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 observed in the historical period can be attributed to factors such as economic conditions, housing market activity, the health of the construction industry, seasonal demand, environmental regulations, and 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 anticipated growth in the forecast period can be attributed to factors such as sustainability practices, integration with e-commerce, circular economy initiatives, compliance with health and safety standards, and the rental of smart home devices. Major trends expected in the forecast period include innovations in the supply chain, the adoption of subscription-based models, flexible rental terms, the integration of technology, customer loyalty programs, and collaborations with manufacturers.
With the increase in mobile phone and internet penetration, the widespread use of online portals and mobile applications for renting or leasing goods has become prevalent. These platforms provide users with interfaces to browse products and select the ones they wish to rent. The offerings on online leasing portals range from various types of products to platforms specializing in a single product. For example, PricewaterhouseCoopers reports that approximately 44% of US adults are familiar with the sharing economy, encompassing leasing. This market is anticipated to grow from $15 billion in 2014 to an estimated $335 billion by 2025.
The growing demand for construction activities is expected to drive the expansion of the consumer goods and general rental centers market. Construction involves assembling various elements to create structures at specific locations, following a detailed design and plan. Consumer goods and general rental centers play a crucial role in supporting the construction industry, providing cost-effective access to a diverse range of equipment and tools. This, in turn, helps construction companies conserve capital, reduce operational costs, and enhance flexibility in project management. For example, in March 2021, building activities in New Zealand increased by 3.7%, as reported by Stats NZ Tatauranga Aotearoa, indicating a surge in construction demand and contributing to the growth of the consumer goods and general rental centers market.
Consumer goods and general rental centers are increasingly investing in marketing their products through How-to and DIY videos shared on online channels. These videos encompass do-it-yourself guides, tips on using their products, decorating, and furniture repair, along with comparative analyses of equipment and purchasing guides. Major companies such as Home Depot, Gillman Homecenter, Lowe’s DesignHub, Aaron’s, and Rent-A-Center are actively providing such valuable content to their online consumers.
Major companies in the consumer goods and general rental centers market are adopting new technologies such as Rent Online and Pick-up In-Store (ROPIS). Rent Online, Pick-up In-Store technology combines the convenience of online shopping with the immediacy of in-store pick-up, enabling 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. An example is The Home Depot, which unveiled Rent Online, Pick-up In Store technology in June 2021. This innovative approach saves time for professional and do-it-yourself customers, allowing them to check equipment availability, reserve what they need in advance, and streamline their visits to rental centers.
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.
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 countries covered in the consumer goods and general rental centers market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa. The consumer goods and general rental centers (equipment rental centers) market consists of revenues earned by entities that are engaged in renting out or leasing personal and household-type goods such as consumer electronics and appliances rental, formal wear and costume rental, videotape and video games rental, other consumer goods rental, audiovisual equipment rental, contractors and builders tools, and equipment rental. Establishments in this market generally provide short-term rental although, in some instances, the goods may be leased for longer periods of time. These establishments often operate from a retail-such as or storefront facility. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The main types of consumer goods and general rental centers (equipment rental centers) include public organizations, private organizations, and individuals. Public organizations refer to not-for-profit economic development groups or any non-profit organization that sponsors or promotes community or tourism activities and events. Private organizations and individuals are also involved in consumer goods and general rental services. These services cater to various needs, including electronics, healthcare, formal wear, costume video tape and disc, and recreational goods. Distribution channels for these rental services include both online and offline platforms.
The consumer goods and general rental centers (equipment rental centers) market research report is one of a series of new reports that provides consumer goods and general rental centers (equipment rental centers) market statistics, including consumer goods and general rental centers (equipment rental centers) industry global market size, regional shares, competitors with a consumer goods and general rental centers (equipment rental centers) market share, detailed consumer goods and general rental centers (equipment rental centers) market segments, market trends and opportunities, and any further data you may need to thrive in the consumer goods and general rental centers (equipment rental centers) industry. This consumer goods and general rental centers (equipment rental centers) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
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 anticipated growth in the forecast period can be attributed to factors such as sustainability practices, integration with e-commerce, circular economy initiatives, compliance with health and safety standards, and the rental of smart home devices. Major trends expected in the forecast period include innovations in the supply chain, the adoption of subscription-based models, flexible rental terms, the integration of technology, customer loyalty programs, and collaborations with manufacturers.
With the increase in mobile phone and internet penetration, the widespread use of online portals and mobile applications for renting or leasing goods has become prevalent. These platforms provide users with interfaces to browse products and select the ones they wish to rent. The offerings on online leasing portals range from various types of products to platforms specializing in a single product. For example, PricewaterhouseCoopers reports that approximately 44% of US adults are familiar with the sharing economy, encompassing leasing. This market is anticipated to grow from $15 billion in 2014 to an estimated $335 billion by 2025.
The growing demand for construction activities is expected to drive the expansion of the consumer goods and general rental centers market. Construction involves assembling various elements to create structures at specific locations, following a detailed design and plan. Consumer goods and general rental centers play a crucial role in supporting the construction industry, providing cost-effective access to a diverse range of equipment and tools. This, in turn, helps construction companies conserve capital, reduce operational costs, and enhance flexibility in project management. For example, in March 2021, building activities in New Zealand increased by 3.7%, as reported by Stats NZ Tatauranga Aotearoa, indicating a surge in construction demand and contributing to the growth of the consumer goods and general rental centers market.
Consumer goods and general rental centers are increasingly investing in marketing their products through How-to and DIY videos shared on online channels. These videos encompass do-it-yourself guides, tips on using their products, decorating, and furniture repair, along with comparative analyses of equipment and purchasing guides. Major companies such as Home Depot, Gillman Homecenter, Lowe’s DesignHub, Aaron’s, and Rent-A-Center are actively providing such valuable content to their online consumers.
Major companies in the consumer goods and general rental centers market are adopting new technologies such as Rent Online and Pick-up In-Store (ROPIS). Rent Online, Pick-up In-Store technology combines the convenience of online shopping with the immediacy of in-store pick-up, enabling 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. An example is The Home Depot, which unveiled Rent Online, Pick-up In Store technology in June 2021. This innovative approach saves time for professional and do-it-yourself customers, allowing them to check equipment availability, reserve what they need in advance, and streamline their visits to rental centers.
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.
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 countries covered in the consumer goods and general rental centers market report are Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa. The consumer goods and general rental centers (equipment rental centers) market consists of revenues earned by entities that are engaged in renting out or leasing personal and household-type goods such as consumer electronics and appliances rental, formal wear and costume rental, videotape and video games rental, other consumer goods rental, audiovisual equipment rental, contractors and builders tools, and equipment rental. Establishments in this market generally provide short-term rental although, in some instances, the goods may be leased for longer periods of time. These establishments often operate from a retail-such as or storefront facility. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The main types of consumer goods and general rental centers (equipment rental centers) include public organizations, private organizations, and individuals. Public organizations refer to not-for-profit economic development groups or any non-profit organization that sponsors or promotes community or tourism activities and events. Private organizations and individuals are also involved in consumer goods and general rental services. These services cater to various needs, including electronics, healthcare, formal wear, costume video tape and disc, and recreational goods. Distribution channels for these rental services include both online and offline platforms.
The consumer goods and general rental centers (equipment rental centers) market research report is one of a series of new reports that provides consumer goods and general rental centers (equipment rental centers) market statistics, including consumer goods and general rental centers (equipment rental centers) industry global market size, regional shares, competitors with a consumer goods and general rental centers (equipment rental centers) market share, detailed consumer goods and general rental centers (equipment rental centers) market segments, market trends and opportunities, and any further data you may need to thrive in the consumer goods and general rental centers (equipment rental centers) industry. This consumer goods and general rental centers (equipment rental centers) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Table of Contents
1. Executive Summary2. Consumer Goods and General Rental Centers Market Characteristics4. Consumer Goods and General Rental Centers Market Trends and Strategies68. Global Consumer Goods and General Rental Centers Market Competitive Benchmarking69. Global Consumer Goods and General Rental Centers Market Competitive Dashboard70. Key Mergers and Acquisitions in the Consumer Goods and General Rental Centers Market
3. Consumer Goods and General Rental Centers Product/Service Analysis -Product/Service Examples
5. Consumer Goods and General Rental Centers Market - Macro Economic Scenario
6. Global Consumer Goods and General Rental Centers Market Size and Growth
7. Consumer Goods and General Rental Centers Market Segmentation
8. Consumer Goods and General Rental Centers Market Regional and Country Analysis
9. Asia-Pacific Consumer Goods and General Rental Centers Market
10. China Consumer Goods and General Rental Centers Market
11. India Consumer Goods and General Rental Centers Market
12. Japan Consumer Goods and General Rental Centers Market
13. Australia Consumer Goods and General Rental Centers Market
14. Indonesia Consumer Goods and General Rental Centers Market
15. South Korea Consumer Goods and General Rental Centers Market
16. Bangladesh Consumer Goods and General Rental Centers Market
17. Thailand Consumer Goods and General Rental Centers Market
18. Vietnam Consumer Goods and General Rental Centers Market
19. Malaysia Consumer Goods and General Rental Centers Market
20. Singapore Consumer Goods and General Rental Centers Market
21. Philippines Consumer Goods and General Rental Centers Market
22. Hong Kong Consumer Goods and General Rental Centers Market
23. New Zealand Consumer Goods and General Rental Centers Market
24. Western Europe Consumer Goods and General Rental Centers Market
25. UK Consumer Goods and General Rental Centers Market
26. Germany Consumer Goods and General Rental Centers Market
27. France Consumer Goods and General Rental Centers Market
28. Italy Consumer Goods and General Rental Centers Market
29. Spain Consumer Goods and General Rental Centers Market
30. Austria Consumer Goods and General Rental Centers Market
31. Belgium Consumer Goods and General Rental Centers Market
32. Denmark Consumer Goods and General Rental Centers Market
33. Finland Consumer Goods and General Rental Centers Market
34. Ireland Consumer Goods and General Rental Centers Market
35. Netherlands Consumer Goods and General Rental Centers Market
36. Norway Consumer Goods and General Rental Centers Market
37. Portugal Consumer Goods and General Rental Centers Market
38. Sweden Consumer Goods and General Rental Centers Market
39. Switzerland Consumer Goods and General Rental Centers Market
40. Eastern Europe Consumer Goods and General Rental Centers Market
41. Russia Consumer Goods and General Rental Centers Market
42. Czech Republic Consumer Goods and General Rental Centers Market
43. Poland Consumer Goods and General Rental Centers Market
44. Romania Consumer Goods and General Rental Centers Market
45. Ukraine Consumer Goods and General Rental Centers Market
46. North America Consumer Goods and General Rental Centers Market
47. USA Consumer Goods and General Rental Centers Market
48. Canada Consumer Goods and General Rental Centers Market
49. Mexico Consumer Goods and General Rental Centers Market
50. South America Consumer Goods and General Rental Centers Market
51. Brazil Consumer Goods and General Rental Centers Market
52. Chile Consumer Goods and General Rental Centers Market
53. Argentina Consumer Goods and General Rental Centers Market
54. Colombia Consumer Goods and General Rental Centers Market
55. Peru Consumer Goods and General Rental Centers Market
56. Middle East Consumer Goods and General Rental Centers Market
57. Saudi Arabia Consumer Goods and General Rental Centers Market
58. Israel Consumer Goods and General Rental Centers Market
59. Iran Consumer Goods and General Rental Centers Market
60. Turkey Consumer Goods and General Rental Centers Market
61. United Arab Emirates Consumer Goods and General Rental Centers Market
62. Africa Consumer Goods and General Rental Centers Market
63. Egypt Consumer Goods and General Rental Centers Market
64. Nigeria Consumer Goods and General Rental Centers Market
65. South Africa Consumer Goods and General Rental Centers Market
66. Consumer Goods and General Rental Centers Market Competitive Landscape and Company Profiles
67. Consumer Goods and General Rental Centers Market Other Major and Innovative Companies
71. Consumer Goods and General Rental Centers Market Future Outlook and Potential Analysis
72. Appendix
Executive Summary
Consumer Goods and General Rental Centers Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on consumer goods and general rental centers market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for consumer goods and general rental centers? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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 Companies Mentioned: Toyota Motor Corporation; The Home Depot Inc.; SK Inc.; Menard Inc.; United Rentals Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- 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
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 300 |
| Published | February 2024 |
| Forecast Period | 2024 - 2028 |
| Estimated Market Value ( USD | $ 183.54 Billion |
| Forecasted Market Value ( USD | $ 250.37 Billion |
| Compound Annual Growth Rate | 8.1% |
| Regions Covered | Global |
