Consumer Product Rental

First Research, Inc.
October 6, 2014
10 Pages - SKU: FRRS5345578
Countries covered: United States

Consumer Product Rental

Brief Excerpt from Industry Overview Chapter:

Companies in this industry rent personal and household goods, primarily for short periods but also under longer-term arrangements. Major US companies include Aaron's, Netflix, and Rent-A-Center.

The global rental and leasing industry has focused on emerging economies for expansion. China is an important market for rentals because of the growth of disposable income for the middle class. Other emerging markets include the Middle East, Brazil, and Eastern Europe.

In the US, the consumer product rental industry includes about 12,000 companies with combined annual revenue of about $22 billion.

Examples of products rented by companies in the industry include consumer electronics and appliances, DVDs, formal wear, home health equipment, and recreational goods.

COMPETITIVE LANDSCAPE

Demand is driven by personal income and the timing and popularity of new movie releases. The profitability of individual companies depends on the right merchandise mix and inventory financing costs. Large companies have advantages in economies of scale in purchasing, distribution, and advertising. Small companies compete effectively by providing superior customer service and catering to local demographics. The US industry is concentrated: the largest 50 companies account for about 70 percent of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major services include renting DVDs (about 35 percent of revenue); home health equipment (20 percent); and consumer electronics and appliances (10 percent). Other products rented include furniture, formal wear and costumes, party supplies, and recreational equipment.

Physical DVD rentals continue to be popular despite the increased use of digital and streaming content....



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