Press release
Renting & Leasing Test and Measurement Equipment Market Growth Drivers, Trends & Demands - Global Forecast to 2027 | Top Companies are Transcat Inc, Keysight Technologies, Viavi, Tektronix and General Electric
Renting & Leasing Test and Measurement Equipment Market
The global renting and leasing test and measurement equipment market is expected to register a CAGR of 5.4% during the forecast period of 2020–2026.
The supply and demand sides operating in the global market following a more strategic approach to purchasing or lease the equipment. It becomes challenging for the companies in the test and measurement equipment market to broaden their product base as customers become aware of the benefits of leasing and renting services. The benefit of these services earlier was observed for short-term requirements; however, the current scenario and future trends are expected to change as the customers turn to rental specialists, especially in the telecommunication and IT industry. The current spending on renting and leasing services accounts for nearly 32% of the total spending in the test and measurement market and is expected to reach 57% by 2026.
COVID-19 Analysis
The adoption of renting and leasing test and measurement equipment is high in healthcare and pharmaceuticals, food and beverages, and biological research. Strict government regulations and the growing need for quality maintenance in such industries drive the adoption of such equipment. The COVID-19 pandemic has led to a fall in demand for several products. Manufacturing plants moreover in the different countries have been put on halt to curb the spread of the deadly virus. The spread of this novel coronavirus led to the increased production of medicines as well as other medical equipment. This has boosted the need for renting and leasing test and measurement equipment in pharmaceuticals and healthcare end use industry, resulting to surged need for renting and leasing test and measurement equipment solutions and products.
The COVID-19 pandemic has already made its shadow felt on different industries except a handful like the global renting & leasing test & measurement equipment market. The spread of the virus resulted to a growing production of medicines and other medical equipment. This has fueled the need for renting and leasing test and measurement equipment in the healthcare and pharmaceuticals as mentioned above.
Get Free Sample Copy of Report @ https://www.marketresearchfuture.com/sample_request/10469
Market Segmentation
The renting & leasing test & measurement equipment market is segmented based on application, component, and product.
By product, the general-purpose test equipment segment will lead the market over the forecast period and at a 4.6% CAGR.
By component, the connectors segment will dominate the market over the forecast period.
By application, the aerospace and defense segment will spearhead the market over the forecast period.
Regional Analysis
North America to Steer Renting and Leasing Test and Measurement Equipment Market
North America will steer the renting and leasing test and measurement equipment market over the forecast period. The presence of several key players like National Instruments, Keysight Technologies, Teledyne Technologies Incorporated, among others, these companies being market leaders are constantly making significant investments towards technological advancement, growing development in the IT and telecom industry that demands accurate testing of equipment, new technological breakthrough in the aerospace industry, enhanced safety, and increased operational efficiency are adding to the global renting & leasing test & measurement equipment market growth in the region.
APAC to Have Favorable Growth in Renting and Leasing Test and Measurement Equipment Market
The APAC region will have favorable growth in the renting and leasing test and measurement equipment market over the forecast period. Strong government initiatives, continuous projects, Japan, China and India undertaking initiatives for encouraging industries to establish manufacturing and R&D facilities in their countries, the presence of leading manufacturers of consumer electronic devices such as laptops, smartphones, and gaming consoles, China being the hub for semiconductor fabrication and manufacturing, implementation and development of IoT, and the region being the hub for several industries like automotive, electrical, and electronics are adding to the global renting and leasing test and measurement equipment market growth in the region.
Key Players
Key players profiled in the global renting and leasing test and measurement equipment market report include Transcat Inc, Keysight Technologies, Exfo Inc, Viavi, Tektronix, General Electric, Rhode & Schwarz, Anritsu Corporation, Megger, Bird, National Instruments, Yokogawa Electric, Vanguard, Siemens AG, and Fluke Networks.
Get Complete Report @ https://www.marketresearchfuture.com/reports/renting-leasing-test-measurement-equipment-market-1046
Renting & Leasing Test and Measurement Equipment Market Research Report: 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) and Region (North America, Europe, Asia-Pacific and Rest of the World) - Forecast till 2027
For More Information: https://justpaste.me/qBlF
Market Research Future (Part of Wantstats Research and Media Private Limited)
99 Hudson Street, 5Th Floor
New York, NY 10013
United States of America
+1 628 258 0071 (US)
+44 2035 002 764 (UK)
Email: sales@marketresearchfuture.com
Website: https://www.marketresearchfuture.com
Market Research Future (MRFR) is a global market research firm that takes great pleasure in its services, providing a detailed and reliable study of diverse industries and consumers worldwide. MRFR's methodology integrates proprietary information with different data sources to provide the client with a comprehensive understanding of the current key trends, upcoming events, and the steps to be taken based on those aspects.
Our rapidly expanding market research company is assisted by a competent team of research analysts who provide useful analytics and data on technological and economic developments. Our deemed analysts make industrial visits and collect valuable information from influential market players. Our main goal is to keep our clients informed of new opportunities and challenges in various markets. We offer step-by-step assistance to our valued clients through strategic and consulting services to reach managerial and actionable decisions.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Renting & Leasing Test and Measurement Equipment Market Growth Drivers, Trends & Demands - Global Forecast to 2027 | Top Companies are Transcat Inc, Keysight Technologies, Viavi, Tektronix and General Electric here
News-ID: 2532950 • Views: …
More Releases from Market Research Future
3D Printing Filament Industry Projected at USD 26.78 Billion by 2035 with 24.52% …
The global 3D Printing Filament Market is experiencing an unprecedented boom, transitioning rapidly from a niche prototyping tool to a cornerstone of modern, decentralized manufacturing. As additive manufacturing permeates industries from aerospace to education, and even reaches hobbyists' homes, the demand for the specialized materials that bring digital designs to life-the filaments-is skyrocketing. According to a comprehensive report by Market Research Future, the market is projected to explode from an…
Proppants Market to Reach USD 29.87 Billion by 2035 from USD 10.31 Billion in 20 …
The global Proppants Market is poised for explosive growth, driven by the relentless global demand for energy and the technological mastery of unconventional resource extraction. As the "pickaxe" of the 21st-century oilfield, proppants-small, durable particles used to prop open fractures in rock formations-are essential for unlocking oil and gas from shale and other tight reservoirs. According to a comprehensive report by Market Research Future, the market is projected to skyrocket…
Infection Control Market Forecasted to Reach USD 81.05 Billion By 2035, at an Im …
Enhancing Safety and Care: The Growing Importance of Infection Control
In today's healthcare environment, infection control has emerged as a cornerstone of patient safety and overall public health. Hospitals, clinics, and laboratories worldwide are increasingly recognizing that rigorous infection control measures are not just regulatory requirements-they are essential practices that protect patients, healthcare workers, and the broader community. From the prevention of hospital-acquired infections to combating global outbreaks, effective infection control…
Hematology Diagnostics Market Expected to Achieve a Strong 3.2% CAGR, to Reach U …
Advancing Patient Care Through Hematology Diagnostics
Hematology diagnostics play a pivotal role in modern healthcare by providing critical insights into blood-related disorders and overall patient health. From routine blood counts to advanced molecular testing, hematology diagnostics enable clinicians to detect, monitor, and manage conditions such as anemia, leukemia, clotting disorders, and other hematologic diseases. The continuous evolution in diagnostic technologies is improving accuracy, reducing turnaround times, and empowering physicians to make…
More Releases for Test
Key Differences Between Megger Test, Tan Delta Test, and Hi-Pot Test for Electri …
Electrical insulation plays a critical role in ensuring the safety and efficiency of electrical systems. To assess the condition of insulation and identify potential issues, three common tests are used: the Megger test, Tan Delta test, and Hi-Pot test. Each test serves a unique purpose and provides valuable insights into the state of electrical insulation. Here's a closer look at the differences between these three essential tests.
Megger Test: Insulation Resistance…
Vitamin Test Market: Global Vitamin Test Analysis and Forecast (2023-2029)Vitami …
12.04.2024: Vitamin Test Market Overview
The development of companion diagnostic tools and advances in personalised treatment are driving considerable growth and revolution in the oncology Vitamin Test market. In the era of precision medicine, where healthcare is increasingly customised for individual individuals based on their own genetic and molecular profiles, this market segment is essential. Ongoing innovation and development define the oncology Vitamin Test market. To find particular biomarkers, genetic mutations,…
CAGR 8.1% Homecare Pregnancy Test Kits Market By Type of Test (Urine Test For H …
The Homecare Pregnancy Test Kits market report by Reports and Data provides an extensive overview of the vital elements of the Homecare Pregnancy Test Kits market and factors such as the drivers, restraints, latest trends, supervisory scenario, competitive landscape, technological advancements, and others. Further, it mentions the market shares associated with the market in terms of both value and volume along with the segmentation. Space-age industrial and digitalization tools are…
Home Safety Test Kits Market, Home Safety Test Kits Market Trends, Home Safety T …
“Home Safety Test Kits Market” 2020-2025 Research Report is a professional and in-depth study on the current state of the market. Global Home Safety Test Kits market containing a complete view of the market size, business share, profit estimates, SWOT analysis and the regional landscape of the Industry. The report explains key challenges and future development prospects of the market. The Global Home Safety Test Kits analysis is provided for…
Test Data Management (TDM) Market - test data profiling, test data planning, tes …
The report categorizes the global Test Data Management (TDM) market by top players/brands, region, type, end user, market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
This report studies the global market size of Test Data Management (TDM) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption…
Hearing Screening and Diagnostic Devices Market Demands with Major Tests: pure T …
New Market Research Reports Title "Hearing Screening And Diagnostic Devices Market 2018" Has Been Added to Crystal Market Research Report database.
Hearing Screening and Diagnostic Devices - Competitive Insights:
The leading players in the market are Gn Otometrics A/S, Otodynamics, Nashua Hearing Group, Siemens Healthineers, Natus Medical Incorporated, Interacoustics A/S, Neurosoft S.A, Accent Hearing Pty Ltd, MAICO Diagnostics GmbH and IntriCon Corporation. The major players in the market are profiled in detail…
