Industry Analysis & Industry Trends
The past five years have provided the Furniture, Appliance and Equipment Rental industry with varying conditions as the industry has mixed reactions towards changes in economic conditions. The industry experienced losses in 2009-10 as the onset of the global financial crisis resulted in falling consumer sentiment and therefore significant declines in private capital expenditure. As the economy began to improve, conditions remained somewhat uncertain and low income earners (including students in particular) looked to rent furniture, appliances and equipment instead of purchasing. Industry operators have also created new rent-to-buy options for consumers to compete further with the retail sector, providing consumers the option to purchase goods after long-term rentals... purchase to read more
Industry Report - Industry Key Buyers Chapter
Industry concentration indicates the extent to which major players dominate the industry. This industry has a low level of ownership concentration with the four largest firms together contributing about 15% of annual industry revenue. The industry comprises many small scale geographically dispersed firms which operating in narrow regional or niche product markets.
The industry includes many non-employing establishments, typically one or two person businesses in which proprietor may function on a full-time or part-time basis. The industry currently comprises about 1,125 employing establishments and about 4,200 total establishments. 90% of employing establishments employ fewer than 20 persons... purchase to read more