The rent for office spaces in the United States is expected to continue to increase at a moderate pace until 2027, after rising by less than two percent in 2022. The strongest growth is forecast in 2027, when the average effective rent is projected to rise by 2.4 percent.

The UK residential rental market is poised for significant growth, with forecasts indicating a cumulative increase of nearly 18 percent by 2029. This surge is expected to be front-loaded, with a robust eight percent rise anticipated in 2024. Rental growth has accelerated notably since 2021, with August 2024 experiencing a decade-high annual percentage growth. The trend reflects the complex interplay between housing affordability, mortgage rates, and supply of rental homes, as the UK housing market navigates a period of transition.

According to a report published by Future Market Insights, the online home rental market is poised to expand to a valuation of US$ 18.24 billion in 2023 and is anticipated to exhibit a CAGR of 14% from 2023 to 2033 and reach US$ 77.09 billion in 2033.

The size and share of the market is categorized based on Type (Hotel, Apartment, Civil Accommodation) and Application (Long-term Lease, Tourist Short-term Rental) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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Online Clothing Rental Market Size 2025-2029

The online clothing rental market size is forecast to increase by USD 1.16 billion at a CAGR of 7.1% between 2024 and 2029.

The growing e-commerce fashion industry is the key driver of the online clothing rental market, as consumers increasingly turn to online platforms and e-commerce retail for convenient, affordable access to apparel. 
An upcoming trend is the rising popularity of experiential marketing, where brands create memorable experiences to attract customers and increase engagement. However, a weak inventory management system is a key challenge, as it can lead to stockouts, delays, and poor customer experience, hindering the growth and efficiency of the market.

What will be the Size of the Market During the Forecast Period?

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How is this market segmented and which is the largest segment?

The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

End-user

  Women
  Men
  Children


Type

  Formal
  Casual
  Traditional


Business Model

  Subscription based
  Standalone
  Peer to Peer


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By End-user Insights

The women segment is estimated to witness significant growth during the forecast period. The market is experiencing growth due to the increasing preference for renting occasion wear among women. With a growing awareness of sustainable fashion and reducing clothing waste, the market is projected to expand during the forecast period. Women's segment is expected to dominate the market as they prioritize clothing choices based on various occasions, including formal meetings, parties, weddings, and outdoor activities.

Renting allows them to access high-end formal clothes, luxury footwear, premium jackets, suits, and sports apparel for special events without the need for extensive purchasing. Online clothing rental also addresses the environmental concern of reducing textile waste by promoting the circular economy. This trend is particularly relevant for formal clothes, which are often worn only once or a few times, making rental an economical and eco-friendly alternative.

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The women segment was valued at USD 1.69 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 51% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The market in North America is a significant and mature sector, driven by the well-established e-commerce industry and high Internet penetration in the region. With approximately 92% of the US population using the Internet in 2023, the United States is a major player in the global online market. companies in this market are differentiating themselves through various strategies due to the fragmented competition. Key growth factors include the high demand for premium and luxury clothing, the presence of fashion clusters, and the increasing consumer preference for sustainable clothing. The US dominates the market in North America.

Market Dynamics

In the dynamic world of retail, the shift towards online shopping portals has been a game-changer. The online retail industry, encompassing a vast array of product categories, has significantly impacted the fashion sector. Fashion vlogs and social media have fueled the demand for the latest trends, driving consumers to seek out the newest styles from the comfort of their homes. The film industry, too, has contributed to this trend, with actors and actresses frequently showcasing their red-carpet looks on social media. This has led to a growth in demand for luxury designer dresses, bridal wear, and formal clothing items from both consumers and garment manufacturers. Furthermore, fashion brands have responded to this shift by increasing their online presence, offering a wide range of clothing activities, from casual wear to men's wedding outfits, designer dresses, and international designer labels.

Consumers' fashion sense has evolved, with an emphasis on versatility and style, making online shopping a convenient and accessible solution. Fashion trends are no longer limited to specific regions or seasons, with consumers seeking the latest styles from around the world. Online shopping has made it possible for consumers to explore vario

Rents of mainstream rental properties in London are forecast to continue to increase between 2024 and 2028. Rental growth is expected to be the strongest in 2024, at 5.5 percent. On the other hand, house prices are expected to grow at a slower rate.

Explore the Real Estate Rental Market trends! Covers key players, growth rate 7.4% CAGR, market size $3877.45 Billion, and forecasts to 2034. Get insights now!

Retail real estate rents in Europe declined slightly in 2021 following the COVID-19 pandemic, while in the UK rents plummeted by nearly 10 percent. This trend reversed in 2023 and was expected to continue until 2026. During that period, retail rents in Europe are forecast to grow between 1.8 and 3.3 percent annually. In the UK, the forecast rental growth is projected at 1.8 to 5.6 percent.

Forecast: Real Estate and Rental and Leasing Gross Output in the US 2024 - 2028 Discover more data with ReportLinker!

The global detached house rental market is projected to reach XXX million by 2033, growing at a CAGR of XX% from 2025 to 2033. The growth of the market is attributed to the increasing demand for rental housing, rising urbanization, and the growing number of millennials and Gen Z renters. In addition, the market is driven by the increasing demand for flexible living arrangements and the growing popularity of short-term rentals. Major players in the detached house rental market include Invitation Homes, American Homes 4 Rent, Tricon, Home Partners (Blackstone), Brookfield, Amherst Holdings LLC, ResiHome, Roomless, Renters Warehouse, and others. These players are expanding their portfolios through acquisitions and partnerships to meet the growing demand for detached house rentals. The market is also witnessing the emergence of new business models, such as co-living and build-to-rent, which are gaining popularity among renters.

The rental housing market is projected to exhibit robust growth over the coming years, driven by factors such as increasing urbanization, rising disposable incomes, and changing lifestyle preferences. The market size was valued at XXX million in 2025 and is anticipated to expand at a CAGR of XX% from 2025 to 2033, reaching XXX million by 2033. Key market segments include long-term lease, tourist short-term rentals, hotels, apartments, and civil accommodation. North America, Europe, and Asia Pacific are expected to remain major regional markets, with China, India, and the United States emerging as significant growth contributors. The rental housing market is highly competitive, with numerous established players and emerging startups. Some of the prominent companies operating in the market include Ziru, Boyu, Airbnb, Lianjia, Douban, Guanyu, Apartment List, Trulia, Zillow, and Rent. To gain a competitive edge, companies are increasingly focusing on innovation, technology adoption, and customer service. Strategic partnerships, acquisitions, and mergers are also expected to shape the market landscape in the coming years.

The global centralized long-term rental apartment market is projected to reach a value of USD XX million by 2033, expanding at a CAGR of XX% over the forecast period (2025-2033). The growth of this market can be attributed to the rising urbanization, increasing disposable income, and changing lifestyle preferences, particularly among millennials and Gen Z. The market is expected to have a substantial impact on the real estate industry, as well as on the lives of renters and investors. Key market drivers include the increasing demand for flexible and affordable housing, the growing number of international students and migrant workers, and the advancements in technology. Additionally, government initiatives to support affordable housing and the rising popularity of co-living and shared living spaces are expected to further drive market growth. The market is segmented into two main types: asset-heavy model and asset-light model. The asset-heavy model involves owning and managing physical rental properties, while the asset-light model focuses on providing technology and services to connect renters with property owners. The market is also segmented into three main applications: migrant workers, international students, and other.

The size of the Online Clothing Rental Market market was valued at USD 1.77 Million in 2023 and is projected to reach USD 2.80 Million by 2032, with an expected CAGR of 6.79% during the forecast period. The online clothing rental market is a dynamic and rapidly expanding segment within the fashion industry. This market enables consumers to rent clothing items temporarily, offering access to high-end, designer, and seasonal fashion at a fraction of the retail price. Renting provides an appealing alternative to traditional purchasing, particularly for those looking for versatility without the long-term commitment. This model resonates especially well with consumers interested in sustainable fashion practices, as it supports reduced consumption and helps cut down on textile waste. It’s a popular choice for events and occasions where consumers prefer not to repeat outfits, making it an ideal solution for weddings, parties, or business events. Several online rental platforms, like Rent the Runway, Nuuly, and GlamCorner, provide a range of clothing options from everyday wear to luxury items. These platforms often offer subscription services, enabling customers to rent multiple items at once and swap them out regularly. Through streamlined logistics and the convenience of digital platforms, companies can offer fast delivery and seamless return processes, enhancing the user experience. Recent developments include: July 2022: Rent the Runway joined forces with Saks Off 5th, integrating a dedicated "pre-owned" section on its website, enabling customers to access pre-owned designer items., April 2022: David Jones extended its collaboration with the fashion rental platform GlamCorner through the introduction of Reloop. This innovative venture by GlamCorner empowers customers to engage in the circular economy while making conscious shopping choices., May 2022: Nuuly unveiled its newest ready-to-rent collection, building on its previous collaborations with designers such as Anna Sui. Additionally, following the launch of its resale platform the year before, Nuuly continues to expand its offerings.. Key drivers for this market are: Sustainable Fashion Trend, Strategic Expansion With Respect To E-commerce Subscription. Potential restraints include: High Cost of Rented Apparel Maintenance. Notable trends are: Adoption of Subscription-based Services.

Effective rents for retail real estate in the United States are forecast to increase slightly until 2027, with the strongest annual growth projected for 2025 and 2026. Despite rental growth expected to accelerate from the 0.4 percent recorded in 2022, it is forecast to remain below three percent per year. Furthermore, rents are likely to develop at a varying pace in the different U.S. regions.

According to Cognitive Market Research, the global Rent to Own market size is USD 93514.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 5.00% from 2024 to 2031.

North America held the major market of more than 40% of the global revenue with a market size of USD 37405.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.2% from 2024 to 2031.
Europe accounted for a share of over 30% of the global market size of USD 28054.26 million.
Asia Pacific held the market of around 23% of the global revenue with a market size of USD 21508.27 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.0% from 2024 to 2031.
Latin America market of more than 5% of the global revenue with a market size of USD 4675.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 1870.28 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.7% from 2024 to 2031.
Real estate properties stand out as the dominant category. The dominance of real estate properties in the RTO market is driven by the desire for homeownership among individuals who may not qualify for traditional mortgages or prefer a more flexible path to ownership.

Market Dynamics of Rent to Own Market

Key Drivers for Rent to Own Market

Affordability and Flexibility of Payment Terms to Increase the Demand Globally

One of the key drivers in the rent-to-own market is the affordability and flexibility it offers in payment terms. Unlike traditional financing options, rent-to-own agreements allow consumers to acquire products without a large upfront payment. This payment flexibility makes it easier for individuals with limited savings or lower incomes to access products they need, such as furniture, appliances, or electronics. Additionally, the ability to spread payments over time without accruing interest can be attractive to consumers looking for budget-friendly options. This driver is particularly relevant in markets where access to credit is limited or where consumers prefer not to take on debt.

Desire for Ownership and Control to Propel Market Growth

Another significant driver in the rent-to-own market is the consumer's desire for ownership and control over the products they use. Rent-to-own agreements typically include an option for the consumer to purchase the product at the end of the rental period. This option provides consumers with a sense of ownership and control over the items, which can be appealing, especially for durable goods like furniture or electronics. Consumers may also value the ability to test a product before committing to purchase, ensuring that it meets their needs and preferences. This driver is particularly relevant in markets where consumers prioritize flexibility and the ability to change or upgrade products easily.

Restraint Factor for the Rent to Own Market

Limited Product Selection and Availability to Limit the Sales

One of the key restraints in the rent-to-own market is the limited product selection and availability compared to traditional retail channels. Rent-to-own companies often offer a narrower range of products, focusing primarily on big-ticket items like furniture, appliances, and electronics. This limited selection may not always align with consumer preferences or specific needs, leading to potential dissatisfaction among potential customers. Moreover, certain niche or specialized products may be unavailable through rent-to-own agreements, further restricting consumer choices. As a result, some consumers may opt for traditional retail options to access a broader range of products, thereby limiting the growth potential of the rent-to-own market.

Impact of Covid-19 on the Rent to Own Market

The COVID-19 pandemic has had a multifaceted impact on the rent-to-own market, significantly altering consumer behavior and market dynamics. On one hand, economic uncertainties and job losses have driven an increased demand for rent-to-own services as consumers seek more flexible payment options for essential items like furniture, appliances, and electronics. This surge in demand has been particularly evident among financially vulnerable populations facing income disruptions or credit constraints. On the other hand, pandemic-induced supply chain disruptions and operatio...

The robust growth of the United States Rent-To-Own Market in the coming years is largely driven by tightened lending standards prevalent among major and subprime lenders. This trend is compelling individuals to seek alternative avenues for accessing essential items such as appliances and computers, fueling the demand for rent-to-own services. The market valued around USD 12.31 Billion in 2023 and it is evident that consumers are increasingly turning to rent-to-own arrangements to fulfill their needs amidst stringent lending conditions. Thus, regulations surrounding rent-to-own in the United States is anticipated help the market grow at a CAGR of around 6.77% from 2024 to 2031.

The accelerating pace of growth in the United States Rent-To-Own Market is underscored by Verified Market Research, with substantial expansion witnessed in recent years and further anticipated in the forecasted period spanning from 2024 to 2031. The significant upward trajectory expected in the market is highlighted by the projected value of approximately USD 19.39 Billion by 2031. As flexible solutions for accessing essential goods without the burden of immediate ownership continue to be sought by consumers, the rent-to-own market is poised to flourish, catering to evolving consumer preferences and economic conditions.

United States Rent-To-Own Market: Definition/Overview

The United States Rent-to-Own Market involves tangible goods being leased with the option for eventual purchase. Regular installment payments, resembling renting, include a portion designated for potential ownership, making this option particularly attractive to individuals lacking upfront capital, conventional financing, or a robust credit history required for outright purchases. Flexibility and accessibility are offered by Rent-to-Own agreements, catering to a segment of the population that may otherwise struggle to acquire needed goods or properties.

Traditionally, Rent-To-Own agreements were primarily focused on real estate transactions, but the modern rent-to-own industry encompasses a broader spectrum, including furniture, appliances, electronics, and even jewelry. The proliferation of e-commerce platforms is anticipated to significantly bolster market revenues, as enticing deals and convenience are offered to consumers by these platforms. Additionally, substantial potential exists within the Hispanic market as loyal rent-to-own customers. Despite a low unemployment rate, dwindling consumer disposable income has led to hesitancy in committing to new property rentals. Several trends, including the surge in international migration, the emergence of the Kiosk model offering low-risk entrepreneurial opportunities, and a declining US homeownership rate, are poised to influence growth. Rent-to-own contracts, also known as “lease purchase,” provide prospective buyers with the opportunity to lease a home with the option to buy it later, contributing to a pathway to homeownership for individuals who may not qualify for traditional mortgages or lack immediate means to purchase the property outright.

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Compact Power Equipment Rental Market Size 2024-2028

The compact power equipment rental market size is forecast to increase by USD 2.09 billion at a CAGR of 6.3% between 2023 and 2028.

The market in North America is witnessing significant growth due to the expansion of the construction industry. The integration of advanced technologies such as telematics, fuel cells, batteries, and transformers in compact power equipment like pumps, generators, compressors, bulldozers, and power tools is driving the market growth. These technologies enhance equipment efficiency, reduce operational costs, and improve safety. However, operational challenges associated with compact power equipment rentals, including maintenance, transportation, and fuel management, continue to pose challenges for market growth. Influencers like HVAC, lighting, and HVACR industries are also adopting compact power equipment to meet their energy needs. The market is expected to witness further growth with the increasing demand for eco-friendly and cost-effective power solutions.

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The market encompasses a diverse range of machinery and tools, including engine-driven and electric power tools such as drills, polishers, woodwork routers, and screw drivers. This market plays a vital role in infrastructure development and maintenance by providing lightweight, efficient solutions for construction projects and various industries. The market's size is significant, with continuous growth driven by the increasing demand for specialized equipment that offers improved performance, lower emissions, and enhanced functionality. Rental services for generators, compressors, and other power equipment are increasingly popular due to their cost-effectiveness and convenience. Equipment tracking systems and online platforms, along with mobile applications, facilitate seamless rental processes and efficient inventory management.
The transition towards electric equipment, such as those powered by batteries, electricity, and fuel cells, is gaining momentum due to their environmental benefits and the advancements in electric motors, transformers, and battery technology. Overall, the market is a dynamic and evolving landscape that caters to the ever-changing needs of various industries and construction projects.

How is this Compact Power Equipment Rental Industry segmented and which is the largest segment?

The compact power equipment rental industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Product

  Electric power tools rental
  Engine-driven power tools rental
  Pneumatic power tools


Type

  Period rental
  Rent to own
  On-demand rental


Geography

  North America

    US


  Europe

    Germany
    France


  APAC

    China
    Japan


  Middle East and Africa



  South America

By Product Insights

The electric power tools rental segment is estimated to witness significant growth during the forecast period.

The market has experienced significant growth due to the increasing focus on environmental sustainability and the reduction of carbon emissions. Electric power tools, a key segment of this market, offer lower emissions and reduced noise levels compared to engine-driven alternatives. This makes them an attractive option for urban and noise-sensitive environments, driving demand, particularly in residential and commercial settings. Electric power tools are also lighter, easier to handle, and require less maintenance, making them suitable for a wide range of users, including DIY enthusiasts, contractors, and professionals. Rental services provide an accessible solution for end-users to utilize eco-friendly equipment without the long-term commitment of ownership.

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The electric power tools rental segment was valued at USD 2.24 billion in 2018 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 31% to the growth of the global market during the forecast period.

Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American market is driven by the growth In the construction industry, particularly In the US. Despite federal spending cuts, the industry is projected to expand due to low housing loan interest rates and a pipeline of infrastructure projects. In Canada and Mexico, similar positive trends are anticipated. Infrastructure development is a

This dataset provides values for PRICE TO RENT RATIO reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

The global mobile home rental market is anticipated to experience significant growth over the forecast period, driven by increasing urbanization and the affordability of mobile homes compared to traditional housing. The rising cost of living and the growing demand for flexible housing options are also contributing to the market's expansion. Long-term rentals are expected to dominate the market due to the stability and security they offer to tenants. Key trends shaping the mobile home rental market include the integration of smart home technologies, energy-efficient designs, and eco-friendly construction practices. The adoption of these technologies is enhancing the comfort, convenience, and sustainability of mobile homes, making them more attractive to renters. Additionally, the expansion of the e-commerce platform and the use of mobile apps for booking and management are streamlining the rental process and increasing accessibility. The market is expected to witness further growth in the coming years, supported by government initiatives, favorable demographics, and technological advancements.

Forecast: Enterprise Rent-A-Car Revenues in the US 2024 - 2028 Discover more data with ReportLinker!