Switched on: Pricing deflation has contributed to higher margins for industry operators

The Home Appliance Rental industry has performed moderately well over the past five years. As living standards have increased and more people have looked to enhance their lifestyles with the latest and most innovative consumer products, demand for home appliances has grown. Appliance pricing deflation has reduced the price of many imported home appliances, enabling more consumers to purchase kitchen, laundry and home electrical goods. However, some people are unable or unwilling to buy these products outright due to lower incomes, high debt or an aversion to purchasing depreciating goods. Instead, these people prefer to rent home appliances from industry operators.The industry rents out an extensive range of home appliances to consumers in various market segments...read more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25
Market Share of Companies

Industry Threats & Opportunities

  • Appliance pricing deflation has reduced the prices of many imported home appliances
  • Price deflation across a range of home appliances has contributed to higher profit margins
  • Industry revenue growth is anticipated to slow due to continued price deflation
  • Industry Report - Starting a New Business Chapter

    The industry has medium entry barriers for new firms. Having sufficient capital to acquire a suitable range of home appliances to rent out is the main obstacle. With relatively low interest rates to fund product acquisitions, new companies are generally able to purchase the required products to establish a business and gain customers. Lower prices to acquire goods, particularly cheaper imports due to pricing deflation, have helped to limit the industry's entry barriers.However, these positive factors for new firms have been partially offset by higher wage, rent and utility costs over the past five years, and cheaper retail prices for home appliances. Pri...purchase to read more.

    Additional Insights for the Home Appliance Rental Industry

    IBISWorld has determined the most important Key Success Factors for the Home Appliance Rental are:

  • Having a wide and expanding product range
  • Ability to provide goods/services in diverse locations
  • Ability to carry out credit checks on clients
  • IBISWorld analysts also discuss how external factors such as Demand from domestic appliance retailing and Household debt to assets ratio in the Home Appliance Rental industry impact industry performance..

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    What's in this report

    What is the Home Appliance Rental Industry?

    Companies in the industry rent out domestic appliances and electronic equipment (excluding computers) to consumers and businesses. The industry excludes operators that primarily sell these products on a retail basis.

    Industry Products
  • Home entertainment appliance rentals
  • Other appliance rentals
  • Laundry appliance rentals
  • Kitchen appliance rentals
  • Post-rental home appliance sales
  • Industry Activities
  • Renting out home appliances
  • Renting out electronic equipment (excluding computers)
  • Renting out kitchen appliances
  • Renting out laundry appliances
  • Renting out second-hand home appliances
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Demand from domestic appliance retailing
  • Household debt to assets ratio
  • Trade-weighted index
  • Demand from domestic appliance repair and maintenance
  • Number of households

  • Current Performance
  • Industry scope
  • Revenue growth
  • Profit growth
  • Industry consolidation
  • Chart: Revenue Growth

  • Industry Outlook
  • Revenue growth
  • Further profit growth
  • New firms
  • Table: Home Appliance Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Appliance Rental Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial Vehicle Wholesaling
  • Computer and Computer Peripheral Wholesaling
  • Domestic Appliance Repair and Maintenance
  • Household Appliance Wholesaling

  • Products & Services
  • Kitchen appliance rentals
  • Home entertainment appliance rentals
  • Laundry appliance rentals
  • Post-rental home appliance sales
  • Other appliance rentals
  • Chart: Home Appliance Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 35 to 44
  • Consumers aged 24 and younger
  • Consumers aged 45 to 54
  • Consumers aged 25 to 34
  • Consumers aged 55 to 64
  • Consumers aged 64 and older
  • Chart: Major Market Segmentation for the Home Appliance Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Home Appliance Rental

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Appliance Rental Industry

  • Industry Globalization
    Thorn Group Limited,
  • Table: Thorn Group Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Home Appliance Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Home Appliance Rental Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Computerised Inventory Tracking
  • A system that allows firms to manage rental stock use, monitor popular products, carry out database queries and manage inventory effectively.
  • Leasing
  • An agreement between a leasing company and a client where the client takes ownership of the home appliances at the end of the lease period after payment of a pre-determined residual value.
  • Rental-Purchase Agreement
  • A type of flexible purchase agreement that allows a customer to take ownership of home appliances after an agreed-upon rental period.
  • Renting
  • An agreement between a rental company and a client where the client chooses to return the home appliances at the end of the rental period, or purchase the appliances outright.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Home Appliance Rental market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Home Appliance Rental:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Home Appliance Rental market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Home Appliance Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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