What is Rent-to-Own Market?
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.
The market study is being classified by Type (Lease-Option and Lease Purchase), by Application (Commercial Use and Residential) and major geographies with country level break-up.
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) are some of the key players profiled in the study.
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.
Analyst at AMA have segmented the market study of Global Rent-to-Own market by Type, Application and Region.
On the basis of geography, the market of Rent-to-Own has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Increasing Preference towards Buying on Lease Options
- Growing Remote Working Conditions impacting on the market demand in Positive Manner
- Huge Demand for Rent to own concept in Real Estate Properties
- High Concern regarding Paying Additional Amount during Down Payment
- Rising Infrastructure of Real Estate Sector
- Beneficial Price Appreciation has created lucrative Opportunities for the Market
- Growing Digitisation in Rent to Own Platforms for Consumer Electronics and Furniture
- Significant Risk Associated for Buyers
- Fluctuations in Market Value of Property owing to continuous Loss or Gain
Key Target AudienceRent-to-Own Providers, New Entrants/Investors, Strategic Business Planners, Governments, Public/ Private Property Owners, Real Estate Industry, Automobile, Consumer Electronics and Furniture Industry
Frequently Asked Questions (FAQ):
1. Which factors would majorly drive the Rent-to-Own Market?
"Increasing Preference towards Buying on Lease Options
" is seen as one of major growth factors of Rent-to-Own Market in years to come.
2. Can we have customized study for Rent-to-Own Market?
The Study can be customized subject to feasibility and data availability. Please connect with our sales representative for further information.
3. Which region will lead the Global Rent-to-Own Market?
will lead Rent-to-Own Market in coming years.