New lease on life: Innovation and technological advances have driven demand for rentals

The Furniture, Appliance and Equipment Rental industry has performed well over the past five years, with growth in household discretionary income and the steadily increasing number of households providing a solid foundation for greater rental demand. Although these positive factors can lead to more households purchasing furniture, appliances and equipment, they also greatly benefit renting and leasing firms. Furthermore, as credit card debt has declined as a proportion of discretionary income over the past five years, households are focusing on paying off their credit cards, which increases the likelihood of renting goods rather than purchasing them outright. This lower credit card debt has benefited the industry...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 14-19
8.7%
Forecast Growth 19-24
Profit
Employment
4,300
Businesses
1,951
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • The continual release of new products and updates to existing models have helped stimulate demand
  • New technologies and products have helped stimulate demand for goods from the industry
  • The industry’s growth rate is anticipated to slow as favourable economic conditions hinder demand
  • Industry Report - Industry Key Buyers Chapter

    The Furniture, Appliance and Equipment Rental industry has a low concentration level, with the four largest firms expected to account for approximately 10% of revenue in 2018-19. The industry is highly fragmented, with no single entity accounting for a major portion of the industry. However, some product segments have a moderate concentration level, such as marquee rentals and suit hire, with specialist firms supplying these goods.Industry concentration has remained relatively stable over the past five years. Most industry firms service a narrow geographic region, and focus on a specific range of goods and services. Furthermore, merger and acquisitions activity has been minimal over the past five years. The...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
  • Offering clients a range of payment options
  • Ability to attract local support/patronage
  • IBISWorld analysts also discuss how external factors such as Number of households and Real household discretionary income 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 in New Zealand Industry?

    Industry firms rent and lease out a range of household and commercial goods, appliances, equipment, recreational goods, tools and other miscellaneous products.

    Industry Products
  • Furniture rental
  • Electronic equipment rental
  • Domestic appliance rental
  • Other goods rental
  • Industry Activities
  • Computers and computer peripheral equipment rental
  • Hiring or leasing pallets (from own stocks)
  • Pot plant hire
  • Furniture and exhibition products rental
  • Hand tools and DIY equipment rental
  • Hiring or renting bicycles
  • Household appliance rental
  • Bike, artwork, camping, amusement machine and other goods rental
  • Party and sporting equipment rental
  • 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 households
  • Real household discretionary income
  • Business confidence index
  • National unemployment rate
  • Number of businesses
  • Ratio of credit card debt to discretionary income

  • Current Performance
  • Downstream market strength
  • Strong revenue growth
  • Enterprises and employment
  • Chart: Revenue Growth

  • Industry Outlook
  • Continued demand increases
  • Stable revenue growth
  • Enterprises and employment
  • 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
  • Consumers in New Zealand

  • Key Selling Industries
  • Clothing and Footwear Wholesaling in New Zealand
  • Commercial Vehicle Wholesaling in New Zealand
  • Computer and Computer Peripheral Wholesaling in New Zealand
  • Furniture and Floor Covering Wholesaling in New Zealand
  • Household Appliance Wholesaling in New Zealand

  • Products & Services
  • Electronic equipment rental
  • Furniture rental
  • Domestic appliance rental
  • Other goods rental
  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Finance leases
  • Wages
  • Depreciation
  • Bad debts
  • Rent
  • Purchases and utilities
  • 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
    There are no major players in this industry. This report includes analysis of other companies.
    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)

  • 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
  • A long-term 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 predetermined residual value.
  • Renting
  • A short-term 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 in New Zealand market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 in New Zealand:
    • 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 in New Zealand 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 in New Zealand, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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