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Consumer Electronics & Appliances Rental in the US - Industry Market Research Report

  • July 2017
  • 34 pages
  • ID: 243223

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Bottom dollar: Poor credit conditions have actually boosted demand for rental outlets

Abstract

Consumer Electronics & Appliances Rental in the US

consumers who lease or rent a variety of items, including televisions, refrigerators, computers, stoves and stereo systems. The industry usually caters to individuals with an immediate short-term need or those who desire to purchase these big-ticket items, but lack sufficient income or credit. The macro-economy plays a significant role in determining demand for industry services. When economic conditions are grim and consumer confidence is low, many consumers rent industry products as a way to put off purchasing until times improve. Conversely, during favorable economic times, higher levels of disposable income increase consumer spending on newer and more expensive industry items, for both renters and buyers alike. Due to these conditions, over the five years to 2017, industry revenue is expected to increase.

Over the past five years, expansion and acquisitions have made the industry more concentrated. As consumer spending increases over the next five years, increased demand for newer technology is expected to drive industry revenue forward.

Companies within this industry rent or lease consumer electronics and appliances including DVD players, refrigerators, computers, stoves and televisions. Most industry transactions are through rental-purchase agreements that enable customers to take ownership of merchandise after an agreed-upon rental period. Companies that primarily sell electronics and appliances on a retail basis are excluded from this industry.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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