Online Home Rental Market size was valued at US$ 15.9 Bn. in 2021 and the total revenue is expected to grow at 13.8 % through 2021 to 2027, reaching nearly US$ 34.5 Bn.
Online Home Rental Market Overview:
The Online Home Rental market is expected to grow significantly with a CAGR 13.8 % during the forecast period. The online home rental market is segmented on the basis of type into flats, detached houses and semi-attached. On the basis of end-user, the online home rental market is segmented into resident and tourist. Furthermore, on the basis of price range, the market is segmented into economy, midrange and premium. On the basis of rental duration, the online home rental market is segmented into daily, weekly, monthly and yearly. Geographically the online home rental market is segmented into North America, Europe, Asia-Pacific, Middle-East and Africa and South America.
The Online Home Rental Market study gives a comprehensive view of the competition, including the market share and company profiles of the major global competitors. The scope of the research includes a full examination of the Online Home Rental Market , as well as the reasons for variations in the industry’s growth between regions.
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Market Scope:
Following the completion of market engineering, which included market statistics computations, market size estimations, market forecasts, market breakdown, and data triangulation, extensive primary research was done to gather information and verify and validate important numbers. To undertake market estimating and forecasting for the overall market segments and sub-segments described in this research, top-down and bottom-up tactics, as well as different data triangulation procedures, were often employed throughout the market engineering process. Extensive qualitative and quantitative analysis is performed on all data obtained during the market engineering process in order to provide essential information throughout the report.
Segmentation:
On the basis of type, flats are projected to dominate the online home rental market as the primary unit requirement from most of the consumers are flats in highly prices metropolitan cities where affording a house has become difficult. On the other hand, detached houses and semi attached houses are projected to witness stagnant growth.
On the basis of end-user, resident segment is projected to dominate the online home rental market as the primary objective of most of the consumers for renting homes profitably is for long durations or at least one year. However, the tourist segment is also projected to witness significant growth due to re-opening of tourist locations after multiple lockdowns. Additionally, increase in disposable incomes of residents of developing economies is also driving the tourist market across the globe upwards.
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Key Players:
Market leaders are identified by primary and secondary research, and market revenue is calculated using primary and secondary research. The core study included in-depth interviews with key thought leaders and industry experts such as experienced front-line personnel, CEOs, and marketing executives. In-depth interviews with important thought leaders and industry experts, such as experienced front-line personnel, CEOs, and marketing executives, were conducted as part of primary research, while secondary research included a review of the major manufacturers’ annual and financial reports. Secondary data is utilized to calculate percentage splits, market shares, growth rates, and global market breakdowns, which are then verified against primary data.
The biggest players in the Online Home Rental Market are as follows:
• 9flats.com Pte (Singapore)
• Airbnb Inc (US)
• Booking Holdings Inc (US)
• CoStar Group Inc (US)
• Expedia Group Inc (US)
• Lodgis SAS (France)
• Oravel Stays (India)
• Upad Ltd (UK)
• Wyndham Destinations (US)
• Zillow Group (US)
• Redfin (US)
• Trulia (US)
• Housewise (India)
• Nestway (India)
• Squareyards (India)
Regional Analysis:
Individual market influencing components and changes in market laws impacting current and future market trends are also covered in the Online Home Rental Market analysis regional overview. Current and future trends are studied in order to evaluate the overall market potential and find profitable patterns in order to get a firmer footing. The geographical market evaluation is based on the current environment and anticipated trends.
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COVID-19 Impact Analysis on Online Home Rental Market :
Due to a break in operations, end-user sectors where Online Home Rental Market are used suffered a drop in growth from January 2020 to May 2020 in a number of countries, including China, Italy, Germany, the United Kingdom, the United States, and Spain, France, and India. As a result, the revenues of enterprises in these industries fell significantly, as did the demand for Online Home Rental Market manufacturers, impacting the growth of the Online Home Rental Market in 2020. Lockdowns and a surge in COVID-19 events globally have severely reduced end-user business demand for Online Home Rental Market .
Key Questions Answered in the Online Home Rental Market Report are:
- In 2021, which segment owned the greatest share of the Online Home Rental Market ?
- What is the competitive landscape of the Online Home Rental Market ?
- What are the key factors influencing Online Home Rental Market growth?
- In the Online Home Rental Market , which region has the most market share?
- What will be the CAGR of the Online Home Rental Market over the forecast period (2022-2027)?
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