Appliances Rental Market Size, Development, Revenue, Share, Future Growth, Business Prospects, Analysis and Forecast-COVID-19 Impact Analysis

Kenneth Research added a report on Appliances Rental Market into the repository of market research reports. The report includes in-depth analysis on the growth drivers, expansion opportunities, restraints and challenges and the recent trends in the market. The market is anticipated to grow at a CAGR of 9.87% during the forecast period, i.e., 2022-2031.  

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Appliances Rental Market products.

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The Report Title Appliances Rental Market has been added by Kenneth Research, provides detailed insights of the market scenario which is further classified on the basis of market size and market volume, along with the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2021-2025.

According to recent research study conducted by Kenneth Research, The global Appliances Rental Market reached USD 3,906.46 Million in 2017. Moreover, the market is expected to garner USD 8,219.00 Million by the end of 2025 by registering a CAGR of 9.87% across the globe. The global demand for Appliances Rental is increasing on the back of rising millennial population around the globe. Further, frequent change in employment locations of the present generation is increasing the adoption rate of rental appliances.

“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Leading Players of Global Market:

Some of the leading companies in this market are Rent-A-Center, Aaron’s Inc., CORT (a Berkshire Hathway Company), among others.

North America is slated to account for a share of 21.10% by 2025 in the Appliances Rental market. The growth in the region can be attributed to increase in expats population over the forecast period which is also expected to impel the growth of Appliances Rental market in the North America. U.S. is the prominent market driving the growth in the region. Additionally, U.S. Appliances Rental market reached USD 734.94 Million in 2017 and is expected to reach USD 1,510.50 Million by the end of 2025, expanding at a CAGR of 9.55% over the forecast period i.e. 2019-2025. U.S. Appliances Rental market is expected to achieve Y-o-Y growth rate of 9.88% in 2025 as compared to previous year.

Global Appliances Rental market is segmented on the basis of appliances type into built-in & freestanding dishwashers, built-in & freestanding fridge freezers, built-in & freestanding freezers, built-in & freestanding fridges, built-in hobs, cooker hoods, built-in & freestanding automatic washing machines, built-in & freestanding microwaves, cookers, ovens and others. Among these segments, freestanding fridge freezers segment (16.36% share in 2017) occupies the largest market of Appliances Rental across the globe. Further, freestanding fridge freezers segment is anticipated to reach USD 1,499.85 Million by the end of 2025 from USD 639.14 Million in 2017.

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“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Moreover, this segment is anticipated to flourish at a CAGR of 11.38% over the forecast period. In addition freestanding fridge freezers is expected to achieve Y-o-Y growth rate of 11.71% in 2025 as compared to previous year.
Global Appliances Rental market is segmented on the basis of distribution channel into online & offline channels. Among these segments, Offline segment (76.91% share in 2017) occupied the largest market of Appliances Rental on the basis of distribution channel across the globe.

Further, global online segment is anticipated to reach USD 1,963.69 Million by the end of 2025 from USD 902.16 Million in 2017. Moreover, this segment is anticipated to flourish at a CAGR of 10.34% over the forecast period.

Few Points From Table of Content:

1. Introduction
1.1. Market Definition
1.2. Market Segmentation
1.3. Product Overview
2. Assumptions and Acronyms
3. Research Methodology
3.1. Variables (Dependent and Independent)
4. Executive Summary-Global Appliances Rental Market
5. PESTLE Analysis
6. Policy and Regulatory Landscape
7. Industry Analysis
7.1. Porter’s Five Forces Model
8. Market Dynamics
8.1. Drivers
8.2. Restraints
8.3. Trends
8.4. Opportunities
9. Risk Analysis
9.1. Demand Risk Analysis
9.2. Supply Risk Analysis
10. Global Appliances Rental Market Outlook
10.1. Market Size and Forecast, 2017-2025F
10.1.1. By Value (USD Million) & Y-o-Y Growth (%), 2018-2025F
10.2. Market Share and Forecast, 2017-2025F
10.2.1. By Appliances Type (%), (2017, 2025F) ….Conti..

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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