US Rent-to-Own Market Report 2022: Rising Urban Population Drives Demand and Fuels Growth - ResearchAndMarkets.com
In 2021, the US rent-to-own market was valued at US$10.48 billion, and is probable to reach US$15.53 billion by 2027.
- In 2021, the US rent-to-own market was valued at US$10.48 billion, and is probable to reach US$15.53 billion by 2027.
- The US rent-to-own market is projected to grow at a CAGR of 6.77%, during the forecast period of 2022-2027.
- The US rent-to-own Market Dynamics:
Growth Drivers: The rising urban population resulted in a positive influence on rent-to-own market. - Further, the market is expected to increase due to significant population of international migrants, surging GDP growth, rising disposable income, growing millennial population, rising virtual rent-to-own market, etc.