Furniture Rental Service Market to Grow at a CAGR of 9.99% over 2025 to 2032; Increasing Demand for Decorative Items to Fuel Market Growth

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. Fortune Business Insights™ presents this information in its report titled “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”.

Households are increasingly renting furnishing items to meet interior needs, while students opt for affordable rentals such as chairs and tables for co-living study spaces. The rise of online platforms such as CORT and INHABITER has accelerated global demand for furniture rental services.

Rentofurnished raised an Undisclosed Amount of Funding to Broaden Its Produced Portfolio  

In July 2024, India’s Rentofurnished secured funding to expand its portfolio with comprehensive rental packages, covering living, dining tables, workstations, loungers, room sets, bedroom furniture, and accent chairs.

Rising Trend of Interior Decoration to Drive Market Growth

Furniture rentals are gaining traction as newly married couples and families prefer affordable, sophisticated setups for modern living. Increasing demand for decorative items and diversified rental categories, ranging from home appliances to fitness equipment, support revenue growth. Providers are enhancing customer service and subscriptions to retain buyers. The industry is also embracing sustainability; in September 2023, Norwegian brand Minus introduced carbon-negative pine-wood chairs on a subscription basis, showcasing the sector’s shift toward eco-friendly solutions.

The expansion of residential and commercial infrastructure is fueling demand for the furniture rental service. As per NF Group, luxury housing sales in Moscow rose to 1,270 units from January to September 2024, up from 860 units in the same period of 2023, valued at USD 1.14 billion. With households increasingly opting for subscription-based furniture rentals to meet evolving décor needs, the market is set for strong growth.

However, limited awareness among the geriatric population about rental services globally hindered the furniture rental service market growth.

Industry Participants Focus on Partnerships to Reinforce Their Presence

Key players are partnering with financial institutions to raise capital while expanding rental offerings to expand globally. For instance, Furlenco opened two new furniture stores in Bengaluru, India, in September 2023 to strengthen its presence.

List of Key Players Mentioned in the Report

• 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)

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/furniture-rental-service-market-106643

Key Industry Development

• August 2024: Blueground partnered with CORT Furniture Rental to expand its furniture rental and transition services across the U.S. 

Further Report Findings:

• With surging demand in China and India, Asia Pacific captures the key furniture rental service market share. Urban migration and regional expansion by key players, such as Rentomojo’s USD 24.34 million investment in February 2024, are opening new growth avenues.
• Changing consumer preferences for sustainable furnishings are fueling Europe’s furniture market growth. Demand for natural materials such as bamboo and wooden pallets, coupled with evolving décor trends, rising replacements, and major housing investments in Germany and the U.K. (e.g., USD 2.72 billion for 18,000 new homes in the U.K.), is accelerating expansion in the region.
• Driven by booming startups, co-living spaces, and growing student demand, North America holds a considerable share of the market. Major providers such as AFT, CORT, and Feather, along with investments such as Mexico’s USD 5.8 billion in 2024 (a 45% rise), strengthen the region’s market expansion.
• On the basis of material, the market is fragmented into metal, glass, wood, plastic, and others. The wood segment holds the apex position in the furniture rental service market due to its low maintenance requirements and growing consumer trends toward adopting eco-friendly furnishing products.
• As per product, the market is classified into bedroom furniture, kitchen furniture, living room & dining room furniture, and others. The living room & dining room furniture segment is poised to display the second-leading global market share during the study period, owing to the rising acceptance of modular sofas and lounges.

Table of Segmentation