Tools commonly used in the Furniture-Renting & Leasing industry for day-to-day tasks and operations.

• Furniture Dollies
• Hand Trucks
• Furniture Pads
• Moving Blankets
• Straps and Tie-Downs
• Furniture Covers
• Packing Tape
• Bubble Wrap
• Scissors
• Box Cutters

Common products and services typical of NAICS Code 532289-21, illustrating the main business activities and contributions to the market.

• Home Staging Services
• Corporate Event Furniture Rentals
• Film and TV Production Furniture Rentals
• Temporary Office Furniture Rentals
• Furniture Rentals for Trade Shows
• Furniture Rentals for Weddings
• Furniture Rentals for Conferences
• Furniture Rentals for Photo Shoots
• Furniture Rentals for Model Homes
• Furniture Rentals for Short-Term Housing

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• Certified Event Rental Professional (CERP): This certification is offered by the American Rental Association (ARA) and is designed for individuals who work in the event rental industry. It covers topics such as event planning, customer service, and safety. The certification is valid for three years and requires continuing education to maintain.
• Certified Rental Technician (CRT): Also offered by the ARA, this certification is for individuals who work in the equipment rental industry. It covers topics such as equipment maintenance, safety, and customer service. The certification is valid for five years and requires continuing education to maintain.
• Commercial Driver's License (CDL): This license is required for individuals who operate commercial vehicles, such as delivery trucks or moving vans. It is issued by the state and requires passing a written and driving test.
• Occupational Safety and Health Administration (OSHA) 10-Hour General Industry Training: This training covers general safety and health hazards in the workplace, including those related to equipment operation and handling. It is recommended for all employees in the rental industry.
• Federal Motor Carrier Safety Administration (FMCSA) Safety Regulations: These regulations apply to commercial motor vehicles and cover topics such as driver qualifications, hours of service, and vehicle maintenance. They are enforced by the FMCSA and failure to comply can result in fines or other penalties.

A concise historical narrative of NAICS Code 532289-21 covering global milestones and recent developments within the United States.

• The furniture rental industry has been around for centuries, with evidence of furniture rental services dating back to ancient Rome. However, the modern furniture rental industry began to take shape in the mid-20th century, with the rise of consumerism and the need for temporary furniture solutions. In the United States, furniture rental services became popular in the 1960s and 1970s, with companies like CORT Furniture Rental and Rent-A-Center leading the way. In recent years, the furniture rental industry has seen a surge in popularity due to the rise of the sharing economy and the increasing number of people who value flexibility and mobility over ownership. Companies like Feather and Fernish have emerged to cater to this growing demand, offering furniture rental services that are more affordable, flexible, and sustainable than traditional furniture rental services. Recent history in the United States has seen the furniture rental industry continue to grow and evolve. In 2019, the global furniture rental market was valued at $1.3 billion, with the United States accounting for a significant portion of that market. The COVID-19 pandemic has had a significant impact on the furniture rental industry, with many people opting to rent furniture instead of buying it due to economic uncertainty and the need for flexibility. As a result, the furniture rental industry is expected to continue to grow in the coming years, with more companies entering the market and offering innovative solutions to meet the changing needs of consumers.

The anticipated future trajectory of the NAICS 532289-21 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Growing

  The furniture-renting and leasing industry in the USA is expected to grow in the coming years due to the increasing demand for rental furniture from millennials and Gen Z. The trend of renting furniture instead of buying it is gaining popularity among these generations as they prefer flexibility and convenience over ownership. Additionally, the rise of the sharing economy and the increasing number of people living in urban areas with limited space are also contributing to the growth of the industry. However, the industry may face challenges due to the COVID-19 pandemic, which has caused a decline in demand for rental furniture as people are spending more time at home and are less likely to move. Nevertheless, the industry is expected to recover as the pandemic subsides and the economy improves.

Recent groundbreaking advancements and milestones in the Furniture-Renting & Leasing industry, reflecting notable innovations that have reshaped its landscape.

• Online Furniture Rental Platforms: Several online platforms have emerged in recent years that allow customers to rent furniture online and have it delivered to their doorstep. This has made it easier for customers to rent furniture without having to visit a physical store.
• Sustainable Furniture: Many furniture rental companies are now offering sustainable furniture options to cater to the growing demand for eco-friendly products. This includes furniture made from recycled materials and furniture that can be easily disassembled and reused.
• Customizable Furniture: Some furniture rental companies are now offering customizable furniture options that allow customers to choose the color, fabric, and style of their furniture. This provides customers with more flexibility and allows them to create a personalized living space.
• Augmented Reality: Some furniture rental companies are now using augmented reality technology to allow customers to visualize how furniture will look in their home before renting it. This helps customers make more informed decisions and reduces the likelihood of returns.
• Subscription-Based Models: Some furniture rental companies are now offering subscription-based models that allow customers to rent furniture for a fixed period of time and then exchange it for new furniture. This provides customers with more flexibility and allows them to change their furniture as their needs change.