India electric appliance rental
market is anticipated to grow at an impressive rate during the forecast period
on account of increasing working class population and rising disposable income.
Factors such as increase in the trend of renting instead of purchasing electric
appliance and need of electric appliance for immediate short-term needs are
propelling the growth of the electric appliance rental market in India.
India electric appliance rental
market can be segmented based on category, business model, end use, tenure and
region. On the basis of tenure, market can be segregated into upto 1 year, 1-2
year and over 2 years. Among them, 1-2 year is the preferred duration of
renting as people prefer purchasing electric appliance instead of renting one.
Based on the category, market can be segmented into refrigerator, television,
microwave, washing machine, air conditioners, air cooler and others. Among
these, air cooler and washing machine registered high volume in terms of
renting.
Some of the companies operating in
India electric appliance rental market are Rentomojo, CityFurnish, Furlenco,
Rentickle, GrabOnRent, RentOnGo, Pepperfry, Fabrento, Guarented, among others.
In the last few years, electric appliance rental market has witnessed emergence
of several new start-ups such as RentOnGo, Fabrento, among others.
Additionally, customers from tier 1 cities are witnessing significant adoption
of electric appliance rental. After the success of electric appliance rental in
tier 1 cities, companies are eyeing tier 2 and tier 3 cities in order to
increase their share.
Years
considered for this report:
Historical Years: 2014-2017
Base Year: 2018
Estimated Year: 2019
Forecast Period: 2020–2024
Objective of the
Study:
- To analyze and forecast the market size of India
electric appliance rental market.
- To classify and forecast India electric
appliance rental market based on business model, category, end use,
tenure and regional distribution.
- To identify drivers and challenges for India electric
appliance rental market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in India
electric appliance rental market.
- To identify and analyze the profile of leading
players operating in the India electric appliance rental market.
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TechSci Research performed both primary as well as
exhaustive secondary research for this study. Initially, TechSci Research
sourced a list of service providers across the country. Subsequently, TechSci
Research conducted primary research surveys with the identified companies.
While interviewing, the respondents were also enquired about their competitors.
Through this technique, TechSci Research could include the service providers which
could not be identified due to the limitations of secondary research. TechSci
Research analyzed the service providers, distribution channels and presence of all
major service providers across the country.
TechSci Research calculated the market size of India electric appliance rental
market by using a bottom-up approach, where
data for various end-user segments was recorded and forecast for the future
years. TechSci Research sourced these values from the industry experts and
company representatives and externally validated through analyzing historical
data of these product types and applications for getting an appropriate,
overall market size. Various secondary sources such as company websites, news
articles, press releases, company annual reports, investor presentations and
financial reports were also studied by TechSci Research.
Key Target Audience:
- Electric appliance rental companies
and other stakeholders
- Research organizations and
consulting companies
- Government bodies such as
regulating authorities and policy makers
- Organizations, forums and
alliances related to electric appliance rental market
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as service providers and partners, end users, etc.,
besides allowing them in strategizing investments and capitalizing on market opportunities.
Report Scope:
In this report, India electric appliance
rental market has been segmented into following categories, in addition to
the industry trends which have also been detailed below:
- Market, By Business Model:
- Self Inventory
- Tie-Up With Various Vendor
- Verified Vendor
- Market, By Category:
- Refrigerator
- Television
- Microwave
- Washing Machine
- Air Conditioner
- Air Cooler
- Others
- Market, By End Use:
- Market, By Tenure:
- Upto 1 Year
- 1-2 Year
- Over 2 Years
- Market, By Region:
- North Region
- South Region
- East Region
- West Region
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present in India electric appliance rental market.
Available
Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and
profiling of additional market players (up to five).
It is an upcoming report to
be released soon. If you wish an early delivery of this report or want to
confirm the date of release, please contact us at [email protected]