Kenneth Research added a report on Home Furnishing Accessories Rental Market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The market is anticipated to grow at a CAGR of XX.X% during the forecast period, i.e., 2022-2031.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Home Furnishing Accessories Rental Market products.
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The Report Title Home Furnishing Accessories Rental Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2025.
The global Home Furnishing Accessories Rental Market reached USD 2,362.40 Million in 2018. In addition, the market is expected to garner USD 4,065.55 Million by the end of 2025 by registering a CAGR of 8.09% across the globe. The global demand for Home Furnishing Accessories Rental is increasing on the back of significant growth of service sector in the region.
“The CAGR value Could change due to COVID-19 Pandemic on Global Industry”
Transformation and generation of startup ecosystem in countries such as India, China, Malaysia, Singapore, Indonesia, Bangladesh South Africa, and Brazil is anticipated to further aid in lead generation for the home furnishing accessories rental market. Other factors such as rapid growth of hospitality industry, urbanization, rise in gross tourist turnout are catalyzing the growth of rental furnishings market over the forecast period.
The global online Home Furnishing Accessories Rental Market reached USD 872.22 Million in 2018. In addition, the market is expected to garner USD 1,571.43 Million by the end of 2025 by registering a CAGR of 8.887% across the globe. Rapid urbanization and increasing penetration power of online distribution channels in developing countries is coherently responsible for the growth of global online Home Furnishing Accessories Rental market over the forecast period.
Asia Pacific is slated to account highest share of 39.07% by 2025 in the Home Furnishing Accessories Rental market. The growth in the region can be attributed to the development in the economic conditions of India, China, Bangladesh and others resulting in significant growth of Home Furnishing Accessories Rental in the region. Europe is slated to account second highest share of 27.79% by 2025 in the Home Furnishing Accessories Rental market. The high concentration of urbanization in developing countries sustains the growth of Europe Home Furnishing Accessories Rental market.
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“The Final Report will cover the impact analysis of COVID-19 on this industry.”
By Product, the window rental segment is considered to be the fastest growing amongst the Home Furnishing Accessories Rental market over the forecast period with USD 717.48 Million in 2018 to USD 1,262.11 Million in 2025. Growth in the segment is transmuted on the account of rising trend towards use of window blinds since the past few years with the continuation of the trend in forthcoming years concurrently.
By Product, textile is considered to be the largest segment amongst the Home Furnishing Accessories rental market over the forecast period with USD 956.92 Million in 2018 to USD 1,637.41 Million in 2025
Points from Table of Content Covered in This Report:
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Assumptions and Acronyms
3. Research Methodology
3.1. Variables (Dependent and Independent)
3.2. MULTI FACTOR BASED SENSITIVITY MODEL
4. Executive Summary-Global Home Furnishing Accessories Rental Market
5. Correlation and Regression Analysis
5.1. Correlation Matrix
5.2. Regression Matrix
6. Policy and Regulatory Landscape
7. Industry Analysis
7.1. Porter’s Five Forces Model
8. Market Dynamics
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Home Furnishing Accessories Rental Market Outlook …Cont….
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