$1.4tr
$XXX.Xbn
6m
4m
$XXX.Xbn
Demand for real estate, rental, and leasing services comes from two major downstream markets. Consumers represent the bulk of demand for real estate services, while businesses represent most of the demand for rental and leasing services. There's some overlap in demand, like businesses requiring real estate and the rental of consumer products. From 2019 to 2021, low interest rates supported robust demand for residential real estate and business expansion. However, in 2022, as the Federal Reserve raised interest rates, financing real estate became much more costly. Moreover, the rise in interest rates has slowed down construction activity, a key driver of demand for tool and industrial equipment rental. Nonetheless, revenue has increased at a CAGR of 1.4% to $1.4 trillion over the five years to 2024, including an anticipated 0.7% rise in 2024 alone.
Industry revenue has grown at a CAGR of 1.4 % over the past five years, to reach an estimated $1.4tr in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
United Rentals, Inc. | 8,666.9 | 2,082.8 | 24.0 | |
Avis Budget Group, Inc. | 8,517.7 | 1,470.3 | 17.3 | |
Realogy Holdings Corp. | 6,678.0 | 656.9 | 9.8 |
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Industry revenue is measured across several distinct product and services lines, including Real estate, Rental and leasing and Lessors of nonfinancial intangible assets. Real estate is the largest segment of the Real Estate and Rental and Leasing in the US.
The Real Estate subsector carries the weight
This sector is primarily concerned with operators involved in the management, sale, purchase and rent of real estate. This sector also includes the renting and leasing of tangible goods, such as equipment, and intangible goods, such as patents. It is important to note that operators primarily engaged in commercial mortgages, which are treated as financial instruments, are not included in this industry.
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NAICS 53 - Real Estate and Rental and Leasing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Interest rates can make or break the industry. From 2019 to 2021, low interest rates propped up downstream demand. From 2022 onward, high interest rates have hampered demand ...
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Because of the presence of nonemployers in the Real Estate subsector, concentration is limited. This results in a low concentration level compared to the Rental and Leasing s...
Learn about the performance of the top companies in the industry.
The real estate market functions on a local level. People buy and sell houses in specific neighborhoods and towns. This creates numerous smaller markets rather than one natio...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
High interest rates have caused volatility at the end of the period. Rising rates make it much more costly for consumers and businesses to purchase property, since higher int...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Strong macroeconomic trends bolstered profit through the beginning of the period. Even through COVID-19, strong demand from the residential real estate market kept profit afl...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Real Estate and Rental and Leasing in the US industry in United States is $1.4tr in 2024.
There are 4m businesses in the Real Estate and Rental and Leasing in the US industry in United States, which has grown at a CAGR of 3.5 % between 2019 and 2024.
The market size of the Real Estate and Rental and Leasing in the US industry in United States has been growing at a CAGR of 1.4 % between 2019 and 2024.
Over the next five years, the Real Estate and Rental and Leasing in the US industry in United States is expected to grow.
The biggest companies operating in the Real Estate and Rental and Leasing market in United States are United Rentals, Inc., Avis Budget Group, Inc. and Realogy Holdings Corp.
Real estate and Renting and leasing are part of the Real Estate and Rental and Leasing in the US industry.
The company holding the most market share in United States is United Rentals, Inc..
The level of competition is moderate and increasing in the Real Estate and Rental and Leasing in the US industry in United States.