Furniture Rental Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Beds, Wardrobes and Others), By Material (Wood, Plastic), By Application (Residential and Commercial), By Region, By Competition Forecast & Opportunities 2021-2031F

Forecast Period	2027-2031
Market Size (2025)	USD 57.29 Billion
CAGR (2026-2031)	6.97%
Fastest Growing Segment	Residential
Largest Market	North America
Market Size (2031)	USD 85.83 Billion

Market Overview

The Global Furniture Rental Market will grow from USD 57.29 Billion in 2025 to USD 85.83 Billion by 2031 at a 6.97% CAGR. The global furniture rental market is defined as a service model wherein residential or commercial furnishings are leased for a temporary period, offering users access to essential items without the financial commitment of ownership. The primary drivers supporting market growth include the increasing mobility of the global workforce, which necessitates flexible, short-term housing solutions, and a corporate shift toward reducing capital expenditures in favor of operational agility. Additionally, the rising prioritization of the circular economy supports expansion, as businesses and individuals increasingly seek to reduce environmental impact through shared resource utilization.

However, a significant challenge impeding broader market expansion is the complexity of reverse logistics, particularly the high operational costs associated with retrieving, sanitizing, and refurbishing inventory for redistribution. This logistical burden often limits profit margins and prevents rapid scaling into new geographic territories. According to the American Rental Association, in 2024, the event rental segment, a major category heavily reliant on furniture inventory, contributed between $5 billion and $10 billion to the industry's total revenue.

Key Market Drivers

Rapid Urbanization and Increasing Global Workforce Mobility are primary engines propelling the global furniture rental market, as professionals and businesses increasingly prioritize access over ownership. This shift is driven by a mobile workforce requiring flexible, short-term arrangements without the logistical burden of moving heavy furnishings. Consequently, investment is flowing into platforms catering to this "asset-light" lifestyle to meet the needs of transient urban populations. For instance, according to Entrepreneur India, February 2024, in the article 'Furniture Rental Startup Rentomojo Secures INR 210 Cr', Rentomojo raised INR 210 crore to expand its operations, validating the growing demand for flexible rental solutions. The financial scale of the sector is further evidenced by established players capitalizing on these consumption changes; according to Upbound Group, Inc., October 2024, in the 'Third Quarter 2024 Results', the company reported consolidated revenues of $1.06 billion, highlighting the substantial market activity driven by the demand for flexible leasing models.

Concurrently, the Increasing Focus on Sustainability and Circular Economy Principles is reshaping the industry, pushing consumers toward models that extend product lifecycles and minimize waste. By circulating high-quality furniture through multiple users, rental services effectively decouple economic value from resource extraction, addressing the growing environmental concerns associated with "fast furniture." This transition is being actively operationalized by major industry stakeholders through take-back and refurbishment programs designed to close the loop on product usage. According to Ingka Group, January 2025, in the 'Annual & Sustainability Report FY24', the company scaled up its circular services by buying back over 495,000 used products from customers, demonstrating a significant commitment to keeping furnishings in circulation and reducing the environmental footprint of the sector.

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Key Market Challenges

The complexity of reverse logistics, particularly the high operational costs associated with inventory retrieval and refurbishment, acts as a substantial barrier to the expansion of the Global Furniture Rental Market. Unlike traditional retail models where logistics largely end at delivery, rental providers must fund a continuous, costly cycle of collection, sanitization, and repair. This requirement necessitates a dense network of local warehousing and maintenance hubs, which significantly increases overhead and prevents companies from easily scaling into new geographic regions without heavy upfront investment. Consequently, profit margins are constantly under pressure, forcing operators to limit their service areas to high-density urban zones.

This logistical burden is intensified by escalating industry-wide costs. According to the Reverse Logistics Association, in 2024, the returns cost index surged to 235.6, indicating that the expense of managing returned inventory is rising considerably faster than the volume of returns itself. This trend of disproportionate cost increases hampers the market's ability to offer competitive pricing against furniture ownership, thereby restricting the customer base to short-term users and reducing overall market penetration rates.

Key Market Trends

Furniture rental companies are increasingly shifting from traditional leasing to subscription-based models, offering tiered pricing, flexible tenures, and bundled services like free relocation, maintenance, and swapping to foster long-term customer retention. This strategic pivot transforms the value proposition from simple temporary access into a comprehensive lifestyle service, effectively stabilizing recurring revenue streams while catering to the dynamic needs of modern consumers who prefer access over asset heavy ownership. Highlighting the success of this operational shift, according to ETRetail, September 2025, Rentomojo closed the fiscal year 2025 with revenues between INR 260 crore and INR 270 crore, underscoring the robust market demand for flexible, service-inclusive subscription ecosystems.

Concurrently, there is a growing trend towards "affordable luxury," where rental platforms offer high-end, designer, and statement furniture pieces that would be prohibitively expensive to purchase outright, catering to aspirational millennials and temporary staging needs. This approach allows consumers to access premium aesthetics and keep pace with evolving interior design trends without the substantial capital outlay or depreciation risks associated with ownership. Validating the financial impact of this segmentation, according to Entrackr, October 2025, Furlenco’s strategic emphasis on high-end offerings has been instrumental in its recent financial recovery, with the premium furniture segment now contributing approximately 40% of the company's total revenue.

Segmental Insights

The residential sector represents the fastest-growing segment within the global furniture rental market, primarily driven by increasing workforce mobility and a paradigm shift toward the sharing economy. As consumers, particularly younger demographics, prioritize flexibility over asset ownership, there is a rising preference for renting furnishings to accommodate short-term housing arrangements and frequent relocations. This approach allows individuals to avoid the high upfront costs and logistical challenges associated with purchasing and moving heavy items. Consequently, the demand for temporary, cost-effective furnishing solutions for apartments and rental homes continues to accelerate market expansion in this category.

Regional Insights

North America maintains a leading position in the global furniture rental market, driven by high corporate mobility and a cultural shift toward temporary housing solutions. The dominance of the United States is largely attributed to a robust corporate relocation sector and the rising costs of property ownership, which encourage consumers to rent rather than purchase essential items. Additionally, the widespread adoption of the sharing economy has normalized subscription models for residential and commercial furnishings. The presence of established market players offering comprehensive rental packages further solidifies the region's status as a primary hub for these services.

Recent Developments

• In November 2025, Cityfurnish, a leading furniture and home appliance rental brand in India, announced the launch of its services in three new cities: Hosur, Chennai, and Jaipur. This expansion marked a significant milestone in the company's mission to make premium furniture and home solutions accessible to a wider urban population. The Co-Founder and CEO of Cityfurnish remarked that the launch was focused on connecting with communities and delivering affordable, stylish, and convenient rental solutions. The company aims to address the changing lifestyles of urban residents by providing flexibility without the burden of ownership.
• In August 2024, Blueground, a global operator of furnished flexible rentals, announced a strategic partnership with CORT Furniture Rental, a leading provider of furniture rental and transition services in the U.S. This collaboration was designed to expand Blueground’s On Demand housing business across the country by utilizing CORT’s furniture to furnish living spaces. The partnership aimed to offer high-quality, personalized living experiences for corporate travelers and other clients. The VP of Strategic Partnerships at Blueground highlighted that the alliance would enhance their service offerings and strengthen their industry position.
• In June 2024, Acima Leasing, a business of Upbound Group, Inc., announced an exclusive, multi-year partnership with Slumberland Furniture, a top furniture retailer. This collaboration enabled Acima to offer its lease-to-own solutions at Slumberland’s corporate stores across Iowa, Illinois, Kansas, South Dakota, and Nebraska, as well as at franchise locations. The SVP of Business Development and Partnerships at Acima stated that the partnership would allow consumers with less-than-perfect credit to access brand-name furniture and mattresses. The initiative aimed to improve inclusivity for credit-challenged customers through lease-purchase transactions.
• In February 2024, Rentomojo, a Bengaluru-based furniture and appliance rental company, secured an investment of Rs 210 crore ($25 million) in a Series D and D1 funding round. The round was led by Edelweiss Discovery Fund Series – I, with participation from existing investors. The company stated that this capital infusion would be utilized to continue developing its appliance and furniture rental category in India and to expand its geographical footprint. The Founder and CEO of Rentomojo noted that the funding would serve as a launchpad for the company to lead the segment profitably while maintaining a focus on enhancing the customer experience.

Key Market Players

• KIERAYA FURNISHING SOLUTIONS PRIVATE LIMITED
• FERNISH, INC
• RENTOMOJO PRIVATE LIMITED
• Brook Furniture Rental, Inc
• Rent-A-Center
• Luxe Modern Rentals
• EVEREST RENTALS PRIVATE LIMITED
• Fernished Inc.
• Athoor Party & Entertainment Services
• Fashion Furniture Rental

By Product	By Material	By Application	By Region
Beds Wardrobes and Others	Wood Plastic	Residential and Commercial	North America Europe Asia Pacific South America Middle East & Africa

Report Scope:

In this report, the Global Furniture Rental Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

• Furniture Rental Market, By Product:

• Beds
• Wardrobes and Others

• Furniture Rental Market, By Material:

• Wood
• Plastic

• Furniture Rental Market, By Application:

• Residential and Commercial

• Furniture Rental Market, By Region:

• North America
• United States
• Canada
• Mexico
• Europe
• France
• United Kingdom
• Italy
• Germany
• Spain
• Asia Pacific
• China
• India
• Japan
• Australia
• South Korea
• South America
• Brazil
• Argentina
• Colombia
• Middle East & Africa
• South Africa
• Saudi Arabia
• UAE