Consumer Electronics & Appliances Rental in the US - Industry Market Research Report

Consumer Electronics & Appliances Rental in the US - Industry Market Research Report

  • March 2020 •
  • 38 pages •
  • Report ID: 243223 •
  • Format: PDF
Weak power: Rising incomes will both support and siphon demand for the industry’s rentals

Abstract

Consumer Electronics & Appliances Rental in the US
The macroeconomy plays a significant role in determining Consumer Electronics and Appliances industry demand. When economic conditions are difficult and consumer confidence is low, many consumers rent industry products to delay purchasing until the economy improves. Conversely, during favorable economic times consumers with higher disposable income and access to credit will be able to newer, more expensive products. As a result, industry revenue is expected to increase over the five years to 2019. Industry revenue is expected increase over the five years to 2024. Demand for new technology is expected to drive industry revenue, however rising access to credit will limit the number of consumers that turn to industry services.

Companies within this industry rent or lease consumer electronics and appliances including DVD players, refrigerators, computers, stoves and TVs. Most industry transactions are through rental-purchase agreements that enable 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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