The Global Furniture Rental Industry

The global furniture rental industry was valued at $67.83 billion in 2021, and is projected to reach $139 billion by 2029. There are approximately 9,200 rent-to-own stores in the USA, Canada and Mexico combined, serving over 4.8 million customers (households) throughout the year. This industry is growing globally, with rent-to-own ecommerce and physical stores popping up around the world. The Asia Pacific region particularly dominates this growth with the increasing popularity of furniture rental in countries like India, China and Malaysia.

The main target rental customers in the US are the less creditworthy; those with near or below-average FICO socre. This represents about 40% of the US population without a considerable financial source to purchase high-cost items.

In the United States, Canada and Mexico a rent-to-own agreement is only valid for the payment at hand, the customer can change the terms and payments at any time for any reason. The customer is also never obligated to make the next payment, and can return the product at any time for any reason. Many rent-to-own companies offer competitive cash prices, lower payment terms and early pay-off options. The payment flexibility and no-obligation makes it an extremely attractive option for many people in the market for furniture. 

The value of renting furniture goes beyond the price of each item, it is its products combined with its service, flexibility and no-obligation transaction.

The rental industry fills a valuable economic niche in the marketplace and attracts a wide variety of consumers, like college students, military personnel, professionals that are often relocating, and of course those who enjoy quality, name-brand furniture with the flexibility to change/update the look of their home frequently.

LEARN ABOUT THE BENEFITS OF RENTING ASHLEY FURNITURE

  • ASHLEY DIFFERENCE – We engineer, design, manufacture and truck to over 95% of North America weekly
  • ASHLEY HAS STYLE AND SELECTION – Over 13000 SKUs and 20 product categories make Ashley the #1 searched furniture term on Google
  • IT’S ALL ABOUT THE THROUGHPUT – Enjoy a higher turns by using Ashley warehouses instead of spending additional capital on your warehouse
  • GO WITH THE LEADER – Ashley  is the World's largest manufacturer of furniture, and the #1 seller to the Rental dealers in North America

OUR 4 EASY STEPS FOR FURNITURE PURCHASE FOR YOUR RENTAL BUSINESS

Step 1

Introduction to our Rental Team Leader

Step 2

Account Setup

Step 3

Purchase from USA, Vietnam or China

Step 4

Receive product and enjoy improved Gross Margin Return on Investment (GMROI)

INCREASE YOUR GMROI (GROSS MARGIN RETURN ON INVESTMENT) WITH MOQ OF 1

GMROI: Gross Margin Return On Investment. Increase your GMROI by leveraging Ashley's Minimum Order Quantity of 1

EXAMPLE: Two chairs. Same price. Same gross margin. Same unit
sales per month. Which chair do you want to have in your store?

GMROI = annual gross margin $ divided
by average annual inventory at cost

International Manufacturing & Distribution Centers

Kunshan, China

manufacturing and distribution center

Tan Uyen Town, VN

Binh Duong City, VN

My Phuoc 3 lp, VN

Facility in Binh Duong City VN

USA Manufacturing & Distribution Centers

Advance, NC

Arcadia, WI

668 acres - 65 acres under roof

Brandon, FL

40 acres - 3 acres under roof

Ecru, MS

100 acres - 46 acres under roof

Independence, WI

24,810 sq. ftn

Leesport, PA

172 acres - 29 acres under roof

Mesquite, TX

Mesquite TX

Redlands, CA

Facility in Redlands CA
35 acres - 16 acres under roof

Ripley, MS

Distribution and Manufacturing Center in Ripley MS
35 acres - 14 acres under roof

Verona, MS

Verona MS
32 acres - 6 acres under roof

Whitehall, WI

35 acres - 4 acres under roof

FURNITURE IS OUR PASSION

Product Design & Engineering

Ashley Furniture’s in-house designers and engineers react quickly to consumer tastes, and have conquered the ability to make style and selection affordable.

Quality Control

Ashley Furniture’s clear and comprehensive approach to improving the quality of our products adds to our reputation as a “World-Class Furniture Manufacturer”.

World-Wide Furniture Markets

At markets, Ashley participates in head-to-head competition with hundreds of manufacturers from around the globe and our showrooms are the most attended in the industry.​

Testimonials

Jenny | Singapore

Ashley Furniture is at the top of supply chain companies within the furniture industry. Their ease of use web portal allowed us to process and track orders

Yu | Malaysia

Wow! From day one, Ashley was nothing less then professional. Not only that, they are also prompt to respond and never make us feel incompetent; instead they graciously allow us to ask as many questions as we need. They lay out the jigsaw puzzle of paperwork and tell us exactly what pieces to put where. We had great service from them. As a non USA client we were intimidated by all the new filings we had to make but they made it sound so simple and we immediately had confidence that they would do what they said they would and they did. We don't have to worry about a thing, that is what we can say when Ashley handles our licensing. This is just the beginning of a permanent business relationship. Again, a huge thank you to the entire Ashley team. GREAT JOB!

Jackhan | Brunei

Ashley Furniture has helped us grow and tap into our market. The ease of doing business with this brand has helped us elevate our success. Having access to all the help was monumental to our success. They were able to provide support from everything in the front side of the business to the backside of the business. As a result, our teams are more intertwined than ever, which allows us all to focus on common goals.

Kristen | Cambodia

Knowledge sharing and people development is what I have learned and appreciate the most from the Ashely Team! Ashely, being the #1 Furniture retailer in the USA for the past 12 years is proof to the level of customer service and value for money products we are getting!

Mary | Philippines

Ashley offers No Minimum Order Quantity, which allowed us to focus on our cash flow when planning at the retail front instead of our backend. Ashley’s supply chain helped us minimize shipping & production time, which drastically improved our ROI.

Felicia | Indonesia

Ashley Furniture has helped us grow and tap into our market.  The ease of doing business with this brand has helped us elevate our success.  Having access to all the help was monumental to our success.  They were able to provide support from everything in the front side of the business to the backside of the business.  As a result, our teams are more intertwined than ever, which allows us all to focus on common goals.

Santiago | Ecuador

Ashley Furniture is an innovative company with exclusive lifestyles, models and excellent quality. This is exactly what our customers were looking for. We are proud to represent this brand in our country.

Melvin | Costa Rica

We partnered with Ashley so we could be the dominant furniture retailer in our market.  It has been a successful relationship for more than 30 years. We opened the first Homestore in Central America and it has been a winner since day one. Ashley is by far the best furniture company in the world.

LEARN ABOUT PURCHASING OUR FURNITURE FOR YOUR RENTAL BUSINESS

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