The real estate volume in the 'Residential Real Estate Leases' segment of the real estate market in the United States was forecast to continuously increase between 2024 and 2029 by in total 0.9 million (+1.91 percent). After the ninth consecutive increasing year, the real estate volume is estimated to reach 47.97 million and therefore a new peak in 2029. The Statista Market Insights cover a broad range of additional markets.

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Vacation Rental Market Size 2025-2029

The vacation rental market size is valued to increase USD 22 billion, at a CAGR of 4.1% from 2024 to 2029. Growing tourism industry and increasing popularity of short-term vacation rental properties will drive the vacation rental market.

Major Market Trends & Insights

Europe dominated the market and accounted for a 32% growth during the forecast period.
By Management - Managed by owners segment was valued at USD 48.50 billion in 2023
By Method - Offline segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 68.07 billion
Market Future Opportunities: USD 22.00 billion
CAGR : 4.1%
Europe: Largest market in 2023

Market Summary

The market encompasses the provision of short-term stays in residential properties, including houses, apartments, and homestays. This market is experiencing significant growth due to the expanding tourism industry and the increasing popularity of flexible accommodation options. According to recent data, the vacation rental sector is projected to account for over 20% of the global accommodations market share by 2025. Core technologies, such as instant booking features and digital payment systems, are revolutionizing the vacation rental industry, making it more accessible and convenient for travelers.
However, challenges persist, including the risks associated with fraudulent listings and the need for robust regulatory frameworks to ensure consumer protection. As the market continues to evolve, it presents numerous opportunities for innovation, particularly in the areas of personalized services and sustainable tourism practices.

What will be the Size of the Vacation Rental Market during the forecast period?

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How is the Vacation Rental Market Segmented and what are the key trends of market segmentation?

The vacation rental industry 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.

Management

  Managed by owners
  Professionally managed


Method

  Offline
  Online


Type

  Home
  Apartments
  Resort/Condominium
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Italy
    UK


  APAC

    China
    India
    Japan


  South America

    Brazil


  Rest of World (ROW)

By Management Insights

The managed by owners segment is estimated to witness significant growth during the forecast period.

The markets witness significant trends shaping their operations and growth. Automated check-in and check-out systems streamline the guest experience, reducing manual labor and increasing efficiency. Social media marketing plays a crucial role in attracting and engaging potential renters, with 55% of travelers using social media to plan their trips. Legal compliance requirements are essential for vacation rental businesses, with occupancy rate optimization and access control systems ensuring adherence to regulations. Property valuation methods and smart home technology enhance the value proposition for renters, while energy management systems contribute to cost savings and sustainability. Keyless entry systems and guest review management tools facilitate seamless communication and improve the guest experience.

Customer service automation, cleaning service scheduling, revenue management strategies, and property management software enable owners to optimize their operations and maximize revenue. Rental agreement templates, digital marketing strategies, online booking systems, maintenance request systems, booking calendar software, dynamic pricing models, and channel management platforms are essential tools for vacation rental businesses. Guest experience platforms, yield management techniques, rental income projections, search engine optimization, payment gateway integration, tax calculation software, guest data analytics, customer relationship management, fraud prevention measures, accounting software integration, housekeeping management systems, guest communication tools, pricing optimization algorithms, insurance policy management, security system integration, and performance tracking metrics are all integral components of the evolving the market.

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The Managed by owners segment was valued at USD 48.50 billion in 2019 and showed a gradual increase during the forecast period.

Industry growth is expected to be robust, with 32% of travelers expressing interest in vacation rentals as an alternative to hotels. Additionally, the adoption of technology in vacation rental businesses is projected to increase by 37% in the next five years (Source: Market Research). These trends underscore the import

Median monthly rental prices for the private rental market in England by bedroom category, region and administrative area, calculated using data from the Valuation Office Agency and Office for National Statistics.

Vacation Rental Market is Segmented by by Property Type (Homes, Apartments, Resort / Condominium, and More), Booking Mode (Online Platforms, Direct-To-Owner Websites, and More), by Rental Duration (Short-Term (<7 Nights), and More), Traveller Type, Families, Couples, and More), Price Tier (Budget, Mid-Scale, and Luxury / Premium), and Geography. The Market Forecasts are Provided in Terms of Value (USD).

The global rental housing market is experiencing robust growth, driven by several key factors. Urbanization and population growth are fueling increased demand for rental properties, particularly in densely populated areas. Changing lifestyles, with more people opting for flexible living arrangements and avoiding the commitment of homeownership, are further bolstering the market. Technological advancements, including online platforms like Zillow, Airbnb, and Ziru, are streamlining the rental process, improving efficiency, and enhancing transparency for both landlords and tenants. Furthermore, the rise of co-living spaces and flexible lease options caters to evolving renter preferences. While economic fluctuations and interest rate hikes can present challenges, the underlying demand remains strong, indicating sustained growth for the foreseeable future. We estimate the market size in 2025 to be $2 trillion based on publicly available data for comparable real estate sectors and considering the global spread of rental housing. This robust growth trajectory is projected to continue, with a Compound Annual Growth Rate (CAGR) of approximately 5% through 2033. However, challenges exist within the rental housing market. Regulatory changes related to rent control and tenant protection can impact profitability for landlords. Maintaining property quality and addressing concerns regarding affordability, especially in rapidly growing urban centers, pose ongoing difficulties. Competition among rental platforms and property management companies is fierce, necessitating ongoing innovation and adaptation to retain market share. Despite these headwinds, the long-term outlook remains positive. The increasing preference for rental accommodation, combined with ongoing technological advancements, suggests a sustained and expansive market with significant opportunities for both established players and new entrants. The market segmentation reflects varying needs, from luxury apartments to budget-friendly options, providing ample opportunities across different income levels and lifestyle preferences.

The global short-term rental market size was over USD 125.22 billion in 2024 and is anticipated to witness a CAGR of around 10.9%, crossing USD 480.6 billion revenue by 2037. Online/Platform-based segment is expected to reach 65.5% industry share, fueled by ease of booking, secure payments, and AI-based recommendations.

The median rent for one- and two-bedroom apartments in Los Angeles, California, amounted to about ***** U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, with rental growth hitting **** percent in March 2022. This trend has since reversed, with growth turning negative in May 2023. Among the different states in the U.S., California ranks as the second most expensive rental market after Hawaii.

In 2023, the index for residential rents in the euro area stood at ***** index points. Nevertheless, most European countries recorded a higher increase in rental prices. In Turkey, where inflation has been extremely high in recent years, the index soared to *** index points. That means that the rents increased by *** percent since 2015, the base year with index value of 100. Six other countries had an index value of over *** index points, including Lithuania, Hungary, and Slovenia. Conversely, Greece was the only country where rents have declined since 2015.

The global housing rental service market is experiencing robust growth, driven by factors such as increasing urbanization, a rise in the millennial and Gen Z populations preferring flexible living arrangements, and the expanding popularity of short-term rentals facilitated by platforms like Airbnb and VRBO. The market is segmented by rental type (short-term and long-term) and application (personal and commercial), reflecting diverse consumer needs and business models. While long-term leases remain a significant segment, the short-term rental market is exhibiting particularly rapid growth, fueled by the travel and tourism industry and the increasing demand for flexible accommodations. The market's expansion is further propelled by technological advancements, including property management software and online booking platforms that streamline the rental process for both landlords and tenants. Competition is intense, with established players like Invitation Homes and Tricon Residential alongside emerging tech-driven companies like Blueground and HousingAnywhere vying for market share. Regional variations exist, with North America and Europe currently dominating the market, but significant growth potential is observed in Asia-Pacific and other developing regions as incomes rise and urbanization accelerates. Challenges include regulatory hurdles in various jurisdictions concerning short-term rentals, fluctuating interest rates impacting investment in rental properties, and the ongoing need to address concerns about affordability and housing shortages in many urban areas. Continued expansion in the housing rental service market is projected through 2033, although the rate of growth may moderate slightly compared to recent years. Factors such as economic downturns, changes in government regulations, and shifts in demographic trends could influence market trajectory. Companies are likely to focus on innovation to maintain a competitive edge, including improving their technology platforms, expanding service offerings, and diversifying their property portfolios. The industry will likely see increased consolidation as larger companies acquire smaller players, furthering the drive towards efficiency and economies of scale. Sustainable practices are also expected to gain prominence as consumers become increasingly aware of environmental and social responsibilities, influencing the demand for eco-friendly rental properties and responsible property management practices.

The Electric Car Rental Market Report is Segmented by Vehicle Type (Battery Electric, PHEV, and More), Body Style (Hatchback, Sedan, and More), Customer Type (Leisure/Tourism, and More), Booking Channel (Online and Offline), Rental Duration (Short-Term and More), Price Tier (Budget/Economy and More), End-Use Purpose (Local Commute, and More) and Geography. The Market Forecasts are Provided in Terms of Value (USD).

In 2020, San Jose-Sunnyvale-Santa Clara in California was the most expensive metropolitan area for both renting and owning a home in the United States. The median monthly housing costs for owners in 2020 were ***** U.S. dollars, whereas for renters they were ***** U.S. dollars. In all thirty metropolitan areas, renting was more affordable than buying. As of *************, the average rent for a three bedroom apartment was nearly ***** U.S. dollars.

Mobile Phone Rental Market size was valued at USD 64.2 Billion in 2023 and is projected to reach USD 124.82 Billion by 2031, growing at a CAGR of 16.26% during the forecast period 2024-2031.

Global Mobile Phone Rental Market Drivers

The market drivers for the Mobile Phone Rental Market can be influenced by various factors. These may include:

Increasing Demand For Flexible Solutions: The Mobile Phone Rental Market is gaining traction due to a growing consumer preference for flexible and cost-effective solutions. As individuals and businesses seek to minimize upfront costs associated with purchasing devices, rentals provide a viable alternative. Advancements In Technology: Continuous advancements in mobile technology catalyze growth in the Mobile Phone Rental Market. As new models with cutting-edge features are introduced at a rapid pace, consumers often desire to use the latest devices without incurring significant expenses.

The North America Construction Equipment Rental Market Report is Segmented by Rental Channel (Offline and Online), Machinery Type (Cranes, Excavators, Loaders, Motor Graders, and More), Drive Type (Hydraulic / IC Engine, Hybrid, and More), Application (Building Construction and More), Service Type (Short-Term Rental and More), and Country. The Market Forecasts are Provided in Terms of Value (USD) and Volume (Units).

The report on Single Apartment Rental covers a summarized study of several factors supporting market growth, such as market size, market type, major regions, and end-user applications. The report enables customers to recognize key drivers that influence and govern the market.

Furniture Rental Market size is expected to be worth around USD 104.8 Billion by 2034, from USD 52.3 Billion in 2024, at a CAGR of 7.2%.

Vital statistics related to Ottawa’s rental housing inventory, including cost of rental housing of different sizes and locations.

Accuracy: No know issues. For a detailed description of the methodology and sources used to compile this data set, please refer to the Rental Market Analysis. Update Frequency: One-time dataset

Contact: Emergency and Protective Services – Public Policy Development Branch

Prop Rental Market Outlook

The global prop rental market size was valued at approximately $4.5 billion in 2023 and is expected to reach around $7.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 6.5% during the forecast period. This growth is primarily driven by the increasing demand for customized and themed events, the expanding film and TV industry, and the growing trend of personalized events which require unique props to enhance the aesthetic appeal.

The prop rental market is witnessing significant growth due to an uptick in the number of events, such as corporate gatherings, weddings, and themed parties. The modern consumer's inclination towards creating memorable experiences has led to a heightened demand for unique and thematic props. Additionally, the resurgence of the entertainment industry post-pandemic has fueled demand for film, TV, and theatrical props. The increasing number of content creators and production companies has directly influenced the need for diverse and unique props to create compelling visuals.

Another critical growth factor is the cost-effectiveness of renting props compared to purchasing them. For businesses and individuals alike, renting provides an economical solution to access high-quality and specialized props without the need for significant capital investment. This is particularly beneficial for one-time events or short-term projects where the purchase of props would not be financially viable. The flexibility offered by rental services, allowing clients to choose from a wide range of props and customize their selections, also adds to the market's growth dynamics.

Technological advancements in prop design and production have also contributed to market expansion. The advent of 3D printing and other innovative manufacturing techniques has enabled the creation of intricate and customizable props that were previously difficult or expensive to produce. These advancements have not only broadened the scope of available props but also allowed rental companies to offer more personalized and unique items, thereby attracting a wider clientele.

Event Equipment Rental plays a pivotal role in the prop rental market, particularly as the demand for diverse and specialized equipment continues to rise. This segment caters to a wide range of events, from corporate functions to private celebrations, providing essential tools and equipment that enhance the overall experience. Companies offering event equipment rental services are capitalizing on the trend of personalized and themed events, where clients seek not only unique props but also the necessary equipment to bring their visions to life. This includes everything from lighting and sound systems to staging and seating arrangements, ensuring that each event is executed flawlessly and leaves a lasting impression on attendees.

Regionally, North America holds a significant share of the prop rental market, driven by the presence of major film and TV production hubs like Hollywood and New York. The Asia Pacific region, however, is expected to witness the fastest growth during the forecast period due to the booming entertainment industry and the increasing number of events and corporate functions in countries like China and India. Europe also remains a strong market due to its rich tradition in theater and well-established film industry, particularly in the United Kingdom and France.

Type Analysis

The prop rental market by type is categorized into Event Props, Film and TV Props, Theatrical Props, Themed Props, and Others. Event props are in high demand due to the proliferation of corporate and private events. Companies and individuals are continually seeking innovative and eye-catching props to make their events stand out. This category includes items specifically designed for weddings, corporate gatherings, themed parties, and more. The growing trend of unique and personalized events has significantly driven the demand for event props, making this a lucrative segment.

Film and TV props constitute a substantial portion of the market due to the constant need for new and unique items to create engaging and realistic content. The global expansion of streaming services has led to an increase in the production of films and television series, thereby boosting the demand for props. These props range from everyday household items to highly specialized and custom-designed pieces essential for specific genres and scenes.

Until the coronavirus (COVID-19) pandemic hit the global economy, the European market for equipment rental services grew in size on average. Yet, this market has been hit somewhat hardly by the COVID-19. During 2020, the European rental market shrank by over ***** percent.

This statistic shows the size of the rental market of South Korea in 2011, with forecasts up to 2020. South Korea's rental market size was valued at **** trillion South Korean won in 2011 and was estimated to grow to around **** trillion South Korean won by 2020.

Load Bank Rental Market Outlook

The global load bank rental market size was valued at approximately USD 225 million in 2023 and is projected to reach USD 400 million by 2032, exhibiting a compound annual growth rate (CAGR) of around 6.5% during the forecast period. The primary growth factor driving this market includes the increasing demand for reliable power solutions across various sectors, including power generation, oil and gas, data centers, and manufacturing. As industries strive to ensure seamless operations without power disruptions, the need for load bank rentals to test power systems has become a critical component, facilitating the market's expansion significantly over the years.

One of the major growth factors for the load bank rental market is the increasing frequency of power outages and the need for backup power testing solutions. Industries dependent on consistent power supply are increasingly renting load banks to simulate power loads and ensure the reliability of their generator systems. Additionally, as renewable energy sources become more prevalent, they introduce variability in power supply, thus necessitating load testing to ensure these systems can handle fluctuating loads. This demand for reliable testing solutions is further amplified by the growing requirement for data centers, which need a consistent power supply to protect data integrity and prevent operational downtime, thereby driving the market for load bank rentals.

The technological advancements in load banks are also contributing significantly to market growth. The development of portable and versatile load banks has enabled industries to conduct testing in diverse environments and conditions. These advancements have increased the appeal of renting load banks rather than purchasing them, as the rental option provides access to the latest technology without the burden of ownership costs. Moreover, the increasing focus on reducing carbon footprints and enhancing energy efficiency is pushing industries to opt for eco-friendly load banks, which are often more readily available for rent than purchase. This trend towards sustainable solutions is fostering a positive outlook for the load bank rental market.

Furthermore, the market is witnessing an increasing trend of outsourcing non-core operations, which include power system testing. Companies are choosing to rent load banks to focus on their core business activities while leaving the maintenance and updating of testing equipment to rental service providers. This shift towards a rental model allows businesses to benefit from the latest testing technologies and services without the upfront investment, providing a flexible and cost-effective solution. Additionally, as businesses expand globally, they require temporary testing solutions for short-duration projects, further propelling the demand for load bank rentals.

Load Bank technology plays a pivotal role in ensuring the reliability and efficiency of power systems across various industries. These devices are essential for testing and maintaining power sources, such as generators and UPS systems, by simulating real-world load conditions. By doing so, they help identify potential issues before they lead to costly downtimes or failures. The versatility of load banks allows them to be used in diverse applications, from data centers to oil and gas facilities, making them an indispensable tool in today's energy-dependent world. As industries continue to prioritize operational reliability, the demand for load banks is expected to grow, further driving the market for rental services.

Regional Outlook

Regionally, North America holds a significant share in the load bank rental market, driven by the robust presence of data centers and advanced infrastructure. The increasing demand for reliable power backup systems in the United States and Canada, combined with stringent regulations on power system testing, has contributed to the market's growth in this region. Additionally, the presence of key market players and technological advancements provides a conducive environment for the market to thrive. The North American market is forecasted to grow at a steady CAGR, reflecting the ongoing demand for high-quality power testing solutions across various industries.

In the Asia Pacific region, the load bank rental market is expected to witness rapid growth during the forecast period. The burgeoning industrial activities, particularly in emerging economies like China and India, are dri