$6.3bn
$XXX.Xm
22,218
8,073
$XXX.Xm
The Furniture, Appliance and Equipment Rental industry has struggled at times in recent years. Revenue is expected to have declined at an annualised 2.7% over the five years through 2023-24, to $6.31 billion. However, this trend includes an anticipated rise of 0.3% in the current year, due to demand and revenue rising across key downstream markets like businesses and households. Enterprise and establishment numbers have grown slightly, as more specialised providers emerged to cater to specific segments. High capital costs and requirements to upgrade electronic equipment and appliances have prompted some rental companies to exit the industry, offsetting further growth in enterprise and establishment numbers.
Industry revenue has declined at a CAGR of 2.7 % over the past five years, to reach an estimated $6.3bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 |
---|---|---|
Harry The Hirer | 126.0 | |
Rent4keeps (Aust) Pty Ltd | 125.1 | |
Ferrari East | 96.6 |
To view the market share and analysis for all 9 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Electronic equipment rental, Party equipment rental and Appliance rental. Electronic equipment rental is the largest segment of the Furniture, Appliance and Equipment Rental in Australia.
Increased household and business demand boosts demand for electronic equipment rental
Companies in the industry rent out a variety of commercial and household goods, equipment, appliances, machinery, and furniture to corporate clients and consumers. These rental companies generally rent out these products on behalf of equipment manufacturers and wholesalers.
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ANZSIC 6639 - Furniture, Appliance and Equipment Rental in Australia
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The COVID-19 pandemic has significantly impacted the Furniture, Appliance and Equipment Rental industry. The impact ranges from reduced downstream market demand due to pandem...
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A lack of international student and migrant population growth, combined with remote working trends during the pandemic, has weakened the furniture rental market. A rise in ho...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Victoria, known as the education state, has significant demand for rental services due to its large student population. A considerable student turnover creates a continuous n...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The internet and numerous online platforms have empowered consumers when it comes to choosing between rental services. The ease of comparing prices across multiple companies ...
Learn about the performance of the top companies in the industry.
A lack of major companies in the industry is due to its fragmented nature and diverse services. Different rental services require varying product knowledge, making it challen...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The Hire and Rental Industry Association operates as a network and support system for Australian rental businesses. The association plays a key role in fostering professional...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Depreciation costs in the industry are primarily driven by technological obsolescence. Rapid technological advancements, especially in electronics, force rental companies to ...
Including values and annual change:
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Key data sources in Australia include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Furniture, Appliance and Equipment Rental industry in Australia is $6.3bn in 2024.
There are 8,073 businesses in the Furniture, Appliance and Equipment Rental industry in Australia, which has grown at a CAGR of 0.6 % between 2018 and 2023.
The market size of the Furniture, Appliance and Equipment Rental industry in Australia has been declining at a CAGR of 2.7 % between 2018 and 2023.
Over the next five years, the Furniture, Appliance and Equipment Rental industry in Australia is expected to grow.
The biggest companies operating in the Furniture, Appliance and Equipment Rental market in Australia are Harry The Hirer, Rent4keeps (Aust) Pty Ltd and Ferrari East
Electronic equipment rental and Furniture rental are part of the Furniture, Appliance and Equipment Rental industry.
The company holding the most market share in Australia is Harry The Hirer.
The level of competition is high and increasing in the Furniture, Appliance and Equipment Rental industry in Australia.