Overview

Well furnished: High household debt levels have encouraged consumers to rent instead of buy

IBISWorld’s Furniture, Appliance and Equipment 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.

REPORT SNAPSHOT

Market Share of Companies
Industry Statistics & Market Size
Revenue
$4bn
Annual Growth
2012 - 2017
1.6%
Annual Growth
2017 - 2022
Profit
Employment
19,790
Business
8,514

Industry Threats & Opportunities

  • High household debt levels have resulted in increased demand for rental goods
  • Rental companies can capitalise on business demand for rapidly evolving computer technology
  • Home entertainment technology is advancing rapidly, which is helping drive rental demand

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    Industry Analysis & Industry Trends

    The Furniture, Appliance and Equipment Rental industry has grown at a moderate rate in the past five years. The industry is partially counter-cyclical, as rental firms generally benefit from increased demand when economic conditions are uncertain or weak. Increased unemployment, growth in real household discretionary income and high household debt levels (particularly by historical standards) over the past five years have resulted in increased demand for rental goods due to the lower outlay required. Additionally, some larger industry operators have created new rent-to-buy options to compete with the retail sector. These products provide consumers with the ability to purchase goods after long-term rentals...

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    Industry Report - Industry Locations Chapter

    The geographic distribution of industry establishments generally corresponds with the spread of the national population and business numbers. Overall, the industry is dominant on the eastern seaboard, with the three main states accounting for 77.4% of industry establishments in 2016-17, 77.1% of industry revenue and 77.0% of the national population. However, the industry is under-represented in New South Wales which has approximately 28.2% of establishments, with 32.0% of the national population and 32.3% of industry revenue in 2016-17. This is due to the state having larger rental companies compared to the national average that reach a larger population.

    In contrast, Queensland is over-represented, comprising about 25.7% of establishments yet only containing 20.1% o..

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    Additional Insights for the Furniture, Appliance and Equipment Rental Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Furniture, Appliance and Equipment Rental Industry are

  • Prompt delivery to market
  • Provision of superior after-sales service
  • Ability to carry out credit checks on clients
  • IBISWorld analysts also discuss how external factors such as Household debt to assets ratio and Number of households in the Furniture, Appliance and Equipment Rental industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Furniture, Appliance and Equipment Rental Industry?

    Companies in the industry rent out a variety of household goods, equipment, appliances and furniture to consumers and corporate clients.

    Industry Products
    Electronic equipment rental
    Party equipment rental
    Appliance rental
    Furniture rental
    Clothing rental
    Other product rentals and sales
    Industry Activities
    Domestic appliance rental
    Furniture rental
    Sporting equipment rental
    Computers and computer peripheral equipment rental
    Electronic equipment rental
    Suit and costume rental
    Hand tools and DIY equipment rental
    Bike, artwork, amusement machine and other household goods rental

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Household debt to assets ratio
  • Number of households
  • Real household discretionary income
  • Demand from online shopping
  • National unemployment rate
  • Number of businesses

  • Current Performance
  • Industry growth
  • Counter-cyclical demand
  • Technological change
  • Rent-to-buy options
  • Student rental
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Furniture, Appliance and Equipment Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Furniture, Appliance and Equipment Rental Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Professional, Scientific and Technical Services
  • Public Administration and Safety
  • Health Services
  • Consumers

  • Key Selling Industries
  • Clothing Wholesaling
  • Computer and Computer Peripheral Wholesaling
  • Furniture and Floor Covering Wholesaling
  • Household Appliance Wholesaling
  • Toy and Sporting Goods Wholesaling

  • Products & Services
  • Electronic equipment rental
  • Furniture rental
  • Appliance rental
  • Party equipment rental
  • Clothing rental
  • Other product rentals and sales
  • Chart: Furniture, Appliance and Equipment Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Households
  • Businesses
  • Government agencies
  • Other sectors
  • Chart: Major Market Segmentation for the Furniture, Appliance and Equipment Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Wages
  • Finance leases
  • Depreciation
  • Purchases
  • Rent
  • Utilities
  • Bad debts
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Furniture, Appliance and Equipment Rental

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Furniture, Appliance and Equipment Rental Industry

  • Industry Globalization
    Major Companies
    Thorn Group Limited
  • Table: Thorn Group Limited - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture, Appliance and Equipment Rental Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

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

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Furniture, Appliance and Equipment Rental Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Computerised Inventory Tracking
  • A computerised tracking system that allows firms to manage rental stock use, monitor popular styles, carry out database queries and manage inventory effectively.
  • Rental-Purchase Agreement
  • A type of flexible purchase agreement that allows a customer to take ownership of merchandise after an agreed-upon rental period.
  • Set-Top Box
  • A device that connects to a TV and an external source of signal, turning the signal into content that is displayed on the TV screen.
  • Why buy this report?

    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 Furniture, Appliance and Equipment 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 Furniture, Appliance and Equipment 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 Furniture, Appliance and Equipment Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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