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United States Rent-to-Own Markets 2021-2025 - Rising Virtual Market / Rising Disposable Income / Growing Millennial Population

DUBLIN, Sept. 24, 2021 /PRNewswire/ -- The "The US Rent-to-Own Market: Size and Forecasts with Impact Analysis of COVID-19 (2021-2025 Edition)" report has been added to ResearchAndMarkets.

DUBLIN, Sept. 24, 2021 /PRNewswire/ -- The "The US Rent-to-Own Market: Size and Forecasts with Impact Analysis of COVID-19 (2021-2025 Edition)" report has been added to ResearchAndMarkets.com's offering.

The report provides an in-depth study of the US rent-to-own industry with detailed analysis of impact of COVID-19, market size in terms of value, distribution channel and number of stores.

The US rent-to-own market has shown rising trends over the past few years and gained more prominence in 2020 and the coming years due to the outbreak of COVID-19. Furthermore, the market is projected to progress further during the forecasted period (2021-2025).

Growth in the market in the last decade was supported by factors such as heightened urbanization, improved GDP, significant population of international migrants and increased usage of virtual rent to own platforms.

Boost in internet penetration, spike in number of smartphone users and increased importance of e-commerce distribution channel are some of the latest trends existing in the market. These trends are expected to boost the market during the forecasted period.

The pandemic has made social distancing and stay at home, the new normal throughout the country. In these tough times, more and more people are expected to make RTO transactions online for essential commodities like computers and other appliances.

Moreover, the report also assesses the key opportunities in the market and outlines the factors that are and would be driving the growth of the industry. Growth of the overall US rent to own market has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

The US rent-to-own industry is highly fragmented but dominated by only two major players namely Rent-A-Center and Aaron's Inc. The report also provides company profiling of goeasy Ltd. and FlexShopper Inc. which briefs about business overview, and financial summary of these major companies.

Company Coverage

  • Rent-A-Center
  • Aaron's Inc.
  • goeasy Ltd.
  • FlexShopper Inc.

Key Topics Covered: 1. Executive Summary 2. Introduction2.1 Rent-to-Own2.1.1 Rent-To-Own: An Overview2.1.2 Rent-To-Own: Advantages and Disadvantages2.2 Consumer Protection2.2.1 Consumer Protection Provision

  • Federal Laws
  • States Rent -to-Own Legislation
  • States without RTO Legislation

2.3 Rent-to-Own Laws2.3.1 Types of Law

  • Pricing Restriction
  • Required Disclosures

2.4 Rent-to-Own Components2.4.1 Components of Rent-to-Own Agreement

  • Rental Agreement
  • Option to Purchase

2.5 Transaction Structure 3. The US Market Analysis3.1 North America Rent to Own Market: An Analysis3.1.1 North America Rent to Own Market by Countries (The US and Rest of North America)3.2 The US Rent to Own Market Analysis3.2.1 The US Rent to Own Market by Value3.2.2 The US Rent to Own Market Value by Distribution Channel (Ecommerce and Bricks and Mortar)3.2.3 The US Rent to Own Market by Number of Stores3.2.4 The US E-Commerce Rent to Own Market by Value 4. Impact of COVID-194.1 Economic Impact of COVID-194.1.1 The Economic Effects of COVID-194.2 Response of Industry Players to COVID-19 5. Market Dynamics5.1 Growth Drivers5.1.1 Spike in Urbanization5.1.2 Significant Population of International Migrants5.1.3 Surging GDP Growth5.1.4 Rising Disposable Income5.1.5 Growing Millennial Population5.1.6 Rising Virtual Rent-to-Own Market5.2 Challenges5.2.1 Dependency on Vendors, Suppliers and Products5.2.2 Lack of Customer Security5.2.3 Low Profit Margin5.3 Market Trends5.3.1 Hike in Internet Penetration5.3.2 Rollout of Smartphone as New Category5.3.3 Rapid Pace in Technological Advancements 6. Competitive Landscape6.1 The US Rent to Own Market Players: A Financial Comparison6.2 The US Rent to Own Market Players Comparison6.3 The US Rent to Own Market Players by Number of Stores 7. Company Profiles7.1 Business Overview7.2 Financial Overview7.3 Business Strategy

  • Aaron's Inc.
  • FlexShopper Inc.
  • Rent-A-Center Inc.
  • goeasy Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/bfz2jf

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SOURCE Research and Markets