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.
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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.
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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
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