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Appliances Rental Market Size and New Opportunities 2021 – Share, Global Trends and Future Scope Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Appliances Rental Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

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)
3.2. MULTI FACTOR BASED SENSITIVITY MODEL
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..

Download Sample of This Strategic Report-:
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About Kenneth Research:

Kenneth Research is a reselling agency that provides market research reports which consist of various insights into the market for investors and companies willing to expand their businesses in industries such as Healthcare and Pharmaceuticals, Chemicals, ICT and Telecom, Energy and Power, Automotive and Transportation and several others. Our collaboration with a number of market research publishers allows our buyers to fulfill all their requirements by understanding the research objective and providing information on all research areas including regions and market segments.

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James Bullock is a Research Expert with a demonstrated history of working in the professional training & coaching industry. Strong professional skilled in business strategy , Strategic Planning, Research Strategy, and Marketing. also have interest in new innovations and technology

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