Top 10 Rental Business Ideas

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Top 10 Rental Business Ideas of 2021

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Bike Rental

• The bike rental business is one of the most
  trending and profitable services because a lot of
  travelers are in need of bikes for their travel
  purposes.
• As per statistics, the global bike rental market
  is expected to reach USD 4.00 billion by 2025.
  The reason behind the success of the rental
  industry is increasing demand, easy access,
  affordable rates, and so on.

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2. Car Rental

• As per research, the car rental market size is
  valued at 92.92 billion in 2019 and expected to
  reach 214.04 billion by 2027. It allows the
  existing car owners to list their vehicles for
  the renters for a short duration of time.
• The car rental business growth is due to the
  benefits offered for the users like lower service
  costs, enables faster transactions and so on.

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3. Cloth Rental

• The cloth rental business makes it easy for the
  guest to rent the cloth who is in need for a
  certain period of time at affordable rates. The
  cloth rental industry is valued at 1, 013
  million by 2017, and estimated to reach 1, 856
  million by 2023.

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4. Interior Decoration Rental

• As per stats, the revenue generated in interior
  decoration rentals reaches 723 million in 2019
  and is expected to reach greater heights. Easy
  affordability and accessibility are the main
  reason for the growth of interior decoration
  rentals.

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5. Vacation Rental

• Vacation rentals allow the host to list their
  property and guests to make use of the property
  for their needs for a certain period of time. It
  offers many benefits to the users including
  authentic experience, good user experience,
  reliability, and affordable pricing. This
  attracts most of the users to make use of the
  vacation rentals.

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6. Boat Rental

• The global yacht market was valued at 15,205.14
  million in 2017 and expected to reach a rate of
  27,793 million by 2027. The reason for the
  growth of boat rental business is that everyone
  cant afford a boat, so people mostly rent a boat
  for a certain period of time to satisfy their
  needs.

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7. Coworking Space Rental

• Finding an ideal location for guests has become
  more challenging in recent days. This resulted in
  the rise of coworking space rentals.
• Coworking space rentals are the most important
  aspect for any business providing private
  workspace for freelancers, startups with limited
  employees, and research fellows, and so on.

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8. Car Parking Lot Rental

• Car parking rentals is one of the popular rentals
  growing at a surprising rate. It is nothing but
  renting the extra spaces like a garage, closet,
  and basement space to those who need to use the
  spaces for parking their vehicles

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9. Storage Room Rental

• The storage room rental business helps many
  people to store their belongings without hassle.
  According to the stats, the revenue reaches upto
  32.6 billion in 2020 and is expected to reach a
  high value in the future. The growth is mainly
  due to its flexibility and convenient storage
  facility.

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10. Furniture Rental

• Furniture rentals are nothing but renting out
  furniture for users who are in need. It allows
  the users to search and book their favourite
  furniture for their short term use.
• As per statistics, the revenue reached 670.7 m
  in 2020 and expected to reach US 38, 195m 2026.

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