How large is the consumer goods and general rental centers market, and what is its growth trajectory?
The consumer goods and general rental centers market size has grown strongly in recent years. It will grow from $177.54 billion in 2024 to $193.29 billion in 2025 at a compound annual growth rate (CAGR) of 8.9%. The growth in the historic period can be attributed to economic conditions, housing market activity, construction industry health, seasonal demand, environmental regulations, consumer awareness.
The consumer goods and general rental centers market size is expected to see strong growth in the next few years. It will grow to $264.5 billion in 2029 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to sustainability practices, e-commerce integration, circular economy initiatives, health and safety compliance, smart home device rentals. Major trends in the forecast period include supply chain innovations, subscription-based models, flexible rental terms, integration of technology, customer loyalty programs, collaborations with manufacturers.
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What have been the primary factors driving the consumer goods and general rental centers market’s growth?
With the rise in mobile phone and internet penetration, online portals and mobile applications are being widely used to rent or lease goods. These mobile applications and online portals consist of an interface that enables users to view products and choose the desired one to be rented. The online leasing portals may offer various types of products or specialize in a single product. Major products being widely offered for lease through online portals include electronics, furniture, appliances, cameras, and others. For instance, according to PricewaterhouseCoopers, around 44% of US adults are familiar with the sharing economy which includes leasing and this market is expected to increase from $15 billion in 2014 to $335 billion by 2025.
What are the key segments within the consumer goods and general rental centers market?
The consumer goods and general rental centers market covered in this report is segmented –
1) By Type: Consumer Goods Rental, General Rental Centers
2) By Distribution Channel: Online, Offline
3) By Application: Electronics, Healthcare, Formal Wear And Costume, Video Tape And Disc, Recreational Goods
Subsegments:
1) By Consumer Goods Rental: Furniture Rental, Electronics Rental, Apparel Rental, Sports Equipment Rental, Baby And Kids’ Products Rental, Party And Event Rental
2) By General Rental Centers: Equipment Rental, Construction And Industrial Equipment Rental, Tool Rental, Machinery Rental, Lawn And Garden Equipment Rental
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Which key players are shaping the consumer goods and general rental centers market?
Major companies operating in the consumer goods and general rental centers market include The Home Depot Inc., SK Inc., Menard Inc., United Rentals Inc., Rent-A-Center Inc., Chep (USA) Inc., JCDecaux Group, Herc Holdings Inc., Sunbelt Rentals Inc., Aaron’s Inc., H&E Equipment Services Inc., United Site Services Inc., Neff Rental LLC, BlueLine Rental LLC, HSS Hire Group plc, EVI Industries lnc., Ahern Rentals Inc., Sunstate Equipment Co. LLC, Compressor Systems Inc., 1-800-Pack-rat LLC, BigRentz Inc., Rental One, Red-D-Arc lnc.
How will emerging trends drive the consumer goods and general rental centers market throughout the forecast period?
Consumer goods and general rental centers are increasingly investing in marketing their products through How-to and DIY videos and tips through online channels. DIY or Do-it-yourself and How-to sections on their websites include methods to use their products, decorate, and repair furniture, comparative analysis of equipment, product purchasing guide, and home furnishing. For instance, Home Depot, a general goods rental service store, has a YouTube channel and webpage dedicated to these videos. Gillman Homecenter, Lowe’s DesignHub, Aaron’s, and Rent-A-Center are among the major companies that provide such tips, guides, and videos for their online consumers.
How do regional factors impact the consumer goods and general rental centers market, and which region is the largest contributor?
The countries covered in the consumer goods and general rental centers market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
What Does The Consumer Goods And General Rental Centers Market Report 2025 Offer?
The consumer goods and general rental centers market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Consumer goods rental refers to a place for renting out essential consumer and homeowner products for a specified period. General rental centers refer to a place for renting general equipment, such as construction tools, for a specified period. The consumer goods and general rental centers rent out or lease personal and household-type goods for short-term rental although, in some instances, the goods may be leased for longer periods.
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