1、IndustryReport-Online RentalMarketplaceGrowth,Statistics,Principles,Opportunities,Challenges,Business Model,RevenueModel,and Trending RentalIdeas CODE BREW LABSBY Tablet Of ContentIntroductionPrinciplesGrowth StatisticsMarketplace StatisticsVacation Rental Marketplace StatisticsCloth Rental Marketpl

2、ace StatisticsFactIndustry Opportunities Comprehensive Tech SuiteFeaturesWrap-UpIntroduction-Online RentalMarketplaceAn online marketplace like eBay launched in 1995,brought a dramaticchange in the retail market.Over 30%of people switched to online shoppingin a short period of time.Followed by frequ

3、ent distribution&exchange ofproducts/services.Eventually,the online retail market saw progressivegrowth and focused on the overall online shopping experience using thelatest technology stack.At one point,the online retail marketplace saw an unexpected fall due to theexcessive product&service demands

4、 with limited resources.This situationdemanded an immediate alternative.Thus,emerged the online rentalmarketplaces.A rental deal between two parties is successful when both parties aretrustworthy enough to proceed.This can be done by doing documentationformalities involving both parties(end-customer

5、 and rental property owner).The property owner should clear the property or rental product policies inadvance to ensure no loophole at the end.In terms of value,unused value=wasted value.For instance,if a car/bike isused once a week,then 14.28%is being used whereas 85.72%is consideredwaste.This is a

6、 common formula to evaluate the closest value from rentalproducts.Ruling The Rental Marketplace IndustryPRINCIPLES OFRuling The Rental Marketplace IndustryPRINCIPLES OFThe temporary ownership of rental property or product let the end-userrelish the rental services having complete ownership but for a

7、 specifiedduration.Plus,there can be a unique set of usage policies for rentalproperties,vehicles,belongings,etc.OwnershipA rental deal between two parties is successful when both parties aretrustworthy enough to proceed.This can be done by doing documentationformalities involving both parties(end-c

8、ustomer and rental property owner).Here,the property owner should clear the policies in advance.TransparencyRentalMarketplace GROWTH STATISTICS OFThe rental marketplace was valuedat$19 billion in 2017 and isexpected to grow to$59.4 billionby the end of 2022.The growth rate is unexpectedlyhigh in the

9、 United States regiondue to higher demand&improvedrental marketplace service areas.The total revenue generation of theglobal equipment rentalmarketplace is 93.1 billion USD.Stat 1Stat 2Stat 3Global CarRentalMarketplaceStatThe global car rental market size was valued at$92.92 billion in 2019 and is p

10、rojected to reach$214.04 billion by 2027,registering a CAGR of10.7%from 2020 to 2027.Car Rental App DownloadsSource:Allied Market ResearchSource:Allied Market ResearchVacation Rental Marketplace INDUSTRY ANALYSIS&STATS ONThe global vacation rental marketsize was valued at USD 74.64 billionin 2021 an

11、d is expected to expand ata compound annual growth rate(CAGR)of 5.3%from 2022 to 2030.Source:Allied Market ResearchThe clothing rentalindustry leads the overallrental marketplacedomain with majorregional scope in areaslike-Europe,NorthAmerica,MEA,AsiaPacific,and CSA.Global ClothingRental Marketplace

12、StatsSource:Allied Market ResearchDID YOUKNOW?The Global Rental Marketplace Has Generated A WhoppingProfit Of$24 Billion(Approximately)Since 2010.The ProfitGraph Consists Of Multiple Industries Including Cars,Bicycles,Properties,Clothing,Accessories,Equipment,Machinery,etc.Opportunities In MultipleR

13、ental Business ModelsThe online rental marketplace leaders like Airbnb,Uber,RentOMeter,etc.follow different businessmodels.The amazing part is all business models are effective,progressive,and profitable in theirrespective business streams.Here,the product or vehicle owner sets the rental protocolor

14、 rental policies for the end-customers.The rentalmarketplace owner lets the product/property owner to list&market the rental properties effectively.Airbnb practicesthis business model type mentioning all rental policies inadvance.DecentralizedBusiness ModelOpportunities In MultipleRental Business Mo

15、delsThe product owner is limited to providing services&earning commissions.Whereas,the product rentalpricing policies are defined by the rental marketplace.Here,the upfront cost seem to be lower than usualrental cost of the product.As of now,rentalbusinesses like Uber&Lyft practices hybrid businessm

16、odel.HybridBusiness ModelThe rental marketplace has its own string of rentalproducts/properties listed along with the rentalpolicies,charges,availability,etc.This work model isfar more successful than decentralized one becauseof better transparency and less operationalcomplexity.Centralized Business

17、 ModelWhat Does Industry Leaders Have To Say About The Online Rental MarketplaceBrian CheskyCEO,AirbnbWith the advent of technology,the ideology of peopletowards short-term renting has changedtremendously.Airbnb Homes has been a success,now from almost 3 years we have been venturing outto Airbnb“Exp

18、erience”.Something I also cannotbelieve is,Airbnb Experience is growing at a fasterrate as compared to Airbnb Homes.How Is Technology Transforming The Online Rental MarketplaceComplete Tech Suite To Build Your Rental MarketplaceA highly advanced technology solution to take your rental business onlin

19、e with apps like Airbnb,LendingClub,HomeAway,Turo,Olx,etc.Customer Web&AppAdmin Panel Delivery AppA Dynamic Feature List Of Online Rental Marketplace Advanced Search&FiltersSchedule Your BookingsEasy Billing&ChargesRoute OptimizationInstant Push NotificationPromotions and ReferralsLet your customers

20、 search from awide range of products&spacesavailable.Let your customers rent or book arental product session with theproduct owner directly.The online rental marketplaceplatform offers an easy billing processwith 100%transparency.Send visual&sound bookingnotification to your drivers instantlyAssign

21、shortest&fastest routes toyour drivers for on-time deliveriesRefer a friend&let your endcustomers earn referral points to beredeemed in the next rental deal.Order Fulfillment StatusDaily Earning ReportItem VariantsMonitor PerformanceCatalog ManagementAnalyze Sales ReportsLet your drivers get digital

22、 signatureto records delightful fulfillment of theorderAllow delivery agent to check&generate earning reports of particulartimeframeSellers can choose to add variationsto each listing,choose differentimages on every variation.Easy catalogue&inventorymanagement with opening/closingslots as per availa

23、bilityMonitor number of bookings made,cancelled,ratings&reviews tomonitor performanceView data driven insights&analyzereports to identify opportunities togrow your businessSome Add-Ons For An Online Rental MarketplaceIts Time To Empower Your Rental Marketplace With End-To-End CustomizationIn-App Cha

24、tReview&RatingsGlobalPaymentsPrivateMarketplaceSocial LoginReady ToBuild&Launch A 100%Customizable Online Rental Marketplace?Wondering What Would You Need?Business PlanTechnology PartnerMarketing StrategiesCollaborate With Our Certified App Developers To Kickstart TheRideshare App Development Process Today!www.code- 408-217-1185businesscode-