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Furniture Rental Market Strategies & Technology 2033

The global furniture rental market size is projected to witness staggering growth from 2023 to 2033. According to the research report published by FMI, the global market is anticipated to exceed 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% from 2023 to 2033.

The ever-increasing global population is surging the demand for housing, particularly in urban areas. Though living space is limited in urban areas, many people are choosing to live in small apartments and shared housing arrangements. This trend is creating a demand for flexible furniture solutions such as furniture rentals. Furniture rentals are economic and convenient solutions, and people can easily furnish their living spaces without the hassles of buying, transporting, and assembling them. As the global population expands, the demand for furniture rentals is likely to rise as consumers seek affordable and convenient solutions for their living spaces.

The residential application market is predicted to grow quickly. It is projected that the growing acceptance of online education and work-from-home/hybrid employment arrangements will support market expansion. The price of renting household furnishings is anticipated to rise in the future years. Demand is increasing as more rent-paying families and bachelors become aware of furniture rental services and the benefits they offer. As a result of rising digitization and the introduction of affordable subscription options, the industry is expected to grow.

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The growing popularity of home staging is predicted to foster growth in the market. Several furniture rental businesses are engaging in home staging, which allows homeowners to showcase their property without purchasing expensive furniture. The increasing construction of new commercial buildings and offices is another significant factor driving market growth. Furniture rental services are witnessing increased annual signups for several kinds of office furniture, including desks, tables, benches, and others.

Key Takeaways from the Furniture Rental Market:
In 2018, the global market size stood at nearly US$ 24.48 billion.
The beds segment generated a substantial revenue of more than 31.25% in 2022.
The wood material segment held a huge share of more than 38.7% in 2022.
The commercial application segment held the lion’s share in 2022, accounting for nearly 60.5% of the global revenue.
North American region held a substantial share of nearly 35.2% in 2022 globally.

Recent Developments Observed by FMI:
David Phillips merged with Monty Space in March 2022. The merger is aimed to broaden the company’s furniture range into the growing built-to-rent market.
In February 2021, Rent-A-Center acquired Acima Holdings. Customers may now take advantage of the company's flexible Lease-to-Own (LTO) options via digital, internet, and mobile channels, thanks to the purchase.
Furlenco launched ‘UNLTMD’ in July 2021. This annual subscription service gives customers the appliances and furniture they desire all at once and for a single price.

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Key Players in the Global Furniture Rental Market
Furlenco
Feather
Rentomojo
Brook Furniture Rental
Rent-A-Center
Luxe Modern Rentals
The Everest

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Contact Lenses Market Size, Share, Forecasts Analysis, Company Profiles,Key Regions 2033

The contact lenses market size is estimated to be worth USD 9.6 billion in 2023 and USD 15.2 billion in 2033. From 2023 to 2033, the market is anticipated to expand at a CAGR of 4.7%.
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Submarine Cable Systems Market Analysis and Projections for Emerging Trends, New Developments and Forecast to 2028

Geographically, the Submarine Cable Systems market is segmented into North America, APAC, Europe, MEA, and SAM regions. Asia Pacific leads the submarine cable systems market in 2018 with a significant market share, Whereas Middle East is anticipated to gro with a highest CAGR. Various significant developments have been witnessed with regards to the deployments of the submarine cable systems in the Asia Pacific region. By 2020, the bandwidth demand for the trans-pacific undersea cables network is anticipated to grow to seven-folds of the current bandwidth value, and thereby attract huge investments for the market. Asia Pacific region is considered to be one of the important communications hubs across the globe and therefore efficient communication cabling infrastructure for empowering seamless information exchange across the data centers is one of the most crucial aspects for the region. Furthermore, the Middle East and Africa is expected to witness high demand due to, government focus on increasing optical fibers in the region owing to the high efficiency and reduce power consumption. In the Middle East region, based on the cables installed, the UAE leads the region (19 cables), followed by Saudi Arabia and Oman correspondingly. Further, over 50% of the 39 cables serving the region land in these three countries.

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The List of Companies-

Huawei Marine Networks Co., Limited
Subcom, LLC
NEC Corporation
Fujitsu Limited
Nokia Corporation
Hawaiki Cable Limited
Sumitomo Electric Industries, Ltd.
Nexans SA
Prysmian Group
Mitsubishi Electric Corporation
The research provides answers to the following key questions:

What is the estimated growth rate of the market for the forecast period 2022–2028? What will be the market size during the estimated period?
What are the key driving forces responsible for shaping the fate of the Submarine Cable Systems market during the forecast period?
Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Submarine Cable Systems market?
What are the prominent market trends influencing the development of the Submarine Cable Systems market across different regions?
What are the major threats and challenges likely to act as a barrier in the growth of the Submarine Cable Systems market?
What are the major opportunities the market leaders can rely on to gain success and profitability?

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The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Submarine Cable Systems Market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Submarine Cable Systems market segments and regions.

Segments-

Global Submarine Cable Systems Market – By Service

Installation
Maintenance & Upgrade
Global Submarine Cable Systems Market - By Application
Communication
Energy & Power
Our reports will help clients solve the following issues: –

Insecurity about the future:

Our research and insights help our clients anticipate upcoming revenue compartments and growth ranges. This will help our clients invest or divest their assets.

Understanding market opinions:

It is extremely vital to have an impartial understanding of market opinions for a strategy. Our insights provide a keen view on the market sentiment. We keep this reconnaissance by engaging with Key Opinion Leaders of a value chain of each industry we track.

Understanding the most reliable investment centers:

Our research ranks investment centers of market by considering their future demands, returns, and profit margins. Our clients can focus on most prominent investment centers by procuring our market research.

Evaluating potential business partners:

Our research and insights help our clients identify compatible business partners.

Submarine Cable Systems Market Segmented by Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:

Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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