A Look at Emerging Trends and Future Opportunities for The Global Consumer Electronics And Appliances Rental Market: SmartSource Inc., Flex IT Rent BV, GSE Audiovisual Inc., Aaron's Company Inc

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Consumer Electronics And Appliances Rental Market Size, Growth Rate, And Forecast

The global consumer electronics and appliance rental market size is expected to grow from $59.59 billion in 2022 to $67.29 billion in 2023 at a compound annual growth rate (CAGR) of 12.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global consumer electronics and appliance rental market size is expected to reach $104.60 billion in 2027 at a CAGR of 11.7%.

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Consumer Electronics And Appliances Rental Market Drivers

The increased dependency on electronic products is expected to propel the growth of the consumer electronics and appliance rental market going forward. In recent years, there has been a significant increase in dependence on electronic products. People are using electronic products more than ever, with the widespread availability of smartphones, laptops, tablets, and other devices. Due to various tasks, including communication, entertainment, work, education, and even health monitoring, being done through electronic products, there is an increase in demand for electronic rentals. For instance, in March 2023, according to the United Nations COMTRADE database, a US-based intergovernmental organization, Australia's electrical and electronic equipment exports totalled $3.56 billion in 2022. Additionally, in February 2022, India's export of electronic goods rose by almost 88% from $6600 million in 2013-14 to $12,400 million in 2021-22. Therefore, an increase in dependency on electronic products is driving the growth of the consumer electronics and appliance rental market.

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Consumer Electronics And Appliances Rental Market Segments

• By Type: Home Appliances, Refrigerator, Air Cooler, TV (Television), Washing Machine, Others

• By Distribution Channel: Online, Offline

• By Application: Personal, Business

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the consumer electronics and appliances rental market.

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Consumer Electronics And Appliances Rental Market Key Players
Major competitors in the consumer electronics and appliances rental market are SmartSource Inc., Flex IT Rent BV, GSE Audiovisual Inc., Aaron's Company Inc., Meeting Tomorrow, Mr Rental NZ Pty, Radio Rentals, Red Cherry Computer Rentals.

The Business Research Company's "Global Consumer Electronics And Appliances Rental Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.

The Table Of Content For The Consumer Electronics And Appliances Rental Market Include:
1. Executive Summary
2. Consumer Electronics And Appliances Rental Market Characteristics
3. Consumer Electronics And Appliances Rental Market Trends And Strategies
4. Consumer Electronics And Appliances Rental Market - Macro Economic Scenario
5. Consumer Electronics And Appliances Rental Market Size And Growth
………………
27. Consumer Electronics And Appliances Rental Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Consumer Electronics And Appliances Rental Market
29. Consumer Electronics And Appliances Rental Market Future Outlook and Potential Analysis
30. Appendix

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