Cities in the United States dominate the list of cities with the highest rents worldwide. New York was ranked as the most expensive city to rent in, ahead of San Francisco, with an index score of ***. Boston followed in third.

In 2024, the annual rent of a retail space in Upper 5th Avenue (49th to 60th Sts) in New York amounted to 2,000 U.S. dollars per square foot, making it the second-most expensive high street worldwide. Via Montenapoleone in Milan ranked top, with prime rents amounting to 2,047 U.S. dollars.

The statistic shows the world's most expensive retail locations in 2013, by the annual cost of rent (in euros per square meter). Rent for retail space on Fifth Avenue in New York cost about ****** euros per square meter in 2013.

Amsterdam is set to maintain its position as Europe's most expensive city for apartment rentals in 2025, with median costs reaching 2,500 euros per month for a furnished unit. This figure is double the rent in Prague and significantly higher than other major European capitals like Paris, Berlin, and Madrid. The stark difference in rental costs across European cities reflects broader economic trends, housing policies, and the complex interplay between supply and demand in urban centers. Factors driving rental costs across Europe The disparity in rental prices across European cities can be attributed to various factors. In countries like Switzerland, Germany, and Austria, a higher proportion of the population lives in rental housing. This trend contributes to increased demand and potentially higher living costs in these nations. Conversely, many Eastern and Southern European countries have homeownership rates exceeding 90 percent, which may help keep rental prices lower in those regions. Housing affordability and market dynamics The relationship between housing prices and rental rates varies significantly across Europe. As of 2024, countries like Turkey, Iceland, Portugal, and Hungary had the highest house price to rent ratio indices. This indicates a widening gap between property values and rental costs since 2015. The affordability of homeownership versus renting differs greatly among European nations, with some countries experiencing rapid increases in property values that outpace rental growth. These market dynamics influence rental costs and contribute to the diverse rental landscape observed across European cities.

Barcelona, Madrid, and Donostia - San Sebastian were some of the most expensive cities to rent a house in Spain in February 2025. Barcelona, which is the capital of Catalonia, led the list with an average price of **** euros per square meter. Madrid followed closely in the second position with an average square meter of rental residential property cost of **** euros.

In December 2023, the average rent per square meter of an apartment in the first arrondissement of Paris amounted to ** euros. This arrondissement, situated in the center of the French capital, is the smallest by area and yet, one of the most expensive ones for renters. Paris appears to have some of the highest rents in Europe. The housing crisis in France Although France had the highest number of completed housing units per 1,000 citizens in Europe in 2022, demand in the capital far outweighs supply. The lack of affordable housing for purchase increases competition in the rental market, leading to rents soaring in the past decade. Residential prices in capital cities in Europe are usually higher than the national average, but in France, this trend is even more pronounced. In 2022, homebuyers in Paris paid more than three times higher than the national average - a price gap only Lisbon comes close to. The cost of living in the French capital Paris counts some of the world’s most incredible historical sites, as well as a vibrant culture. But living in the City of Lights is becoming more expensive every year. In 2019, The Economist Intelligence Unit’s Worldwide named Paris the second city with the highest cost of living worldwide. Even though the average cost for public transport is surprisingly low in Paris, compared to other European cities, real estate prices and the costs of food or entertainment can make Parisian life less romantic than expected.

Cost of living indices are relative to New York City (NYC) which means that for New York City, each index should be 100. If another city has, for example, rent index of 120, it means that on an average in that city rents are 20% more expensive than in New York City. If a city has rent index of 70, that means on an average in that city rents are 30% less expensive than in New York City.

Cost of Living Index (Excl. Rent) is a relative indicator of consumer goods prices, including groceries, restaurants, transportation and utilities. Cost of Living Index doesn't include accommodation expenses such as rent or mortgage. If a city has a Cost of Living Index of 120, it means Numbeo estimates it is 20% more expensive than New York (excluding rent).

Rent Index is an estimation of prices of renting apartments in the city compared to New York City. If Rent index is 80, Numbeo estimates that price of rents in that city is on an average 20% less than the price in New York.

Groceries Index is an estimation of grocery prices in the city compared to New York City. To calculate this section, Numbeo uses weights of items in the "Markets" section for each city.

Restaurants Index is a comparison of prices of meals and drinks in restaurants and bars compared to NYC.

Cost of Living Plus Rent Index is an estimation of consumer goods prices including rent comparing to New York City.

Local Purchasing Power shows relative purchasing power in buying goods and services in a given city for the average wage in that city. If domestic purchasing power is 40, this means that the inhabitants of that city with the average salary can afford to buy on an average 60% less goods and services than New York City residents with an average salary.

In the second quarter of 2025, London (West End) was the market with the most expensive prime office space worldwide. The net effective cost for a prime office in London cost close to ****** U.S. dollars annually. In second and third markets in the ranking, Hong Kong and Midtown New York, prices also exceeded *** U.S. dollars per square foot, with Hong Kong at ****** U.S. dollars and New York Midtown at ****** U.S. dollars. The global office real estate sector was severely affected by the coronavirus pandemic and the political and economic uncertainty that followed. With many companies placing expansion plans on hold and transitioning to hybrid working models, vacancies across many markets spiked and leasing activity slowed down.

The Car Rental Industry is steering toward high-tech roads, as evidenced by its recent focus on connected car technologies, telematics and data analytics. Companies broadened their car rental portfolios by adopting many diverse vehicle options, catering to modern travelers' rising demands and diversified expectations. Stay-at-home orders during the pandemic prevented traveling, which decimated the market for car rentals. Pent-up demand for travel and a limited supply of new vehicles caused industry revenue to surge in 2021 and 2022, as high demand and low supply elevated rental prices. More recently, inflationary concerns led some consumers to postpone traveling, constraining additional growth. Industry revenue has climbed at a CAGR of 7.8% to reach $65.3 billion through the end of 2025, including a swell of 3.0% in 2025 alone. Profit has recovered from the lows endured during the pandemic, accounting for an estimated 8.9% of industry revenue in 2025. New car prices have continued to expand, making renting more cost-effective. Car sharing has also become popular in recent years. Other modes of transportation, such as public transportation, ride-sharing and taxi cabs, are substitutes for renting and continue to disrupt services. Car rental services are still less expensive than ride-sharing and taxis, are more efficient than public transportation and will continue to attract customers. Strategic partnerships with other companies will continue to help car rental services. Direct affiliations with manufacturers will lead to lower expenses. Deals with local airports and tourism companies will expand their customer base and help businesses personalize their rental services. Adopting new technology to streamline the rental process will be critical to competing with ride-sharing apps and boosting profit. Setting up automated kiosks in physical locations will simplify checkout while reducing wages. Car rental revenue will expand at a CAGR of 2.2% to $72.8 billion through the end of 2030.

Commercial leasing providers serve as lessors of buildings for nonresidential purposes. Industry participants include owner-lessors of nonresidential buildings, establishments that rent real estate and then act as lessors in subleasing it and establishments that provide full-service office space. Through the end of 2025, lessors have experienced mixed demand from critical downstream market segments. Since the onset of COVID-19, demand for office space has been volatile amid work-from-home and hybrid work arrangements. However, demand for industrial and retail spaces has climbed, bolstered by gaining e-commerce sales and resilient consumer spending, buoying industry revenue. Over the past five years, industry revenue has climbed at a CAGR of 1.2% to reach $265.2 billion, including an estimated 0.2% gain in 2025. From 2020 to 2022, commercial leasing companies benefited from low interest rates, stimulating business expansion. However, in response to surging inflation, the Federal Reserve began raising interest rates in 2022 and continued into 2023. Rising interest rates translated into higher borrowing costs for tenants seeking new leases for their business operations. This can make expanding or relocating to a larger space more expensive. The industry benefited from three interest rate cuts in 2024 and one additional cut in 2025. Industry profit remains high, reaching 51.4% of industry revenue in 2025. Industry revenue will climb at a CAGR of 2.7% to $302.8 billion through the end of 2030. Demand for office space will remain subdued over the next five years. However, a shortage of prime office spaces will elevate rent for Class A office buildings, benefiting lessors with those in their portfolio. Per capita disposable income growth and a continuation of climbing consumer spending will bolster demand for retail spaces, especially in suburban and Sun Belt markets. E-commerce sales will continue to power demand for industrial space as the percentage of e-commerce sales to total retail sales will mount.

Jewelry Rental Market Outlook

The global jewelry rental market size was valued at approximately USD 1.2 billion in 2023, and it is projected to reach around USD 3.5 billion by 2032, growing at a robust compound annual growth rate (CAGR) of 12.5% during the forecast period. This rapid growth can be attributed to several factors, including increasing consumer preference for affordable luxury, the influence of social media and fashion trends, and the rising awareness and acceptance of the sharing economy.

One of the key growth drivers of the jewelry rental market is the changing consumer behavior towards purchasing luxury goods. Millennials and Gen Z consumers, who make up a significant portion of the market, are increasingly valuing experiences over ownership. They prefer to rent luxury items, including jewelry, for special occasions rather than investing in expensive pieces they may not frequently use. This shift in consumer mindset is supported by the economic advantages of renting, allowing consumers to access a variety of high-end jewelry without the financial burden of ownership.

The influence of social media and fashion trends is another significant growth factor. Platforms like Instagram and Pinterest have made it possible for individuals to showcase their style and fashion choices to a global audience. This has increased the demand for unique and trendy jewelry pieces that can complement different outfits for various occasions. Jewelry rental services provide an affordable way for consumers to keep up with these ever-changing trends without the need for a permanent commitment to specific pieces.

Additionally, the rising awareness and acceptance of the sharing economy are driving the growth of the jewelry rental market. The sharing economy promotes the idea of utilizing resources more efficiently by sharing goods and services among a community. This concept has gained traction in various industries, including transportation, hospitality, and now, luxury goods. Consumers are becoming more comfortable with the idea of renting high-value items, contributing to the expansion of the jewelry rental market.

The concept of Wedding Dress Rental is gaining popularity alongside jewelry rental, as more individuals seek cost-effective and sustainable options for special occasions. Just like jewelry, wedding dresses are often worn once, making rental a practical choice for brides looking to save money and reduce waste. This trend is particularly appealing to environmentally conscious consumers who appreciate the benefits of the sharing economy. Wedding dress rental services offer a wide range of styles and designs, allowing brides to choose their dream dress without the financial burden of ownership. The flexibility of rental options also means that brides can select dresses that suit their personal style and the theme of their wedding, ensuring a memorable and unique experience.

From a regional perspective, North America and Europe are currently the largest markets for jewelry rental services. The presence of a large number of high-net-worth individuals, coupled with a strong fashion culture and the widespread acceptance of the sharing economy, has driven the demand in these regions. Asia Pacific is expected to witness the highest growth rate during the forecast period, driven by increasing disposable incomes, growing urbanization, and a burgeoning middle class that is more open to rental services.

Product Type Analysis

Necklaces constitute one of the most significant segments of the jewelry rental market. These items are particularly popular for formal events, weddings, and special occasions where a statement piece can complement the attire. The high cost of owning luxury necklaces makes them ideal for rental services. Companies offering these services provide a wide range of options, from traditional designs to modern, trendy pieces, catering to diverse consumer preferences. Moreover, the easy return and exchange policies make it convenient for consumers to try different styles without a long-term commitment.

Earrings are another highly sought-after segment in the jewelry rental market. The popularity of earrings can be attributed to their versatility and appeal across various age groups and occasions. From simple studs to elaborate chandelier earrings, rental services offer a plethora of choices to match different outfits and events. The rising trend of mix-and-match fashion has further boosted the dema

Equipment Rental Software Market size was valued at USD 266.78 million in 2023 and is projected to reach USD 430.61 million by 2031, growing at a CAGR of 7.1% during the forecast period 2024-2031

Global Equipment Rental Software Market Drivers

Increasing Demand for Rental Services: The equipment rental industry has been experiencing significant growth due to a variety of factors, including the high cost of ownership, maintenance challenges, and the need for flexibility. Businesses across sectors such as construction, healthcare, and IT are shifting towards rental services to manage inventories more efficiently and reduce capital expenditure. The demand is further fueled by short-term projects and seasonal fluctuations, which make renting a more viable and economical option compared to purchasing expensive equipment.

Operational Efficiency and Cost Management: Equipment rental software solutions play a crucial role in optimizing operational workflows, improving utilization rates, and reducing downtime. These platforms offer features such as real-time tracking, maintenance scheduling, inventory management, and analytics, which help businesses streamline their operations. By adopting these solutions, rental companies can minimize operational costs, ensure better asset management, and enhance customer satisfaction, thereby contributing to overall profitability.

Technological Advancements: The integration of advanced technologies such as IoT (Internet of Things), AI (Artificial Intelligence), and machine learning into equipment rental software is revolutionizing the industry. IoT devices enable real-time monitoring and predictive maintenance of rental equipment, reducing the risk of unexpected failures. AI and machine learning algorithms help in demand forecasting, pricing optimization, and personalized customer experiences. These technological advancements not only enhance the functionality of rental software but also provide companies with a competitive edge.

Shift Towards Digitization: Digital transformation is sweeping across industries, and the equipment rental sector is no exception. Traditional manual processes are being replaced by digital solutions that offer increased accuracy, efficiency, and convenience. From online booking systems and mobile apps to digital contracts and automated billing, the shift towards digitization is improving the overall customer experience and operational effectiveness. This trend is further accelerated by the growing reliance on cloud-based solutions, which offer scalability, accessibility, and reduced IT infrastructure costs.

Enhanced Customer Experience: Modern equipment rental software often comes with customer-facing features such as online portals, mobile apps, and self-service capabilities, improving accessibility and convenience for customers. High-quality customer service is a significant competitive advantage, contributing to the growth of the market. Regulatory Compliance: Compliance with industry regulations and standards can be complex and time-consuming. Rental software typically includes features to help businesses maintain compliance, reduce the risk of regulatory fines, and simplify auditing processes. Rise of the Sharing Economy: The growth of the sharing economy, where people prefer access over ownership, is propelling the rental market forward. This societal shift is driving demand for flexible, scalable, and easily accessible rental solutions facilitated by software platforms. Economic Considerations: Economic factors such as fluctuating capital expenditure budgets, economic downturns, and financial uncertainties push businesses toward rental models instead of outright purchases. This creates a steady demand for rental software that can manage such operations efficiently. Global Expansion and Urbanization: As urbanization continues and new markets emerge globally, the demand for construction and industrial machinery rentals is particularly high. Companies expanding into new regions need robust software solutions to handle the complexities of local and remote operations. Fleet Management and Utilization: Effective fleet management is critical for maximizing the utilization of rented equipment. Rental software provides tools for tracking usage, scheduling equipment, and managing logistics, helping businesses optimize their fleet usage and revenue generation. Integration and Scalability: Modern rental software solutions offer integration capabilities with other enterprise systems such as ERP, CRM, and accounting software. This integration enhances overall business processes and makes rental operations more scalable, accommodating business growth and changing needs. Impact of COVID-19: The COVID-19 pandemic accelerated the shift towards digital solutions and remote operations. Businesses that adapted to online and contactless services to remain operational during lockdowns found rental software crucial for managing their fleets efficiently.In summary, the Equipment Rental Software Market is driven by a combination of technological advancements, economic factors, operational needs, consumer preferences, and regulatory requirements, all of which underscore the importance of streamlined and effective rental management solutions.

Landlord Direct Rent Market Outlook

The global landlord direct rent market size was valued at USD 8.3 billion in 2023 and is projected to reach USD 14.9 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period. This market's significant growth is driven by advancements in digital payment systems and increased adoption of technology in property management. The growing trend of digital transformation across various industries, including real estate, is one of the primary factors propelling the expansion of the landlord direct rent market.

One of the primary growth factors of the landlord direct rent market is the technological advancements that have revolutionized property management. The adoption of web-based platforms and mobile applications has streamlined rent collection and property management processes, providing landlords and property management companies with efficient, real-time solutions. The integration of digital payment methods, such as credit/debit cards, bank transfers, and digital wallets, further enhances the convenience and efficiency of rent transactions, making the process seamless for both landlords and tenants.

The increasing urbanization and the rising number of rental properties also contribute significantly to the market's growth. As more people migrate to urban areas in search of better employment opportunities and lifestyles, the demand for rental properties continues to rise. This trend is particularly prominent in regions like Asia Pacific and North America, where urbanization rates are among the highest globally. The growing rental market presents lucrative opportunities for landlords and property management companies to leverage direct rent platforms to manage their properties effectively and ensure timely rent collection.

Another growth factor is the evolving consumer preferences towards digital and contactless payment methods. In the wake of the COVID-19 pandemic, there has been a notable shift towards contactless transactions to minimize physical interactions and enhance safety. This shift has accelerated the adoption of digital wallets and online payment platforms, further driving the growth of the landlord direct rent market. Additionally, the convenience and security offered by these digital payment options are highly appealing to both landlords and tenants, promoting widespread acceptance and utilization.

To further enhance the efficiency and security of rent collection processes, many landlords are turning to Tenant Screening Services. These services provide landlords with detailed background checks on potential tenants, including credit history, criminal records, and rental history. By utilizing comprehensive screening services, landlords can make informed decisions about tenant selection, reducing the risk of late payments and property damage. This not only ensures a steady cash flow but also contributes to a safer and more reliable rental environment. The integration of tenant screening services into direct rent platforms offers a seamless experience for landlords, allowing them to manage tenant applications and screenings from a single interface.

From a regional perspective, North America dominates the landlord direct rent market, driven by the high adoption rate of advanced technologies and the presence of major market players. The region's well-established real estate market and the increasing preference for digital solutions among landlords further bolster market growth. Europe and Asia Pacific also exhibit significant growth potential due to rising urbanization rates and increasing internet penetration, which facilitate the adoption of digital rent payment platforms. Latin America and the Middle East & Africa are emerging markets with substantial growth opportunities, fueled by the gradual digital transformation and improving economic conditions.

Service Type Analysis

The landlord direct rent market is segmented by service type into residential and commercial services. The residential segment encompasses direct rent solutions for individual landlords and property management companies managing residential properties. This segment holds a significant share of the market due to the high demand for rental housing and the widespread adoption of digital rent collection solutions among residential property owners. The convenience and efficiency offered by direct rent platforms are particularly beneficial for residential landlords, who often ma

Snow Blower Rental Market Outlook

The global snow blower rental market size was valued at approximately $450 million in 2023 and is projected to reach about $700 million by 2032, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period. The growth factors driving this market include the increasing frequency of snowstorms, urbanization, and the demand for cost-effective snow removal solutions to tackle seasonal weather conditions.

One of the primary growth factors for the snow blower rental market is the increasing frequency and severity of snowstorms across various regions, particularly in North America and Europe. As climate change continues to result in unpredictable weather patterns, more households and businesses are finding it necessary to invest in effective snow removal solutions. Renting snow blowers offers a cost-effective and efficient alternative to purchasing expensive equipment, thereby boosting the market. Additionally, the shift towards urbanization has increased the number of paved surfaces that require regular clearing, consequently driving the demand for snow blower rentals.

Another significant factor contributing to market growth is the rising awareness and adoption of sustainable practices. Electric and battery-powered snow blowers are gaining traction due to their lower environmental impact compared to gasoline-powered models. Consumers and businesses are increasingly inclined to rent these types of snow blowers rather than purchasing, thus facilitating market growth. Furthermore, advancements in battery technology have significantly enhanced the performance and reliability of battery-powered snow blowers, making them a viable option for both residential and commercial use.

The growing trend of smart cities and smart home technologies is also playing a crucial role in the market's expansion. The integration of IoT (Internet of Things) in snow blowers allows for remote operation and monitoring, which is particularly beneficial for large commercial and industrial applications. This technological advancement adds another layer of convenience, thereby attracting more customers to rent rather than buy. Moreover, rental companies are increasingly offering flexible rental terms and value-added services such as maintenance and repair, which further enhances the appeal of renting over purchasing.

In terms of regional outlook, North America dominates the snow blower rental market, accounting for the largest market share due to its harsh winter conditions and well-established rental infrastructure. Europe follows closely, with significant contributions from countries like Germany, France, and the UK. The Asia Pacific region is anticipated to witness substantial growth over the forecast period due to increasing urbanization and changing climatic conditions. Emerging economies in Latin America and the Middle East & Africa are also expected to contribute to market growth, albeit at a slower pace.

Product Type Analysis

The snow blower rental market is segmented by product type into three main categories: Single-Stage, Two-Stage, and Three-Stage snow blowers. Single-Stage snow blowers are generally lightweight and designed for light to moderate snowfall. These models are popular for residential use due to their ease of maneuverability and lower rental costs. They are effective for clearing small driveways, walkways, and patios. However, their limited capacity restricts their use to lighter snowfall conditions, which may not be sufficient for regions experiencing heavy snow.

Two-Stage snow blowers are more robust and can handle heavier snowfall. These models are equipped with an auger and impeller, making them suitable for larger driveways and commercial applications. The increased power and efficiency of Two-Stage models make them a popular choice for rental in regions with substantial snowfall. They offer a balanced combination of affordability and effectiveness, attracting both residential and commercial clients. Additionally, their ability to throw snow at a distance makes them highly effective for larger properties.

Three-Stage snow blowers are the most powerful and are designed for extreme conditions. They come with an accelerator that speeds up the snow removal process, making them ideal for industrial applications and regions with heavy, wet snow. These models are less commonly rented due to their higher costs but offer unmatched performance. Industrial clients and large commercial properties often prefer these models for their speed and efficiency. The higher rental fees are

Forklift Battery Rental Market Outlook

The global forklift battery rental market size was valued at USD 360 million in 2023 and is expected to reach USD 650 million by 2032, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period. This significant growth is primarily driven by the increasing demand for electric forklifts in various industries, coupled with the rising awareness about the benefits of renting over purchasing. Factors such as the need to reduce operational costs and enhance operational efficiency are further propelling the growth of the forklift battery rental market.

One of the primary growth factors for the forklift battery rental market is the increasing adoption of electric forklifts across different industries. Electric forklifts are gaining popularity due to their low emission levels, reduced noise pollution, and lower operational costs compared to traditional internal combustion engine forklifts. As more companies aim to reduce their carbon footprint and adhere to stringent environmental regulations, the demand for electric forklifts and, consequently, forklift battery rentals is expected to rise. Additionally, electric forklifts are known for their efficiency and ease of maintenance, making them an attractive option for businesses.

Another significant growth driver is the rising trend of outsourcing non-core business operations, such as equipment maintenance and management. By renting forklift batteries, companies can focus on their core activities while ensuring that their material handling equipment remains operational without the burden of maintenance and replacement costs. This trend is particularly prevalent in small and medium-sized enterprises (SMEs) that may not have the financial resources to invest in expensive equipment. Renting provides them with a cost-effective solution to meet their operational needs without significant capital expenditure.

Technological advancements in battery technologies, such as lithium-ion batteries, are also contributing to the growth of the forklift battery rental market. Lithium-ion batteries offer several advantages over traditional lead-acid batteries, including longer lifespan, faster charging times, and higher energy efficiency. As the cost of lithium-ion batteries continues to decrease, more companies are likely to adopt this technology for their forklift fleets. The rental market allows businesses to access the latest battery technologies without the need for substantial upfront investments, further fueling market growth.

Regionally, the Asia Pacific region is expected to witness the highest growth in the forklift battery rental market. This can be attributed to the rapid industrialization, expanding e-commerce sector, and increasing investments in the manufacturing and warehousing sectors in countries like China and India. Additionally, the presence of a large number of small and medium-sized enterprises (SMEs) in the region is driving the demand for cost-effective solutions like forklift battery rentals. The region's growing emphasis on sustainability and environmental regulations is also encouraging the adoption of electric forklifts, thereby boosting the demand for rental batteries.

Battery Type Analysis

The forklift battery rental market can be segmented by battery type into lead-acid, lithium-ion, and others. Lead-acid batteries have been the traditional choice for forklift operations due to their cost-effectiveness and reliability. They are widely used in various industrial applications and are known for their robust performance in demanding environments. The rental market for lead-acid batteries remains substantial, as many companies continue to prefer this tried-and-tested technology for their material handling needs. However, lead-acid batteries require regular maintenance and have a shorter lifespan compared to newer technologies, which can be a drawback for some businesses.

Lithium-ion batteries represent a growing segment in the forklift battery rental market. These batteries offer several advantages over lead-acid batteries, including higher energy density, longer lifespan, and faster charging times. The adoption of lithium-ion batteries is on the rise, driven by the increasing demand for efficient and reliable power sources in material handling operations. The rental market for lithium-ion batteries is particularly attractive to businesses looking to leverage the latest battery technologies without

Shopping mall management servicers continue to endure amid favorable trends in the commercial real estate market and niche shopping mall demand from older-aged customers. Despite sharp volatility amid inflationary spikes in 2022 and the continued impact of elevated interest rates on retailers’ balance sheets, shopping malls continue to be a reliable outlet for in-person shoppers. The rebound in macroeconomic conditions and continued acceleration of disposable income following a sharp 6.2% decline in 2022 provided greater flexibility for customers to resume in-person activities and brick-and-mortar retail shopping. Higher rental costs of commercial spaces hampered smaller retail clients, but also boosted collective rental and property management fee income, particularly within lucrative metropolitan areas like Miami and New York. However, national growth was dampened by a growing popularity of online-based retailers such as Amazon, causing many customers to pivot toward e-commerce channels. Revenue grew at a CAGR of 1.0% to an estimated $24.7 billion over the past five years, including an estimated 0.3% boost in 2025 alone. As e-commerce services expanded nationally, foot traffic at shopping malls continued to slow down. Nonetheless, this slowdown was dampened, as shopping mall developers transformed shopping malls by adding an experiential factor, such as cinemas, restaurants and playgrounds. Despite the threat of falling retail leasing, shopping mall managers still generate a growing proportion of revenue from the rental of other commercial spaces. Elevated interest rates, which sit at 4.3% as of May 2025, also significantly harmed management companies by curtailing smaller retailers’ disposable incomes while making maintenance costs more expensive for existing facilities. Larger companies with more robust mall facilities were forced to pay more for upkeep and new modernization projects, causing profit to tumble. Moving forward, shopping mall management companies will benefit from economic stabilization and anticipated relief with slumping interest rates. Nonetheless, the significant rise of online shopping will persistently drive many brick-and-mortar retailers out of malls, reducing the number of potential tenants for existing management companies. However, as shopping mall managers put more effort into diversifying their customer portfolio away from sole retail and department stores, demand for shopping malls will remain reliant on the type of experiential facilities offered. Larger companies, such as Kimco Realty Corp., will also prioritize strategic acquisitions to target growing regional markets and expand their retail footprint. Revenue is expected to inch upward at a CAGR of 0.6% to an estimated $25.4 billion through the end of 2030.

Rides Rental Market Outlook

The global rides rental market size was valued at approximately USD 85 billion in 2023 and is projected to grow to an impressive USD 180 billion by 2032, registering a compound annual growth rate (CAGR) of around 8.5%. The growth of this market is driven by various factors including the increasing urbanization, changing consumer preferences towards hassle-free transportation, and the expanding tourism industry.

One of the primary growth factors of the rides rental market is the rapid urbanization occurring worldwide. As cities become more congested, owning a vehicle has become both expensive and impractical for many, leading to a shift towards rental services that provide convenience without the burdens of ownership. This trend is particularly pronounced in densely populated metropolitan areas, where traffic congestion and high parking fees make rides rental services an attractive alternative.

Another significant growth driver is the changing consumer preference towards more flexible and sustainable modes of transportation. Modern consumers, especially millennials and Gen Z, prioritize experiences over ownership and are more inclined towards services that offer flexibility and economic value. Additionally, the awareness and demand for eco-friendly transportation solutions have led to a rise in the rental of electric vehicles, bikes, and scooters, further propelling market growth.

The growth of the global tourism industry also plays a crucial role. Tourists often prefer renting vehicles to explore destinations at their own pace, contributing significantly to the market's revenue. With the rise of online booking platforms and mobile applications, tourists can easily access rental services, making the process seamless and convenient. This ease of booking and the increasing number of tourists traveling to various destinations worldwide are expected to maintain a positive trajectory for the rides rental market.

The regional outlook for the rides rental market shows varying growth patterns across different regions. North America and Europe are leading the market due to the high adoption rates of rental services and the presence of major market players. The Asia Pacific region, however, is anticipated to exhibit the highest growth rate during the forecast period, driven by rapid urbanization, increasing disposable incomes, and a burgeoning middle-class population. Latin America and the Middle East & Africa are also expected to witness substantial growth, albeit at a slower pace compared to other regions.

Vehicle Type Analysis

The rides rental market is segmented by vehicle type into cars, bikes, scooters, and others. Each segment caters to different consumer needs and preferences, contributing uniquely to the market's overall growth. The car rental segment dominates the market due to its widespread use for both personal and corporate travel. It offers convenience, comfort, and a wide range of options from economy to luxury cars, making it appealing to a broad customer base. The increasing popularity of ride-sharing and carpooling services also boosts this segment.

On the other hand, the bike rental segment is gaining significant traction, particularly in urban areas and tourist destinations. Bikes provide a cost-effective and eco-friendly mode of transport, helping to alleviate traffic congestion. Moreover, the trend of bike-sharing programs in cities worldwide supports the growth of this segment. Companies are increasingly investing in high-quality bikes and user-friendly apps to attract more customers, thereby enhancing the overall user experience.

The scooter rental segment has witnessed rapid growth, driven by the rising preference for short-distance travel solutions. Scooters are convenient for navigating through traffic-heavy areas and require less parking space. The introduction of electric scooters has further propelled this segment's growth, aligning with the global shift towards sustainable transportation. Various startups and established companies are entering the scooter rental market, offering competitive pricing and advanced features to capture market share.

The 'Others' segment, which includes vehicles like vans, trucks, and recreational vehicles (RVs), caters to niche markets with specific requirements. For instance, van rentals are popular among large groups and families for road trips, while RV rentals have seen increased demand in regions with a strong culture of outdoor activities and camping. Truck rentals are e

Backhoe Loader Rental Market Outlook

The global backhoe loader rental market size is projected to grow significantly from USD 3.5 billion in 2023 to an estimated USD 6.7 billion by 2032, registering a CAGR of 7.5% during the forecast period. This growth is primarily driven by increasing infrastructure development projects and the rising need for versatile construction equipment across various sectors.

One of the primary growth factors for the backhoe loader rental market is the burgeoning construction industry across emerging economies. As urbanization accelerates, there is a proportional rise in construction projects, including residential, commercial, and infrastructure developments. These projects often require specialized equipment such as backhoe loaders, which can be expensive to purchase outright. Consequently, renting becomes a more feasible solution for many construction companies, thereby driving market growth. Additionally, backhoe loaders offer multifunctional capabilities such as digging, trenching, back-filling, and material handling, making them indispensable in construction activities.

Another significant growth driver is the increasing demand for agriculture mechanization in developing countries. The agriculture sector is transitioning from traditional farming methods to more modernized practices that enhance productivity and efficiency. Backhoe loaders, with their ability to perform various tasks like plowing, loading, and material transportation, are becoming essential machinery in farming operations. Renting these machines offers a cost-effective solution for farmers who cannot afford to invest in expensive equipment, thereby contributing to market expansion.

The mining industry also plays a crucial role in propelling the backhoe loader rental market. Mining operations often require robust and reliable machinery capable of handling tough terrains and heavy loads. Backhoe loaders are particularly suited for such conditions due to their versatility and durability. With the increasing demand for minerals and natural resources globally, mining companies are more inclined to rent backhoe loaders to optimize operational efficiency without incurring high capital expenditures, thus boosting market growth.

The choice of Backhoe Loader Tire plays a crucial role in the performance and efficiency of backhoe loaders. These tires are specifically designed to withstand the rigorous demands of construction and mining operations, providing optimal traction and stability on various terrains. The durability and design of backhoe loader tires can significantly impact the machine's operational efficiency, reducing downtime and maintenance costs. As the rental market grows, companies are increasingly focusing on offering backhoe loaders equipped with high-quality tires to ensure reliability and customer satisfaction. This focus on tire quality not only enhances machine performance but also contributes to the overall growth of the backhoe loader rental market.

Regionally, the Asia Pacific region is expected to witness substantial growth in the backhoe loader rental market. Rapid urbanization and industrialization, particularly in countries like China and India, are driving the demand for construction and agricultural machinery. Government initiatives aimed at improving infrastructure and rural development further augment this demand. Additionally, the presence of numerous local and international rental service providers in this region facilitates easier access to backhoe loaders, thereby fostering market growth.

Equipment Type Analysis

The backhoe loader rental market can be segmented based on equipment type into center mount and side shift backhoe loaders. Center mount backhoe loaders are characterized by their centrally positioned backhoe, making them suitable for tasks that require higher digging forces. These machines are particularly popular in North America and Europe, where construction standards often necessitate robust and powerful equipment. The market for center mount backhoe loaders is anticipated to grow steadily as construction activities in these regions continue to expand.

On the other hand, side shift backhoe loaders feature a backhoe that can be shifted to either side of the machine, providing greater flexibility and precision in confined spaces. This equipment type is highly favored in urban construction projects and utility works, where maneuverability is a critical requirement

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.

Fishing Gear Rental Market Outlook

The global fishing gear rental market size was valued at approximately USD 1.5 billion in 2023 and is projected to reach USD 2.8 billion by 2032, with a compound annual growth rate (CAGR) of 7.5% during the forecast period. This growth can be attributed to increasing recreational fishing activities worldwide and the rising popularity of sustainable tourism.

One of the prime growth factors in the fishing gear rental market is the increasing participation in recreational fishing. As outdoor activities gain popularity, more individuals are seeking leisurely activities that allow them to connect with nature, and fishing has become a preferred choice. This surge in interest is not only among seasoned anglers but also among novices who prefer renting equipment initially rather than making a significant investment in purchasing fishing gear. This trend significantly boosts the fishing gear rental market.

Another driving factor is the growing trend of sustainable and eco-friendly tourism. As travelers become more conscious about their environmental impact, many are opting for activities that have minimal ecological footprints. Fishing gear rental services promote sustainability by reducing the need for manufacturing new equipment and encouraging the use of existing resources. This aligns with the global movement towards environmental conservation and sustainable tourism practices, further propelling the market growth.

Technological advancements in fishing gear are also contributing to market expansion. Modern fishing equipment is becoming more sophisticated, incorporating features like GPS, fish finders, and advanced materials that enhance the fishing experience. However, such high-tech gear can be expensive, making rental services an attractive option for enthusiasts who wish to experience the latest technology without the high upfront costs. Consequently, technological innovations are driving the demand for rental services in the fishing gear market.

Geographically, the fishing gear rental market shows significant potential across various regions. North America leads the market due to its well-established fishing culture and abundant water bodies. Europe and Asia Pacific are also witnessing substantial growth, driven by increasing tourism and recreational fishing activities. The Middle East & Africa and Latin America, while currently smaller markets, are expected to see steady growth as fishing becomes more popular in these regions. The regional outlook indicates a diverse and expanding market landscape.

Electrofishing is an innovative method used in fisheries management and research, providing a unique approach to capturing fish for study or relocation. This technique involves the use of electrical currents to temporarily stun fish, making them easier to collect without causing long-term harm. Electrofishing is particularly useful in scientific studies where researchers need to assess fish populations, species diversity, and aquatic ecosystem health. By employing this method, researchers can gather valuable data while minimizing the impact on the environment. The integration of electrofishing into fisheries management underscores the industry's commitment to sustainable practices and the advancement of ecological research.

Product Type Analysis

When analyzing the fishing gear rental market by product type, the segment includes rods, reels, tackle, accessories, and others. Each of these categories plays a vital role in catering to the varied needs of fishing enthusiasts, whether they are beginners or experienced anglers.

Rods are a fundamental component of fishing gear and are among the most rented items. The demand for rods varies based on the type of fishing, such as freshwater, saltwater, fly fishing, or deep-sea fishing. High-quality rods can be expensive, so many users prefer renting them, especially when trying out different types of fishing. This segment sees a steady demand across recreational and commercial fishing applications.

Reels form another crucial segment in the fishing gear rental market. The choice of reels, like rods, depends on the specific fishing activity. Spinning reels, baitcasting reels, and fly reels are some of the popular types users rent. The technological advancements in reels, offering better precision and ease of use, have increased their rental demand. Enthusiasts often rent high-performance reels t