$631.8m
$XX.Xm
2,073
426
$XXX.Xm
The Home Furniture Rental industry serves customers who lease or rent furniture products, including bed frames, couches, dining room tables, and other home products. The industry primarily caters to individuals with an immediate short-term need, like college students or those who lack the necessary income or credit to purchase these big-ticket items. This industry is countercyclical to the economy, performing well in difficult economic times when consumer confidence and spending are limited. Conversely, during good economic times, when disposable income levels are high, credit is more accessible, and consumer spending is rising, consumers are more likely to purchase home furniture rather than rent it. Industry revenue has been shrinking at an annualized 2.4% over the five years to 2024 and is expected to total $631.8 million in 2024 when revenue will drop an estimated 3.0%.
Industry revenue has declined at a CAGR of 2.4 % over the past five years, to reach an estimated $631.8m in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Aaron's Inc. | 188.5 | 3.5 | 1.9 | |
Rent A Center Inc De | 108.4 | 3.8 | 3.5 | |
Cort Business Services Corp | 92.5 | 9.4 | 10.2 |
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Industry revenue is measured across several distinct product and services lines, including Living room sets, Dining room sets and Bedroom sets. Living room sets is the largest segment of the Home Furniture Rental in the US.
Demand for bedroom sets can be seasonal
The Home Furniture Rental industry includes companies that rent or lease household furniture to lessees and homeowners. Rental furniture includes dining room, living room and bedroom furniture, as well as lamps, tables and television stands. This industry does not include companies that primarily rent household appliances, electronics or office furniture.
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NAICS 53228 - Home Furniture Rental in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
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The Home Furniture Rental industry serves less-affluent, employed customers. These are people who need more credit and income to make large discretionary purchases like new s...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Companies with open showrooms will have an advantage over those with closed galleries. Consumers like to compare furniture products in person and get a feel for their size an...
Learn about the performance of the top companies in the industry.
Aaron's reaches milestones with the 100th "Gennext" store opening. GenNext stores feature new designs, including larger, brighter, easier-to-navigate main showrooms stocked o...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Furniture stores might offer sales and promotions during economic booms, making buying furniture more attractive compared to renting. This can incentivize purchases and put r...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Companies have been forced to slash prices and offer special promotions amid intense competition. As demand continues to decline, businesses will continue implementing these ...
Including values and annual change:
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Key data sources in the US include:
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These sources include:
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The market size of the Home Furniture Rental in the US industry in United States is $631.8m in 2024.
There are 426 businesses in the Home Furniture Rental in the US industry in United States, which has declined at a CAGR of 7.9 % between 2019 and 2024.
The market size of the Home Furniture Rental in the US industry in United States has been declining at a CAGR of 2.4 % between 2019 and 2024.
Over the next five years, the Home Furniture Rental in the US industry in United States is expected to decline.
The biggest companies operating in the Home Furniture Rental market in United States are Aaron's Inc., Rent A Center Inc De and Cort Business Services Corp
Renting living room sets and Renting bedroom sets are part of the Home Furniture Rental in the US industry.
The company holding the most market share in United States is Aaron's Inc..
The level of competition is high and increasing in the Home Furniture Rental in the US industry in United States.