Jan 29, 2024

The Top 5 Most Profitable Rental Businesses in 2024

Fillip Gladkov

Fillip Gladkov

The Top 5 Most Profitable Rental Businesses in 2024

The world of rental businesses presents an exciting opportunity for entrepreneurs, and in the thriving landscape of 2024, the industry stands as one of the most lucrative sectors. In fact, the revenue of equipment rental businesses was $93.1 billion in 2023. The ever-growing trend of renting, whether it's for practical needs or special occasions, has paved the way for a new industry: recommerce. As a startup that works on implementing more sustainable consumption options, we know a thing or two about rental businesses. So, without further ado, let’s jump into a list of the top rental businesses that can require varying degrees of effort, from side-gig to full-time.

From the start, launching your rental business requires nothing more than a compelling idea and the dedication to stick with it. With a streamlined business plan, it’s a venture that won’t require much equipment, making it an avenue for generating supplementary income.

Regardless of your background, starting your rental business is the first step. With that, here are the top five most profitable rental businesses that you should consider starting in 2024

Sports Equipment

As you jump into the world of sport equipment rentals, you will come to realize that it is a dynamic market that can be fueled by your own fitness passions, while catering to “gym-rats” and “weekend warriors” alike. From tennis rackets, to bicycles, and camping gear, this diverse market of equipment presents an opportunity to tap into the growing health and wellness trend. Whether you focus on one sports sector or a well-curated selection of high-quality equipment, and by forming strategic partnerships with local sports clubs or event organizers, you can elevate your rental business to meet the demands of this demographic. Just recently, we launched our rental solution with Carbosports, allowing them to capture the European market with tennis racket rentals.

Musical Instruments 

Creating music is a timeless experience, and renting musical instruments provides an accessible platform for aspiring musicians and curious learners. Whether it's guitars, keyboards, or drums, offering a variety of instruments for short-term use allows individuals to explore their musical passions without the commitment of purchasing an instrument they will use one or two times. To help, collaborating with local music schools or organizing workshops can not only attract customers but also foster a vibrant musical community around your rental business. Need inspiration? Check out how we helped Musicopolix start renting various instruments to all levels of musicians.

Construction Equipment

Construction is an enduring element of our world, and tapping into this competitive market is difficult, but could also be a profitable avenue if you have a unique offering for your products. Some must-haves for contractors and builders include jackhammers, scaffolding, generators, air compressors, and pretty much anything for a construction site. As you can see by the infographic below, the North American construction equipment rental market is expected to hit at least $60B by 2030. 

Furniture

Last month, we were curious if people would rent or buy furniture (if they were living in a city for just one year). No surprise…80% of people would prefer to rent. Just as people will always need construction equipment to build homes, they will also need furniture to fill those houses with unique pieces. However, as people increasingly value mobility and cost-effective options, the demand for flexible furniture solutions is on the rise. Entrepreneurs can capitalize on the demand for temporary furniture solutions for events, home staging, or short-term living arrangements. Before moving on, we have a great resource for you, here are the most effective ways to launch your furniture rental business

Party Rentals

Despite Covid-19 having an impact on in-person events worldwide, The US party rental industry was “projected to be worth 6 billion dollars in 2023” (Gitnux). Event planning is a thriving industry, and party rentals play a crucial role in bringing celebrations to life. From tents and tables to themed decorations and entertainment systems, a party rental business serves a wide range of customers, including those that host private celebrations, corporate events, and weddings. Passionate about furniture and design? Start now and begin to build partnerships with event planners and maintaining an up-to-date inventory of trendy and functional party supplies, making you the go-to resource for creating unforgettable events.

How Can Sharpei Help?

Regardless of the niche you choose to focus on, starting a profitable rental business is easier than ever. If none of these products spoke to you, you might want to check out a more broad overview of the equipment rental industry here. On top of the profits, we want to emphasize the sustainability and eco-consciousness of recommerce, and the benefits of renting vs. owning. Interested in starting your rental business? We’re here to help. Drop us a message.













The Top 5 Most Profitable Rental Businesses in 2024

The world of rental businesses presents an exciting opportunity for entrepreneurs, and in the thriving landscape of 2024, the industry stands as one of the most lucrative sectors. In fact, the revenue of equipment rental businesses was $93.1 billion in 2023. The ever-growing trend of renting, whether it's for practical needs or special occasions, has paved the way for a new industry: recommerce. As a startup that works on implementing more sustainable consumption options, we know a thing or two about rental businesses. So, without further ado, let’s jump into a list of the top rental businesses that can require varying degrees of effort, from side-gig to full-time.

From the start, launching your rental business requires nothing more than a compelling idea and the dedication to stick with it. With a streamlined business plan, it’s a venture that won’t require much equipment, making it an avenue for generating supplementary income.

Regardless of your background, starting your rental business is the first step. With that, here are the top five most profitable rental businesses that you should consider starting in 2024

Sports Equipment

As you jump into the world of sport equipment rentals, you will come to realize that it is a dynamic market that can be fueled by your own fitness passions, while catering to “gym-rats” and “weekend warriors” alike. From tennis rackets, to bicycles, and camping gear, this diverse market of equipment presents an opportunity to tap into the growing health and wellness trend. Whether you focus on one sports sector or a well-curated selection of high-quality equipment, and by forming strategic partnerships with local sports clubs or event organizers, you can elevate your rental business to meet the demands of this demographic. Just recently, we launched our rental solution with Carbosports, allowing them to capture the European market with tennis racket rentals.

Musical Instruments 

Creating music is a timeless experience, and renting musical instruments provides an accessible platform for aspiring musicians and curious learners. Whether it's guitars, keyboards, or drums, offering a variety of instruments for short-term use allows individuals to explore their musical passions without the commitment of purchasing an instrument they will use one or two times. To help, collaborating with local music schools or organizing workshops can not only attract customers but also foster a vibrant musical community around your rental business. Need inspiration? Check out how we helped Musicopolix start renting various instruments to all levels of musicians.

Construction Equipment

Construction is an enduring element of our world, and tapping into this competitive market is difficult, but could also be a profitable avenue if you have a unique offering for your products. Some must-haves for contractors and builders include jackhammers, scaffolding, generators, air compressors, and pretty much anything for a construction site. As you can see by the infographic below, the North American construction equipment rental market is expected to hit at least $60B by 2030. 

Furniture

Last month, we were curious if people would rent or buy furniture (if they were living in a city for just one year). No surprise…80% of people would prefer to rent. Just as people will always need construction equipment to build homes, they will also need furniture to fill those houses with unique pieces. However, as people increasingly value mobility and cost-effective options, the demand for flexible furniture solutions is on the rise. Entrepreneurs can capitalize on the demand for temporary furniture solutions for events, home staging, or short-term living arrangements. Before moving on, we have a great resource for you, here are the most effective ways to launch your furniture rental business

Party Rentals

Despite Covid-19 having an impact on in-person events worldwide, The US party rental industry was “projected to be worth 6 billion dollars in 2023” (Gitnux). Event planning is a thriving industry, and party rentals play a crucial role in bringing celebrations to life. From tents and tables to themed decorations and entertainment systems, a party rental business serves a wide range of customers, including those that host private celebrations, corporate events, and weddings. Passionate about furniture and design? Start now and begin to build partnerships with event planners and maintaining an up-to-date inventory of trendy and functional party supplies, making you the go-to resource for creating unforgettable events.

How Can Sharpei Help?

Regardless of the niche you choose to focus on, starting a profitable rental business is easier than ever. If none of these products spoke to you, you might want to check out a more broad overview of the equipment rental industry here. On top of the profits, we want to emphasize the sustainability and eco-consciousness of recommerce, and the benefits of renting vs. owning. Interested in starting your rental business? We’re here to help. Drop us a message.













The Top 5 Most Profitable Rental Businesses in 2024

The world of rental businesses presents an exciting opportunity for entrepreneurs, and in the thriving landscape of 2024, the industry stands as one of the most lucrative sectors. In fact, the revenue of equipment rental businesses was $93.1 billion in 2023. The ever-growing trend of renting, whether it's for practical needs or special occasions, has paved the way for a new industry: recommerce. As a startup that works on implementing more sustainable consumption options, we know a thing or two about rental businesses. So, without further ado, let’s jump into a list of the top rental businesses that can require varying degrees of effort, from side-gig to full-time.

From the start, launching your rental business requires nothing more than a compelling idea and the dedication to stick with it. With a streamlined business plan, it’s a venture that won’t require much equipment, making it an avenue for generating supplementary income.

Regardless of your background, starting your rental business is the first step. With that, here are the top five most profitable rental businesses that you should consider starting in 2024

Sports Equipment

As you jump into the world of sport equipment rentals, you will come to realize that it is a dynamic market that can be fueled by your own fitness passions, while catering to “gym-rats” and “weekend warriors” alike. From tennis rackets, to bicycles, and camping gear, this diverse market of equipment presents an opportunity to tap into the growing health and wellness trend. Whether you focus on one sports sector or a well-curated selection of high-quality equipment, and by forming strategic partnerships with local sports clubs or event organizers, you can elevate your rental business to meet the demands of this demographic. Just recently, we launched our rental solution with Carbosports, allowing them to capture the European market with tennis racket rentals.

Musical Instruments 

Creating music is a timeless experience, and renting musical instruments provides an accessible platform for aspiring musicians and curious learners. Whether it's guitars, keyboards, or drums, offering a variety of instruments for short-term use allows individuals to explore their musical passions without the commitment of purchasing an instrument they will use one or two times. To help, collaborating with local music schools or organizing workshops can not only attract customers but also foster a vibrant musical community around your rental business. Need inspiration? Check out how we helped Musicopolix start renting various instruments to all levels of musicians.

Construction Equipment

Construction is an enduring element of our world, and tapping into this competitive market is difficult, but could also be a profitable avenue if you have a unique offering for your products. Some must-haves for contractors and builders include jackhammers, scaffolding, generators, air compressors, and pretty much anything for a construction site. As you can see by the infographic below, the North American construction equipment rental market is expected to hit at least $60B by 2030. 

Furniture

Last month, we were curious if people would rent or buy furniture (if they were living in a city for just one year). No surprise…80% of people would prefer to rent. Just as people will always need construction equipment to build homes, they will also need furniture to fill those houses with unique pieces. However, as people increasingly value mobility and cost-effective options, the demand for flexible furniture solutions is on the rise. Entrepreneurs can capitalize on the demand for temporary furniture solutions for events, home staging, or short-term living arrangements. Before moving on, we have a great resource for you, here are the most effective ways to launch your furniture rental business

Party Rentals

Despite Covid-19 having an impact on in-person events worldwide, The US party rental industry was “projected to be worth 6 billion dollars in 2023” (Gitnux). Event planning is a thriving industry, and party rentals play a crucial role in bringing celebrations to life. From tents and tables to themed decorations and entertainment systems, a party rental business serves a wide range of customers, including those that host private celebrations, corporate events, and weddings. Passionate about furniture and design? Start now and begin to build partnerships with event planners and maintaining an up-to-date inventory of trendy and functional party supplies, making you the go-to resource for creating unforgettable events.

How Can Sharpei Help?

Regardless of the niche you choose to focus on, starting a profitable rental business is easier than ever. If none of these products spoke to you, you might want to check out a more broad overview of the equipment rental industry here. On top of the profits, we want to emphasize the sustainability and eco-consciousness of recommerce, and the benefits of renting vs. owning. Interested in starting your rental business? We’re here to help. Drop us a message.













The Top 5 Most Profitable Rental Businesses in 2024

The world of rental businesses presents an exciting opportunity for entrepreneurs, and in the thriving landscape of 2024, the industry stands as one of the most lucrative sectors. In fact, the revenue of equipment rental businesses was $93.1 billion in 2023. The ever-growing trend of renting, whether it's for practical needs or special occasions, has paved the way for a new industry: recommerce. As a startup that works on implementing more sustainable consumption options, we know a thing or two about rental businesses. So, without further ado, let’s jump into a list of the top rental businesses that can require varying degrees of effort, from side-gig to full-time.

From the start, launching your rental business requires nothing more than a compelling idea and the dedication to stick with it. With a streamlined business plan, it’s a venture that won’t require much equipment, making it an avenue for generating supplementary income.

Regardless of your background, starting your rental business is the first step. With that, here are the top five most profitable rental businesses that you should consider starting in 2024

Sports Equipment

As you jump into the world of sport equipment rentals, you will come to realize that it is a dynamic market that can be fueled by your own fitness passions, while catering to “gym-rats” and “weekend warriors” alike. From tennis rackets, to bicycles, and camping gear, this diverse market of equipment presents an opportunity to tap into the growing health and wellness trend. Whether you focus on one sports sector or a well-curated selection of high-quality equipment, and by forming strategic partnerships with local sports clubs or event organizers, you can elevate your rental business to meet the demands of this demographic. Just recently, we launched our rental solution with Carbosports, allowing them to capture the European market with tennis racket rentals.

Musical Instruments 

Creating music is a timeless experience, and renting musical instruments provides an accessible platform for aspiring musicians and curious learners. Whether it's guitars, keyboards, or drums, offering a variety of instruments for short-term use allows individuals to explore their musical passions without the commitment of purchasing an instrument they will use one or two times. To help, collaborating with local music schools or organizing workshops can not only attract customers but also foster a vibrant musical community around your rental business. Need inspiration? Check out how we helped Musicopolix start renting various instruments to all levels of musicians.

Construction Equipment

Construction is an enduring element of our world, and tapping into this competitive market is difficult, but could also be a profitable avenue if you have a unique offering for your products. Some must-haves for contractors and builders include jackhammers, scaffolding, generators, air compressors, and pretty much anything for a construction site. As you can see by the infographic below, the North American construction equipment rental market is expected to hit at least $60B by 2030. 

Furniture

Last month, we were curious if people would rent or buy furniture (if they were living in a city for just one year). No surprise…80% of people would prefer to rent. Just as people will always need construction equipment to build homes, they will also need furniture to fill those houses with unique pieces. However, as people increasingly value mobility and cost-effective options, the demand for flexible furniture solutions is on the rise. Entrepreneurs can capitalize on the demand for temporary furniture solutions for events, home staging, or short-term living arrangements. Before moving on, we have a great resource for you, here are the most effective ways to launch your furniture rental business

Party Rentals

Despite Covid-19 having an impact on in-person events worldwide, The US party rental industry was “projected to be worth 6 billion dollars in 2023” (Gitnux). Event planning is a thriving industry, and party rentals play a crucial role in bringing celebrations to life. From tents and tables to themed decorations and entertainment systems, a party rental business serves a wide range of customers, including those that host private celebrations, corporate events, and weddings. Passionate about furniture and design? Start now and begin to build partnerships with event planners and maintaining an up-to-date inventory of trendy and functional party supplies, making you the go-to resource for creating unforgettable events.

How Can Sharpei Help?

Regardless of the niche you choose to focus on, starting a profitable rental business is easier than ever. If none of these products spoke to you, you might want to check out a more broad overview of the equipment rental industry here. On top of the profits, we want to emphasize the sustainability and eco-consciousness of recommerce, and the benefits of renting vs. owning. Interested in starting your rental business? We’re here to help. Drop us a message.













The future of Retail is Here, Join Now!

Launch new revenue streams with the perfect ally by your side. Partner with us for unparalleled support, expertise, and tools to launch and thrive in the pay-per-use industry.

In our vision of the future, everything is available on a pay-as-you-go basis, and products are regularly rotated to promote a sustainable world. 💚

Copyright © 2023 Sharpei. All Rights Reserved

In our vision of the future, everything is available on a pay-as-you-go basis, and products are regularly rotated to promote a sustainable world. 💚

Copyright © 2023 Sharpei.All Rights Reserved

In our vision of the future, everything is available on a pay-as-you-go basis, and products are regularly rotated to promote a sustainable world. 💚

Copyright © 2023 Sharpei. All Rights Reserved

In our vision of the future, everything is available on a pay-as-you-go basis, and products are regularly rotated to promote a sustainable world. 💚

Copyright © 2023 Sharpei.

In our vision of the future, everything is available on a pay-as-you-go basis, and products are regularly rotated to promote a sustainable world. 💚

Copyright © 2023 Sharpei.All Rights Reserved