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Consumer Electronics & Appliances Rental in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Consumer Electronics & Appliances Rental Market Research Report | NAICS 53221 | Sep 2013

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

IBISWorld’s Consumer Electronics & Appliances Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 08-13
0.4%
Annual Growth 13-18
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Profit
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Employment
30,081
Businesses
2,089
Industry Analysis & Industry Trends

On borrowed time

While many businesses suffered major losses during the recession, the Consumer Electronics and Appliances Rental industry remained relatively steady. As the economy took major hits from soaring unemployment rates and low disposable income, industry demand increased. This trend will continue into the next five years, with the industry targeting consumers with poor credit who would otherwise not be able to afford purchasing consumer electronics and appliances. However, operators will be threatened by competition from consumer electronics and appliance stores, especially as better credit rates allow consumers to make long-term purchases... purchase to read more

Industry Report - Industry Key Buyers Chapter

Concentration within this industry is medium, with the top two firms controlling about 56.9% of industry revenue in 2013, up from about 45.0% in 2008. The number of firms with national scale and significant market share has declined since 2008, driven primarily by Rent-A-Center's acquisition of Rent Way, then the third-largest operator in the industry. This trend was also encouraged by the industry departure of some small firms during the recession. The two largest players in the industry have expanded organically over the past five years, using a combination of company-owned stores and franchising; however, market shares listed do not reflect revenue generated from sales by franchisee-owned stores... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Consumer Electronics & Appliances Rental Industry?

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 allow 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.

Industry Products
Appliance rentalsElectronics rentalsComputer rentals
 
Industry Activities
Consumer electronics rentals and leasesAppliance rentals and leasesComputer rentals and leases


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