First Research US Industry Profile

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Technology & Office Equipment Leasing
SIC Codes: 7359, 7377
NAICS Codes: 532420
Last Quarterly Update: 4/8/2019
Companies in this industry lease technology and office equipment for use in business operations. Major companies include CSI Leasing, Electro Rent, Marlin Business Services, and SmartSource Rentals (all based in the US), along with Fuyo General Lease (Japan) and Syscap (the UK). Major manufacturers such as Hewlett Packard, Canon, and Xerox also offer technology leasing services.
Worldwide PC shipments, an indicator of demand for technology and office equipment leasing, have been declining in recent years, in part because of increased reliance on tablets and smartphones and longer upgrade cycles. Major markets for technology and office equipment leasing include the US and Europe. Demand is expected to grow in the developing markets of Asia, Latin America, and Eastern Europe.
The US technology and office equipment rental and leasing industry includes about 700 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2.4 billion.
Competitive Landscape
Demand is driven by business activity, especially in industries that rely heavily on technology. The profitability of individual companies depends on the merchandising mix and the cost of financing rental inventory. Large companies have economies of scale in buying equipment and having multiple outlets to lease the equipment. Smaller companies can compete by providing specialty products for local markets and superior customer service. The US industry is concentrated: the top 50 companies account for about 85% of revenue.
Competition in the industry is concentrated on price. Companies may compete for customers who prefer to buy new or used equipment rather than lease it.
Products, Operations & Technology
Leasing of computers and peripheral equipment accounts for about 50% of industry revenue; leasing of office machinery, furniture, and fixtures accounts ... plus:
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Historical Profiles (PDF format)

01/07/2019
10/01/2018
07/02/2018
04/02/2018
01/01/2018
09/25/2017
06/26/2017
03/27/2017
12/19/2016
09/19/2016
06/20/2016
03/21/2016
12/14/2015
09/14/2015
06/15/2015
03/09/2015
12/08/2014
09/15/2014
06/23/2014