Consumer goods and general rental centers market comprises establishments rent-out of consumer electronics, electrical appliances, home health equipment, recreational goods, formal clothes and costumes, and other goods. Establishments in consumer goods rental industry group generally provide short-term rental but the goods may be leased for longer periods of time and those in general rental industry group typically perform from comfortably located facilities where they maintain inventories of goods and equipment that they rent for short periods of time.
The global consumer goods and general rental centers market was valued at $203.9 billion in 2017. Asia Pacific was the largest geographic region accounting for $78.7 billion or 38.6% of the global market. And the USA was the largest country accounting for $44.6 billion or 21.9% of the global consumer goods and general rental centers market.
With the rise in mobile phone and internet penetration, online portals and mobile applications are widely being 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, automobiles and others.
Companies Covered: Aaron's, Outerwall, Rent-A-Center, Home Essentials, LOVEFiLM
Market Segments Included: Consumer Goods Rental; General Rental Centers
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