Computer & Printer Leasing in the US - Market Research Report (2014-2029)

The industry services a wide variety of clients, including private businesses, households and the government. Instead of leasing equipment, many are more likely to purchase equipment outright since the price of computers and peripheral equipment has steadily declined and interest rates have been low. The industry faces high levels of both internal and external competition. The need for up-to-date technology alongside an extended period of low interest rates benefited the industry, as these make it advantageous for consumers and businesses to rent or lease computers. But, with the COVID-19 pandemic, many operators have either cancelled or postponed unnecessary expenditures, including further leasing computer and printer equipment, slowing revenue growth. Computer & printer leasing revenue has been growing at an annualized 1.9% over the past five years – including an estimated 0.2% drop in the current year – and is expected to total $4.2 billion in 2023, with profit margins set to drop to 19.7%.Computer & printer leasing revenue is expected to drop at an annualized 0.3% to $4.2 billion over the five years to 2028, when profit margins are estimated to drop to 19.7%. Demand for traditional computer and printer rental and leasing will likely be decelerated by the declining price of computers and the increasing popularity of other products, such as smartphones and tablet computers. Moreover, increased interest rates are expected to further slowdown the economy, as it increases the overall cost of renting office products.