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(MoneyNewsWire.Net, July 26, 2018 ) Consumer goods and general rental centres market comprises establishments rent-out of consumer electronics, electrical appliances, home health equipment, recreational goods, formal clothes and costumes, and other goods. Establishments in consumer goods rental industry group generally provide short-term rental but the goods may be leased for longer periods of time and those in general rental industry group typically perform from comfortably located facilities where they maintain inventories of goods and equipment that they rent for short periods of time.
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The global consumer goods and general rental centres market was valued at $204 billion in 2017. Among regional markets, Asia Pacific was the largest geographic region in the market, accounting for two-fifth of the global market share.
The market in the report is segmented into: consumer goods rental and general rental centres.
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The USA was the largest country in the market, accounting for one-fifth of the global consumer goods and general rental centres market.
The top five competitors in the market are: Aaron's followed by Outerwall, Rent-A-Center, Home Essentials and LOVEFiLM. Aaron's Inc. is a lease-to-own retailer. The company focuses on leases and retail sales of furniture, electronics, appliances, and computers. In 2014, Aaron's completed the acquisition of Progressive Finance, increasing their market share in both the traditional rent-to-own (RTO) industry and the emerging virtual rent-to-own (RTO) space [no citation].
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