Companies in this industry lease technology and office equipment for use in business operations. Major companies include CSI Leasing, Electro Rent, Marlin Business Services, and SmartSource Rentals (all based in the US), along with Fuyo General Lease (Japan) and Syscap (the UK). Major manufacturers such as Hewlett Packard, Canon, and Xerox also offer technology leasing services.
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 concentrated: the top 50 companies account for about 85% of revenue.
Products, Operations & Technology
Leasing of computers and peripheral equipment accounts for about 50% of industry revenue; leasing of office machinery, furniture, and fixtures accounts for about 30%.