Megatrend of Rental Business

 

Megatrend of Rental Business

Sustainability: As sustainability becomes more important, renting products is becoming more popular than buying them. This has advantages both in environmental protection and in economic terms.

Sharing Economy: A prime example of a sharing economy is the rental business. A sharing economy means that consumers share and rent products with each other. This has the effect of reducing the financial burden and increasing the utilization rate of the product.

Digitalization: In the age of digitalization, renting products over the Internet has become commonplace. Rentals through the Internet are popular because they are convenient and easily accessible.

Convenience: Rental business provides convenience to consumers. Renting a product is more convenient than purchasing it, and you can easily get the product you need.
Minimalism: Recently, there has been a growing interest in reducing the number of products owned by consumers. Rental business is in line with this trend of minimalism, and it has the effect of reducing the economic burden by renting only the products that consumers need.

influencer Marketing: These days, influencer marketing is popular, and rental businesses are also using strategies to promote products with influencer, thereby increasing brand awareness.

New Market Pioneer: Rental businesses are likely to open new markets. For example, the car rental business can create demand not only for existing car owners, but also for those who have not been able to buy a car due to rental.

Economic Benefits: Rental businesses have economic benefits. Not only is renting a product cheaper than buying it, but it can also reduce maintenance and repair costs. In addition, the rental business is one of the effective ways to reduce costs for businesses.

Customer Satisfaction: The rental business is one of the ways to increase customer satisfaction. By renting a product, customers can get the product they need at any time and avoid regret due to unnecessary product purchases.

Various rental options: The rental business offers a wide range of products and options. For example, the car rental business offers a wide range of car models and time-to-time rental options to meet the diverse needs of customers. This is an advantage that enables the rental business to target a more diverse customer base.

Smart Rental: The rental business is introducing smart rental systems in combination with the latest technology. This allows you to monitor and manage the health of your products, and allows customers to easily book and pay rent through the smartphone app.

New Business Model: Rental business offers a new business model. For example, a service rental business can generate revenue by providing the services of a product while providing the rental together.

Scalability: Rental business is highly likely to expand. It is also possible to expand nationwide or internationally in rental businesses that are only provided locally. It has the advantage of providing products to more customers and increasing profits.

High Yield: Rentals Businesses Can Have High Yield. Because rental businesses cost less than purchasing products, returns can be high. In addition, rental businesses can generate revenue during the period when customers rent products, so they can have higher returns.

Popularization: Recently, various rental businesses have become popular. This is because consumers have increased their awareness and understanding of the rental business. This popularization is the basis for further growth of the rental business.