The Consumer Goods And General Rental Centers Global Market Report 2023 by The Business Research Company, provides consumer goods and general rental centers market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Consumer Goods And General Rental Centers Global Market Report 2023, the market size will grow from $157.36 billion in 2022 to $170.64 billion in 2023 at a compound annual growth rate (CAGR) of 8.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of consumer goods and general rental centers market is expected to grow to $229.6 billion in 2027 at a CAGR of 7.7%.
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, repair furniture, comparative analysis of equipment, product purchasing guide, and home furnishing.
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The consumer goods and general rental centers market is segmented:
1) By Type: Consumer Goods Rental, General Rental Centers
2) By Application: Electronics, Healthcare, Formal Wear and Costume, Video Tape and Disc, Recreational Goods
3) By Distribution Channel: Online, Offline
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. 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.
The consumer goods and general rental centers market report table of contents includes:
- Executive Summary
- Report Structure
- Consumer Goods And General Rental Centers Market Characteristics
- Consumer Goods And General Rental Centers Market Product Analysis
- Consumer Goods And General Rental Centers Market Supply Chain
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- Key Mergers And Acquisitions In The Consumer Goods And General Rental Centers Market
- Market Background: Leasing Market
- Recommendations
- Appendix
- Copyright And Disclaimer
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