India furniture rental market is anticipated to grow at an impressive rate during the forecast period on account of increasing working class population and rising disposable income. The practice of renting instead of purchasing furniture has proven to be beneficial for consumers due to lower price with reduced expense and maintenance, which would drive the furniture rental market across India. Moreover, increase in the intra country migration and growth in the mobility are further contributing to the growing clientele looking for rented furniture. Additionally, professionals with transferrable jobs generally choose rented furniture instead of permanent ones to avoid hassles of shifting furniture to different places.

India furniture rental market can be segmented based on category, business model, furniture, tenure and region. In terms of furniture, the market can be segregated into sofa, wardrobe, bed, among others. Bed category acquired the majority share in 2018 and the trend is likely to continue in the forthcoming years as well. This is due to the fact that bed is the primary requirement of customers moving to new places and rest of the furniture items in the category are generally add-ons. On the basis of tenure, the market can be segmented into upto 1 year, 1-2 year and over 2 years. Among them, 1-2 year is the preferred duration of renting by the youngsters.

Some of the companies operating in India furniture rental market are Rentomojo, CityFurnish, Furlenco, Rentickle, GrabOnRent, RentOnGo, Pepperfry, Fabrento, Guarented, among others. The companies operating in this growing market are trying to cater to the metropolitan way of life and are adding appealing features to their furniture while reducing the weight. Also, companies are expanding their portfolio by including segments such as kids’ furniture.

 

Years considered for this report:

Historical Years: 2014-2017

Base Year: 2018

Estimated Year: 2019

Forecast Period: 2020–2024

Objective of the Study:

  • To analyze and forecast the market size of India furniture rental market.
  • To classify and forecast India furniture rental market based on category, business model, furniture, tenure and regional distribution.
  • To identify drivers and challenges for India furniture rental market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India furniture rental market.
  • To conduct the pricing analysis for India furniture rental market.
  • To identify and analyze the profile of leading players operating in India furniture rental market.


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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated the market size of India furniture rental market by using a bottom-up approach, where data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Furniture rental companies and other stakeholders
  • Research organizations and consulting companies
  • Government bodies such as regulating authorities and policy makers
  • Organizations, forums and alliances related to furniture rental market   

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as service providers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, India furniture rental market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Market, By Category:
    • Domestic Furniture
    • Corporate Furniture
    • Others
  • Market, By Business Model:
    • Self Inventory
    • Tie-Up With Various Vendor
    • Verified Vendor
  • Market, By Furniture:
    • Sofa
    • Wardrobe
    • Bed
    • Others
  • Market, By Tenure:
    • Upto 1 Year
    • 1-2 Year
    • Over 2 Years
  • Market, By Region:
    • North Region
    • South Region
    • East Region
    • West Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in India furniture rental market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).
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1.     Product Overview

2.     Research Methodology

3.     Executive Summary

4.     Voice of Customer

5.     India Furniture Rental Market Outlook

5.1.   Market Size & Forecast

5.1.1. By Value

5.2.   Market Share & Forecast

5.2.1. By Category (Domestic Furniture; Corporate Furniture; Others)

5.2.2. By Business Model (Self Inventory; Tie-Up With Various Vendor; Verified Vendor)

5.2.3. By Furniture (Sofa; Wardrobe; Bed; Others)

5.2.4. By Tenure (Upto 1 Year; 1-2 Year; Over 2 Years)

5.2.5. By Region (North, South, East, West)

5.2.6. By Company (2018)

5.3.   Market Attractiveness Index

6.     North India Furniture Rental Market Outlook

6.1.   Market Size & Forecast

6.1.1. By Value  

6.2.   Market Share & Forecast

6.2.1. By Business Model

6.2.2. By Furniture

6.2.3. By Tenure

7.     West India Furniture Rental Market Outlook

7.1.   Market Size & Forecast

7.1.1. By Value  

7.2.   Market Share & Forecast

7.2.1. By Business Model

7.2.2. By Furniture

7.2.3. By Tenure

8.     South India Furniture Rental Market Outlook

8.1.   Market Size & Forecast

8.1.1. By Value  

8.2.   Market Share & Forecast

8.2.1. By Business Model

8.2.2. By Furniture

8.2.3. By Tenure

9.     East India Furniture Rental Market Outlook

9.1.   Market Size & Forecast

9.1.1. By Value  

9.2.   Market Share & Forecast

9.2.1. By Business Model

9.2.2. By Furniture

9.2.3. By Tenure

10.  Market Dynamics

10.1.              Drivers

10.2.              Challenges

11.  Market Trends & Developments

12.  Policy & Regulatory Landscape

13.  India Economic Profile

14.  Competitive Landscape

14.1.              Company Profile

14.2.              Rentomojo

14.3.              CityFurnish

14.4.              Furlenco

14.5.              Rentickle

14.6.              GrabOnRent

14.7.              RentOnGo

14.8.              Pepperfry

14.9.              Fabrento

14.10.            Guarented

15.  Strategic Recommendations

16.  About Us & Disclaimer

 (Note: The companies list can be customized based on the client requirements)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com