1. Market Research
  2. > Retail Market Trends

The U.S. Rent-To-Own Market: Trends and Opportunities (2014-2019)

  • April 2015
  • 72 pages
  • Daedal Research
Report ID: 2911057

Summary

Table of Contents

Search Inside

Scope of the Report

The report titled “The U.S. Rent-To-Own (RTO) Market: Trends & Opportunities (2014-2019)” provides an in-depth analysis of the US rent-to-own market with detailed analysis of market sizing and growth, market share and economic impact of the industry. The U.S. rent-to-own market is highly fragmented with a large number of small companies holding one-third of the market share. The U.S. rent-to-own market has low penetration rate, presenting big growth opportunities for the small players. Detailed rent-to-own consumer behavior analysis has been presented in this report.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the rent-to-own industry. Growth of the overall U.S. rent-to-own industry has also been forecasted for the period 2014-2019, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. Competition in The U.S. rent-to-own market is stiff and dominated by the big players like Rent-A-Center and Aaron’s Inc. Further, key players of the U.S. rent-to-own industry like Rent-A-Center, Aaron’s Inc. and Easyhome Limited are also profiled with their financial information and respective business strategies.

Company Coverage
- Rent-A-Center
- Aaron’s Inc.
- Easyhome Limited

Executive Summary

The rent-to-own (RTO) industry concept was introduced in the 1960’s and now RTO has grown into an important sector of the retailing industry. Rent-to-own business offer the facility of long-term leasing to consumers for using goods such as furniture, appliances and various electronic products. The rent-to-own industry has grown over 8,600 stores in the U.S., annually providing service to over four million consumers.

The core of the RTO arrangement is consumers gain instant access to new or used merchandise - most commonly appliances, electronics or furniture-with neither a credit check nor down payment in exchange for a number of fixed rental payments due either weekly, biweekly, or monthly. A consumer who respects the terms of the contract and pays all rents before acquiring the good leased, generally pays, in total, twice even three times the actual value of the good. Low Income population group because of the low disposable income are expected to rely on the rent-to-own business activities. And the needs of the low-income population will be met by the increased penetration and transparency of the rent-to-own market.

The high growth in online penetration is attributed to the proliferation of virtual rent-to-own business activity. As suppliers look for more efficient means of distribution, their participation in the virtual rent-to-own market has increased. With Aaron’s largest investment to date in 2014, which it paid for Progressive Financials, a leading virtual RTO provider, the virtual rent to own market has certainly got a new fillip. Progressive is not the only virtual rent-to-own provider, as Rent-A-Center created Acceptance NOW in 2010.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Veronica helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers
Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • $ 14995
  • Industry report
  • March 2017
  • by GlobalData

Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Perms & Relaxers (Haircare) Market - Outlook to 2020: Market Size, Growth and Forecast ...

Global Syrups (Syrups & Spreads) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

Global Syrups (Syrups & Spreads) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • $ 14995
  • Industry report
  • March 2017
  • by GlobalData

Global Syrups (Syrups & Spreads) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Syrups (Syrups & Spreads) Market - Outlook to 2020: Market Size, Growth and Forecast ...

Global Meal Kits (Prepared Meals) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

Global Meal Kits (Prepared Meals) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics

  • $ 14995
  • Industry report
  • March 2017
  • by GlobalData

Global Meal Kits (Prepared Meals) Market - Outlook to 2020: Market Size, Growth and Forecast Analytics Summary "Global Meal Kits (Prepared Meals) Market - Outlook to 2020: Market Size, Growth and Forecast ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.