Gen Z turns to convenience, flexibility of rental economy | investinchina.chinaservicesinfo.com

Gen Z turns to convenience, flexibility of rental economy

By YU RAN in Shanghai CHINA DAILY Updated: Dec 02, 2025
A hanfuenthusiast selects garments at a rental shop in Xi'an, Shaanxi province, on Jan 29, 2024. PROVIDED TO CHINA DAILY

Cheng Shuo works as an accountant in Suzhou, Jiangsu province, but the 27-year-old's real passion is attending live music performances. Almost every month, she travels to different cities for concerts, music festivals and fan events.

Before each show, Cheng carefully prepares her gear. She often rents a Sony A7 series camera to capture vivid details. Online rental platforms offer easy credit-based services, with professional cameras costing 200 to 400 yuan ($56) per day to rent.

"Buying one would cost tens of thousands of yuan, but renting for two days is only around 400 to 800 yuan. The process is simple — order online, verify your ID, and the camera arrives the next day," said Cheng.

She also rents clothing and accessories to match concert themes. "I sometimes rent an outfit in a particular shade, or some jewelry that matches the light sticks and banners," said Cheng.

In recent years, she has also started renting items for short trips with friends. For instance, she has rented a compact camera for a weekend getaway and a drone to capture images of landscapes.

"It only takes a few minutes to book what I need, then it's delivered to my door, ready to use. Afterward, I just pack it up and send it back," she said.

From renting high-end video equipment to trying household goods before buying, Chinese consumers, especially young people, are increasingly embracing a lifestyle based on renting rather than ownership.

Convenience, flexibility

China's new rental market is expected to reach 71.6 billion yuan ($10.11 billion) in 2025 and nearly 1 trillion yuan by 2030, according to a report by Beijing-based internet consultancy Analysys.

The rental items range from electronics and outdoor gear to fashion and luxury items, with smartphones, laptops, cameras, and drones among the most popular items. More than 30,000 businesses are offering rental services, the report said.

Leading rental platform rrzu.com said during the recent National Day holiday from Oct 1 to Oct 8, its orders for photography and drone equipment surged nearly 350 percent year-on-year. Short-term rentals under 90 days now account for over 70 percent of bookings, with young people making up the majority of customers.

"This increase reflects how short-term rental services have become the mainstream choice for young users seeking convenience and flexibility," said Chen Weijun, brand and channel manager at rrzu.com, which has expanded from renting office equipment to now covering more than 200 sectors.

The platform has seen strong growth in both orders and user numbers, closely aligned with broader industry trends.

Chen said he and his team have observed three clear trends shaping young people's rental behavior.

"They increasingly prioritize short-term utility over ownership, seek rentals that enhance social and experiential activities, and make decisions based on convenience and efficiency, valuing quick ordering, flexible extensions, and easy returns," said Chen.

Growth is strong in lifestyle categories. In-demand items include photography equipment and drones, gaming consoles, trend-driven products, and tools for livestreaming.

Renting enables low-cost experimentation without the burden of equipment depreciation, Chen said.

"These trends reflect broader shifts in young consumers' values, as they pursue experience-based consumption and 'lightweight' entrepreneurship," he said. "Photography rentals suit travel vlogging, gaming rentals enhance social interaction, and technology rentals satisfy the desire to experiment."

The platform has also introduced innovative services to meet evolving demand. A "consignment rental" model, for instance, unlocks income from previously idle equipment. Owners can consign their unused equipment to the platform to rent out, and share profits with the company.

Chen said the advantages of China's rental model include adapting quickly to domestic trends, fast same-city delivery, and rigorous quality control.

"Generation Z and consumers under 30 are fundamentally changing the way rental services are used. They value utility and experience over ownership, creating diverse and fragmented demand that will drive industry expansion in the next two to three years," said Chen.

A total of 38.2 percent of users rent to test products before buying, while 33.7 percent rent to enjoy more variety, the consultancy Analysys found. Major reasons for renting items include concerts, travel, entertainment, and work, with baby care, health, and beauty emerging as new growth areas.

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Gen Z turns to convenience, flexibility of rental economy

By YU RAN in Shanghai CHINA DAILY Updated: Dec 02, 2025
A hanfuenthusiast selects garments at a rental shop in Xi'an, Shaanxi province, on Jan 29, 2024. PROVIDED TO CHINA DAILY

Cheng Shuo works as an accountant in Suzhou, Jiangsu province, but the 27-year-old's real passion is attending live music performances. Almost every month, she travels to different cities for concerts, music festivals and fan events.

Before each show, Cheng carefully prepares her gear. She often rents a Sony A7 series camera to capture vivid details. Online rental platforms offer easy credit-based services, with professional cameras costing 200 to 400 yuan ($56) per day to rent.

"Buying one would cost tens of thousands of yuan, but renting for two days is only around 400 to 800 yuan. The process is simple — order online, verify your ID, and the camera arrives the next day," said Cheng.

She also rents clothing and accessories to match concert themes. "I sometimes rent an outfit in a particular shade, or some jewelry that matches the light sticks and banners," said Cheng.

In recent years, she has also started renting items for short trips with friends. For instance, she has rented a compact camera for a weekend getaway and a drone to capture images of landscapes.

"It only takes a few minutes to book what I need, then it's delivered to my door, ready to use. Afterward, I just pack it up and send it back," she said.

From renting high-end video equipment to trying household goods before buying, Chinese consumers, especially young people, are increasingly embracing a lifestyle based on renting rather than ownership.

Convenience, flexibility

China's new rental market is expected to reach 71.6 billion yuan ($10.11 billion) in 2025 and nearly 1 trillion yuan by 2030, according to a report by Beijing-based internet consultancy Analysys.

The rental items range from electronics and outdoor gear to fashion and luxury items, with smartphones, laptops, cameras, and drones among the most popular items. More than 30,000 businesses are offering rental services, the report said.

Leading rental platform rrzu.com said during the recent National Day holiday from Oct 1 to Oct 8, its orders for photography and drone equipment surged nearly 350 percent year-on-year. Short-term rentals under 90 days now account for over 70 percent of bookings, with young people making up the majority of customers.

"This increase reflects how short-term rental services have become the mainstream choice for young users seeking convenience and flexibility," said Chen Weijun, brand and channel manager at rrzu.com, which has expanded from renting office equipment to now covering more than 200 sectors.

The platform has seen strong growth in both orders and user numbers, closely aligned with broader industry trends.

Chen said he and his team have observed three clear trends shaping young people's rental behavior.

"They increasingly prioritize short-term utility over ownership, seek rentals that enhance social and experiential activities, and make decisions based on convenience and efficiency, valuing quick ordering, flexible extensions, and easy returns," said Chen.

Growth is strong in lifestyle categories. In-demand items include photography equipment and drones, gaming consoles, trend-driven products, and tools for livestreaming.

Renting enables low-cost experimentation without the burden of equipment depreciation, Chen said.

"These trends reflect broader shifts in young consumers' values, as they pursue experience-based consumption and 'lightweight' entrepreneurship," he said. "Photography rentals suit travel vlogging, gaming rentals enhance social interaction, and technology rentals satisfy the desire to experiment."

The platform has also introduced innovative services to meet evolving demand. A "consignment rental" model, for instance, unlocks income from previously idle equipment. Owners can consign their unused equipment to the platform to rent out, and share profits with the company.

Chen said the advantages of China's rental model include adapting quickly to domestic trends, fast same-city delivery, and rigorous quality control.

"Generation Z and consumers under 30 are fundamentally changing the way rental services are used. They value utility and experience over ownership, creating diverse and fragmented demand that will drive industry expansion in the next two to three years," said Chen.

A total of 38.2 percent of users rent to test products before buying, while 33.7 percent rent to enjoy more variety, the consultancy Analysys found. Major reasons for renting items include concerts, travel, entertainment, and work, with baby care, health, and beauty emerging as new growth areas.

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