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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 2014

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

IBISWorld’s Consumer Electronics & Appliances Rental market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$5bn
Annual Growth 09-14
2.0%
Annual Growth 14-19
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Profit
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Employment
30,434
Businesses
2,055
Industry Analysis & Industry Trends

The Consumer Electronics and Appliances Rental industry has remained relatively flat over the five years to 2014, due to continuing improvements in macroeconomic conditions, as negative economic conditions can translate to increased industry revenue. Additionally, as unemployment slowly declines and consumers gain more income, revenue is expected to fall. In the five years to 2019, the industry is forecast to hit a crossroads. Consumer spending will likely increase during the next five years, and the increase in consumer disposable income will limit industry growth. However, bitter consumer sentiment and tightened credit is expected to keep some patrons renting, aiding rental demand... purchase to read more

Industry Report - Industry Analysis Chapter

The Consumer Electronics and Appliances Rental industry has remained relatively flat over the five years to 2014, with revenue growing at an average annual rate of only 2.0% from $4.5 billion in 2009 to $4.9 billion in 2014. Although the industry generally benefits from poor economic conditions (because rentals are perceived to be less expensive short-term alternatives to purchases), the deep effects of the 2009 recession on disposable income caused industry revenue to drop to a four-year low in 2009, as unemployment approached 10.0%. However, the impact of the recession on credit markets helped the industry quickly rebound, growing 4.3% in 2010 as credit-poor consumers increasingly turned to renting... 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
AppliancesElectronicsComputers
 
Industry Activities
Consumer electronics rentals and leasesAppliance rentals and leasesComputer rentals and leases


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