Not buying it: More choice and competitive pricing are benefiting the industry

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

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Growth in household numbers and income, and more product choices, have benefited the industry
  • New technologies and products have helped stimulate demand for goods from the industry
  • The industry’s growth rate is anticipated to slow down over the next five years
  • Industry Report - Starting a New Business Chapter

    The industry has moderate barriers to entry. These barriers are greatly influenced by the types of products a rental firm offers. For example, industry firms that rent out electronic products need to have access to funds to purchase these products, as well as sufficient cash flow to continue operations. Professional equipment for conferences and events, such as sound and lighting equipment, can also be costly to purchase. The initial outlay required to purchase sufficient volumes of these products to provide a range for customers can be prohibitive for some new rental firms.With a low concentration level, economies of scale are not vital for rental firms to be successful. Most industry firms operate from a single location, and service a small geographic region. Onl...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
  • 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
  • Stable revenue growth
  • Continued demand increases
  • 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
  • Wages
  • Finance leases
  • Depreciation
  • Bad debts
  • Purchases and utilities
  • Rent
  • 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
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • 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 provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

    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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