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Know the evolution of furniture rental now and in the future

evolution of furniture rental now and in the future

For the past three years, the new business of furniture rental Banglore and other metros has been on the rise. Though it is significant because of the constant surge in the customers’ interest to rent furniture, it is also because of the successful startups, mainly in the IT sector. Bangalore being the silicon valley of India, many small and medium companies do not want to invest heavily in furniture and opt for renting them at lower costs. If renting furniture has become over a 5 billion dollars market value in the US, it is also booming in India. As of 2021, the online furniture rental market size crossed 2,600 crores in only the top 15 cities. 

In this article, let us discuss the reasons for the increase of bed on rent and other furniture rentals and their future.

Evolution of rental furniture

A few decades ago, rental furniture was mainly limited to events, functions, conferences, meetings, etc. But in the last few years, it has been overgrowing like rent the car, and other concepts. Unlike the past generations, gen Z, born between 1997 and 2012, is not interested in investing massive amounts in buying furniture. Because they continuously get better opportunities and keep moving from one city to another. Hence paying for transporting the old furniture and the efforts are not worth them. Also, they want to have the latest trendy furniture to make their homes and offices look stylish and luxurious. It is why the US rental market value is to increase from 5 to 10 billion US dollars from 2021 to 2031. It reflects in most Indian top-tier cities like Bangalore to opt for furniture rental rather than buying expensive furniture and struck to it.

Also, Check The Truth About Bamboo Sheets: Is It Safer Than Cotton Sheets

Why opt for a bed on rent?

One-third of our daily time is spent sleeping for eight hours on the bed. Hence, beds are essential needs and have to be comfortable to sleep like a baby. After a long day of hard work, it is the soft bed that makes you ready for the next day’s challenges. But today’s beds with all facilities are expensive and continuously change in their facilities over time. Hence, gen Z and people of all generations want to have the best and latest bed to have a good night’s sleep. Bed on rent from reputed renting companies are hygienic as they do all the maintenance work before each delivery to keep them fit and sanitized. Hence you need not worry about the cleanliness of the beds and only enjoy the comfort of the best beds by spending only a fraction of their buying costs. And in the case of shifting out of Bangalore, it is easy to return the beds and get the fresh ones in the new city.

Rental furniture future

Like in the US, the supply chain of the furniture ecosystem is to evolve more in India as it is becoming one of the fastest developing economy. It would rapidly spread to the tier two cities from the tier-one cities like Banglore as more and investors are ready to pump in massive money in the furniture rental business in India.

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