Global Consumer Goods And General Rental Centers market size is expected to reach $264.5 billion by 2029 at 8.2%, segmented as by type, consumer goods rental, general rental centers

This table contains 15 series, with data for years 1997 - 2012 (not all combinations necessarily have data for all years), and was last released on 2015-06-22. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), North American Industry Classification System (NAICS) (3 items: Consumer goods and general rental; Consumer goods rental; General rental centres ...), Summary statistics (5 items: Operating revenue; Operating expenses; Salaries; wages and benefits; Operating profit margin ...).

The DIY and hardware category was estimated to be the consumer goods category which generated the highest revenue from rentals in 2022 by a considerable margin. According to Statista estimates, the revenue from DIY and hardware rentals was forecast to more than double from 2022 to 2026.

The operating expenses by North American Industry Classification System (NAICS) which include all members under industry expenditures, for consumer goods and general rental (NAICS 5322 & 5323), annual (percent), for five years of data.

This statistic presents the number of employees in consumer goods rental industries of the United States from 2010 to 2016. In 2016, there were approximately 146 thousand employees in the consumer goods rental industries in the United States.

This table contains 63 series, with data for years 2007 - 2012 (not all combinations necessarily have data for all years), and was last released on 2015-06-22. This table contains data described by the following dimensions (Not all combinations are available): Geography (1 items: Canada ...), North American Industry Classification System (NAICS) (3 items: Consumer goods and general rental; General rental centres; Consumer goods rental ...), Industry expenditures (21 items: Total operating expenses; Professional and business services fees; Salaries; wages and benefits; Commissions paid to non-employees ...).

This statistic shows the revenue of the industry “consumer goods rental“ in Washington by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of consumer goods rental in Washington will amount to approximately 298,7 million U.S. Dollars by 2024.

Graph and download economic data for Hours Worked for Real Estate and Rental and Leasing: Consumer Goods Rental (NAICS 5322) in the United States (IPULN5322L010000000) from 1987 to 2024 about leases, rent, NAICS, real estate, hours, consumer, goods, and USA.

This statistic shows the revenue of the industry “consumer goods rental“ in Georgia by segment from 2012 to 2017, with a forecast to 2024. It is projected that the revenue of consumer goods rental in Georgia will amount to approximately 1.008,1 million U.S. Dollars by 2024.

Personal and household goods rental and leasing revenue is forecast to contract at a compound annual rate of 3.7% over the five years through 2024 to €23.9 billion, including an estimated drop of 0.3% in 2024. As technology and appliances become more affordable, consumers and businesses increasingly prefer owning rather than renting. The trend against rentals is robust in countries like Poland and Italy, which have the lowest EU prices on home appliances and electronics. However, the rental market remains viable for short-term needs such as those of international students, accounting for a significant portion of rentals in countries like Germany, France and the Netherlands. In response to changing consumer tastes, rental companies now offer rent-to-own schemes that allow consumers to purchase rented equipment at a reduced price. While the profitability of the rental industry has suffered due to lower electronics prices and increased sourcing from low-cost countries, rental companies have sustained their profit through multiple rentals over the lifespan of their equipment. Revenue is forecast to expand at a compound annual rate of 5.7% over the five years through 2029 to €31.6 billion, while the average profit margin is expected to shrink. Major electronic retailers are cutting prices to boost competitiveness, threatening income. Technological advancements reducing the life cycle of electronics, coupled with a solid economic climate in Germany, promise higher disposable incomes and increased consumption. Higher sales of electronic goods will make electronic appliances more accessible to a broader consumer base and impact the growth of the rental sector.

The Consumer Electronics and Appliances rental industry is undergoing significant transformations because of changing consumer habits and evolving technology. Unsatisfactory appliance lifespans and mounting repair costs have steered consumers toward rental options, benefiting the industry. With increased computerization, appliances are less durable and are replaced more frequently, creating demand for flexible rental agreements. Falling prices for TVs and electronics have slightly diminished the appeal of rentals, forcing companies to adjust their pricing strategy and offer flexible payment plans and rent-to-own models. Nonetheless, the "No Credit Needed" approach attracts customers who lack credit history or score, especially in a deteriorating economy where poor credit scores are climbing. Industry revenue has climbed at a CAGR of 1.4% through the end of 2024, reaching $9.8 billion in 2024, despite a dip of 1.5% in 2024. Adapting to the shifting digital environment, the industry is steadily pivoting toward e-commerce transactions and online presence to stay competitive. Companies with an online presence can easily partner with third-party merchants to offer affordable payment options like lease-to-own arrangements, significantly reducing customer acquisition costs. Despite these challenges, industry behemoths like PROG Holdings Inc., Rent-A-Center and Aaron's Inc are poised to continue to dominate the market through strategic acquisitions. Profit has dropped in recent years amid a dip in demand and intense price competition from retailers. Over the next five years, a robust omnichannel strategy will be instrumental for the industry. However, proposed tariffs on imported electronics threaten to raise prices on consumer goods, which could stifle demand and make renting less appealing to cash-strapped customers. Against this backdrop, larger rental providers with significant financial resources will withstand the potential shocks from increasing prices and invest in the newest consumer electronics models for rental purposes. In the longer term, adapting to changing consumer preferences and economic conditions will be crucial for staying competitive in this evolving industry. Through the end of 2029, revenue will drop at a CAGR of 2.6% to reach $8.6 billion in 2029.

Graph and download economic data for Employment for Real Estate and Rental and Leasing: Consumer Goods Rental (NAICS 5322) in the United States (IPULN5322W201000000) from 1988 to 2024 about leases, rent, NAICS, real estate, consumer, goods, employment, and USA.

Methods used for e-commerce sales for businesses locations that reported e-commerce sales for the consumer good rental industry, for Canada, for 3 years of data.

Companies in the tool and equipment rental industry rent out various tools, from contractor equipment to home repair and gardening tools. Construction markets have experienced significant volatility over the past five years. In 2020, residential construction strengthened significantly, while commercial construction suffered amid the onset of COVID-19. Industry revenue has fallen as elevated interest rates have curbed construction activity recently. Overall, industry revenue dipped at a CAGR of 1.4% to $4.7 billion through the end of 2024, including an estimated 1.4% drop in 2024 alone. The consumer market has been a bright spot for lessors, as households have borrowed more small DIY (do-it-yourself) and gardening tools to touch up their homes. Most of these projects stemmed from excessive leisure time during the pandemic. While many consumers have gone back to work, the ease of renting a tool for short-term use remains more attractive than purchasing a product they might only use once or twice. For larger projects, contractors continue to rent tools for the same reason: it is more cost-effective. Industry profit has stagnated amid uneven demand from downstream markets. Construction activity is set to renew through the end of 2029 as economic uncertainty wanes and interest rates drop. More investors and businesses will start projects they had put off amid high interest rates. Homeowners will continue calling contractors or renting equipment to touch up their homes to strengthen their values. Overall, revenue for the tool and equipment rental industry is set to climb at a CAGR of 2.6% to $5.3 billion in 2029.

Forecast: Consumer Goods and General Rental Centers Industry Gross Output in the US 2024 - 2028 Discover more data with ReportLinker!

The operating expenses by North American Industry Classification System (NAICS) which include all members under industry expenditures, for consumer goods and general rental (NAICS 5322 & 5323), annual (percent), for five years of data.

The sales by type of client based on the North American Industry Classification System (NAICS) which include all members under type of client, for consumer goods and general rental (NAICS 5322 & 5323), annual (percent), for five years of data.

Personal and household goods rental and leasing revenue is forecast to contract at a compound annual rate of 3.7% over the five years through 2024 to €23.9 billion, including an estimated drop of 0.3% in 2024. As technology and appliances become more affordable, consumers and businesses increasingly prefer owning rather than renting. The trend against rentals is robust in countries like Poland and Italy, which have the lowest EU prices on home appliances and electronics. However, the rental market remains viable for short-term needs such as those of international students, accounting for a significant portion of rentals in countries like Germany, France and the Netherlands. In response to changing consumer tastes, rental companies now offer rent-to-own schemes that allow consumers to purchase rented equipment at a reduced price. While the profitability of the rental industry has suffered due to lower electronics prices and increased sourcing from low-cost countries, rental companies have sustained their profit through multiple rentals over the lifespan of their equipment. Revenue is forecast to expand at a compound annual rate of 5.7% over the five years through 2029 to €31.6 billion, while the average profit margin is expected to shrink. Major electronic retailers are cutting prices to boost competitiveness, threatening income. Technological advancements reducing the life cycle of electronics, coupled with a solid economic climate in Germany, promise higher disposable incomes and increased consumption. Higher sales of electronic goods will make electronic appliances more accessible to a broader consumer base and impact the growth of the rental sector.

The sales by type of client based on the North American Industry Classification System (NAICS) which include all members under type of client, for consumer goods and general rental (NAICS 5322 & 5323), annual (percent), for five years of data.

The Consumer goods rental, e-commerce sales, by North American Industry Classification System (NAICS) 5322 Consumer goods rental, 5323 General rental centres, which include all members under Sales, (dollars X 1,000,000), annual (percent), for five years of data.