The apartment rental market in the United States has been stagnating since 2019, after increasing year-on-year for several years. In 2022, the estimated market size of apartment rental was 253.4 billion U.S. dollars, down from 255.3 billion U.S. dollars in 2021. In 2023, the market is forecast to further contract by one percent, reaching 251.1 billion U.S. dollars.

Snapshot img

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?

Request Free Sample

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.

Get a glance at the share of various segments. Request Free Sample

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.

For more insights on the market share of various regions Request Free Sample

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

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.

Data Points	Key Statistics
Expected Market Value of Online Home Rental in 2023	US$ 18.24 billion
Anticipated Forecast Value of the Online Home Rental Market in 2033	US$ 77.09 billion
Projected Growth Rate of the Global Home Rental Market from 2023 to 2033	CAGR of 14%

Rental vacancy rates across the United States showed significant regional differences in 2023, with the South experiencing the highest rate at 8.7 percent. This disparity reflects broader demographic shifts and economic factors influencing the rental market. The regional variations in vacancy rates have persisted despite an overall decline since 2014, highlighting the complex dynamics of the U.S. housing landscape. Rental demand and affordability challenges The rental market continues to face pressure from high demand, particularly among younger demographics. People under 30 comprise the largest share of American renters, with approximately 42 million in this age group. Despite softening rents in some areas, affordability remains a significant issue. In 2023, 42.5 percent of renters paid gross rent exceeding 35 percent of their income, indicating widespread financial strain among tenants. Regional disparities and market trends The Northeast and West regions, which include many large urban areas, have consistently lower vacancy rates compared to the Midwest and South. This trend aligns with population shifts towards these regions, fueling higher home prices growth. The rental market has shown signs of stabilization in 2023, with the number of vacant homes for rent slightly picking up after two years of record-low vacancy.

Snapshot img

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.

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

Request Free Sample

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.

Get a glance at the Compact Power Equipment Rental Industry report of share of various segments Request Free Sample

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.

For more insights on the market share of various regions, Request Free Sample

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

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!

In January 2025, apartment rents recorded an annual growth in most U.S. states. Nevertheless, the national average rent declined by about one percent. West Virginia was the state with the largest rental increase, while Colorado measured the largest decline. California, one of the most expensive states to rent an apartment, such as California, saw an increase of about one percent from the previous year. How much should you earn to afford to rent an apartment in different states in the U.S.? Both employment opportunities and the living costs vary widely across the country. In California, which is among the most competitive housing markets in the U.S., the hourly wage needed to afford a two-bedroom apartment rental was roughly 47 U.S. dollars, more than twice higher than in North Carolina, Louisiana, or Michigan in 2024. When it comes to the median household income, on the other hand, California does not even make it in the top ten states. How much should you earn to afford a home in some of U.S. largest metros? In 2022, the annual salary needed to buy a median-priced home in the U.S. was 97,000 U.S. dollars. However, in some of the largest metropolitan areas in the United States, where housing prices are up to two or three times higher, homebuyers would have to earn more than 100,000 U.S. dollars to afford a home. In San Jose, which was the most expensive metro, the annual salary needed for a median-priced home was approximately 374,000 U.S. dollars.

The average monthly rent for all apartment types in the U.S. soared in 2021 and 2022, followed by a slight decline in the next two years. In January 2025, the monthly rent for a two-bedroom apartment amounting to 1,356 U.S. dollars. That was an increase from 1,136 U.S. dollars in January 2021 but a decline from the peak value of 1,427 U.S. dollars in August 2022. Where are the most expensive apartments in the U.S.? Apartment rents vary widely from state to state. To afford a two-bedroom apartment in California, for example, a renter needed to earn an average hourly wage of nearly 42 U.S. dollars, which was approximately double the average wage in North Carolina and three times as much as the average wage in Arkansas. In fact, rental costs were considerably higher than the hourly minimum wage in all U.S. states. How did rents change in different states in the U.S.? In 2024, some of the most expensive states to rent an apartment only saw a moderate increase in rental prices. Nevertheless, rents increased in most states as of January 2025. In West Virginia, the annual rental growth was the highest, at seven percent.

The median rent for one- and two-bedroom apartments in Los Angeles, California, amounted to about 2,057 U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, with rental growth hitting 16.5 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.

The median rent for one- and two-bedroom apartments in Washington, D.C., amounted to about 2,121 U.S. dollars by the end of 2023. Rents decreased by over 11.6 percent annually in December 2020, but this trend quickly reversed and as of December 2021, rental growth was 12.7 percent. Among the different states in the U.S., the District of Columbia ranks as one of the most expensive rental markets.

The global cranes rental market is poised for substantial growth, with a projected valuation of US$ 48.8 billion in 2023. This upward trajectory is attributed to several factors, including the surge in demand for rental cranes.

Data Points	Key Statistics
Cranes Rental Market Value (2023)	US$ 48.8 billion
Cranes Rental Market Projected Value (2033)	US$ 95.8 billion
Cranes Rental Market CAGR (2023 to 2033)	7.0%

Explore the Consumer Goods And General Rental Centers Market trends! Covers key players, growth rate 8.2% CAGR, market size $264.5 Billion, and forecasts to 2034. Get insights now!

In 2023, there were approximately 45 million housing units occupied by renters in the United States. This number has been gradually increasing since 2010 as part of a long-term upward swing since 1975. Meanwhile, the number of unoccupied rental housing units has followed a downward trend, suggesting a growing demand and supply failing to catch up. Why are rental homes in such high demand?This high demand for rental homes is related to the shortage of affordable housing. Climbing the property ladder for renters is not always easy, as it requires prospective homebuyers to save up for a down payment and qualify for a mortgage. In many metros, the median household income is insufficient to qualify for the median-priced home. How many owner occupied homes are there in the U.S.? In 2023, there were over 86 million owner occupied homes. Owner occupied housing is when the person who owns a property – either outright or through a mortgage – also resides in the property. Excluded are therefore rental properties, employer-provided housing and social housing.

Recording a y-o-y growth of 5.3% in 2023, the United States car rental field reached US$ 32,084.4 million. Over the forecast period, demand for car rentals in the United States is predicted to rise at a CAGR of 4.9%. Total car rental revenue in the United States is set to expand from US$ 33,775.8 million in 2024 to US$ 54,249.5 million by 2034.

Attributes	Key Insights
Base Value (2023)	US$ 32,084.4 million
Estimated United States Car Rental Sector Size (2024)	US$ 33,775.8 million
Projected United States Car Rental Sector Revenue (2034)	US$ 54,249.5 million
Anticipated CAGR (2024 to 2034)	4.9%

Historical Performance Vs. United States Car Rental Industry Analysis

Historical CAGR (2019 to 2023)	3.8%
Forecast CAGR (2024 to 2034)	4.9%

Category-wise Insights

Car Type	Economy Car
Value CAGR	4.5%

End-use	On-airport
Value CAGR	5.8%

Booking Mode	Mobile Application
Value CAGR	6.9%

Report Scope of the Rental Car Industry Analysis in the United States

Attribute	Details
Estimated Value (2024)	US$ 33,775.8 million
Projected Value (2034)	US$ 54,249.5 million
Expected Growth Rate (2024 to 2034)	4.9% CAGR
Forecast Period	2023 to 2034
Historical Data Available for	2019 to 2023
Industry Analysis	US$ million for Value
Key Countries Covered	United States
Key Segments Covered	Car Type End-use Booking Mode Sector
Key Companies Profiled	The Hertz Global Holdings Inc. Enterprise Rent-A-Car Avis Budget Group Inc. Uber Technologies Inc. Getaround Inc. U-Save Car & Truck Rental Rent-A-Wreck of America Inc. Wingz Car2go Group GmbH The Catalyst Capital Group Inc. Sixt SE Localize Rent A Car SA Europcar Mobility Group Others (as requested)
Report Coverage	Business Forecast, Company Share Analysis, Competition Intelligence, Business Dynamics and Challenges, and Strategic Growth Initiatives

[216+ Pages Report] The global car rental market size is expected to grow from USD 121.38 billion in 2023 to USD 246.12 billion by 2032, at a CAGR of 8.17% from 2024-2032

The median rent for one- and two-bedroom apartments in San Francisco, CA, amounted to about 2,620 U.S. dollars at the end of 2023. Rents decreased drastically after the beginning of the coronavirus pandemic - by over 25 percent between December 2019 and December 2020. This trend reversed in 2021, and as of December 2021, the annual rental growth stood at 15 percent. Among the different states in the U.S., California ranks as the second most expensive rental market in 2023.

The boat rental market is anticipated to flourish at an average CAGR of 5.4% between 2023 and 2033. The market is expected to hold a market share of US$ 27.9 billion by 2033, while the market is likely to reach a value of US$ 16.5 billion in 2023.

Attribute	Details
Boat Rental Market CAGR (2023 to 2033)	5.4%
Boat Rental Market Size (2023)	US$ 16.5 billion
Boat Rental Market Size (2033)	US$ 27.9 billion

Country-wise Insights

Country	Revenue Share % (2023)
United States	14.0%
United Kingdom	6.9%
Malaysia	7.0%
Australia	5.0%
North America	25.0%
Europe	22.0%

Country	CAGR % (2023 to 2033)
Maldives	6.1%
Spain	3.6%
Turkey	4.4%

Category-wise Landscape

Category	Leading Segment
By Propulsion Type	Full Powered
By Boat Size Type	Up to 20 Feet

The global furniture rental service market size reached US$ 72.5 billion in 2022. Revenue generated by furniture rental services sales is likely to reach US$ 80.1 billion in 2023. Sales are poised to soar by 9.0% CAGR over the forecast period between 2023 and 2033. Demand is anticipated to total US$ 190 billion by 2033.

Attributes	Key Insights
Furniture Rental Service Market Estimated Size (2023E)	US$ 80.1 billion
Furniture Rental Service Market Projected Valuation (2033F)	US$ 190 billion
Value-based CAGR (2023 to 2033)	9.0%

Historical Performance of Furniture Rental Service Market

Historical CAGR of Furniture Rental Service Market (2018 to 2022)	12.7%
Historical Value of Furniture Rental Service Market (2022)	US$ 72.5 billion

Country-wise Insights

Country	Projected Value (2033)
United States	US$ 33.4 billion
United Kingdom	US$ 7.3 billion
China	US$ 28.5 billion
Japan	US$ 18.7 billion
South Korea	US$ 11.9 billion

Category-wise Insights

Category	Wood
Value-based CAGR (2023 to 2033)	8.8%

Category	Commercial
Value-based CAGR (2023 to 2033)	8.5%

Scope of the Report

Attribute	Details
Estimated Market Size (2023)	US$ 80.1 billion
Projected Market Valuation (2033)	US$ 190 billion
Value-based CAGR (2023 to 2033)	9.0%
Forecast Period	2023 to 2033
Historical Data Available for	2018 to 2022
Market Analysis	Value (US$ billion/million) and Volume (MT)
Key Regions Covered	Latin America, North America, Europe, South Asia, East Asia, Oceania, and Middle East & Africa
Key Countries Covered	United States, Mexico, Brazil, Chile, Peru, Argentina, Germany, France, Italy, Spain, Canada, United Kingdom, Belgium, Nordic, Poland, Russia, Japan, South Korea, China, Netherlands, India, Thailand, Malaysia, Indonesia, Singapore, Australia, New Zealand, GCC Countries, South Africa, Central Africa, and others
Key Market Segments Covered	Material Application Region
Key Companies Profiled	Feather, Aaron’s LLC Rent-A-Center Brook Furniture Rental Inc. The Everset

The global furniture rental market size is anticipated to witness staggering growth from 2023 to 2033. According to the research report published by FMI, the global market is anticipated to surpass a valuation of US$ 55.75 billion in 2023. It is likely to reach a valuation of US$ 110.69 billion by 2033. The market is projected to showcase a noteworthy CAGR of 7.1% during the forecast period.

Attributes	Details
Furniture Rental Market Share (2022)	US$ 52.05 billion
Furniture Rental Market Share (2023)	US$ 55.75 billion
Furniture Rental Market Share (2033)	US$ 110.69 billion
Furniture Rental Market Share (2023 to 2033)	7.1%

Snapshot img

Real Estate Market Size 2025-2029

The real estate market size is forecast to increase by USD 1,258.6 billion at a CAGR of 5.6% between 2024 and 2029.

The market is experiencing significant shifts and innovations, with both residential and commercial sectors adapting to new trends and challenges. In the commercial realm, e-commerce growth is driving the demand for logistics and distribution centers, while virtual reality technology is revolutionizing property viewings. Europe's commercial real estate sector is witnessing a rise in smart city development, incorporating LED lighting and data centers to enhance sustainability and efficiency. In the residential sector, wellness real estate is gaining popularity, focusing on health and well-being. Real estate software and advertising services are essential tools for asset management, streamlining operations, and reaching potential buyers. Regulatory uncertainty remains a challenge, but innovation in construction technologies, such as generators and renewable energy solutions, is helping mitigate risks.

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

Request Free Sample

The market continues to exhibit strong activity, driven by rising population growth and increasing demand for personal household space. Both residential and commercial sectors have experienced a rebound in home sales and leasing activity. The trend towards live-streaming rooms and remote work has further fueled demand for housing and commercial real estate. Economic conditions and local market dynamics influence the direction of the market, with interest rates playing a significant role in investment decisions. Fully furnished, semi-furnished, and unfurnished properties, as well as rental properties, remain popular options for buyers and tenants. Offline transactions continue to dominate, but online transactions are gaining traction.
The market encompasses a diverse range of assets, including land, improvements, buildings, fixtures, roads, structures, utility systems, and undeveloped property. Vacant land and undeveloped property present opportunities for investors, while the construction and development of new housing and commercial projects contribute to the market's overall growth.

How is this Real Estate Industry segmented and which is the largest segment?

The 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.

Type

  Residential
  Commercial
  Industrial


Business Segment

  Rental
  Sales


Manufacturing Type

  New construction
  Renovation and redevelopment
  Land development


Geography

  APAC

    China
    India
    Japan
    South Korea


  North America

    Canada
    US


  Europe

    Germany
    UK


  South America

    Brazil


  Middle East and Africa

By Type Insights

The residential segment is estimated to witness significant growth during the forecast period.

The market encompasses the buying and selling of properties designed for dwelling purposes, including buildings, single-family homes, apartments, townhouses, and more. Factors fueling growth in this sector include the increasing homeownership rate among millennials and urbanization trends. The Asia Pacific region, specifically China, dominates the market due to escalating homeownership rates. In India, the demand for affordable housing is a major driver, with initiatives like Pradhan Mantri Awas Yojana (PMAY) spurring the development of affordable housing projects catering to the needs of lower and middle-income groups. The commercial real estate segment, consisting of office buildings, shopping malls, hotels, and other commercial properties, is also experiencing growth.

Furthermore, economic and local market conditions, interest rates, and investment opportunities in fully furnished, semi-furnished, unfurnished properties, and rental properties influence the market dynamics. Technological integration, infrastructure development, and construction projects further shape the real estate landscape. Key sectors like transportation, logistics, agriculture, and the e-commerce sector also impact the market.

Get a glance at the market report of share of various segments Request Free Sample

The Residential segment was valued at USD 1440.30 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

APAC is estimated to contribute 64% 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.

For more insights on the market share of various regions, Request Free Sample

The Asia Pacific region holds the largest share of The market, dr