Well furnished: Positive business confidence and consumer sentiment have bolstered demand

Revenue for the Furniture, Appliance and Equipment Rental industry has risen at a slow pace over 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. Lower unemployment, limited growth in household discretionary income and declining household debt have hindered demand growth for rental goods over the period.Industry revenue is expected to grow at an annualised 1.0% over the five years through 2018-19, reaching $6.3 billion. This includes anticipated growth of 2.7% in the current year, with higher household debt and positive business confidence contributing to revenue growth...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 14-19
1.0%
Forecast Growth 19-24
Profit
Employment
24,790
Businesses
7,773
Market Share of Companies

Industry Threats & Opportunities

  • Growth in business and household numbers has provided a larger potential market for the industry
  • Video gaming has emerged as an important market, with demand increasing for the latest consoles
  • Rental companies are likely to cut costs to compete with retailers offering similar goods online
  • Industry Report - Industry Locations Chapter

    The geographic distribution of industry enterprises generally corresponds with the spread of the national population and business numbers. The industry is dominant on the eastern seaboard, with the three main states accounting for 77.9% of industry enterprises in the current year, and 77.1% of industry revenue and 77.0% of the national population. However, the industry is underrepresented in New South Wales, which has approximately 28.4% of industry enterprises, with 32.0% of the national population and 31.7% of industry revenue in the current year. This trend is due to the state having larger rental companies compared with the national average to reach a larger population.In contrast, Queensland is overrepresented, comprising about 25.1% of enterprises, but only containing 20.1% o...purchase to read more.

    Additional Insights for the Furniture, Appliance and Equipment Rental Industry

    IBISWorld has determined the most important Key Success Factors for the Furniture, Appliance and Equipment Rental are:

  • Prompt delivery to market
  • Ability to carry out credit checks on clients
  • Marketing of differentiated products
  • IBISWorld analysts also discuss how external factors such as Number of businesses and Business confidence index in the Furniture, Appliance and Equipment Rental industry impact industry performance..

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    What's in this report

    What is the Furniture, Appliance and Equipment Rental Industry?

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

    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
  • Office equipment and machinery rental
  • Bike and camping equipment rental
  • Hand tools and DIY equipment rental
  • Artwork, pot plant, amusement machine, and other goods rental
  • Pallet rental (from own stocks)
  • Suit and costume rental
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of businesses
  • Business confidence index
  • Number of households
  • Demand from online shopping
  • Household debt to assets ratio
  • Real household discretionary income

  • Current Performance
  • Weak industry growth
  • Technological change
  • Rent-to-buy options
  • Student rentals
  • Chart: Revenue Growth

  • Industry Outlook
  • Pricing and demand
  • Industry opportunities
  • Industry expansion
  • 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

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

  • Demand Determinants
    Major Markets
  • Businesses
  • Households
  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • 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
    Fuji Xerox Australia Pty Limited,
  • Table: Fuji Xerox Australia Pty Limited - financial performance

  • 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
    Table: Industry Data for the Furniture, Appliance and Equipment Rental Industry
    Includes:
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Wages (2010-2024)
  • Purchases (2010-2024)
  • Profit (2010-2024)
  • Depreciation (2010-2024)
  • Rent (2010-2024)
  • Utilities (2010-2024)
  • Other (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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.
  • 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 merchandise 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 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.

    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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