Global Renting & Leasing Test and Measurement Equipment Market Overview:
In recent times, renting and leasing of test and measurement equipment has been becoming popular as many small and medium organizations are looking to cut their costs and high costs associated with new testing measurement equipment. Further, some rental and leasing service providers are offering a range of rental and leasing options to make it easier to find the right solutions for testing and measurement organizations. Penetration of advanced technologies and increased demand for electronics and semiconductors are likely to fuel growth in the semiconductor testing and measurement market.
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Demand of Testing Equipment That Can be Used to Test IoT Devices
Market Growth Drivers:
Growing Preference for Renting and Leasing of Test & Measurement Equipment Among SMEs and Increasing Demand of Test & Measurement Equipment Across Various Industries
Challenges in Managing Equipment Obsolescence
High Upfront Costs and Risk of Equipment Damage or Loss
Rapid Growth of Electronics Industry in China and India is Expected to Create Significant Opportunities in the Region
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies.
Some of the key players profiled in the report are Keysight Technologies (United States), Tektronix (United Sates), electrorent.com, Inc. (Taiwan), Crest Instruments (India), McGrath RentCorp Inc. (United States), B&K Precision Corporation (United States), Transcat, Inc. (United States), TRS-RenTelco (United States), Probe Test Equipment (Israel), ConRes Test Equipment (United States), Megger (United States), Amtest-TM (Czech Republic) and Axiom Test Equipment (United States). Analyst at AMA Research see United States Players to retain maximum share of Global Renting & Leasing Test and Measurement Equipment market by 2028. Considering Market by Organization Size, the sub-segment i.e. Small & Medium Enterprises will boost the Renting & Leasing Test and Measurement Equipment market. Considering Market by Renting Type, the sub-segment i.e. Short-Term Equipment Rentals will boost the Renting & Leasing Test and Measurement Equipment market. Considering Market by Equipment Type, the sub-segment i.e. General Purpose Test Equipment will boost the Renting & Leasing Test and Measurement Equipment market.
What Can be Explored with the Renting & Leasing Test and Measurement Equipment Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Renting & Leasing Test and Measurement Equipment Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Renting & Leasing Test and Measurement Equipment
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Renting & Leasing Test and Measurement Equipment market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Renting & Leasing Test and Measurement Equipment market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Renting & Leasing Test and Measurement Manufacturers, Renting & Leasing Service Providers, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.