The Renting & Leasing Test and Measurement Equipment Market Size was esteemed at USD 6.35 billion in 2023 and is supposed to arrive at USD 9.61 billion by 2032 with a growing CAGR of 4.71% over the forecast period 2024-2032. The Renting & Leasing Test and Measurement Equipment Market report provides insights into industry utilization trends, equipment reliability, and maintenance efficiency. It highlights advancements in technology adoption, focusing on AI-driven and cloud-integrated testing solutions. The report also explores global trade dynamics, shedding light on shifting leasing patterns. Additionally, it covers emerging service models like subscription-based and pay-per-use options, catering to evolving customer demands.
To get more information on Renting & Leasing Test and Measurement Equipment Market - Request Free Sample Report
Drivers
Rapid technological advancements make leasing test equipment a cost-effective solution to access the latest technology without the risk of obsolescence.
Rapid technological advancements in test and measurement equipment are driving businesses toward leasing rather than purchasing. Sensors are designed to offer the flexibility and versatility needed to keep up with the latest innovations in an ever-evolving world, where standards, such as the telecommunications industry, aerospace, and more, are changing all the time. Traditional models of ownership cannot keep pace, because equipment purchases may be outdated in only a few years. Leasing enables businesses to utilize cutting-edge high-precision testing tools without the need to commit significant capital via large capex. Furthermore, the growing proliferation of AI-powered analytics, wireless communication testing, and cloud-based remote monitoring solutions also drive the need for updated equipment. The businesses benefit from streamlining their processes to meet the evolving regulations and flexibility to scale up as the next-gen technology gets developed. Leasing providers also maintain and calibrate the instruments to ensure optimal performance. This enables enterprises to emphasize innovation and product development, free from the hindrance of obsolete testing infrastructure, making leasing a strategic and economical choice within an evolving technological context.
Restraint
Long-term leasing can become costlier than purchasing due to accumulated rental fees, service charges, and lack of asset ownership benefits.
While renting test and measurement equipment provides an immediate cost advantage by eliminating high upfront investments, long-term leasing expenses can surpass the cost of outright ownership. companies that may need continuous testing for prolonged periods, the accumulated rental fees may surpass the initial purchase of the equipment. Service charges, maintenance costs, and renewal fees are also part and parcel of leasehold agreements, leading to increased costs. Unlike owned equipment, leased assets do not go into a company’s capital assets, thus mitigating any tax benefit as well as future resale value. However, some businesses may likely realize better financial viability through purchasing if their testing is frequent enough and/or the equipment maintains its value through time. In addition, leasing agreements may include prohibitive clauses that could hinder procuring more economical upgrades or adaptations. Hence, organizations should analyze their testing periodicity, budget limitations, and tech spec requirements before signing any long-term fleet leasing to support economic viability.
Opportunities
Increasing industrialization and digital transformation in developing economies are driving demand for leased test equipment due to cost efficiency, technological advancements, and infrastructure growth.
The expansion of emerging markets is driving significant growth in the renting and leasing of test and measurement equipment. Evidence is coming in that the increasing emergence of new technologies in multiple industries such as telecommunications, electronics, automotive and manufacturing owing to rapid industrialization and digital transformation in developing economies is boosting the requirement for advanced testing solutions. The companies in these locations look for leasing instead of buying which comes unable to the budget and also may not provide them access to state-of-the-art technology. Furthermore, the government's push towards infrastructure development, smart manufacturing, and 5G deployment are boosting the demand for leased testing equipment. Startup and SMEs in the emerging markets are also driving this trend as they are looking for cost-effective ways of satisfying the international standards of quality and safety compliance. In addition, growing global companies that are entering into these locations are increasingly dependent on rental services to reduce the cost and keep the operations streamlined. Consequently, leasing providers are developing their presence in high-growth economies to meet this rising demand.
Challenges
Many SMEs hesitate to adopt leasing models due to limited awareness of cost benefits, flexible options, and long-term value.
Many small and medium-sized enterprises (SMEs) hesitate to adopt leasing models for test and measurement equipment due to a lack of awareness regarding their benefits. Unlike large corporations that boast dedicated procurement teams, SMEs often have limited resources and may be unaware of the cost-saving benefits of leasing vs. purchasing. The complexities of contracts, hidden fees, and long-term financial commitment are additional deterrents. Similarly, SMEs may view leasing as a perceived, non-strategic expenditure rather than a means of gaining access to the next generation of technology without the challenge of owning it. In addition, those with minimal exposure to flexible leasing options, such as pay-per-use and subscription-based models, are also reluctant to explore this cost-effective alternative. Specific marketing, education and transparent leasing policies can increase awareness, allowing small and medium enterprises (SMEs) to make informed decisions to leverage high-quality testing equipment while maintaining financial flexibility and optimizing operational efficiency.
By Product
The General-Purpose Test Equipment (GPTE) segment dominated with a market share of over 42% in 2023, owing to the wide applicability of the generic-purpose test equipment across various industries Essential devices fall into this category such as oscilloscopes, signal generators, analyzers, meters, thermal imagers, and larger pieces of test equipment like bit error rate testers (BERT) for testing, diagnosis, and maintenance, to electronic and communication systems. Telecommunications, automotive, aerospace, healthcare, and manufacturing industries require accurate measurements and quality assurance; thus, spend a lot on these tools. Moreover, the rising demand for cost-effective and flexible testing solutions continues to drive the market for GPTE due to its ability to offer reliable performance without the need for the large capital expenditure associated with new equipment purchase.
By Component
The connectors segment dominated with a market share of over 52% in 2023, due to its crucial role in ensuring seamless signal transmission and data integrity. Various testing applications in industries such as telecommunications, aerospace, and automotive require the use of connectors that create reliable electrical and mechanical connections. They are essential for precise and efficient measurements, as their adaptability enables her to cater to various testing tools. Moreover, as test and measurement systems become more sophisticated, the need for high-performance connectors with enhanced durability and low signal loss will only further increase. Notably, with their extensive implementation in research laboratories, manufacturing units, and quality control processes they also remain the third-largest market component in this market.
By Application
The Healthcare & Medical Equipment segment dominated with a market share of over 32% in 2023, due to the rising demand for precise and reliable testing solutions in the medical sector. The FDA and ISO for example, impose stringent regulatory standards to ensure that medical devices should go through rigorous testing to demonstrate their safety and accuracy. The increasing usage of advanced diagnostic and therapeutic equipment such as imaging systems, patient monitoring devices, and lab analyzers is also fueling the demand for high-quality test and measurement tools. One way to create a healthy balance between new technology and budget is through renting and leasing solutions which allow medical providers to access state-of-the-art technology without the large capital expenditure.
North America region dominated with a market share of over 42% in 2023, due to the presence of key market players and well-established technological infrastructure. Demand is strong across the semiconductor supply chain in industries including aerospace, defense, telecommunications, and automotive, where accurate testing and measurement solutions are crucial for quality control and regulatory compliance. The increasing use of 5G technology, EV developments, and defense spending are also driving demand for advanced test equipment. Furthermore, North American companies often use rental & leasing services to save on capital expenditure, at the same time gain access to newer technology. The regulatory framework is analyzed, along with its business environment and the impact of these factors on industry dynamics.
Asia-Pacific is the fastest-growing region in the Renting & Leasing Test and Measurement Equipment Market, due to rapid industrialization and technological advancements. Countries such as China and India are witnessing a growth spike in demand as investments in telecommunications, electronics, and automotive continue to grow. The market’s growth is also propelled by the region’s increasing 5G infrastructure, emerging semiconductor market, and strengthening focus on manufacturing quality control. Also, the cost advantage of leasing over buying, along with the increasing presence of multinational companies, continues to boost adoption. Also, developing economies are increasingly investing in test solutions for superior product reliability and stringent regulatory compliance. As the region continues to innovate and build on its work, with strong government support for industrial development, the market is set for a period of significant expansion in the coming years.
Need any customization research on Renting & Leasing Test and Measurement Equipment Market - Enquiry Now
Veolia Water Technologies (Water treatment plants, Membrane filtration)
Evoqua Water Technologies (UV disinfection, Electro-deionization)
Kubota Corporation (Membrane bioreactors, Sludge treatment systems)
SUEZ Water Technologies & Solutions (Reverse osmosis systems, Ultrafiltration)
Hitachi Ltd. (Industrial wastewater treatment, Smart water management)
Fluence Corporation Limited (Decentralized water treatment, MABR systems)
Siemens Energy (Water purification, Zero liquid discharge systems)
Dow Chemical Company (Ion exchange resins, Reverse osmosis membranes)
Alfa Laval (Wastewater separation technology, Heat exchangers)
Melbourne Water (Water recycling infrastructure, Stormwater harvesting)
Pentair (Water softeners, Filtration systems)
Xylem Inc. (Advanced oxidation, Smart water analytics)
Aquatech International (Desalination, Zero liquid discharge)
Toray Industries (Membrane filtration, Nanofiltration)
Mitsubishi Chemical Aqua Solutions (Biological treatment, Water purification)
BASF (Chemical treatment solutions, Water reuse additives)
OriginClear (Modular water treatment, Electro-coagulation)
Ovivo Inc. (Clarifiers, Membrane filtration systems)
IDE Technologies (Thermal desalination, Brine concentration)
Ecolab (Industrial water recycling, Smart monitoring solutions)
Suppliers for (renting and leasing electronic test and measurement equipment, including RF, microwave, and telecom testing tools) on Renting & Leasing Test and Measurement Equipment Market
Electro Rent
SPM Lab Solutions
Nastroj India Pvt. Ltd.
Structural Solutions Pvt Ltd
Analytical Electronics Services Pvt Ltd
InstruMetrics
Measuretest Instruments
Cole-Parmer India
Keysight Technologies
InstruIndia Techsys LLP
In November 2024: Veolia Water Technologies introduced its mobile water services for the pharmaceutical, cosmetics, and life sciences sectors across Europe. This initiative offers a comprehensive suite of technologies and services as a rental solution, ensuring reliable, continuous, and sustainable support for manufacturing, cleaning, and the efficient management of complex liquid waste in compliance with offsite regulations.
| Report Attributes | Details |
|---|---|
|
Market Size in 2023 |
USD 6.35 Billion |
|
Market Size by 2032 |
USD 9.61 Billion |
|
CAGR |
CAGR of 4.71% From 2024 to 2032 |
|
Base Year |
2023 |
|
Forecast Period |
2024-2032 |
|
Historical Data |
2020-2022 |
|
Report Scope & Coverage |
Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
|
Key Segments |
• By Product (General Purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers) |
|
Regional Analysis/Coverage |
North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
|
Company Profiles |
Transcat, Inc., Keysight Technologies, VIAVI Solutions Inc., TEKTRONIX, INC., McGrath RentCorp, Inc., Rohde & Schwarz, Anritsu, EXFO Inc., Megger, Bird, Yokogawa India Ltd., Siemens AG, Fluke Corporation, Texas Instruments Incorporated, AMETEK Inc., Teledyne Technologies Incorporated, General Electric (GE), OMICRON electronics GmbH, National Instruments (NI), Advantest Corporation. |
Ans: The Renting & Leasing Test and Measurement Equipment Market is expected to grow at a CAGR of 4.71% during 2024-2032.
Ans: The Renting & Leasing Test and Measurement Equipment Market was USD 6.35 billion in 2023 and is expected to Reach USD 9.61 billion by 2032.
Ans: Rapid technological advancements make leasing test equipment a cost-effective solution to access the latest technology without the risk of obsolescence.
Ans: The “General-Purpose Test Equipment (GPTE)” segment dominated the Renting & Leasing Test and Measurement Equipment Market.
Ans: North-America dominated the Renting & Leasing Test and Measurement Equipment Market in 2023
1. Introduction
1.1 Market Definition
1.2 Scope (Inclusion and Exclusions)
1.3 Research Assumptions
2. Executive Summary
2.1 Market Overview
2.2 Regional Synopsis
2.3 Competitive Summary
3. Research Methodology
3.1 Top-Down Approach
3.2 Bottom-up Approach
3.3. Data Validation
3.4 Primary Interviews
4. Market Dynamics
4.1 Market Analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2 PESTLE Analysis
4.3 Porter’s Five Forces Model
5. Statistical Insights and Trends Reporting
5.1 Utilization Rates, by Industry & Region (2020-2023)
5.2 Equipment Downtime & Maintenance Metrics
5.3 Technological Adoption Rates, by Region
5.4 Export/Import Data by region (2023)
6. Competitive Landscape
6.1 List of Major Companies, By Region
6.2 Market Share Analysis, By Region
6.3 Product Benchmarking
6.3.1 Product specifications and features
6.3.2 Pricing
6.4 Strategic Initiatives
6.4.1 Marketing and promotional activities
6.4.2 Distribution and Supply Chain Strategies
6.4.3 Expansion plans and new product launches
6.4.4 Strategic partnerships and collaborations
6.5 Technological Advancements
6.6 Market Positioning and Branding
7. Renting & Leasing Test and Measurement Equipment Market Segmentation, By Product
7.1 Chapter Overview
7.2 General Purpose Test Equipment
7.2.1 General Purpose Test Equipment Market Trends Analysis (2020-2032)
7.2.2 General Purpose Test Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.3 Wireless Test Equipment
7.3.1 Wireless Test Equipment Market Trends Analysis (2020-2032)
7.3.2 Wireless Test Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
7.4 Semiconductor Test Equipment
7.4.1 Semiconductor Test Equipment Trends Analysis (2020-2032)
7.4.2 Semiconductor Test Equipment Size Estimates and Forecasts to 2032 (USD Billion)
7.5 RF Test Chambers
7.5.1 RF Test Chambers Market Trends Analysis (2020-2032)
7.5.2 RF Test Chambers Market Size Estimates and Forecasts to 2032 (USD Billion)
8. Renting & Leasing Test and Measurement Equipment Market Segmentation, By Component
8.1 Chapter Overview
8.2 Connectors
8.2.1 Connectors Market Trends Analysis (2020-2032)
8.2.2 Connectors Market Size Estimates and Forecasts to 2032 (USD Billion)
8.3 Cable Assemblies
8.3.1 Cable Assemblies Market Trends Analysis (2020-2032)
8.3.2 Cable Assemblies Market Size Estimates and Forecasts to 2032 (USD Billion)
8.4 Value Added Accessories
8.3.1 Value Added Accessories Market Trends Analysis (2020-2032)
8.3.2 Value Added Accessories Market Size Estimates and Forecasts to 2032 (USD Billion)
9. Renting & Leasing Test and Measurement Equipment Market Segmentation, By Application
9.1 Chapter Overview
9.2 Aerospace & Defense
9.2.1Aerospace & Defense Market Trends Analysis (2020-2032)
9.2.2 Aerospace & Defense Market Size Estimates and Forecasts to 2032 (USD Billion)
9.3 Healthcare & Medical Equipment
9.3.1 Healthcare & Medical Equipment Market Trends Analysis (2020-2032)
9.3.2 Healthcare & Medical Equipment Market Size Estimates and Forecasts to 2032 (USD Billion)
9.4 Telecommunication
9.4.1 Telecommunication Market Trends Analysis (2020-2032)
9.4.2 Telecommunication Market Size Estimates and Forecasts to 2032 (USD Billion)
9.5 Electronics & Semiconductor
9.5.1 Electronics & Semiconductor Market Trends Analysis (2020-2032)
9.5.2 Electronics & Semiconductor Market Size Estimates and Forecasts to 2032 (USD Billion)
9.6 Industrial & Manufacturing
9.6.1Industrial & Manufacturing Market Trends Analysis (2020-2032)
9.6.2 Industrial & Manufacturing Market Size Estimates and Forecasts to 2032 (USD Billion)
9.7 Automotive
9.7.1 Automotive Market Trends Analysis (2020-2032)
9.7.2 Automotive Market Size Estimates and Forecasts to 2032 (USD Billion)
9.8 Others
9.8.1 Others Market Trends Analysis (2020-2032)
9.8.2 Others Market Size Estimates and Forecasts to 2032 (USD Billion)
10. Regional Analysis
10.1 Chapter Overview
10.2 North America
10.2.1 Trends Analysis
10.2.2 North America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.2.3 North America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.4 North America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.2.5 North America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.6 USA
10.2.6.1 USA Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.6.2 USA Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.2.6.3 USA Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.7 Canada
10.2.7.1 Canada Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.7.2 Canada Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.2.7.3 Canada Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.2.8 Mexico
10.2.8.1 Mexico Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.2.8.2 Mexico Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.2.8.3 Mexico Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3 Europe
10.3.1 Eastern Europe
10.3.1.1 Trends Analysis
10.3.1.2 Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.1.3 Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.4 Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.1.5 Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.6 Poland
10.3.1.6.1 Poland Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.6.2 Poland Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.1.6.3 Poland Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.7 Romania
10.3.1.7.1 Romania Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.7.2 Romania Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.1.7.3 Romania Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.8 Hungary
10.3.1.8.1 Hungary Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.8.2 Hungary Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.1.8.3 Hungary Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.9 Turkey
10.3.1.9.1 Turkey Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.9.2 Turkey Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.1.9.3 Turkey Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.1.10 Rest of Eastern Europe
10.3.1.10.1 Rest of Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.1.10.2 Rest of Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.1.10.3 Rest of Eastern Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2 Western Europe
10.3.2.1 Trends Analysis
10.3.2.2 Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.3.2.3 Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.4 Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.5 Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.6 Germany
10.3.2.6.1 Germany Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.6.2 Germany Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.6.3 Germany Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.7 France
10.3.2.7.1 France Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.7.2 France Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.7.3 France Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.8 UK
10.3.2.8.1 UK Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.8.2 UK Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.8.3 UK Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.9 Italy
10.3.2.9.1 Italy Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.9.2 Italy Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.9.3 Italy Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.10 Spain
10.3.2.10.1 Spain Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.10.2 Spain Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.10.3 Spain Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.11 Netherlands
10.3.2.11.1 Netherlands Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.11.2 Netherlands Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.11.3 Netherlands Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.12 Switzerland
10.3.2.12.1 Switzerland Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.12.2 Switzerland Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.12.3 Switzerland Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.13 Austria
10.3.2.13.1 Austria Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.13.2 Austria Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.13.3 Austria Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.3.2.14 Rest of Western Europe
10.3.2.14.1 Rest of Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.3.2.14.2 Rest of Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.3.2.14.3 Rest of Western Europe Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4 Asia-Pacific
10.4.1 Trends Analysis
10.4.2 Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.4.3 Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.4 Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.5 Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.6 China
10.4.6.1 China Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.6.2 China Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.6.3 China Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.7 India
10.4.7.1 India Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.7.2 India Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.7.3 India Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.8 Japan
10.4.8.1 Japan Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.8.2 Japan Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.8.3 Japan Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.9 South Korea
10.4.9.1 South Korea Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.9.2 South Korea Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.9.3 South Korea Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.10 Vietnam
10.4.10.1 Vietnam Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.10.2 Vietnam Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.10.3 Vietnam Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.11 Singapore
10.4.11.1 Singapore Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.11.2 Singapore Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.11.3 Singapore Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.12 Australia
10.4.12.1 Australia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.12.2 Australia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.12.3 Australia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.4.13 Rest of Asia-Pacific
10.4.13.1 Rest of Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.4.13.2 Rest of Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.4.13.3 Rest of Asia-Pacific Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5 Middle East and Africa
10.5.1 Middle East
10.5.1.1 Trends Analysis
10.5.1.2 Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.1.3 Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.4 Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.1.5 Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.6 UAE
10.5.1.6.1 UAE Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.6.2 UAE Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.1.6.3 UAE Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.7 Egypt
10.5.1.7.1 Egypt Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.7.2 Egypt Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.1.7.3 Egypt Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.8 Saudi Arabia
10.5.1.8.1 Saudi Arabia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.8.2 Saudi Arabia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.1.8.3 Saudi Arabia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.9 Qatar
10.5.1.9.1 Qatar Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.9.2 Qatar Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.1.9.3 Qatar Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.1.10 Rest of Middle East
10.5.1.10.1 Rest of Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.1.10.2 Rest of Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.1.10.3 Rest of Middle East Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2 Africa
10.5.2.1 Trends Analysis
10.5.2.2 Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.5.2.3 Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.4 Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.2.5 Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.6 South Africa
10.5.2.6.1 South Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.6.2 South Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.2.6.3 South Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.7 Nigeria
10.5.2.7.1 Nigeria Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.7.2 Nigeria Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.2.7.3 Nigeria Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.5.2.8 Rest of Africa
10.5.2.8.1 Rest of Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.5.2.8.2 Rest of Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.5.2.8.3 Rest of Africa Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6 Latin America
10.6.1 Trends Analysis
10.6.2 Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, by Country (2020-2032) (USD Billion)
10.6.3 Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.4 Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.6.5 Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.6 Brazil
10.6.6.1 Brazil Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.6.2 Brazil Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.6.6.3 Brazil Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.7 Argentina
10.6.7.1 Argentina Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.7.2 Argentina Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.6.7.3 Argentina Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.8 Colombia
10.6.8.1 Colombia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.8.2 Colombia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.6.8.3 Colombia Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
10.6.9 Rest of Latin America
10.6.9.1 Rest of Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Product (2020-2032) (USD Billion)
10.6.9.2 Rest of Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Component (2020-2032) (USD Billion)
10.6.9.3 Rest of Latin America Renting & Leasing Test and Measurement Equipment Market Estimates and Forecasts, By Application (2020-2032) (USD Billion)
11. Company Profiles
11.1 Transcat, Inc.
11.1.1 Company Overview
11.1.2 Financial
11.1.3 Products/ Services Offered
11.1.4 SWOT Analysis
11.2 Keysight Technologies
11.2.1 Company Overview
11.2.2 Financial
11.2.3 Products/ Services Offered
11.2.4 SWOT Analysis
11.3 VIAVI Solutions Inc.
11.3.1 Company Overview
11.3.2 Financial
11.3.3 Products/ Services Offered
11.3.4 SWOT Analysis
11.4 TEKTRONIX, INC.
11.4.1 Company Overview
11.4.2 Financial
11.4.3 Products/ Services Offered
11.4.4 SWOT Analysis
11.5 McGrath RentCorp, Inc.
11.5.1 Company Overview
11.5.2 Financial
11.5.3 Products/ Services Offered
11.5.4 SWOT Analysis
11.6 Rhode & Schwarz
11.6.1 Company Overview
11.6.2 Financial
11.6.3 Products/ Services Offered
11.6.4 SWOT Analysis
11.7 Anritsu, EXFO Inc.
11.7.1 Company Overview
11.7.2 Financial
11.7.3 Products/ Services Offered
11.7.4 SWOT Analysis
11.8 Megger
11.8.1 Company Overview
11.8.2 Financial
11.8.3 Products/ Services Offered
11.8.4 SWOT Analysis
11.9 Bird
11.9.1 Company Overview
11.9.2 Financial
11.9.3 Products/ Services Offered
11.9.4 SWOT Analysis
11.10 Yokogawa India Ltd.
11.10.1 Company Overview
11.10.2 Financial
11.10.3 Products/ Services Offered
11.10.4 SWOT Analysis
12. Use Cases and Best Practices
13. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
By Product
General Purpose Test Equipment
Wireless Test Equipment
Semiconductor Test Equipment
RF Test Chambers
By Component
Connectors
Cable Assemblies
Value Added Accessories
By Application
Aerospace & Defense
Healthcare & Medical Equipment
Telecommunication
Electronics & Semiconductor
Industrial & Manufacturing
Automotive
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Detailed Volume Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Competitive Product Benchmarking
Geographic Analysis
Additional countries in any of the regions
Customized Data Representation
Detailed analysis and profiling of additional market player
The Subsea Well Access Market Size was esteemed at USD 3.63 billion in 2022 and is supposed to arrive at USD 5.34 billion by 2030 and develop at a CAGR of 4.95% over the forecast period 2023-2030.
The Hydraulic Cylinder Market Size was valued at USD 16.6 billion in 2023 and is estimated to reach USD 22.97 billion by 2031 With a growing CAGR of 4.1% over the forecast period 2024-2031.
The Horizontal directional drilling Market size was valued at USD 7.56 Bn in 2023. It is anticipated to be valued at USD 24.41 Bn by the year 2032 and shows a growth rate of 13.91% CAGR during the forecasting period 2024-2032.
The Diaphragm Pump Market size was valued at USD 6.41 billion in 2023 and is expected to grow to USD 9.1 billion by 2031 and grow at a CAGR of 4.35 % over the forecast period of 2024-2031.
The Electric Fireplace Market size was estimated at USD 2.28 billion in 2023 and is expected to reach USD 3.21 billion by 2032 at a CAGR of 3.9% during the forecast period of 2024-2032.
The Industrial Control & Factory Automation Market Size was valued at USD 226.93 Billion in 2023 and is now anticipated to grow to USD 513.82 Billion by 2032, displaying a compound annual growth rate (CAGR) of 9.51% during the forecast Period 2024-2032.
Hi! Click one of our member below to chat on Phone
© 2025 All Rights Reserved by SNS Insider Pvt Ltd
