Market Overview:
The global renting and leasing test and measurement equipment market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for test and measurement equipment from various end-use industries, such as aerospace and defense, healthcare and medical equipment, telecommunication, electronics and semiconductor, industrial and manufacturing, automotive, among others. In addition, the growing trend of outsourcing services is also contributing to the growth of this market. On the basis of type, general-purpose test equipment held a major share in 2017 owing to its wide range of applications across different end-use industries. However; wireless test equipment is expected to grow at a higher CAGR during the forecast period due its growing demand from telecom sector for testing new technologies such as 5G networks.
Product Definition:
Renting and leasing Test and Measurement Equipment is important because it allows for the equipment to be used when needed without having to purchase it outright. This can be helpful for businesses or individuals who may not need the equipment on a regular basis or who do not have the funds available to purchase the equipment outright.
General-purpose Test Equipment:
The global general-purpose test equipment market size was valued at USD 2.6 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to the increasing demand for automation in manufacturing processes, coupled with an upsurge in power consumption across various industry verticals such as automotive, oil & gas, and aerospace & defense among others.
Wireless Test Equipment:
Wireless test equipment is used to perform wireless communication tests. It helps in testing the quality of wireless signals and determining their strength. The rental and leasing industry requires a large number of these devices for ensuring smooth operations, which makes it prone to various technical issues that can hamper the performance of any business operationally.
Application Insights:
The aerospace and defense application segment led the market in 2017. The growth can be attributed to the increasing demand for aircraft from major airlines, including Air India, Jet Airways and Spicejet. Moreover, governments are increasingly focusing on developing civil aviation infrastructure to promote tourism in the region. This is likely to increase product demand over the forecast period.
The healthcare and medical equipment segment is expected register a significant CAGR of XX% during the forecast period owing to an increase in R&D activities related with medical devices & equipment across various countries such as China, Japan, Germany and France among others. Furthermore, growing investments by private players for R&D activities related with electronics & semiconductor test equipment are anticipated to boost industry growth over the coming years.
Regional Analysis:
The Asia Pacific region is expected to witness the highest CAGR of XX% during the forecast period, owing to rapid industrialization and technological advancements in countries such as China, India, Japan and South Korea. The growing manufacturing sector in these countries has led to an increase in demand for test equipment from various end-use industries such as electronics & semiconductors, automotive and aerospace & defense. Furthermore, increasing government initiatives towards developing smart cities are anticipated to fuel regional growth over the next eight years.
North America accounted for a significant revenue share within the global renting and leasing market due to high demand from end-use industries such as healthcare/medical devices telecommunication equipment etc.
Growth Factors:
- Increasing demand for test and measurement equipment in the automotive industry to meet stringent regulatory norms
- Growing demand for portable and handheld test and measurement equipment in the electronics industry
- Rising adoption of automated testing solutions in various industries
- Proliferation of wireless technologies and the growing trend of IoT are expected to fuel the growth of rental and leasing Test and Measurement Equipment market
- The increasing focus on quality control by manufacturing companies is also anticipated to boost the growth prospects of this market
Scope Of The Report
Report Attributes
Report Details
Report Title
Renting and Leasing Test and Measurement Equipment Market Research Report
By Type
General-purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers, Others
By Application
Aerospace and Defense, Healthcare and Medical Equipment, Telecommunication, Electronics and Semiconductor, Industrial and Manufacturing, Automotive, Others
By Companies
Transcat, Keysight Technologies, Viavi, Tektronix, General Electric, Rhode and Schwarz, Anritsu Corporation, EXFO, Megger, Bird, Yokogawa Electric, Vanguard, National Instruments, Siemens, Fluke Networks
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
160
Number of Tables & Figures
112
Customization Available
Yes, the report can be customized as per your need.
Global Renting and Leasing Test and Measurement Equipment Market Report Segments:
The global Renting and Leasing Test and Measurement Equipment market is segmented on the basis of:
Types
General-purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Aerospace and Defense, Healthcare and Medical Equipment, Telecommunication, Electronics and Semiconductor, Industrial and Manufacturing, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Transcat
- Keysight Technologies
- Viavi
- Tektronix
- General Electric
- Rhode and Schwarz
- Anritsu Corporation
- EXFO
- Megger
- Bird
- Yokogawa Electric
- Vanguard
- National Instruments
- Siemens
- Fluke Networks
Highlights of The Renting and Leasing Test and Measurement Equipment Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- General-purpose Test Equipment
- Wireless Test Equipment
- Semiconductor Test Equipment
- RF Test Chambers
- Others
- By Application:
- Aerospace and Defense
- Healthcare and Medical Equipment
- Telecommunication
- Electronics and Semiconductor
- Industrial and Manufacturing
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Renting and Leasing Test and Measurement Equipment Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Renting and leasing test and measurement equipment is a common business practice. This type of arrangement allows businesses to use the equipment for a specific period of time, usually with an option to purchase the equipment at a later date. The advantage of this type of arrangement is that the business does not have to invest in or maintain the equipment itself.
Some of the key players operating in the renting and leasing test and measurement equipment market are Transcat, Keysight Technologies, Viavi, Tektronix, General Electric, Rhode and Schwarz, Anritsu Corporation, EXFO, Megger, Bird, Yokogawa Electric, Vanguard, National Instruments, Siemens, Fluke Networks.
The renting and leasing test and measurement equipment market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Renting and Leasing Test and Measurement Equipment Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Renting and Leasing Test and Measurement Equipment Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Renting and Leasing Test and Measurement Equipment Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Renting and Leasing Test and Measurement Equipment Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Renting and Leasing Test and Measurement Equipment Market Size & Forecast, 2020-2028
4.5.1 Renting and Leasing Test and Measurement Equipment Market Size and Y-o-Y Growth
4.5.2 Renting and Leasing Test and Measurement Equipment Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 General-purpose Test Equipment
5.2.2 Wireless Test Equipment
5.2.3 Semiconductor Test Equipment
5.2.4 RF Test Chambers
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Aerospace and Defense
6.2.2 Healthcare and Medical Equipment
6.2.3 Telecommunication
6.2.4 Electronics and Semiconductor
6.2.5 Industrial and Manufacturing
6.2.6 Automotive
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Renting and Leasing Test and Measurement Equipment Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Renting and Leasing Test and Measurement Equipment Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 General-purpose Test Equipment
9.6.2 Wireless Test Equipment
9.6.3 Semiconductor Test Equipment
9.6.4 RF Test Chambers
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Aerospace and Defense
9.10.2 Healthcare and Medical Equipment
9.10.3 Telecommunication
9.10.4 Electronics and Semiconductor
9.10.5 Industrial and Manufacturing
9.10.6 Automotive
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 General-purpose Test Equipment
10.6.2 Wireless Test Equipment
10.6.3 Semiconductor Test Equipment
10.6.4 RF Test Chambers
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Aerospace and Defense
10.10.2 Healthcare and Medical Equipment
10.10.3 Telecommunication
10.10.4 Electronics and Semiconductor
10.10.5 Industrial and Manufacturing
10.10.6 Automotive
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 General-purpose Test Equipment
11.6.2 Wireless Test Equipment
11.6.3 Semiconductor Test Equipment
11.6.4 RF Test Chambers
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Aerospace and Defense
11.10.2 Healthcare and Medical Equipment
11.10.3 Telecommunication
11.10.4 Electronics and Semiconductor
11.10.5 Industrial and Manufacturing
11.10.6 Automotive
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 General-purpose Test Equipment
12.6.2 Wireless Test Equipment
12.6.3 Semiconductor Test Equipment
12.6.4 RF Test Chambers
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Aerospace and Defense
12.10.2 Healthcare and Medical Equipment
12.10.3 Telecommunication
12.10.4 Electronics and Semiconductor
12.10.5 Industrial and Manufacturing
12.10.6 Automotive
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 General-purpose Test Equipment
13.6.2 Wireless Test Equipment
13.6.3 Semiconductor Test Equipment
13.6.4 RF Test Chambers
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Aerospace and Defense
13.10.2 Healthcare and Medical Equipment
13.10.3 Telecommunication
13.10.4 Electronics and Semiconductor
13.10.5 Industrial and Manufacturing
13.10.6 Automotive
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Renting and Leasing Test and Measurement Equipment Market: Competitive Dashboard
14.2 Global Renting and Leasing Test and Measurement Equipment Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Transcat
14.3.2 Keysight Technologies
14.3.3 Viavi
14.3.4 Tektronix
14.3.5 General Electric
14.3.6 Rhode and Schwarz
14.3.7 Anritsu Corporation
14.3.8 EXFO
14.3.9 Megger
14.3.10 Bird
14.3.11 Yokogawa Electric
14.3.12 Vanguard
14.3.13 National Instruments
14.3.14 Siemens
14.3.15 Fluke Networks
