India Furniture Rental Market: Opportunities, Size and Growth Projections in Upcoming Years
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 Marke t - By Category, By Business Model, By Furniture, By Tenure, Competition, Forecast & Opportunities, 2024 ”, 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 furnit