Equipped for anything: Uncertainty encourages firms to rent equipment rather than purchase

A wide range of companies rent or lease office equipment in order to preserve their cash flow and benefit from tax breaks. Leasing equipment is common for start-ups because it significantly reduces the initial capital outlay involved in getting a business going. Competition to the industry mainly comes from external factors, such as the low price of computers and laptops. Operators also compete with second-hand shops that stock similar equipment, as well as online companies and auction websites that offer equipment at competitive prices.The industry has grown over the past five years, although growth has been slightly volatile. A rising number of business start-ups, which provide a major market for industry operators, has been vital to the industry’s recovery...read more.

Industry Statistics & Market Size
Revenue
£895.2m
Annual Growth 13-18
2.5%
Forecast Growth 18-23
Profit
Employment
2,788
Businesses
391
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Economic uncertainty is expected to encourage firms to rent or lease computer hardware
  • Industry firms offering a smaller product range and focusing on specific niches entered the industry
  • The industry is expected to benefit from higher levels of outsourcing
  • Industry Report - Industry Locations Chapter

    LondonLondon is home to the largest number of establishments in the Office Equipment Rental and Leasing industry, with approximately 19.8% of the total in 2017-18. This is because London is a major business and government centre of the United Kingdom. Therefore, it has an extremely large number of downstream businesses and potential customers. There is also a significant amount of businesses located in London and surrounding areas.The South EastThe South East is also expected to account for 19.8% of industry establishments in 2017-18. The region’s proximity to London makes it an attractive location for industry operators. The...purchase to read more.

    Additional Insights for the Office Equipment Rental & Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office Equipment Rental & Leasing Industry are

  • Ability to attract local support/patronage
  • Ability to control stock on hand
  • Ability to carry out credit checks on clients
  • IBISWorld analysts also discuss how external factors such as Business capital expenditure and Demand from computer and peripheral equipment wholesaling in the Office Equipment Rental & Leasing industry impact industry performance..

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    What's in this report

    What is the Office Equipment Rental & Leasing Industry?

    Firms in the industry rent and lease office machinery and equipment, computers and related peripheral equipment and office furniture.

    Industry Products
  • Desktop, laptop and tablet computers
  • Peripheral computer equipment
  • Office furniture
  • Photocopiers
  • Servers and related equipment
  • Other office equipment
  • Industry Activities
  • Renting and leasing servers and related equipment
  • Renting and leasing desktop, laptop and tablet computers
  • Renting and leasing peripheral computer equipment
  • Renting and leasing office furniture
  • Renting and leasing photocopiers, cash registers and other office equipment
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Business capital expenditure
  • Demand from computer and peripheral equipment wholesaling
  • Number of businesses
  • Government capital expenditure
  • Business confidence index

  • Current Performance
  • Downgrading demand
  • Intense competition
  • Leasing advantages
  • Profitability
  • Chart: Revenue Growth

  • Industry Outlook
  • Opportunities for growth
  • New competition
  • Steady expansion
  • Table: Office Equipment Rental & Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Equipment Rental & Leasing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Banks
  • Accounting & Auditing

  • Key Selling Industries
  • Computer & Peripheral Equipment Wholesaling
  • Financial Leasing
  • Office & Shop Furniture Manufacturing
  • Office Furniture Wholesaling

  • Products & Services
  • Desktop, laptop and tablet computers
  • Servers and related equipment
  • Office furniture
  • Photocopiers
  • Other office equipment
  • Peripheral computer equipment
  • Chart: Office Equipment Rental & Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Small and medium-size enterprises
  • Large companies
  • Government
  • Other
  • Households
  • Chart: Major Market Segmentation for the Office Equipment Rental & Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitDepreciationPurchasesWagesRent and other costs
  • Chart: Cost Structure Benchmarking – Sector vs Office Equipment Rental & Leasing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Equipment Rental & Leasing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Office Equipment Rental & Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Office Equipment Rental & Leasing Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Peripheral Computer Equipment
  • Any non-essential equipment used to give a computer system more features.
  • Long-Term Rental
  • Renting products for a period ranging from a year to five years or longer.
  • Short-Term Rental
  • Renting an item for a period ranging from one day to a year. Rental agreements do not generally allow the customer to buy the product at the end of the rental period.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Office Equipment Rental & Leasing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Office Equipment Rental & Leasing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Office Equipment Rental & Leasing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Office Equipment Rental & Leasing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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