About House Rental Platforms
A rental marketplace is a platform where individuals or companies can rent different types of goods from one another. This platform is ideal for those people who are looking for a house that fits into their budget and offers them the convenience they are looking for Increased focus on sustainability is the main market rendering trend.
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With an increasing inclination towards moving inside the same country, the demand for the House rental platform grew. The players are focusing on increasing their manufacturing capacity and are offering competitive prices to gain a high market share and establish their position in the market This platform is ideal for those people who are looking for a house that fits into their budget and offers them the convenience they are looking for Increased focus on sustainability is the main market rendering trend. The companies are coming up with partnerships or agreements along with planning strategic activities such as partnerships, product launches, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Zillow Rental Manager (United States), Avail (United States), Apartments.com (United States), Rentometer (United States), RentMyStay.com (India), Magicbricks.com (India), 99acres (India), No broker.in (India), Nestaway Technologies Pvt Ltd (India) and OYO (India) are some of the key players that are part of study coverage.
AMA Research has segmented the market of Global House Rental Platforms market by , Application (Long-term Lease and Short-term Lease) and Region.
On the basis of geography, the market of House Rental Platforms 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). If we see Market by Booking Mode:, the sub-segment i.e. Offline will boost the House Rental Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Deployment , the sub-segment i.e. Cloud will boost the House Rental Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Tourism will boost the House Rental Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Based on rental duration , the sub-segment i.e. Daily will boost the House Rental Platforms market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Increasing focus on sustainability
Market Growth Drivers:
Increasing inclination towards moving inside the same country
No return on rental Paid and Presence of Maintenance Issue and Restrictions
Rental agreement renewals are difficult
New Technology development in field of house rental platforms
Market Leaders and their expansionary development strategies
In April 2023, Home rental startup Nest Way acquired apartment, management solution Apna Complex Post this acquisition, Apna Complex retain its distinct brand and continue to operate independently. The platform also continued to focus on its core segment of apartment societies. The acquisition is expected to accelerate the growth of both companies by enabling offerings with much better value for their target customers.
In July 2020, Brokerage-free, real estate platform NoBroker.com Launched Property Management Services with Rental Guarantee for NRI property owners and owners who have properties in other cities. With this service, No Broker takes on the financial risk of ensuring that the property owners get rent on time, every month, even when the existing tenant vacates and the house becomes vacant for a month or two before the new tenant comes in. No Broker takes a fee of 8 percent of the monthly rent, to provide this service to property owners.
Key Target AudienceCostumer, Distributors, Government Agencies, Government Bodies, End User Industry and Others
About ApproachTo evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.