homes across the U.K.

North America

North America holds a considerable share of the global market due to the rising number of startups and new businesses in the region prefer renting furnishings to fulfill their furniture needs. In 2024, Mexican startups invested USD 5.8 billion in their business development activities, 45% up over the previous year. Moreover, the robust presence of prominent furniture rental service providers in the U.S. and Canada, such as CORT, Feather, AFT, and others, further supports market proliferation in the region. The rising number of students and working professionals prefer renting desk tables and chairs, and increasing co-living infrastructural facilities favor market growth across the U.S.

South America and the Middle East & Africa

Increasing awareness regarding furniture rental platforms among households in the UAE and Saudi Arabia mainly supports market growth in the Middle East & Africa. South America is slated to showcase moderate growth as many people are relocating to urban areas, thereby gradually opening new furniture rental platforms. The people shifting to urban areas are getting exposure to the changing trends in the industry and have access to various digital platforms for fulfilling their necessities, which is expected to surge the service demand across the region.

COMPETITIVE LANDSCAPE

Key Industry Players

Industry Participants Focus on Diversification to Expand their Geographical Presence

Nowadays, key players focus on establishing partnerships with financial institutions to raise working capital. Additionally, they concentrate on diversifying furniture rental offerings to expand their geographical presence worldwide. For instance, in September 2023, Furlenco expanded its presence by opening two furniture stores in Bengaluru, India.

Major Players in the Market

The Everset, Fernished Inc., Furlenco, Fashion Furniture Rental, and Luxe Modern Rentals are the leading players operating in the global market.

LIST OF KEY FURNITURE RENTAL SERVICE COMPANIES PROFILED

• Feather (U.S.) 
• Aaron’s LLC (U.S.)
• Rent-A-Center (U.S.)
• Brook Furniture Rental Inc. (U.S.)
• The Everset (U.S.)
• Fernished Inc. (U.S)
• Furlenco (India)
• RentoMojo (Edunetwork Pvt. Ltd.) (India)
• Luxe Modern Rentals (Canada)
• Fashion Furniture Rental (U.S.)

KEY INDUSTRY DEVELOPMENTS

• September 2022: Fernished Inc. developed its in-house delivery service to expand its home furnishings and rental business. This development would help the company to smooth its supply chain process and aid in the timely delivery of goods to customers.
• February 2021: Rent-A-Center agreed to acquire Acima Holdings LLC, which provides virtual lease-to-own solutions as it will provide digital transactions with an advanced e-commerce platform and effective POS integration.
• March 2021: RentPlace.com launched an online retail platform that enables U.S. consumers to rent and buy household products such as luxury furniture, home décor, and wall art.
• June 2021: John Lewis Inc. announced the expansion of its furniture rental business by doubling product offerings. The company offers 200 types of furniture, from beds to bar stools, sofas to dining tables.
• July 2021:  Furlenco, India’s leading furniture rental company, launched an annual subscription-based furniture service, "UNLMTD by Furlenco," that offers hassle-free relocation and free furniture and appliances swapping to Indian consumers.

REPORT COVERAGE

The market research report analyzes the market in-depth and highlights crucial aspects such as prominent companies, material analysis, application, and the overall market outlook. Besides this, the report includes insights into the latest trends and highlights significant industry developments. The report includes the current market size and forecast values. In addition to the aspects mentioned earlier, the report encompasses several factors contributing to market growth in recent years.

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Report Scope & Segmentation