How Global Consumer Goods And General Rental Centers Market Players Should Strategize For 2022-2031
22 Feb, 2022
The global consumer goods and general rental centers market size is expected to grow from $142.32 billion in 2021 to $157.80 billion in 2022 at a compound annual growth rate (CAGR) of 10.9%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The consumer goods and general equipment rental centers market is expected to reach $229.19 billion in 2026 at a CAGR of 9.8%.
What is the Global Consumer Goods And General Rental Centers Market?
The consumer goods and general rental centers (equipment rental centers) market consists of sales of consumer goods and general rental centers services by entities (organizations, sole traders and partnerships) that rent out or lease personal and household-type goods. Establishments in this market generally provide short-term rental although in some instances, the goods may be leased for longer periods of time. These establishments often operate from a retail-like or storefront facility.
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What drives the Global Consumer Goods And General Rental Centers Market?
Consumer goods and general rental centers are increasingly investing in marketing their products through How-to and DIY videos and tips through online channels. DIY or Do-It-Yourself and How-to sections on their websites include methods to use their products, decorate, repair furniture, comparative analysis of equipment, product purchasing guide and home furnishing. For instance, Home Depot, a general goods rental service store, has a YouTube channel and webpage dedicated for these videos. Gillman Homecenter, Lowe’s DesignHub, Aaron’s, Rent-A-Center are among the major companies that provide such tips, guides and videos for their online consumers.
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https://www.thebusinessresearchcompany.com/report/consumer-goods-and-general-rental-centers-global-market-reportGlobal Consumer Goods And General Rental Centers Market Segments
The global consumer goods and general rental centers market is segmented:
By Type: Consumer Goods Rental, General Rental Centers
By Application: Electronics, Healthcare, Formal Wear and Costume, Video Tape and Disc, Recreational Goods
By Distribution Channel: Online, Offline
By Geography: 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, and Africa.
Consumer Goods And General Rental Centers Global Market Report 2022provides market size and growth forecasts for the global consumer goods and general rental centers market, global consumer goods and general rental centers market share, consumer goods and general rental centers market segments and geographies, consumer goods and general rental centers market competitive landscape including leading competitors’ revenues, profiles and market shares. The consumer goods and general rental centers market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Global Consumer Goods And General Rental Centers Industry Playersinclude The home depot, Aaron's Inc, SK Holdings, CORT, Rent-A-Center Inc, JCDecaux Group, HSS Hire Group plc, EVI Industries, Inc. (EnviroStar, Inc), Red-D-Arc and Axia Acquisition Corporation. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.