Consumer Goods And General Rental Centers Market Size, Trends, Drivers, Growth Rate And Future Expansion To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Consumer Goods And General Rental Centers Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $250.37 billion In 2028 At A CAGR Of 8.1% :

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.

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Consumer Goods And General Rental Centers Market Major Segments
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

Key Driver - Growing Popularity Of Online Portals And Mobile Apps For Rentals

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.

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Prominent Trend - Increasing Focus On Incorporating New Technologies Such As Rent Online, And Pick-Up In-Store Technology To Gain A Competitive Edge In The Market

Major companies operating in the consumer goods and general rental centers market are incorporating new technologies such as Rent Online, and Pick-up In-Store technology to gain a competitive edge in the market. Rent Online, Pick-up In Store (ROPIS) technology is a retail strategy that combines the convenience of online shopping with the immediacy of in-store pick-up that allows customers to rent or reserve products online through a retailer's website or app and then collect them in person from a physical store location. For instance, in June 2021, The Home Depot, a US-based company that provides rental services for tools, trucks, and large equipment through its well-stocked rental centers unveiled Rent Online, Pick-up In Store"" technology. This innovative online technology saves pro and DIY customer's time and travel to the store by allowing them to verify equipment availability and reserve what they need in advance, allowing them to get in and out of our rental centers faster than ever before.

Consumer Goods And General Rental Centers Market 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

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Largest And Fastest Growing Region In The Market
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.

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

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