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 SWOT Analysis Chapter
The Office Equipment Rental and Leasing industry is estimated to be in the mature stage of its life cycle. The industry's contribution to UK GDP, represented as industry value added, is forecast to grow at a compound annual rate of 3.4% in the decade through 2021-22. Meanwhile, the UK economy is expected to expand at a compound annual rate of 2.3% over the same period. This shows that the industry is contributing a growing portion to the overall economy. Although this would usually signal that the industry is in its growth stage, significant revenue increases have been the result of a volatile recovery in the economy and erratic changes in business confidence. Giv.. purchase to read more