Tools commonly used in the Video Games-Renting & Leasing industry for day-to-day tasks and operations.

• Game consoles (e.g. PlayStation, Xbox, Nintendo Switch)
• Controllers (e.g. DualShock, Xbox Wireless Controller, Joy-Con)
• Virtual reality headsets (e.g. Oculus Rift, HTC Vive, PlayStation VR)
• Gaming chairs
• Gaming keyboards and mice
• Gaming monitors
• Gaming microphones
• Gaming capture cards
• Gaming routers
• Gaming headsets

Common products and services typical of NAICS Code 532282-04, illustrating the main business activities and contributions to the market.

• Video game rental
• Video game leasing
• Online video game rental
• Video game subscription service
• Video game streaming service
• Video game kiosk rental
• Video game truck rental
• Video game party rental
• Video game arcade leasing
• Video game console rental

The specific certifications, permits, licenses, and regulatory compliance requirements within the United States for this industry.

• ESRB Rating: The Entertainment Software Rating Board (ESRB) is a self-regulatory organization that assigns age and content ratings to video games. The ESRB rating is required for all video games sold in the US. The ratings range from "Early Childhood" to "Adults Only". The ESRB also provides content descriptors that indicate the type of content that may be objectionable to some consumers.
• Business License: A business license is required to operate a video game rental and leasing business in the US. The requirements for obtaining a business license vary by state and locality. The license is typically issued by the city or county where the business is located.
• Sales Tax Permit: A sales tax permit is required to collect and remit sales tax on video game rentals and leases in the US. The requirements for obtaining a sales tax permit vary by state. The permit is typically issued by the state's department of revenue.
• Zoning Permit: A zoning permit is required to operate a video game rental and leasing business in the US. The requirements for obtaining a zoning permit vary by state and locality. The permit is typically issued by the city or county where the business is located.
• Consumer Protection Laws: Consumer protection laws regulate the advertising, marketing, and sale of video games in the US. The Federal Trade Commission (FTC) is the primary agency responsible for enforcing consumer protection laws.

A concise historical narrative of NAICS Code 532282-04 covering global milestones and recent developments within the United States.

• The "Video Games-Renting & Leasing" industry has its roots in the 1970s when video games were first introduced. The first video game rental store was opened in 1982 in the United States, and it was called "Video Station". The industry grew rapidly in the 1990s with the introduction of new gaming consoles and the rise of home entertainment systems. In the early 2000s, the industry faced a decline due to the rise of online gaming and the availability of games on the internet. However, the industry adapted to the changing market and shifted its focus to renting and leasing games for consoles and PCs. In recent years, the industry has seen a resurgence due to the popularity of retro gaming and the rise of esports. In the United States, the "Video Games-Renting & Leasing" industry has a more recent history. The industry started to gain traction in the early 2000s, and it grew rapidly in the mid-2000s due to the popularity of gaming consoles like the Xbox and PlayStation. The industry faced a decline in the late 2000s due to the rise of online gaming and the availability of games on the internet. However, the industry adapted to the changing market and shifted its focus to renting and leasing games for consoles and PCs. In recent years, the industry has seen a resurgence due to the popularity of retro gaming and the rise of esports.

The anticipated future trajectory of the NAICS 532282-04 industry in the USA, offering insights into potential trends, innovations, and challenges expected to shape its landscape.

• Growth Prediction: Stable

  The video games renting and leasing industry in the USA is expected to experience a decline in the coming years due to the increasing popularity of digital game downloads and streaming services. However, the industry is expected to remain relevant due to the continued demand for physical copies of games, particularly from collectors and enthusiasts. Additionally, the industry may benefit from the increasing popularity of retro gaming and the demand for classic games. Overall, the industry is expected to face challenges but may find opportunities in niche markets and by adapting to changing consumer preferences.

Recent groundbreaking advancements and milestones in the Video Games-Renting & Leasing industry, reflecting notable innovations that have reshaped its landscape.

• Gamefly: GameFly is a video game rental service that allows users to rent games by mail. The service offers a wide selection of games for various consoles and has been popular among gamers who prefer physical copies of games.
• Redbox: Redbox is a video game rental kiosk service that allows users to rent games from a physical kiosk. The service has been popular due to its convenience and low cost.
• Subscription Services: Several subscription services have emerged in recent years that allow users to access a library of games for a monthly fee. Examples include Xbox Game Pass, PlayStation Now, and EA Play.
• Virtual Reality: The emergence of virtual reality technology has created new opportunities for the video game industry, including in the rental and leasing sector. Companies like VR Junkies offer virtual reality arcade experiences that allow users to try out new games and technology.
• Retro Gaming: The popularity of retro gaming has created new opportunities for the video game rental and leasing industry. Companies like GameFly and Retro Game Treasure offer services that allow users to rent or purchase classic games and consoles.