Industry Analysis & Industry Trends
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 mainly comes from external factors, such as the low price of computers and laptops. Rivalry exists in the form of second-hand stores that stock similar equipment and online companies and auction websites that offer equipment at competitive prices.
The Office Equipment Rental and Leasing industry has recovered well over the past five years, although a faltering economic recovery has caused some volatility. A... purchase to read more
Industry Report - Industry Analysis Chapter
Though demand has been somewhat erratic as a result of a faltering economic recovery, revenue in the Office Equipment Rental and Leasing industry is expected to have improved over the past five years. An upsurge in capital investment by businesses at the beginning of the period supported growth after a period of decline. However, competition from wholesalers of computer and office equipment began to intensify as businesses became more confident in the improving economy and the advantages of renting became less significant. Nevertheless, as a result of the soaring demand at the start of the period, revenue is forecast to grow at a compound annual rate of 5.4% over the five years through 2016-17. In the current year, it is expected to expand at a slower rate of 1.3% t.. purchase to read more