After a period of declines related to decreasing business sentiment and rising interest rates, the industry is expected to move forward over the next five years. As businesses become more confident and look to new technology like multifunction centers (MFCs) to edge out competition, revenue will benefit. Still, some businesses will be slower to adapt to the improving economy and hold on to existing equipment longer than usual.
This industry includes companies that lease or rent office machinery and equipment such as computers, printers, office furniture, copiers, facsimile (fax) machines and multifunction equipment. Lease terms may allow for an upgrade of the equipment during the lease period, purchase of equipment at an agreed residual price, servicing of equipment and supply of consumables, such as printer and toner cartridges.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.