India Furniture Rental Market Set to Surpass Billions by 2016-2026 – TechSci Research

Lower price of furniture and reduced maintenance & shifting cost to drive India furniture rental market during forecast period

According to TechSci Research report, “India Furniture Rental Market By Category, By Business Model, By Furniture, By Tenure, Competition, Forecast & Opportunities, 2026”, furniture rental market in India is at a nascent stage and is anticipated to grow at a brisk during the forecast period. Factors such as increase in the trend of renting instead of purchasing furniture, rising disposable income and need of furniture for immediate short-term needs are propelling the growth of the furniture rental market across the country. India furniture rental market was valued at around $ 800 million in 2018 and the market is anticipated to witness significant growth in the next five years. Generally, bachelors opt for rented furniture and constitute 60% of customers. Moreover, the customers are no longer interested in the permanent ownership of their furniture and are instead opting for rented ones. Renting furniture is considered convenient and money saving, which is driving India furniture rental market. Additionally, emerging growth of e-commerce sector has made the process more convenient and affordable for the people to rent the furniture by going through various online channels.

Browse  market data Figures and Tables spread through  Pages and an in-depth TOC on "India Furniture Rental Market" https://www.techsciresearch.com/report/india-furniture-rental-market/4224.html

India furniture rental market can be segmented based on category, business model, furniture and tenure and region. In terms of category, domestic furniture is expected to observe huge demand during the forecast period on account of young population including corporate employees and students looking for rented furniture at reduced cost for short duration of time. Major players operating in the furniture rental market include Rentomojo, CityFurnish, Furlenco, Rentickle, GrabOnRent, RentOnGo, Pepperfry, Fabrento, Guarented, among others. The companies operating in the market are either tying up with vendors or have self-inventories for quality offerings to the customers. Also, companies in this domain are offering services such as ease of movement of furniture from one city to another without extra charge and no rent for the first month of the furniture in order to attract customers. In the last few years, furniture rental market has witnessed emergence of several new start-ups such as RentOnGo, Fabrento, among others. Additionally, customers from tier 1 cities are witnessing significant adoption of furniture rental. After the success of furniture rental in tier 1 cities, companies are eyeing tier 2 and tier 3 cities in order to increase their share. 

Download Free Sample Report @ https://www.techsciresearch.com/sample-report.aspx?cid=4224
Customers can also request for 10% free customization on this report. 

“India furniture rental market is anticipated to grow at an impressive CAGR over the next five years on account of benefits such as free installation and delivery and bargaining for prices based on the duration of ownership of furniture. Moreover, plethora of options to choose from and convenient shifting of furniture in various cities with no additional cost, is further driving the furniture rental market in India.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“India Furniture Rental Market By Category, By Business Model, By Furniture, By Tenure, Competition, Forecast & Opportunities, 2026” has analyzed the potential of furniture rental market across the country, and provides statistics and information on market sizes, shares and trends. The report will suffice in providing the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by India furniture rental market.

Contact
Mr. Ken Mathews
708 Third Avenue,
Manhattan, NY,
New York – 10017
Tel: +1-646-360-1656
Email: sales@techsciresearch.com

Comments

Post a Comment

Popular posts from this blog

India Exfoliators & Scrub Market 2016-2026: Regional Analysis and Forecast | TechSci Research

Image
India exfoliators & scrub market is projected to witness significant growth by 2026, owing to the growing awareness towards getting proper & healthy skin among both men and women population of the country. Concerns like skin pigmentation, acne marks, discoloration and age spots are further supporting the demand for exfoliators and scrubs.  Moreover, the rising per capita income of the country is enabling consumers to spend on products like exfoliators and scrubs. The entry of leading international brands and launch of new products is expected to drive the India exfoliators and scrub market during the forecast period. Exfoliators and scrubs help in removing the dead skin cell present on the skin’s outermost surface. They consist of fine diatoms which protect the skin’s surface. The market is also witnessing high demand for herbal exfoliators and scrubs as consumers are now getting more aware about the harmful effects of chemical-based products on their skin. Further, rising dema
Read more

Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market: Opportunities, Size and Growth Projections in Upcoming Years

Image
  Increasing HVAC installations, growing infrastructure and increasing tourism sector are propelling the growth of Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market. According to TechSci Research report,  “Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services Market - Industry Size, Share, Trends, Competition, Opportunities and Forecast, 2018- 2028F, ”  the Saudi Arabia Testing, Adjusting, and Balancing (TAB) Services market is expected to grow during the forecast period owing to the factors such as rising infrastructural activities, various events organized by government, and rising demand from the commercial sector. As well as promoting sustainable and energy-efficient systems, initiatives and activities are required to influence people's attitudes toward minimizing food loss and waste (FLW) through the use of HVAC systems. The Saudi Arabian refrigeration sector is expanding rapidly as there is an increasing need to prevent food waste. The need for HVAC
Read more

India Electric Rice Cooker Market 2018-2028: Emerging Opportunities | TechSci Research

Image
Increase in working professionals and the creation of new products will fuel the electric rice cooker market through the forecast period. According to TechSci Research report, “ India Electric Rice Cooker Market   – By Region Competition Forecast and Opportunities , 2018-2028F”  India's electric rice cooker market is forecasted to grow at an impressive CAGR during the forecast period because of reduced household spending and transition to electrical appliances. Growing acceptance of corporate work cultures, rising living standards, and an increase in the number of nuclear families all contribute to the market's expansion. I In addition to that, due to the availability of multifunction cooking appliances with smart functions, which is fueling the demand for electric rice cookers, the market for these appliances is anticipated to grow steadily during the anticipated period. The Go Electric campaign was started by the Indian government in February 2021 to raise public knowledge of
Read more