What is the size of Rental Market in India | Key Players & Strategic Developments 2025

What is the growth rate of the India Rental Market?

The market growth is driven by rising demand for flexible asset usage, increasing adoption of rental solutions across construction, residential, and commercial sectors, the expanding need for cost-efficient equipment access, technological improvements in rental platforms, and the rising preference for short-term and subscription-based leasing models.

Key Growth Drivers of the India Rental Market

• Expansion of residential and commercial renting activities
• Advancements in IoT-enabled asset tracking and rental management tools
• The demand is rising for cost-effective equipment and property rental services
• Adoption of digital rental platforms and online marketplaces is increasing
• The growth of infrastructure is driving up the demand for equipment rentals.

India Rental Market Trends

India Rental Market is witnessing strong growth with notable trends such as rising uptake of online rental platforms offering equipment, furniture, vehicles, and real estate. Digital verification, app-based booking, and automated rental workflows are seeing increased adoption. The market is also observing rising popularity of co-living and shared workspaces, which boosts rental *****. The demand for flexible renting of construction machinery, consumer electronics, and household appliances is increasing. Furthermore, tech-driven rental analytics and contactless transactions are enhancing user convenience across the sector.

Emerging Developments in the India Rental Market

India Rental Market is evolving with technological innovations in online rental ecosystems, AI-based demand forecasting, and improved asset utilization models. Companies are coming out with new rental management software that lets you track your inventory in real time. Rental models for appliances, cars, and furniture that require a subscription are growing quickly. More rental service providers are working with fintech platforms. The market is also growing due to digital KYC, better logistics, and more rental networks in tier II and tier III cities. Additionally, the rising consumer preference for cost-effective, flexible ownership alternatives is further boosting the expansion of the rental economy.

List of Leading Companies in the India Rental Market

Some of the leading companies include:

• Rentomojo
• Furlenco
• QuikrHomes
• GrabOnRent
• OLX India
• CityFurnish
• Zoomcar

Frequently Asked Questions About the Market Study (FAQs):