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2024 U.S. Industry Statistics & Market Forecast - Consumer Electronics and Appliances Rental
Market Size & Industry Statistics
The total U.S. industry market size for Consumer Electronics and Appliances Rental:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Consumer Electronics and Appliances Rental industry include:- Increasing demand for temporary tech solutions
- Shift towards eco-friendly and energy-efficient appliances
- Growth in subscription-based business models
- Rising urbanization and smaller living spaces
- Technological advancements and IoT integration
- Growing preference for renting over owning
- Economic uncertainties influencing consumer spending
- Expansion of online rental platforms and services
- Regulatory changes affecting product standards and rentals
- Changing consumer attitudes towards shared economy
- Impact of COVID-19 on rental preferences and hygiene standards
- Increased use of data analytics for customer insights and inventory management
Product & Services Breakdown
Research products and services in the Consumer Electronics and Appliances Rental industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Rental And Leasing Of Home Entertainment Electric And Electronic Equipment, Components, And Accessories, Except Computers And Pe |
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Rental And Leasing Of Household Type Appliances |
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Rental And Leasing Of Household Furniture And Furnishings |
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Rental And Leasing Of Office Machinery, Furniture, And Equipment |
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Rental And Leasing Of Computers And Peripheral Equipment |
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Other Services |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Consumer Electronics and Appliances Rental company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Consumer Electronics and Appliances Rental industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Consumer Electronics and Appliances Rental measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 8% | Order at top of page |
||
| Top Executives | 6% | |||
| Chief Executives | 0% | |||
| General and Operations Managers | 6% | |||
| General and Operations Managers | 6% | |||
| Sales and Related Occupations | 26% | |||
| Retail Sales Workers | 18% | |||
| Counter and Rental Clerks and Parts Salespersons | 17% | |||
| Counter and Rental Clerks | 16% | |||
| Office and Administrative Support Occupations | 12% | |||
| Installation, Maintenance, and Repair Occupations | 16% | |||
| Vehicle and Mobile Equipment Mechanics, Installers, and Repairers | 9% | |||
| Transportation and Material Moving Occupations | 26% | |||
| Motor Vehicle Operators | 11% | |||
| Driver/Sales Workers and Truck Drivers | 10% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Consumer Electronics and Appliances Rental Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Consumer Electronics and Appliances Rental industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Consumer Electronics and Appliances Rental industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Consumer Electronics and Appliances Rental industry. |
Source:
Innovation News
- Jan 30, 2024: Dakcomp trademarks "WORK HARD PLAY HARD" - Vehicle rental
- Nov 23, 2023: Nep Bexel patents Passively Cooled Modular Battery Power Station
- Oct 13, 2023: Nep Bexel trademarks "SALT-E DOG" - Scientific apparatus and instruments for surveying, measuring and signalling the power of batteries; batteries; electric batteries; digital batteries; lithium-ion batteries; lithium-ion cells; batteries for lighting; batteries and battery chargers
- Oct 13, 2023: Nep Bexel trademarks "SALT-E DOG" - Scientific apparatus and instruments for surveying, measuring and signalling the power of batteries; batteries; electric batteries; digital batteries; lithium-ion batteries; lithium-ion cells; batteries for lighting; batteries and battery chargers
- Sep 07, 2023: Mantis Tech patents Firearm Training Apparatuses, Systems And Methods Of Using
- Aug 31, 2023: Mantis Tech patents Training Magazine
- Jul 07, 2023: Lera Investment Technologies raises $25 million in funding.
- Apr 27, 2021: CRS Group raises $1 million in funding.
- Oct 16, 2020: Hanover Bank raises $25 million in funding.
Recent Federal Contracts for Consumer Electronics and Appliances Rental
- Mar 20, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $21,920
- Mar 18, 2024: GREEN GENERATION SOLUTIONS, LLC (Bethesda, MD) awarded $2,134,819
- Feb 27, 2024: ALLIANCE AUDIO VISUAL LTD CO (Albuquerque, NM) awarded $54,958
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