ABSTRACT
This study critically examines the efficacy of rental hardware in advancing the principles of a circular economy to mitigate resource depletion and environmental harm. Employing a comprehensive approach that integrates data analysis, design strategies, and evaluation methodologies, the research highlights the potential to optimize the capital layer utilization of goods and extend product life cycles. The outcomes showcase the substantial environmental and economic impact, underscoring the potential of circular practices. Through a compelling argument, this research advocates for widespread adoption of rental systems, shedding light on their transformative role in altering consumer behavior and market dynamics. Rental frameworks emerge as a viable alternative to conventional models by fostering product reuse and encouraging collaborative consumption. The study's findings contribute to the ongoing discourse surrounding the circular economy, providing insights and recommendations for industries and policymakers alike. In essence, the research emphasizes the importance of innovative solutions in achieving economic development goals and nurturing a resilient global economy. By delving into the intricate relationship between rental systems and circular economy principles, this study not only underscores their significance but also positions them as instrumental tools in steering societies towards sustainable practices and fostering a more robust economic landscape.
