Press release
Appliances Rental Market to Witness Massive Growth by 2028 | Grover, Box at Work, Arcelik
Appliances Rental Market
The appliances rental market refers to the industry involved in renting out household appliances to consumers for a specified period of time. This market allows individuals and businesses to access appliances without the need for purchasing and ownership. The rental model provides flexibility, affordability, and convenience for consumers who may have temporary needs, limited budgets, or prefer to avoid long-term commitments.
The global Appliances Rental market size was valued at USD 3906.46 Million in 2023 and is expected to hit around USD 8219 Million by 2029, progressing with a compound annual growth rate of 9.87% from 2023 to 2029.
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Qualitative Insights from Study
Market Drivers
• Growing Demand for Flexible Solutions
• Technological Advancements
Market Trend
• Internet of Things (IoT) Integration
• Sustainability and Energy Efficiency
Opportunities
• Diversification of Product Portfolio
• Customer Experience
Market Restraints:
• Capital-intensive nature
• Maintenance and repair costs
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Market Scope / Segment Breakdown
Global Appliances Rental market has been analyzed on various dimensions that includes market sizing and share analysis in dollar term as well as by volume* and price. The segments included in the market study are mentioned below which has been reviewed both qualitatively and quantitatively.
Based on the type, the market is bifurcated as Kitchen Appliances, Laundry Appliances, Home Entertainment Appliances, Climate Control Appliances, Others, and On the basis of application, the market is divided as Residential Rentals, Corporate Rentals, Temporary Housing, Others.
The report covers information regarding competitive outlook including the market share and company profiles of the key participants operating in the global Appliances Rental market. Some of the players that are profiled in the study are Grover (Germany), Box at Work (Germany), Arcelik (Turkey), Boels Rental (Netherlands), El Corte Ingles (Spain), Intersport Rent (Switzerland), Aldershot (France), Electro Depot (France), Mediamarkt (Germany), FlexShopper (United States) etc.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
• The Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
• North America (United States, Mexico & Canada)
• South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
• Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
• Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
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Research Objective
• To define and describe the Appliances Rental segmented by product & service, by application, by end-user, and by region.
• To estimate and forecast the Appliances Rental by value in USD Million.
• To estimate and forecast the market size for various segments with regard to Region Name.
• To profile key players and comprehensively analyze their market position in terms of ranking and core competencies.
• To analyze the markets situation with regard to industry trends, prospects, and contribution to the total market by identifying the high-growth segments of the Appliances Rental and provide the competitive landscape.
• To provide industry attractiveness with help of various tools such as the Porter's five force analysis and the PESTEL analysis.
FIVE FORCES & PESTLE ANALYSIS:
In order to better understand Appliances Rental market conditions five forces analysis is conducted that includes the Bargaining power of buyers, Bargaining power of suppliers, Threat of new entrants, Threat of substitutes, and Threat of rivalry.
• Political (Political policy and stability as well as trade, fiscal, and taxation policies)
• Economical (Interest rates, employment or unemployment rates, raw material costs, and foreign exchange rates)
• Social (Changing family demographics, education levels, cultural trends, attitude changes, and changes in lifestyles)
• Technological (Changes in digital or mobile technology, automation, research, and development)
• Legal (Employment legislation, consumer law, health, and safety, international as well as trade regulation and restrictions)
• Environmental (Climate, recycling procedures, carbon footprint, waste disposal, and sustainability)
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Thanks for reading this article; you can also get individual chapter wise section or region wise report version like North America, LATAM, Europe or Southeast Asia.
Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
Phone: +1 434 322 0091
sales@htfmarketintelligence.com
About Author:
HTF Market Intelligence consulting is uniquely positioned empower and inspire with research and consulting services to empower businesses with growth strategies, by offering services with extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist in decision making.
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