Home Furniture Rental in the US - Industry Market Research Report

Tight squeeze: As individuals become comfortable renting furniture online, market share will be siphoned from companies operating brick-and-mortar locations

The Home Furniture Rental industry serves customers who lease or rent furniture products, including bed frames, couches, dining room tables and other home products. The industry primarily caters to individuals with an immediate short-term need, like college students or those who lack the necessary income or credit to purchase these big-ticket items. This industry is countercyclical to the economy, performing well in difficult economic times when consumer confidence and spending are minimal. Conversely, during good economic times, when disposable income levels are high, credit is more accessible and consumer spending is rising, consumers are more likely to purchase home furniture rather than rent it. Industry revenue has been shrinking at an annualized 3.6% over the past five years and is expected to total $607.3 million in 2023 when revenue will drop an estimated 3.8%. The Home Furniture Rental industry includes companies that rent or lease household furniture to lessees and homeowners. Rental furniture includes dining room, living room and bedroom furniture, as well as lamps, tables and television stands. This industry does not include companies that primarily rent household appliances, electronics or office furniture. Additionally, this industry does not include online retailers or online sales from brick-and-mortar locations. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.