Home » Furniture Rental Service Market Analysis, Development, Revenue, Future Growth and Forecast to 2029

Furniture Rental Service Market Analysis, Development, Revenue, Future Growth and Forecast to 2029

by janeausten

The furniture rental service market size is predicted to reach USD 139.05 billion by 2029 and exhibit a CAGR of 9.6% during the forecast period. Fortune Business InsightsTM has presented this information in its report titled, “Furniture Rental Service Market, 2022-2029”. The market value stood at USD 67.83 billion in 2021 and USD 73.19 billion in 2022.

Closure of Furniture Shops amid COVID-19 Lockdown Constraints to Restrict Market Growth
The indeterminate existence of the COVID-19 lockdown limitations is leading to the closing down of upholstery shops around the globe. Therefore, upholstery shops are observing a deterioration in sales owing to such a limitation. Furthermore, to avert coronavirus infection, common people have restricted themselves to shop furniture pieces from these stores. Such influences are exhibiting difficulties to the complete market growth during the pandemic period.

List of Key Players Covered in the Furniture Market Report

  • Harman Miller Inc. (Michigan, U.S.)
  • Steelcase Inc. (Michigan, U.S.)
  • HNI Corporation (Lowa, U.S.)
  • Ashley Furniture Industries Inc. (Wisconsin, U.S.)
  • Duff & Phelps, LLC. (New York, U.S.)
  • Global Furniture USA (New Jersey, U.S.)
  • ZouYou (Shenzhen, China)
  • P & C ArteMobili SA (Nova Prata, Brazil)
  • Saudi Modern Factory Co. (Riyadh, Saudi Arabia)
  • DEDON GmbH (Luneburg, Germany)
  • Dare Studio (Worthing, England)

Report Coverage

Firstly, The report offers valuable insights obtained by thorough study done by our researchers.

Driving Factors

Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

Increasing Menstrual Literacy Rate to Boost Market Growth

Poor hygiene during menstruation can cause infections and other severe diseases. The increasing awareness for hygiene maintenance during menstruation is expected to boost the growth of the market. Additionally, the increasing menstrual literacy rate escalated education levels, and the surging female workforce is anticipated to be the key drivers for the global feminine hygiene products market growth.

The increasing use of alternative green products and reusable products is likely to stimulate growth for the market. As per the February 2021 article named ‘Making Menstrual Products Eco-friendly,’ published by Plastic Oceans International, a pad user uses approximately 45 billion menstrual products in a lifetime. Therefore, the development of sustainable sanitary products to reduce waste is projected to significantly boost the demand for such products.

The increasing efforts to educate women and girls on menstrual hygiene, and the several menstrual health and hygiene initiatives such as Menstrual Hygiene Day (28th May), are anticipated to boost the market’s growth in the upcoming years. However, the low product accessibility in underdeveloped areas is expected to hinder the market growth.

Regional Insights

Asia Pacific to Hold Dominant Position in the Market through 2028

Asia Pacific market was worth USD

Driving Factors

Steady Launch of Groundbreaking and Lavish Furniture Pieces to Spur Growth

Browse Detailed Summary of Research Report:

https://www.fortunebusinessinsights.com/furniture-rental-service-market-106643

Related Posts

Leave a Comment

MarketFobs is an online webpage that provides business news, tech, telecom, digital marketing, auto news, and website reviews around World.

Contact us: marketfobs.com@gmail.com

@2023 – MarketFobs. All Right Reserved.