Technology & Office Equipment Leasing Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 6/17/2024
SIC Codes: 7359, 7377
NAICS Codes: 532420
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from 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, and SmartSource Rentals (all based in the US), and Fuyo General Lease (Japan). Major manufacturers such as Hewlett Packard Enterprise, Canon, and Xerox also offer technology leasing services.

The global machinery leasing market is forecast to reach about $620 billion in 2028 at a compound annual growth rate (CAGR) of 8.7%, according to The Business Research Company. The driving factor was the increasing number of start-ups as major clients of leasing service providers. Start-ups are searching for cost efficient and advanced equipment.

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 $3 billion.


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 highly concentrated: the top 50 companies account for over 85% of revenue.

Competition in the industry is concentrated on price. Companies may compete for customers who prefer to buy new ...

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