Furniture, Appliance and Equipment Rental in Australia - Industry Market Research Report

Thrill of the chaise: Rising household debt and discretionary incomes to give revenue a leg up

Furniture, Appliance and Equipment Rental in Australia

Revenue for the Furniture, Appliance and Equipment Rental industry has declined moderately over the past five years. The industry is partially counter-cyclical, as rental firms can benefit from increased demand when economic conditions are uncertain or weak. However, the COVID-19 pandemic's negative effects directly caused Thorn Group Limited's 62 Radio Rental stores to close in April 2020, and pushed industry demand and revenue lower in 2020-21 and 2021-22. In prior years, low unemployment and positive business confidence hindered demand for rental goods, with more consumers and businesses bypassing the industry and choosing instead to purchase these products.

Companies in the industry rent out a variety of commercial and household goods, equipment, appliances, machinery, and furniture to corporate clients and consumers. Industry firms generally rent out these products on behalf of equipment manufacturers and wholesalers. Equipment manufacturers and wholesalers are therefore not usually included in the industry. While industry firms can provide finance leasing, this is not the main part of their business.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.