Overview and Scope
Consumer goods rental refers to a place for renting out essential consumer and homeowner products for a specified period. General rental centers refer to a place for renting general equipment, such as construction tools, for a specified period. The consumer goods and general rental centers rent out or lease personal and household-type goods for short-term rental although, in some instances, the goods may be leased for longer periods.
Sizing and Forecast
The consumer goods and general rental centers market size has grown strongly in recent years. It will grow from $169.45 billion in 2023 to $183.54 billion in 2024 at a compound annual growth rate (CAGR) of 8.3%. The growth in the historic period can be attributed to economic conditions, housing market activity, construction industry health, seasonal demand, environmental regulations, consumer awareness.
The consumer goods and general rental centers market size is expected to see strong growth in the next few years. It will grow to $250.37 billion in 2028 at a compound annual growth rate (CAGR) of 8.1%. The growth in the forecast period can be attributed to sustainability practices, e-commerce integration, circular economy initiatives, health and safety compliance, smart home device rentals. Major trends in the forecast period include supply chain innovations, subscription-based models, flexible rental terms, integration of technology, customer loyalty programs, collaborations with manufacturers.
Order your report now for swift delivery, visit the link:
https://www.thebusinessresearchcompany.com/report/consumer-goods-and-general-rental-centers-global-market-report
Segmentation & Regional Insights
The consumer goods and general rental centers market covered in this report is segmented –
1) By Type: Consumer Goods Rental, General Rental Centers
2) By Distribution Channel: Online, Offline
3) By Application: Electronics, Healthcare, Formal Wear and Costume, Video Tape and Disc, Recreational Goods
Subsegments Covered: Consumer Electronics And Appliances Rental, Formal Wear And Costume Rental, Video Tape And Video Games Rental, Other Consumer Goods Rental, Audio Visual Equipment Rental, Contractors And Builders Tools And Equipment Rental, Home Repair Tools Rental, Lawn And Garden Equipment Rental, Other Equipment Rental
Asia-Pacific was the largest region in the consumer goods and general rental centers market in 2023. Western Europe was the second-largest region in the global consumer goods and general rental centers market. The regions covered in the consumer goods and general rental centers market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Intrigued to explore the contents? Secure your hands-on a free sample copy of the report:
https://www.thebusinessresearchcompany.com/sample.aspx?id=2221&type=smp
Major Driver Impacting Market Growth
With the rise in mobile phone and internet penetration, online portals and mobile applications are being widely used to rent or lease goods. These mobile applications and online portals consist of an interface that enables users to view products and choose the desired one to be rented. The online leasing portals may offer various types of products or specialize in a single product. Major products being widely offered for lease through online portals include electronics, furniture, appliances, cameras, and others. For instance, according to PricewaterhouseCoopers, around 44% of US adults are familiar with the sharing economy which includes leasing and this market is expected to increase from $15 billion in 2014 to $335 billion by 2025.
Key Industry Players
Major companies operating in the consumer goods and general rental centers market report are Toyota Motor Corporation, The Home Depot Inc., SK Inc., Menard Inc., United Rentals Inc., Rent-A-Center Inc., Chep (USA) Inc., JCDecaux Group, Herc Holdings Inc., Sunbelt Rentals Inc., Aaron’s Inc., Outerwall lnc., Gfn North America Corp., H&E Equipment Services Inc., United Site Services Inc., Neff Rental LLC, BlueLine Rental LLC, HSS Hire Group plc, EVI Industries lnc., Ahern Rentals Inc., Sunstate Equipment Co. LLC, Compressor Systems Inc., 1-800-Pack-rat LLC, Home Essentials, BigRentz Inc., Cort Guitars Company, General Finance Corporation, Rental One, Red-D-Arc lnc., Axia Acquisition Corporation
The consumer goods and general rental centers market report table of contents includes:
1. Executive Summary
2. Consumer Goods And General Rental Centers Market Characteristics
3. Consumer Goods And General Rental Centers Product/Service Analysis -Product/Service Examples
4. Consumer Goods And General Rental Centers Market Trends And Strategies
5. Consumer Goods And General Rental Centers Market – Macro Economic Scenario
.
.
.
68. Global Consumer Goods And General Rental Centers Market Competitive Benchmarking
69. Global Consumer Goods And General Rental Centers Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Consumer Goods And General Rental Centers Market
71. Consumer Goods And General Rental Centers Market Future Outlook and Potential Analysis
72. Appendix
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: [email protected]
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
Facebook: https://www.facebook.com/TheBusinessResearchCompany
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Blog: https://blog.tbrc.info/
Healthcare Blog: https://healthcareresearchreports.com/
Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model
