Technology & Office Equipment Leasing Industry Profile

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), and Fuyo General Lease (Japan). Major manufacturers such as Hewlett Packard, Canon, and Xerox also offer technology leasing services.

In a long time, there have been positive signs of growth for the first time in worldwide PC shipments after its declining phase. The driving factor was the demand for Windows 10 upgrades in the US, Europe, the Middle-East, and Africa (EMEA), and Japan, according to Garter. 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 820 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2.9 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 ...