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The rent price index in Australia in the first quarter of 2025 was *****, marking an increase from the same quarter of the previous year. Rent prices had decreased in 2020; in Melbourne and Sydney, this was mainly attributed to the absence of international students during the coronavirus outbreak. The current state of the rental market in Australia The rental market in Australia has been marked by varying conditions across different regions. Among the capital cities, Sydney has long been recognized for having some of the highest average rents. As of March 2025, the average weekly rent for a house in Sydney was *** Australian dollars, which was the highest average rent across all major cities in Australia that year. Furthermore, due to factors like population growth and housing demand, regional areas have also seen noticeable increases in rental prices. For instance, households in the non-metropolitan area of New South Wales’ expenditure on rent was around ** percent of their household income in the year ending June 2024. Housing affordability in Australia Housing affordability remains a significant challenge in Australia, contributing to a trend where many individuals and families rent for prolonged periods. The underlying cause of this issue is the ongoing disparity between household wages and housing costs, especially in large cities. While renting offers several advantages, it is worth noting that the associated costs may not always align with the expectation of affordability. Approximately one-third of participants in a recent survey stated that they pay between ** and ** percent of their monthly income on rent. Recent government initiatives, such as the 2024 Help to Buy scheme, aim to make it easier for people across Australia to get onto the property ladder. Still, the multifaceted nature of Australia’s housing affordability problem requires continued efforts to strike a balance between market dynamics and the need for accessible housing options for Australians.

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The Furniture, Appliance and Equipment Rental industry has struggled in recent years. Industry revenue is expected to have declined at an annualised 4.3% over the five years through 2024-25, to $6.3 billion, in response to subdued business confidence and the loss of customers to low-priced online furniture sales. This trend includes an anticipated revenue contraction of 3.1% in 2024-25. Enterprise and establishment numbers have grown slightly as more specialised providers have emerged to cater to specific segments. High capital costs and requirements to upgrade electronic equipment and appliances have prompted some rental companies to exit the industry, offsetting further growth in enterprise numbers. A climbing number of households and businesses has limited demand falls. Still, rental companies have been facing more competition in response to widespread price drops for electronics and furniture. Through price deflation, numerous department stores, like Kmart, have made buying appliances and furniture more appealing than renting. A failure to lower prices can effectively encourage businesses and households to purchase goods outright, exerting downwards pressure on profit margins. Solid growth in household numbers and buoyant business confidence are set to support a modest improvement in the industry’s performance, with revenue forecast to climb at an annualised 1.0% over the five years through 2029-30, to $6.7 billion. However, competition from online furniture retailing and traditional retail outlets will continue to constrain rental companies’ performance. Tightening international student visa regulations will present a significant obstacle to many rental companies, and intense competitive pressures will encourage companies to broaden their customer base and expand their product range. These adjustments may include renting out eco-friendly products to attract environmentally conscious customers, and compact and multifunctional furniture to capitalise on urbanisation trends.

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Industrial Pump Rental Market Size 2025-2029

The industrial pump rental market size is valued to increase by USD 3.25 billion, at a CAGR of 9% from 2024 to 2029. Increasing benefits of pump rental services will drive the industrial pump rental market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 38% growth during the forecast period.
By End-user - Industrial segment was valued at USD 3.5 billion in 2023
By Type - Centrifugal pumps segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 90.93 million
Market Future Opportunities: USD 3251.80 million
CAGR from 2024 to 2029 : 9%

Market Summary

The market has experienced significant growth. The expansion can be attributed to the increasing demand for flexible and cost-effective solutions in various industries, including oil and gas, power generation, and water and wastewater treatment. Service delivery innovation is a key driver in the industrial pump rental sector. Rental companies invest heavily in advanced technologies to provide customized solutions, ensuring optimal performance and minimal downtime. These offerings include predictive maintenance, remote monitoring, and digital solutions that streamline operations and enhance efficiency. Despite these advancements, operational challenges persist in the pump rental industry.
Complex projects often require a diverse range of pumps, making logistics and inventory management a significant hurdle. Additionally, ensuring regulatory compliance and maintaining a skilled workforce pose ongoing challenges. In conclusion, the market continues to evolve, offering businesses adaptable and efficient solutions to meet their unique needs. By focusing on service delivery innovation and addressing operational challenges, rental companies can deliver value and build trust with their clients. 

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

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How is the Industrial Pump Rental Market Segmented?

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

End-user

  Industrial
  Water utility
  Construction


Type

  Centrifugal pumps
  Positive displacement pumps
  Others


Application

  Oil and gas
  Chemical
  Mining
  Power
  Others


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    UK


  APAC

    Australia
    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By End-user Insights

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

The market encompasses a diverse range of applications across various industries, including food and beverage, pharmaceutical, automotive, electronics and semiconductors, oil and gas, chemical, power, and mining. Rental pumps play a crucial role in these sectors, particularly during construction phases, where they are employed for dewatering and high-volume pumping to manage excess water or sludge. In the oil and gas industry, pump rentals are indispensable for drilling mud management, mud and water separation, mud mixing, mud storage, fluid management, gas busters, water treatment, and filtration applications. These services cater to the industry's unique requirements, offering flexibility and cost-effectiveness through a wide array of offerings, such as chemical pump rental, positive displacement pumps, pump installation services, pumping station operation, high-pressure pump rental, diesel pump rental, diaphragm pump rental, long-term pump rental, dewatering pump rental, pumping equipment, hydraulic pump rental, fluid transfer systems, low-flow pump rental, centrifugal pump rental, electric pump rental, pump decommissioning, pipeline pumping, pump head pressure, submersible pump rental, pump horsepower, temporary pumping solutions, pump rental contracts, pneumatic pump rental, short-term pump rental, slurry pump rental, wastewater pump rental, pump efficiency, emergency pump rental, rental pump selection, pump flow rate, industrial pump maintenance, high-volume pump rental, industrial fluid handling, and more.

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The Industrial segment was valued at USD 3.5 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 38% 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.

See How Industrial Pump Rental Market Demand is Rising in APAC Req

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Self Drive Market Size 2025-2029

The self drive market size is forecast to increase by USD 2.36 billion, at a CAGR of 30.6% between 2024 and 2029.

The market is experiencing significant growth due to several key trends. One notable trend is the increasing interest in self-driving vehicles, which offer travellers greater convenience and flexibility. Another trend is the integration of telematics technology in self-drive car rentals, enabling real-time vehicle tracking and monitoring. However, the high cost of self-driving car rentals remains a challenge for market growth. Despite this, the market is expected to continue expanding as technology advances and becomes more affordable. The use of telematics in self-drive car rentals offers numerous benefits, such as improved safety, reduced insurance costs, and enhanced customer experience. 
Car rental services cater to intercity and intracity travel, offering inexpensive alternatives to private automobiles for tourists and business travellers alike. However, the high initial investment required for implementing telematics technology and the high cost of self-driving vehicles are major obstacles for market growth. Overall, the self-drive car rental market is poised for growth, driven by the increasing popularity of self-driving vehicles and the integration of telematics technology.

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

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The market represents a significant and dynamic sector within the global mobility industry. This market caters to both tourism and commuting needs, offering short-term and long-term rental options for various vehicle types, including hatchbacks, sedans, SUVs, MUVs, and standard, and luxury models. The market is organized and unorganized, with both online and offline channels serving customers' diverse preferences. Millennials, as a major demographic, are driving growth In the market due to their increasing demand for flexible, cost-effective, and convenient mobility solutions. The market's size is substantial, with millions of transactions occurring annually, especially at airports and tourist destinations.
Mobility infrastructure plays a crucial role In the market's development, with Wi-Fi networks, entertainment systems, GPS systems, and insurance plans enhancing the rental experience. The market's direction is towards greater customization and integration of technology, enabling customers to easily compare prices, book vehicles, and manage their rentals online. The market's continued expansion is driven by the evolving needs of consumers, who seek efficient, flexible, and affordable mobility solutions.

How is this Self Drive Industry segmented and which is the largest segment?

The self drive 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.

Vehicle Type

  Economic cars
  Luxury cars


Mode Of Booking

  Offline
  Online


Type

  Short-term rentals
  Long-term rentals


Application

  Leisure and vacation travel
  Corporate and business use
  Airport rentals
  Intercity and intracity rentals
  Subscription and leasing services


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Italy
    Spain


  APAC

    China
    Japan


  South America



  Middle East and Africa

By Vehicle Type Insights

The economic cars segment is estimated to witness significant growth during the forecast period. Self-drive car rentals, particularly those offering economic cars, have gained significant traction in both the tourism and commuting sectors. Millennials, in particular, prefer this mobility option due to its convenience and affordability. Online and offline channels, including websites, mobile applications, and e-booking services, facilitate easy booking. New-age startups have disrupted the car rental sector with custom services, after-sale support, and complementary offerings such as Wi-Fi networks, entertainment systems, and GPS systems. The organized market dominates, but the unorganized sector also plays a role, especially in rural areas. Short-term and long-term rental options cater to various consumer needs. Tourists, service professionals, and corporate offices are significant consumers.

The tourism sector, with international, tourist, and foreign tourist arrivals, drives demand for car rentals at tourist destinations. National highways and road transportation infrastructure development further boost the market. Insurance options are crucial for consumers. Self-drive car rental services offer a range of ownership and lease contracts, allowing customers to choose based on their requirements. Companies provide a diverse car portfolio, including hatchbacks, sedans, SUVs,

What are the top vacation rentals in Middleback Range? How many vacation rentals have private pools in Middleback Range? Which vacation homes in Middleback Range are best for families? How many Rentbyowner vacation rentals are available in Middleback Range?

What are the top vacation rentals in Sarina Range? How many vacation rentals have private pools in Sarina Range? Which vacation homes in Sarina Range are best for families? How many Rentbyowner vacation rentals are available in Sarina Range?

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Residential Real Estate Market Size 2025-2029

The residential real estate market size is valued to increase USD 485.2 billion, at a CAGR of 4.5% from 2024 to 2029. Growing residential sector globally will drive the residential real estate market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 55% growth during the forecast period.
By Mode Of Booking - Sales segment was valued at USD 926.50 billion in 2023
By Type - Apartments and condominiums segment accounted for the largest market revenue share in 2023

Market Size & Forecast

Market Opportunities: USD 41.01 billion
Market Future Opportunities: USD 485.20 billion
CAGR : 4.5%
APAC: Largest market in 2023

Market Summary

The market is a dynamic and ever-evolving sector that continues to shape the global economy. With increasing marketing initiatives and the growing residential sector globally, the market presents significant opportunities for growth. However, regulatory uncertainty looms large, posing challenges for stakeholders. According to recent reports, technology adoption in residential real estate has surged, with virtual tours and digital listings becoming increasingly popular. In fact, over 40% of homebuyers in the US prefer virtual property viewings. Core technologies such as artificial intelligence and blockchain are revolutionizing the industry, offering enhanced customer experiences and streamlined processes.
Despite these advancements, regulatory compliance remains a major concern, with varying regulations across regions adding complexity to market operations. The market is a complex and intriguing space, with ongoing activities and evolving patterns shaping its future trajectory.

What will be the Size of the Residential Real Estate Market during the forecast period?

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How is the Residential Real Estate Market Segmented and what are the key trends of market segmentation?

The residential real estate 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.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

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

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The Sales segment was valued at USD 926.50 billion in 2019 and showed a gradual increase during the forecast period.

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Regional Analysis

APAC is estimated to contribute 55% 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 the Asia Pacific (APAC) region holds a significant share and is projected to lead the global market growth. Factors fueling this expansion include the region's rapid urbanization and increasing consumer spending power. Notably, residential and commercial projects in countries like India and China are experiencing robust development. The residential real estate sector in China plays a pivotal role in the economy and serves as a major growth driver for the market.

With these trends continuing, the APAC the market is poised for continued expansion during the forecast period.

Market Dynamics

Our researchers analyzed the data with 2024 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

In the Residential Real Estate Market, understanding the impact property tax rates home values and effect interest rates mortgage affordability is essential for buyers and investors. Key factors affecting home price appreciation and factors influencing housing affordability shape market trends, while the importance property due diligence process and requirements environmental site assessment ensure informed decisions. Investors benefit from methods calculating rental property roi, process home equity loan application, and benefits real estate portfolio diversification. Tools like property management software efficiency and techniques effective property marketing help tackle challenges managing rental properties. Additionally, strategies successf

Sydney had the highest median house value compared to other capital cities in Australia as of April 2025, with a value of over **** million Australian dollars. Brisbane similarly had relatively high average residential housing values, passing Canberra and Melbourne to top the pricing markets for real estate across the country alongside Sydney. Housing affordability in Australia Throughout 2024, the average price of residential dwellings remained high across Australia, with several capital cities breaking price records. Rising house prices continue to be an issue for potential homeowners, with many low- and middle-income earners priced out of the market. In the fourth quarter of 2024, Australia’s house price-to-income ratio declined slightly to ***** index points. With the share of household income spent on mortgage repayments increasing alongside the disparity in supply and demand, inflating construction costs, and low borrowing capacity, the homeownership dream has become an unattainable prospect for the average person in Australia. Does the rental market offer better prospects? Renting for prolonged periods has become inevitable for many Australians due to the country’s largely inaccessible property ladder. However, record low vacancy rates and elevated median weekly house and unit rent prices within Australia’s rental market are making renting a less appealing prospect. In financial year 2024, households in the Greater Sydney metropolitan area reported spending around ** percent of their household income on rent.

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These are the Airbnb statistics on gross revenue by country.

This is the complete breakdown of how much revenue Airbnb makes in commission from listings in each region.