Renting and leasing of personal and household goods

isic code 772, 'Renting and leasing of personal and household goods', encompasses a vital industry that plays a significant role in the broader economy. This industry provides individuals and businesses with access to a wide range of personal and household items, enabling them to utilize these goods without the need for outright ownership. By offering rental and leasing services, this industry promotes efficient resource utilization, flexibility, and cost-effectiveness for consumers.

The core activities within this industry involve the acquisition, maintenance, and distribution of a diverse range of personal and household goods. Businesses in this sector typically acquire these items through wholesale purchases or direct manufacturing agreements. They then manage the inventory, ensuring proper storage, maintenance, and availability of the goods for rental or leasing purposes. The distribution of these items to customers is often facilitated through physical retail locations, online platforms, or specialized delivery services.

The main inputs required for the 772 Renting and leasing of personal and household goods industry include a wide variety of personal and household goods, such as furniture, appliances, electronics, sports equipment, and various other consumer durables. Additionally, businesses in this sector require access to storage and logistics infrastructure, as well as skilled personnel to manage the inventory, customer service, and overall operations.

The primary output of the 772 Renting and leasing of personal and household goods industry is the provision of rental and leasing services for personal and household goods. These outputs are consumed by a diverse range of customers, including individuals, households, and businesses. The goods rented or leased through this industry may be utilized for various purposes, such as personal use, event planning, temporary accommodation, or business operations. Other industries that may consume the outputs of this sector include 551 Short term accommodation activities, 931 Sports activities, and 823 Organization of conventions and trade shows.