According to Cognitive Market Research, the global Renters Insurance market size is USD 8951.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 8.00% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD xx million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share for more than 5% of the global revenue with a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD xx million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Personal Possessions held the highest Renters Insurance market revenue share in 2024.

Key Drivers for Renters Insurance Market

Increasing Partnerships and Distribution Channels to Increase the Demand Globally

Increasing partnerships and distribution channels are driving the renters insurance market by expanding accessibility and awareness among potential customers. Collaborations between insurers, property management companies, landlords, and online rental platforms enable renters to easily access insurance options as part of their rental agreements or through bundled services. This approach not only simplifies the purchasing process but also enhances the perceived value of renters insurance, making it a more integral part of the rental experience. Moreover, strategic partnerships allow insurers to leverage existing customer bases and reach new demographics, such as younger renters and urban dwellers, who may benefit from comprehensive coverage options tailored to their specific needs and lifestyles. These partnerships foster market growth by tapping into diverse distribution channels and improving overall market penetration.

Rising Awareness and Education are driving the renters insurance market.

Rising awareness and education are significant drivers of the renters insurance market due to their impact on consumer understanding and perception of risk. As more renters become informed about the potential financial losses from events like theft, fire, or natural disasters, they recognize the value of insurance in protecting their personal belongings and liabilities. Increased education efforts by insurers, government agencies, and rental property managers emphasize the benefits of renters insurance, encouraging broader adoption. Moreover, awareness campaigns highlight policy options, coverage benefits, and affordability, addressing common misconceptions and objections. This heightened awareness not only boosts demand but also fosters a proactive approach among renters to secure financial protection, thereby driving growth in the renters insurance market globally.

Restraint Factor for the Renters Insurance Market

Growing Cost Considerations to Limit the Sales

Growing cost considerations restrain the renters insurance market as affordability becomes a significant factor for potential customers. Renters may prioritize other expenses over insurance premiums, especially in regions where economic conditions or rental costs are high. Insurers face challenges in balancing premium rates to remain competitive while providing comprehensive coverage. Additionally, the perception of insurance as an added expense without immediate perceived benefits can deter some renters from purchasing policies. Addressing these cost considerations requires insurers to innovate with flexible pricing structures, bundle insurance with other services, and educate renters on the long-term financial benefits of insurance coverage. Enhancing transparency in pricing and emphasizing the value of protection against unforeseen events are essential to mitigate these restraints and stimulate market growth.

Opportunity for the Renters Insurance Market

Smart Home Integration as an opportunity to improve profits for the market.

The renters insurance market has a...

In 2022, the largest tenant of SITE Centers tenant based on the share in total annualized rental revenues was TJX Companies, accounting for over five percent of the share of the total shopping center base rental revenue. SITE Centers Corp., formerly DDR Corp. and Developers Diversifies Realty, is an American owner and manager of open-air shopping centers located in suburban, high household income communities.

The DIY and hardware category was estimated to be the consumer goods category which generated the highest revenue from rentals in 2022 by a considerable margin. According to Statista estimates, the revenue from DIY and hardware rentals was forecast to more than ****** from 2022 to 2026.

UAB "TOP RENT" financial data: profit, annual turnover, paid taxes, sales revenue, equity, assets (long-term and short-term), profitability indicators.

Graph and download economic data for Other Financial Information: Estimated Monthly Rental Value of Owned Home by Deciles of Income Before Taxes: Highest 10 Percent (91st to 100th Percentile) (CXU910050LB1511M) from 2014 to 2023 about owned, information, percentile, rent, tax, financial, income, housing, estimate, and USA.

As per Cognitive Market Research's latest published report,The Europe Landlord Insurance market size will be $27,770.62 Million by 2028.The Europe Landlord Insurance Industry's Compound Annual Growth Rate will be 7.94% from 2023 to 2030. What is Driving Landlord Insurance Industry Growth?

Rising demand of rental properties

It is said that the best investment is a land investment. Population across the globe follows these proverbs and invest their saving in buying homes. The housing process in European countries were observed at its peak which were derived by the large investors. The institutional investors including private equity and pension funds has raise the houses prices in the European countries. The volume of purchases in Europe hit €64bn (£53bn) in 2020, with about €150bn value of housing stock conservatively estimated to be in the hands of such large investors. According to Preqin private database of investors, Berlin, with €40bn worth of housing assets in institutional portfolios is at top followed by London, Amsterdam, Paris and Vienna.

The data from Berlin’s Free University states that the Europe’s housing has become increasingly attractive asset class for investors owing to near-zero interest rates and cheering regulatory outlines. The data from European central bank shows that the real estate funds in the Eurozone reached €1tn in 2021 in which residential assets are consider as progressively central part. The institutional investors’ residential transactions between 2012 and 2021 was increased in Germany, Denmark followed by Netherlands.

Significant occupancy of residential and commercial properties by institutional investors led to the undersupply of housing across the continent and results in the increasing rental rates. Owing to the chronic undersupply of housing in several European countries, the population of the tenants increases which simultaneously increases the demand of rental properties in Europe. Moreover, the capability of population to purchase house is also decreasing with the increasing annual house prices. The data shows a surge in rents by 16.0 % and house prices by 38.7 % from 2010 to third quarter of 2021 in Europe. The rent and houses price in Europe has increased by 1.2 % and 9.2 % respectively from third quarter of 2021 to third quarter of 2020.

Landlord insurance is applicable to rental properties only. Hence, with the increasing demand of rental properties in Europe is driving the growth of landlord insurance market.

Increase in natural disasters is propelling market growth

Restraint of the Europe Landlord Insurance Market

Inadequate information related to landlord insurance policies.(Access Detailed Analysis in the Full Report Version)

Opportunities of the Europe Landlord Insurance Market

Introduction of new technologies in insurance industry.(Access Detailed Analysis in the Full Report Version)

What is Landlord Insurance?

Landlord Insurance is a sort of homeowner's insurance that protects homeowners against financial losses associated with rental properties. This insurance includes coverage for fire and other dangers, as well as theft and intentional damage.

Several European nations are quickly implementing landlord insurance for their buildings. Property and liability protection are two forms of coverage that are commonly included in insurance policies. Both insurance policies are designed to protect both the landlord and the renters from financial losses.

Damage to property, income replacement, liability insurance, and add-on coverage are all covered by landlord insurance. It assists clients in protecting themselves from financial losses caused by natural catastrophes, injuries, accidents, and other liability concerns.

It also provides payment for lost rent, repairs, and property replacement that are covered by landlord insurance.

Landlord liability insurance, landlord buildings insurance, landlord contents insurance, loss of rent insurance, tenant default insurance, accidental damage insurance, alternative accommodation insurance, unoccupied property insurance, and legal expenses insurance are among the various types of landlord insurance.

In Europe, several online and offline landlord insurance businesses offer solutions for both residential and commercial properties. This landlord insurance migh...

In 2024, Macerich's largest shopping mall tenant based on share in total rents in the United States was Victoria’s Secret & Co, which accounted for around 2.1 percent of the company's rental revenue. Foot Locker, Inc. and Dick's Sporting Goods, Inc. followed closely behind.

Revenue for apartment lessors has expanded through the end of 2025. Apartment lessors collect rental income from rental properties, where market forces largely determine their rates. The supply of apartment rentals has grown slower than demand, which has elevated rental rates for lessors' benefit. As the Federal Reserve hiked interest rates 11 times between March 2022 and January 2024, homeownership was pushed beyond the reach of many, resulting in a tighter supply and increased demand for rental properties. Despite three interest rate cuts in 2024, mortgage rates have remained high, further encouraging consumers to rent. Revenue has climbed at a CAGR of 2.9% over the past five years and is expected to reach $299.7 billion by the end of 2025. This includes an anticipated 3.0% gain in 2025 alone. The increasing unaffordability of housing is caused by the steady climb of mortgage rates and high prices maintained by a low supply. Supply has been held down as buyers who locked in low rates stay put, and investment groups hold a strategic number of their properties empty as investments. Industry profit has remained elevated because of solid demand for apartment rentals. Through the end of 2030, the apartment rental industry's future performance is likely to be shaped by varying factors. The apartment supply in the US, which hit a record in 2024, is expected to taper off, which will, in turn, push rental prices and occupancy rates up to the lessors' benefit. Other factors, such as further interest rate cuts, decreasing financial barriers to homeownership, and a high rate of urbanization, will also significantly impact the industry. Wth approximately 80.7% of the US population living in urban areas, demand for apartment rentals will strengthen, although rising rental prices could force potential renters to cheaper suburbs. Demand will continue to outpace supply growth, prompting a climb in revenue. Revenue is expected to swell at a CAGR of 2.8% over the next five years, reaching an estimated $344.3 billion in 2030.

Graph and download economic data for Consumer Unit Characteristics: Percent Renter by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXU980260LB0106M) from 1984 to 2023 about consumer unit, percentile, rent, tax, percent, income, and USA.

Graph and download economic data for Income Before Taxes: Interest, Dividends, Rent Income, Property Income by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXUINDIVRNTLB0106M) from 1984 to 2023 about dividends, percentile, rent, tax, interest, income, and USA.

This map shows housing costs as a percentage of household income. Severe housing cost burden is described as when over 50% of income in a household is spent on housing costs. For renters it is over 50% of household income going towards gross rent (contract rent plus tenant-paid utilities). Miami, Florida accounts for the having the highest population of renters with severe housing burden costs.The map's topic is shown by tract and county centroids. This service is updated annually to contain the most currently released American Community Survey (ACS) 5-year data, and contains estimates and margins of error. There are also additional calculated attributes related to this topic, which can be mapped or used within analysis. Income is based on earnings in past 12 months of survey. Current Vintage: 2015-2019ACS Table(s): B25070, B25091Data downloaded from: Census Bureau's API for American Community Survey Date of API call: December 10, 2020National Figures: data.census.govThe United States Census Bureau's American Community Survey (ACS):About the SurveyGeography & ACSTechnical DocumentationNews & UpdatesThis map can be used within ArcGIS Pro, ArcGIS Online, its configurable apps, dashboards, Story Maps, custom apps, and mobile apps. Data can also be exported for offline workflows. Please cite the Census and ACS when using this data.Data Note from the Census:Data are based on a sample and are subject to sampling variability. The degree of uncertainty for an estimate arising from sampling variability is represented through the use of a margin of error. The value shown here is the 90 percent margin of error. The margin of error can be interpreted as providing a 90 percent probability that the interval defined by the estimate minus the margin of error and the estimate plus the margin of error (the lower and upper confidence bounds) contains the true value. In addition to sampling variability, the ACS estimates are subject to nonsampling error (for a discussion of nonsampling variability, see Accuracy of the Data). The effect of nonsampling error is not represented in these tables.Data Processing Notes:This layer is updated automatically when the most current vintage of ACS data is released each year, usually in December. The layer always contains the latest available ACS 5-year estimates. It is updated annually within days of the Census Bureau's release schedule. Click here to learn more about ACS data releases.Boundaries come from the US Census TIGER geodatabases. Boundaries are updated at the same time as the data updates (annually), and the boundary vintage appropriately matches the data vintage as specified by the Census. These are Census boundaries with water and/or coastlines clipped for cartographic purposes. For census tracts, the water cutouts are derived from a subset of the 2010 AWATER (Area Water) boundaries offered by TIGER. For state and county boundaries, the water and coastlines are derived from the coastlines of the 500k TIGER Cartographic Boundary Shapefiles. The original AWATER and ALAND fields are still available as attributes within the data table (units are square meters). The States layer contains 52 records - all US states, Washington D.C., and Puerto RicoCensus tracts with no population that occur in areas of water, such as oceans, are removed from this data service (Census Tracts beginning with 99).Percentages and derived counts, and associated margins of error, are calculated values (that can be identified by the "_calc_" stub in the field name), and abide by the specifications defined by the American Community Survey.Field alias names were created based on the Table Shells file available from the American Community Survey Summary File Documentation page.Negative values (e.g., -4444...) have been set to null, with the exception of -5555... which has been set to zero. These negative values exist in the raw API data to indicate the following situations:The margin of error column indicates that either no sample observations or too few sample observations were available to compute a standard error and thus the margin of error. A statistical test is not appropriate.Either no sample observations or too few sample observations were available to compute an estimate, or a ratio of medians cannot be calculated because one or both of the median estimates falls in the lowest interval or upper interval of an open-ended distribution.The median falls in the lowest interval of an open-ended distribution, or in the upper interval of an open-ended distribution. A statistical test is not appropriate.The estimate is controlled. A statistical test for sampling variability is not appropriate.The data for this geographic area cannot be displayed because the number of sample cases is too small.

Graph and download economic data for Income Before Taxes: Interest, Dividends, Rent Income, Property Income by Highest Education: College Graduate: Total (CXUINDIVRNTLB1407M) from 2012 to 2023 about dividends, rent, tertiary schooling, tax, education, interest, income, and USA.

The one-time top-up to the Canada Housing Benefit helped low-income renters with the cost of renting. To be eligible for the tax-free one-time payment of $500, applicants must have filed their 2021 income tax return. They must have had a 2021 adjusted family net income of $35,000 or less for families, or $20,000 or less for individuals, and paid at least 30% of their 2021 adjusted family net income towards rent in the 2022 calendar year. These tables contain statistics by province, age, gender, adjusted family net income, family type and forward sortation area.

Graph and download economic data for Expenditures: Rented Dwellings by Quintiles of Income Before Taxes: Highest 20 Percent (81st to 100th Percentile) (CXURNTDWELLLB0106M) from 1984 to 2023 about percentile, rent, tax, expenditures, income, housing, and USA.

Party Supply Rental providers rent tables, chairs, audio equipment, tents and other related supplies to host events. Through the end of 2024, rising disposable income and growth in downstream markets have spurred demand for events that require party supplies. However, the pandemic hurt sales as large gatherings were prohibited to prevent the virus spread. Nonetheless, a mixture of robust growth in marriage rates, coupled with pent-up consumer demand following the pandemic, enabled a rapid recovery for rental providers. Revenue is expected to swell at a CAGR of 1.8% to $7.3 billion through the end of 2024, despite a forecast dip of 0.2% in 2024. Party rental providers endured a challenge with price-conscious consumers turning to the Internet to compare prices. Most of the largest providers now have comprehensive solutions to event planning, such as detailed diagrams of equipment layouts and event consultations. Many smaller providers have partnered with catering and planning companies to deliver a range of services to their clients, enabling them to avoid price-based competition. These value-added offerings helped boost revenue before the pandemic. Party supply rental providers have become more competitive as low barriers to entry and high profit caused many businesses to enter the marketplace. These trends caused intense price-based competition among suppliers, forcing companies to offer promotions and discounts on their products and services to stay competitive, which constrained profit. Moving forward, demand for party supplies will continue to expand as economic growth encourages consumers and businesses to host events. Differentiating from competitors with innovative party supplies will bolster prices as companies can charge more for their services. Companies are also leveraging technologies to ensure the timely and cost-effective use of labor. Technology also improves consumer insights and helps rental providers make adjustments to improve sales in the future. Although a recovery in consumer demand will stabilize profitability, heightened inflationary pressures may dampen growth opportunities. Revenue is expected to climb at a CAGR of 2.0% to $8.1 billion through the end of 2029.

This statistic shows the leading car rental firms in the United States in 2015, by revenue. The car rental firm Avis Budget Group ranked third among the leading companies with a revenue of 3.25 billion U.S. dollars in 2015.