DALLAS, April 26, 2015 /PRNewswire-iReach/ -- The rent-to-own (RTO) industry concept was introduced in the 1960's and now RTO has grown into an important sector of the retailing industry. Rent-to-own business offer the facility of long-term leasing to consumers for using goods such as furniture, appliances and various electronic products. The rent-to-own industry has grown over 8,600 stores in the U.S., annually providing service to over four million consumers.

Photo - http://photos.prnewswire.com/prnh/20150424/201461

The report titled "The U.S. Rent-To-Own (RTO) Market: Trends & Opportunities (2014-2019)" provides an in-depth analysis of the US rent-to-own market with detailed analysis of market sizing and growth, market share and economic impact of the industry. The U.S. rent-to-own market is highly fragmented with a large number of small companies holding one-third of the market share. The U.S. rent-to-own market has low penetration rate, presenting big growth opportunities for the small players. Detailed rent-to-own consumer behavior analysis has been presented in this report.

Competition in The U.S. rent-to-own market is stiff and dominated by the big players like Rent-A-Center and Aaron's Inc. Further, key players of the U.S. rent-to-own industry like Rent-A-Center, Aaron's Inc. and Easyhome Limited are also profiled with their financial information and respective business strategies.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the rent-to-own industry. Growth of the overall U.S. rent-to-own industry has also been forecasted for the period 2014-2019, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The core of the RTO arrangement is consumers gain instant access to new or used merchandise - most commonly appliances, electronics or furniture-with neither a credit check nor down payment in exchange for a number of fixed rental payments due either weekly, biweekly, or monthly. A consumer who respects the terms of the contract and pays all rents before acquiring the good leased, generally pays, in total, twice even three times the actual value of the good. Low Income population group because of the low disposable income are expected to rely on the rent-to-own business activities. And the needs of the low-income population will be met by the increased penetration and transparency of the rent-to-own market.

Purchase a copy of this research report at USD 800 (Single User License) http://www.marketreportsonline.com/contacts/purchase.php?name=406481.

The high growth in online penetration is attributed to the proliferation of virtual rent-to-own business activity. As suppliers look for more efficient means of distribution, their participation in the virtual rent-to-own market has increased. With Aaron's largest investment to date in 2014, which it paid for Progressive Financials, a leading virtual RTO provider, the virtual rent to own market has certainly got a new fillip. Progressive is not the only virtual rent-to-own provider, as Rent-A-Center created Acceptance NOW in 2010.

Few points from List of Tables & Figures (http://www.marketreportsonline.com/406481-toc.html) are listed below:

Table 1: Profit Margin of the U.S. Industry
Table 2: Return on Equity of the U.S. Industry
Table 3: The U.S. Rent-to-Own Market: Revenue of Key Players
Table 4: The U.S. Rent-to-Own Market Key Players Business Portfolio
Table 5: Rent-A-Center Segment Details
Table 6: Overview of Easyhome Ltd. Business Segments

Other Related Reports on Consumer Goods Market:

Global Luxury Goods Market Report: 2015 Edition (http://www.marketreportsonline.com/404147.html) Luxury goods refer to products which are commonly characterized by their premium quality, craftsmanship, recognizability, exclusivity and reputation. These high-end goods tend to satisfy socio-psychological needs in greater form and bring esteem to the owner.

Global Smokeless Tobacco Market Report: 2015 Edition (http://www.marketreportsonline.com/404225.html) Smokeless tobacco is tobacco that is not burned. It is also known as chewing tobacco, oral tobacco, spit or spitting tobacco, dip, chew, and snuff. Most people chew or suck (dip) the tobacco in their mouth and spit out the tobacco juices that build up, although "spitless" smokeless tobacco has also been developed.

United Kingdom - Games Consoles (http://www.marketreportsonline.com/405272.html) The UK games consoles market had total revenues of $1,328.1m in 2014, representing a compound annual rate of change (CARC) of -5.1% between 2010 and 2014.Market consumption volumes declined with a CARC of -10% between 2010 and 2014, to reach a total of 3.6 million units in 2014.

Global apparel markets: product developments and innovations, 4th quarter 2014 (http://www.marketreportsonline.com/405159.html) This report analyses some of the latest developments and innovations in the global apparel industry, including: colour trends; finishes for denim fabric; new collections; new dyes; sports apparel; thermoregulating apparel; three-dimensional (3D) printed apparel; and wearable technology.

About Us:

MarketReportsOnline comprises of an online library of 2,50,000 reports and in-depth market research studies of over 5000+ micro markets. We provide 24/7 online and offline support to our customers. Get in touch with us for your needs of market research reports.

Media Contact: Ritesh Tiwari, MarketReportsOnline, + 1 888 391 5441, sales@marketreportsonline.com

News distributed by PR Newswire iReach: https://ireach.prnewswire.com

SOURCE MarketReportsOnline

Copyright 2015 PR Newswire