Computer Rental & Leasing Market
Computer Rental & Leasing Market Analysis By Service ( Laptop & Tablet Rental & Leasing, Other Accessories), By Solution (Rent, Lease), By Application (Commercial, Retail), By Region - Global Market Insights 2022 to 2032
Analysis of Computer Rental & Leasing market covering 30 + countries including analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Computer Rental & Leasing Market Outlook (2022-2032)
The global computer rental & leasing market stands at US$ 4.5 billion in 2022 and is projected to reach US$ 5.5 billion by 2032, progressing at a CAGR of 2.1% during the forecast period (2022-2032).
Computer rental & leasing accounted for nearly 10% share of the global enterprise hardware rental market at the end of 2021.
Report Attributes |
Details |
---|---|
Computer Rental & Leasing Market Size (2021A) |
US$ 4.4 Billion |
Estimated Market Value (2022E) |
US$ 4.5 Billion |
Forecasted Market Value (2032F) |
US$ 5.5 Billion |
Global Market Growth Rate (2022-2032) |
~2.1% CAGR |
North America Market Share (2021) |
~38% |
East Asia Market Growth Rate (2022-2032) |
~2.8% CAGR |
United States Market Growth Rate (2022-2032) |
~2.2% CAGR |
Market Share of Top 5 Companies |
~20% |
Key Companies Profiled |
|
Know thy Competitors
Competitive landscape highlights only certain players
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Growing Popularity of Computer Rental & Leasing Services
Computers are an essential tool for business. Renting out computer devices can help in saving money, cut down repair & maintenance costs, and enhance employee productivity. Computer rental service providers ensure the security of data for organizations and maintain operational continuity without any functionality disturbance, which is the main factor driving the growth of these services.
The global spread of COVID-19 resulted in the rise of computer rental companies, with the market growing 25%-30%. As the remote and hybrid working culture grew across organizations worldwide, it stimulated the demand for rental computers.
- Short Term (2022-2025): Post-COVID, the demand for computer rental services has grown drastically. With the surging trend of remote and hybrid working, rental computer services have seen positive demand from the corporate and entertainment sectors.
- Medium Term (2025-2028): The leisure & entertainment industry is expected to drive potential demand during this period. Asia Pacific and North America will be highly fragmented markets with the increasing popularity of the gaming & streaming sectors, which will boost the demand for computer rental services.
- Long Term (2028-2032): Remote and hybrid working models have resulted in an increase in the work efficiency of employees and are a cost-effective method for many organizations. Therefore, they may follow this culture, which will stimulate the demand for rental computer services. Favorable government moves to enhance the employment rate will be another factor creating lucrative growth opportunities for market players over the long term.
The global market for computer rental & leasing registered a CAGR of 1.8% from 2017 to 2021, as per the detailed industry analysis by Fact.MR, a market research and competitive intelligence provider. Looking ahead, the market is projected to exhibit growth at 2.1% CAGR between 2022 and 2032.
Market share analysis of computer rental & leasing based on service and region. Under the service segment, laptop rental & leasing dominates with 61% market share in 2022.
Why is There a Steady Increase in Computer Rental & Leasing Services?
“Worldwide Increase in Working Population”
The increasing working population worldwide is expected to drive market growth.
- According to a study by the World Bank Group, the global working population has grown significantly during 2011-2021, at around 8%. Despite the adverse effects of COVID-19 on large as well as small & medium organizations, the worldwide working population stood at 3.45 billion in 2021.
With the increasing working population, demand for commercial equipment has seen drastic growth. Equipment such as computers and laptops are core to every organization, and these have crucial utility in almost every section of an organization. Therefore, the growing working population is expected to be the major factor that will drive the demand for computer rental & leasing services.
“Companies Moving to Hybrid & Remote Work Models”
COVID-19 is expected to have an outrageous impact on the demand for computer rental & leasing. During the COVID-19 pandemic, many companies moved to remote working and hybrid working models, as organizations such as Dropbox, TripAdvisor, Facebook, etc., have implemented remote work models, which resulted in the renting out of computers and laptops by employees and companies.
Notable trends before COVID-19 such as rising streaming services, gaming, and user-generated content have seen drastic growth due to the pandemic. For instance, online data consumption increased by 30% during the pandemic. From 2020 till now, around US$ 29.40 billion worth of video games has been sold in the United States, with a noticeable increase of 23%.
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What Could Hamper the Demand for Rental & Leasing Computers?
“High-cost burden of Leasing Computers”
Leasing equipment may cause an excessive cost burden to the user. Depending on the lease terms, users are required to make payments for the entire leasing period, even if they do not use the equipment. This factor can limit market growth over the coming period. Moreover, in the long run, leasing can be more expensive than buying equipment. For example, buying a computer could cost around US$ 4,000; however, renting or leasing a computer for US$ 160 per month for three may cost US$ 5,760.
Moreover, stringent leasing policies could be a challenging factor for market growth. Rental & leasing terms can be complicated to negotiate; users are required to use the equipment according to the leasing company’s specifications, go through complex paperwork, and need to disclose certain financial & non-financial information to the lender, which may result in additional costs to the user.
Country-wise Insights
Increasing Working Population to Push U.S. Computer Rental & Leasing Market Growth
The United States computer rental market is currently estimated at US$ 1.4 billion and is expected to reach US$ 1.8 billion by 2032.
The growing working population in the United States is one of the leading factors driving market growth. Despite investing in new computers and laptops, many employers opt for rental services to provide devices to employees. It is a cost-effective solution for small & medium organizations that have less liquidity.
Continuous advancements in technology are another factor stimulating the U.S. computer rental services market. Consumers look for computers with the latest technologies and prefer to have upgraded versions of machines with them. Affording an advanced-featured computer is a huge cost burden to consumers, thereby increasing the popularity of rental and leasing services.
China’s Computer Rental & Leasing Service Market to Be Highly Fragmented
The streaming & gaming industry is highly fragmented in China, which will result in significant demand for rental computers. Streaming & gaming requires a computer with a high-end configuration, which is a costly affair. As such, streamers look for rental computers to avoid excessive purchase costs.
Moreover, the lower maintenance cost of rental computers is another factor attributed to market growth. Also, increasing work-from-home & remote working models in the country will positively impact market growth in China.
Category-wise Insights
Global Demand for Laptop/ Tablet Rental & Leasing Got the Pandemic Push
The swelling working population and growing consumer awareness about the introduction of novel technologies are primary factors stimulating the demand for rental laptops.
Consumers, these days, are opting for cross-functional devices with high-end configurations, which has vitalized the development of multifunctional devices. This factor is projected to drive the demand for rental laptops in the commercial sector.
The laptop rental & leasing segment accounts for a share of 61% in 2022 and is expected to be worth 3.4 billion by the end of 2032.
Commercial Sector to Dominate Global Computer Rental & Leasing Market
The commercial sector accounts for a leading share of 62% of the global computer rental services market.
Work-from-home and online classes cultures have seen a drastic rise during 2020-2021. Therefore, rental computers gained huge popularity to conduct conference & business sessions, educational sessions, training seminars, and others.
Various businesses observed a decrease in sales and cash flow during the COVID-19 pandemic, and, as such, rental computer devices were the optimum solution for organizations to cut down excessive costs incurred on buying new computers. As a result, the commercial sector has seen high usage of rental & leasing computers and is projected to offer lucrative growth opportunities during the forecast period.
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Competitive Landscape
Prominent computer rental & leasing service providers are Technocorp Australia, All-Set Rentals, ALOC, APEX, Aria AV, Computer Junction, Computermiete.de GmbH & Co. KG, Computer-Rental, FlexIT Rent, Global Nettech, IET Innovative edge technologies, Mieux Technologies Pvt. Ltd., ORIX Rentec, Rush computer rentals, SmartSource, Sumo Technologies Pvt. Ltd., System-Rent A. Kreitz KG, United IT Services, Vernon Computer Source, Aaron's Inc., and Rent A Center Inc De
The computer rental services market is highly competitive with new computer rental service providers frequently entering the market. These new, as well as established market players, are offering devices with the latest configurations to enhance their market presence among clients.
- In January 2021, Capital Power Backup, a rental service provider in India, announced the launch of a computer-on-rent service in Delhi, NCR, India. This service will be available for all households and businesses. It will include a computer on rent with i3, i5 and i7 processors.
- In March 2022, France-based start-up Fleet announced the start of new computer and smartphone rental services on a monthly fee for businesses and Individuals.
- In February 2022, Cityfurnish, a furniture rental firm, announced the launch of laptop rental services. This initiative aims to expand the company’s service offerings and allow it to enter a new domain - 'electronics'.
Fact.MR has provided detailed information about the service provider of Computer Rental & Leasing positioned across regions, revenue growth, and service offering expansion, in the recently published report.
Segmentation of Computer Rental & Leasing Market
-
By Service :
- Computer Rental & Leasing
- Laptop & Tablet Rental & Leasing
- Other Accessories (Monitors, Servers, Printers)
-
By Solution :
- Rent
- Long Term
- Short Term
- Lease
- Long Term
- Short Term
- Rent
-
By Application :
- Commercial
- Conference & Business Sessions
- Temporary Office Setups
- Training Seminars
- Tests & Exam Setups
- Educational Sessions
- Retail
- Individual
- Gaming & Streaming
- Commercial
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- MEA
- FAQs -
Which computer rental & leasing service is most popular?
Laptop & tablet rental & leasing services account for 61% share of the global market.
What is the market forecast for 2032?
Global demand for computer rental & leasing is anticipated to reach US$ 5.5 billion by 2032.
At what rate did demand for computer rental & leasing increase historically?
From 2017 to 2021, revenue from computer rental & leasing increased at 1.8% CAGR.
Which regional market accounts for the highest revenue generation?
North America leads the global computer rental & leasing market accounting for 38% share.
What is the worldwide computer rental & leasing market size?
The global computer rental & leasing market is valued at US$ 4.5 billion in 2022.