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 SWOT Analysis Chapter
The Consumer Electronics and Appliances Rental industry is in a mature stage of its life cycle. Over the 10 years to 2018, the industry's value added, which measures the industry's contribution to the economy, is expected to increase at an average annual rate of 1.6%. This rate is slower than the projected GDP growth rate of 2.1% over the same period.
Industry products themselves are widely accepted, as renters have traditionally demanded the same consumer electronics and appliances that buyers demand. Markets are similarly well-defined, although their access to and need for industry products has shifted in line with market fluctuations in the last five years... purchase to read more