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 SWOT Analysis Chapter
The Consumer Electronics and Appliances Rental industry is in a mature stage of its life cycle. Over the 10 years to 2020, the industry's value added (IVA), which measures the industry's contribution to the economy, is expected to increase at an average annual rate of 2.6%. This rate is slightly higher than the projected GDP growth rate of 2.2% over the same period, which indicates that the industry is growing faster than the overall economy. Even with the anticipated growth, the industry is in the mature phase of its life cycle.
Industry products themselves are widely accepted, as renters have traditionally demanded the same consumer electronics and appliances that buyers demand... purchase to read more