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Global Renting and Leasing Test and Measurement Equipment Market to 2032

Overview

The Global Renting and Leasing Test and Measurement Equipment Market is expected to reach a 9.16 USD Billion by 2032 and is projected to grow at a CAGR of 5.28% from 2025 to 2032.

Revenue, 2024 (USD Billion)
6.39
Forecast, 2032 (USD Billion)
9.16
CAGR, 2024 - 2032
5.28%
Report Coverage
Global

Global Renting and Leasing Test and Measurement Equipment Market 2018-2032 USD Billion

Global Renting and Leasing Test and Measurement Equipment Market, Key Findings (2025-2032)

Market Growth and Projections:

  • Market Size (2024): 6.39 USD Billion
  • Projected Market Size (2032): 9.16 USD Billion
  • CAGR (2025-2032): 5.28%

Key Findings of Global Renting and Leasing Test and Measurement Equipment Market

  • The Global Renting and Leasing Test and Measurement Equipment Market was valued at 6.39 USD Billion in 2024.
  • The Global Renting and Leasing Test and Measurement Equipment Market is likely to grow at a CAGR of 5.28% during the forecast period of 2024 to 2032.
  • In 2024, the Largest segment Hardware in Offering Segment accounted for the largest share of the market with a revenue of 4.40 USD Billion
  • The fastest growing segment Sensing System in System Type Segment grew Fastest with a CAGR of 6.26% during the forecast period from 2024 to 2032.

Global Renting and Leasing Test and Measurement Equipment Market Scope

Global Renting and Leasing Test and Measurement Equipment Market Segmentation & Scope
End-User
  • Medical Equipment
  • Energy & Utilities
  • Others
  • Consumer Electronics
  • Industrial
  • Aerospace and Defense
  • Automotive
  • IT & Telecommunication
Offering
  • Services
  • Hardware
Component
  • Others
  • Value Added Services
  • Connectors
  • Cable Assemblies
Features
  • Others
  • Metering ICS
  • Electrical Sensing
  • Diagnostic Equipment
System Type
  • Lighting System
  • Motor Control System
  • Power & Energy Management System
  • Human Machine Interface (HMI)
  • Safety & Security System
  • Connectivity System
  • Sensing System
Type
  • Lease
  • Rent

Global Renting and Leasing Test and Measurement Equipment Market Data Coverage Insights

Study Period 2024-2032
Base Year 2023
Unit Revenue in USD Billion
Market Value in 2024 6.39 USD Billion
Market Value in 2032 9.16 USD Billion
CAGR (2025-2032) 5.28%
Historic Data 2016-2023
Market Segments Covered End-User,Offering,Component,Features,System Type,Type

Regional Insights:

  • Leading Market (2024-2032): Global, leading in terms of revenue 6.39 USD Billion in 2024
    • Key Country: U.S., leading in terms of revenue with value of 1,903.53 USD Million in 2024.

Segments and Scope

  • Global Renting and Leasing Test and Measurement Equipment Market to 2032, By End-User
    • IT & Telecommunication is the largest segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 1.89 USD Billion in the year 2024.
    • IT & Telecommunication is the Fastest growing segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.20 % in forecast period 2025-2032.
  • Global Renting and Leasing Test and Measurement Equipment Market to 2032, By Offering
    • Hardware is the largest segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 4.40 USD Billion in the year 2024.
    • Hardware is the Fastest growing segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 5.52 % in forecast period 2025-2032.
  • Global Renting and Leasing Test and Measurement Equipment Market to 2032, By Component
    • Cable Assemblies is the largest segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 2.29 USD Billion in the year 2024.
    • Cable Assemblies is the Fastest growing segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.09 % in forecast period 2025-2032.
  • Global Renting and Leasing Test and Measurement Equipment Market to 2032, By Features
    • Diagnostic Equipment is the largest segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 2.60 USD Billion in the year 2024.
    • Diagnostic Equipment is the Fastest growing segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 5.95 % in forecast period 2025-2032.
  • Global Renting and Leasing Test and Measurement Equipment Market to 2032, By System Type
    • Sensing System is the largest segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 1.94 USD Billion in the year 2024.
    • Sensing System is the Fastest growing segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.26 % in forecast period 2025-2032.
  • Global Renting and Leasing Test and Measurement Equipment Market to 2032, By Type
    • Rent is the largest segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 3.79 USD Billion in the year 2024.
    • Rent is the Fastest growing segment in Global Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 5.68 % in forecast period 2025-2032.

Global Renting and Leasing Test and Measurement Equipment Market Company Share Analysis

 
Company Name Company Share Analysis
Keysight Technologies
Rohde & Schwarz
Siemens
Emerson Electric Co.
Fortive
Global Renting and Leasing Test and Measurement Equipment Market Company Share Analysis

Global Renting and Leasing Test and Measurement Equipment Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Renting and Leasing Test and Measurement Equipment Market Geographical Sales Distribution, 2018-2032 USD Billion

Global Renting and Leasing Test and Measurement Equipment Market Company Profiling

Global Renting and Leasing Test and Measurement Equipment Market Company Profiling

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Frequently Asked Questions
The Global Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation End-User,Offering,Component,Features,System Type,Type.
Global Renting and Leasing Test and Measurement Equipment Market was valued at USD 6.39(Revenue in USD Billion) in 2023.
Global Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.28% during the forecast period of 2024 to 2032.
The Hardware segment is expected to dominate the Global Renting and Leasing Test and Measurement Equipment Market, holding a largest market share of 4.40 USD Billion in 2024

Global Renting and Leasing Test and Measurement Equipment Market Scope

Global Renting and Leasing Test and Measurement Equipment Market Segmentation & Scope
End-User
  • Medical Equipment
  • Energy & Utilities
  • Others
  • Consumer Electronics
  • Industrial
  • Aerospace and Defense
  • Automotive
  • IT & Telecommunication
Offering
  • Services
  • Hardware
Component
  • Others
  • Value Added Services
  • Connectors
  • Cable Assemblies
Features
  • Others
  • Metering ICS
  • Electrical Sensing
  • Diagnostic Equipment
System Type
  • Lighting System
  • Motor Control System
  • Power & Energy Management System
  • Human Machine Interface (HMI)
  • Safety & Security System
  • Connectivity System
  • Sensing System
Type
  • Lease
  • Rent
Frequently Asked Questions
The Global Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation End-User,Offering,Component,Features,System Type,Type.
Global Renting and Leasing Test and Measurement Equipment Market was valued at USD 6.39(Revenue in USD Billion) in 2023.
Global Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.28% during the forecast period of 2024 to 2032.
The estimated market value of the Global Renting and Leasing Test and Measurement Equipment Market for final year is USD 9.16 (USD Billion).

Global Renting and Leasing Test and Measurement Equipment Market Company Profiling

Global Renting and Leasing Test and Measurement Equipment Market Company Profiling
Frequently Asked Questions
The Global Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation End-User,Offering,Component,Features,System Type,Type.
Global Renting and Leasing Test and Measurement Equipment Market was valued at USD 6.39(Revenue in USD Billion) in 2023.
Global Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.28% during the forecast period of 2024 to 2032.
The estimated market value of the Global Renting and Leasing Test and Measurement Equipment Market for final year is USD 9.16 (USD Billion).

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