Consumer Electronics And Appliances Rental Market: Size, Share, Trends, Growth And Forecast 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 Electronics And Appliances Rental 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 $114.61 billion In 2028 At A CAGR Of 11.5% :

The consumer electronics and appliances rental market size has grown rapidly in recent years. It will grow from $66.09 billion in 2023 to $74.18 billion in 2024 at a compound annual growth rate (CAGR) of 12.2%. The growth in the historic period can be attributed to economic conditions and affordability, changing consumer lifestyles, urbanization and mobility, environmental awareness, rise of the sharing economy.

The consumer electronics and appliances rental market size is expected to see rapid growth in the next few years. It will grow to $114.61 billion in 2028 at a compound annual growth rate (CAGR) of 11.5%. The growth in the forecast period can be attributed to subscription-based business models, demand for smart and connected devices, rising consumer debt and financial constraints, flexibility and upgradability, changing housing trends. Major trends in the forecast period include e-commerce and digital platforms, technological advancements, rental services for high-end electronics, rental of smart home appliances, incorporation of IoT and connected devices.

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Consumer Electronics And Appliances Rental Market Major Segments
The consumer electronics and appliances rental market covered in this report is segmented -

1) By Type: Home Appliances, Refrigerator, Air Cooler, TV (Television), Washing Machine, Others
2) By Distribution Channel: Online, Offline
3) By Application: Personal, Business

Key Driver - Consumer Electronics And Appliance Rental Market Set To Surge With Growing Demand

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 totaled $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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Prominent Trend - AOTO Electronics Launches Innovative Rental Design Led Panel-Sw Series

Product innovations are a key trend gaining popularity in the consumer electronics and appliance rental markets. Companies operating in the consumer electronics and appliance rental market are adopting new technologies to sustain their position in the market. For instance, in October 2022, AOTO Electronics Co., Ltd., a China-based provider of LED display solutions, launched the 'Rental Design LED Panel-SW Series.' It is uniquely designed to be rented out as an outdoor and indoor stage screen for events, trade shows, and theatre, and that aims to provide the perfect visual backdrop. It is suited to touring and ultra-large screen live event applications and with Quick Lock, Auto-Eject, and ergonomic handles, it allows for speedy installation and makes maintenance more convenient.

Consumer Electronics And Appliances Rental Market Players
Major companies operating in the consumer electronics and appliances rental market report are T and T Appliances, Caterpillar Inc., Reliance Retail Limited, Aaron's Inc., Sunstate Equipment Co. LLC, Buddy's Home Furnishings Inc., American Rental, FlexShopper Inc., Mr Rental NZ Pty Ltd, Cort Business Services Corporation, BigRentz Inc., Rentex Corporation, Radio Rentals, Rent-A-Center Franchising International Inc., Cityfurnish Inc., Rent One Inc., Meeting Tomorrow Inc., SmartSource Inc., InnoVent Rental and Asset Management Solutions Ltd., Flex IT Rent BV, GSE Audiovisual Inc., Electro Rent Corporation, Rentacomputer.com Inc., Rentwise LLC, LeaseVille LLC, Rentickle Online Solutions Pvt Ltd, Red Cherry Computer Rentals Inc., Happy Rentz LLC, RentDelite Inc., Rent It Furnished Inc.

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Largest And Fastest Growing Region In The Market
Asia-Pacific was the largest region in the consumer electronics and appliances rental market in 2023. The regions covered in the consumer electronics and appliances rental 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 Electronics And Appliances Rental Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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