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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 is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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 SWOT Analysis Chapter

The Consumer Electronics and Appliances Rental industry is in a mature stage of its life cycle. Over the 10 years to 2019, the industry's value added, which measures the industry's contribution to the economy, is expected to increase at an average annual rate of 2.0%. This rate is slower than the projected GDP growth rate of 2.5% over the same period, which indicates that the industry may be in danger of entering a period of decline, should US economic conditions continue to threaten industry growth.

Industry products themselves are widely accepted, as renters have traditionally demanded the same consumer electronics and appliances that buyers demand... 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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