Analysis of the Latest Changes and Development Trends in the International Rental Market

Yuan Feng

doi:10.54691/bcpbm.v45i.4829

Authors

Yuan Feng

DOI:

https://doi.org/10.54691/bcpbm.v45i.4829

Keywords:

International rental market; COVID-19 pandemic; diversified development trend.

Abstract

Due to the impact of the global COVID-19 pandemic, the international rental market has been affected by various degrees of economic and environmental impacts, resulting in large volatility since 2020. Among the several countries and regions, including North America, Asia, and Europe, their developed rental market business sizes all show different downward trends. However, the rental business in China has been on the rise, because the country's epidemic prevention and control efforts have been successful. From 2020 to 2022, the proportion of China's rental business in the world has steadily increased, and China has gradually become an emerging force in the international rental market. However, the landscape of the world's rental industry has not changed and the overall structure and nature of the world's rental market has not fundamentally changed. This paper analyzes the latest changes in the international rental market and puts forward corresponding suggestions based on the data of penetration rate and market share of important countries in the international market in the past three years.

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