Market Snapshot:
Rent to Own is committing an agreement for renting any tangible property for specific period of time. It also gives an option of buying same property before lease run out. It is beneficial for remotely working professionals. Hence it is known as best option for renting home and later having purchase from the owner. Increasing preference for rental purchasing of consumer goods impacting on the market in positive manner. Geographically, North America region is expected to grow with the highest market share over the forecast period followed by Europe and Asia Pacific. Presence of leading market players creating hub for Rent-to-Owns providers which further impacting on market profitability in better manner.
Highlights from Rent-to-Own Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The key Players profiled in the report are Brookfield Asset Management (United States), Link Real Estate (China), American Tower Corporation (United States), Equinix (United States), Prologis (United States), Simon Property Group (United States), Digital Realty Trust (United States), Welltower (United States), AvalonBay Communities (United States), Vornado Realty Trust (United States), Kmart Group (Australia), CORT (United States), Feather (United States), Aaron's (United States) and Oliver Space (United States).
Geographic Breakdown and Segment Analysis
The Global Rent-to-Own market presents a comprehensive analysis of the Rent-to-Own market by product type (Lease-Option and Lease Purchase), by end-user/application (Commercial Use and Residential), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Rent-to-Own industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Rent-to-Own market
Analyst at AMA have segmented the market study of Global Rent-to-Own market by Type, Application and Region.
Influencing Trend:
Huge Demand for Rent to own concept in Real Estate Properties
Market Growth Drivers:
Increasing Preference towards Buying on Lease Options and Growing Remote Working Conditions impacting on the market demand in Positive Manner
Challenges:
Significant Risk Associated for Buyers and Fluctuations in Market Value of Property owing to continuous Loss or Gain
Restraints:
High Concern regarding Paying Additional Amount during Down Payment
Opportunities:
Rising Infrastructure of Real Estate Sector, Beneficial Price Appreciation has created lucrative Opportunities for the Market and Growing Digitisation in Rent to Own Platforms for Consumer Electronics and Furniture
Market players are focusing on providing Rent-to-Own with smart cost structure to fascinate more end users. They are also focusing on the introduction of numerous advanced & attractive features with better offering to reach a newer consumer base. The market is fragmented owing to the presence of several international and local providers. The high focus on the offering cost effective properties. Besides, the industry profitability has led the entry of new players, in turn, increasing the level of rivalry in the already competitive market.
Key Target Audience
Rent-to-Own Providers, New Entrants/Investors, Strategic Business Planners, Governments, Public/ Private Property Owners, Real Estate Industry, Automobile, Consumer Electronics and Furniture Industry