Market Overview:
The global office furniture rental market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The growth of the office furniture rental market can be attributed to various factors such as the increasing demand for modular office furniture, rising trend of co-working spaces, and growing awareness about ergonomics. In terms of type, the global office furniture rental market has been segmented into tables, overhead bins, storage units, and other types. Tables are expected to account for a major share in the overall office furniture rental market during the forecast period owing to their versatility and ability to accommodate multiple users simultaneously.
Product Definition:
Office Furniture Rental is the leasing of furniture for use in an office. This can include desks, chairs, filing cabinets, and other furniture needed to furnish an office. Office Furniture Rental can be a great way to get new furniture without spending a lot of money. It can also be a way to test out new pieces of furniture before making a purchase.
Tables:
Tables are an essential part of any office. They help in providing necessary work space and support required for conducting business operations efficiently. The demand for tables has been increasing with the growing trend of renting out office spaces by small-scale enterprises, particularly startups and IT companies. This is expected to drive the market over the forecast period as these firms need furniture more than others since they have less budget to buy new equipment or furniture on a regular basis.
Overhead Bins:
Overhead bins are used to store items such as files, papers, and other office supplies. They are usually placed above the work surface of a desk or table. Overhead bins can be fixed on the wall or they can be free-standing. The choice of materials for making an overhead bin depends on its intended use - it should be sturdy enough to hold any weight that may fall from above and at the same time should not damage any item stored in it.
Application Insights:
The offline sales segment dominated the global office furniture rental market in 2017. Offline rentals are more expensive than online rentals as they require a delivery and installation at the customer¢â‚¬â„¢s location. The growing trend of working from home has led to an increased demand for furniture that can be easily moved or rearranged, especially in countries such as India and China where space is tight.
The online sales segment is expected to grow at a significant rate over the forecast period owing to its convenience for customers who live in remote locations or have limited mobility due to illness or disability. Online classified ads, e-mail alerts, social media marketing and website promotions are some of the channels used by companies for advertising their products/services directly to potential customers all over the world without them visiting physical showrooms first hand which helps them reach out even more people with their offers resulting in higher revenue generation compared with offline rentals.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to growing online and offline sales of office furniture, increasing number of small & medium enterprises (SMEs), high purchasing power parity (PPP) and favorable government policies & regulations for innovation in business practices.
Asia Pacific is anticipated to witness significant growth over the forecast period owing to rising demand from SMEs, rapid urbanization along with increasing internet penetration and mobile phone usage are some major factors driving regional growth. In addition, improving economic conditions are likely to contribute towards increased spending on office equipment by companies operating from this region thereby fueling industry expansion over the next eight years time span.
Middle East Africa has witnessed a surge in demand for rental services owing their large population base which requires huge space for storage as well as working purposes thus driving up need for rental services such as tables, chairs etc.
Growth Factors:
- Increasing demand for office space: The global demand for office space is increasing rapidly with the rise in the number of startups and businesses. This is driving the growth of the office furniture rental market as more companies are opting for short-term rentals to save on costs.
- Rapid urbanization: The trend of rapid urbanization is leading to an increase in the number of people living in cities, which is fueling the growth of the office furniture rental market as more companies are setting up their offices in urban areas.
- Rising disposable income: With rising disposable incomes, consumers are increasingly spending on luxury items such as high-end office furniture, thereby driving demand for office furniture rentals.
- Technological advancements: Office furniture rental companies are using new technologies such as 3D printing and augmented reality to provide a better customer experience and attract new customers. This is helping to drive growth in this market segment.
Scope Of The Report
Report Attributes
Report Details
Report Title
Office Furniture Rental Market Research Report
By Type
Tables, Overhead Bins, Storage Units, Other
By Application
Online Sales, Offline Sales
By Companies
CORT, Furlenco, Rentmojo, Churchill, Brook, AFR, Arenson, JMT
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
232
Number of Tables & Figures
163
Customization Available
Yes, the report can be customized as per your need.
Global Office Furniture Rental Market Report Segments:
The global Office Furniture Rental market is segmented on the basis of:
Types
Tables, Overhead Bins, Storage Units, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Sales, Offline Sales
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- CORT
- Furlenco
- Rentmojo
- Churchill
- Brook
- AFR
- Arenson
- JMT
Highlights of The Office Furniture Rental Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Tables
- Overhead Bins
- Storage Units
- Other
- By Application:
- Online Sales
- Offline Sales
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Office Furniture Rental Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Office furniture rental is the process of renting office furniture to businesses. This can include desks, chairs, file cabinets, printers and other equipment. Office furniture rental can be a cost-effective way for businesses to get the necessary equipment they need without having to purchase it outright.
Some of the key players operating in the office furniture rental market are CORT, Furlenco, Rentmojo, Churchill, Brook, AFR, Arenson, JMT.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Office Furniture Rental Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Office Furniture Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Office Furniture Rental Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Office Furniture Rental Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Office Furniture Rental Market Size & Forecast, 2018-2028
4.5.1 Office Furniture Rental Market Size and Y-o-Y Growth
4.5.2 Office Furniture Rental Market Absolute $ Opportunity
Chapter 5 Global Office Furniture Rental Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Office Furniture Rental Market Size Forecast by Type
5.2.1 Tables
5.2.2 Overhead Bins
5.2.3 Storage Units
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Office Furniture Rental Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Office Furniture Rental Market Size Forecast by Applications
6.2.1 Online Sales
6.2.2 Offline Sales
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Office Furniture Rental Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Office Furniture Rental Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Office Furniture Rental Analysis and Forecast
9.1 Introduction
9.2 North America Office Furniture Rental Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Office Furniture Rental Market Size Forecast by Type
9.6.1 Tables
9.6.2 Overhead Bins
9.6.3 Storage Units
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Office Furniture Rental Market Size Forecast by Applications
9.10.1 Online Sales
9.10.2 Offline Sales
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Office Furniture Rental Analysis and Forecast
10.1 Introduction
10.2 Europe Office Furniture Rental Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Office Furniture Rental Market Size Forecast by Type
10.6.1 Tables
10.6.2 Overhead Bins
10.6.3 Storage Units
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Office Furniture Rental Market Size Forecast by Applications
10.10.1 Online Sales
10.10.2 Offline Sales
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Office Furniture Rental Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Office Furniture Rental Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Office Furniture Rental Market Size Forecast by Type
11.6.1 Tables
11.6.2 Overhead Bins
11.6.3 Storage Units
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Office Furniture Rental Market Size Forecast by Applications
11.10.1 Online Sales
11.10.2 Offline Sales
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Office Furniture Rental Analysis and Forecast
12.1 Introduction
12.2 Latin America Office Furniture Rental Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Office Furniture Rental Market Size Forecast by Type
12.6.1 Tables
12.6.2 Overhead Bins
12.6.3 Storage Units
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Office Furniture Rental Market Size Forecast by Applications
12.10.1 Online Sales
12.10.2 Offline Sales
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Office Furniture Rental Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Office Furniture Rental Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Office Furniture Rental Market Size Forecast by Type
13.6.1 Tables
13.6.2 Overhead Bins
13.6.3 Storage Units
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Office Furniture Rental Market Size Forecast by Applications
13.10.1 Online Sales
13.10.2 Offline Sales
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Office Furniture Rental Market: Competitive Dashboard
14.2 Global Office Furniture Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CORT
14.3.2 Furlenco
14.3.3 Rentmojo
14.3.4 Churchill
14.3.5 Brook
14.3.6 AFR
14.3.7 Arenson
14.3.8 JMT
