It’s a known fact that enjoying outdoors doesn’t come cheap. The cost of owning new gear, maintenance, storage coupled with the essential equipment needed for camping or backpacking can very easily rack up the bills to thousands of dollars. This is the reason for the growing popularity of P2P marketplaces that rent out equipment for a vast range of outdoor activities.

Adventure Gear Rental Business & Revenue Model

A P2P adventure gear marketplace allows people to rent and borrow gear from each other at affordable prices. The marketplace charges a small commission on each transaction. The renter make money by renting their equipment for a specified time period.

Now that we have a clear understanding of online outdoor equipment rental business model, let’s see how the overall architecture of a rental portal works:

How it Works?

• Equipment listing with real photos.
• Set price which can also be adjusted per rental.
• Renters can search for gear as per region.
• View availability in that area and make rent request.
• Renter must pay for the rental and pick up their equipment at the agreed time and place.
• Money is transferred securely through the platform to both accounts after commission deduction.
• Every listed item must be insured, making the experience completely safe for every person.

Top Players:
• Coozie Outdoors
• ExperienceGear
• LowerGear Outdoors
• Outdoors Geek
• XscapePod

In order to better understand the sustainability of the adventure gear rental platforms in the market, let’s take a look at their key features.

Outdoor Gear Rental Marketplace Overview & Features

Like most online ventures, peer to peer renting platforms also get a major boost by focusing on user experience and engagement. Hence, focus on simplifying the renting process. Let’s take a look at the crucial marketplace pages, features and various other aspects that highly recommended by major rental marketplace software developers.

  • Homepage
  • Signup/Sign-in
  • Dashboard
  • Map view
  • Search Functionality
  • Listing
  • Gear Renting
  • Adding Equipment for rent
  • Payment Options
  • Messaging
  • Vendor Profile Page
  • Help section

Your website must incorporate some unique ideas in order to stand out from the competition. If you are planning to compete with the likes of Coozie, Outdoors Geek and XscapePod, then, the above mentioned features are a must.
We recommend reading this guide to know everything about all these features you’ll be able to create a powerful and sophisticated online gear rental website.

If you’re looking for a turnkey solution to launch your online rental marketplace, then Yo!Rent can help.