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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 Analysis Chapter

The Consumer Electronics and Appliances Rental industry has remained relatively flat over the five years to 2013, with revenue growing at an average annual rate of only 0.4% from $4.7 billion in 2008 to $4.8 billion in 2013. High levels of consumer confidence and a housing boom encouraged retail spending prior to the recession, including on rental agreements. However, as the economy began to sour in 2008, real-estate prices and credit markets unraveled, slowing consumer spending and driving up unemployment. The deep recession caused by these forces drove revenue down by 7.5% in 2009, as unemployment approached 10.0%. However, the economy turned a corner in 2010, and industry revenue grew 4.3% over the year... 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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