North America Renting and Leasing Test and Measurement Equipment Market to 2032

Overview

The North America Renting and Leasing Test and Measurement Equipment Market is expected to reach a 3.70 USD Billion by 2032 and is projected to grow at a CAGR of 5.51% from 2025 to 2032.

Revenue, 2024 (USD Billion)

2.54

Forecast, 2032 (USD Billion)

3.70

CAGR, 2024 - 2032

5.51%

Report Coverage

North America

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

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

Market Growth and Projections:

Market Size (2024): 2.54 USD Billion
Projected Market Size (2032): 3.70 USD Billion
CAGR (2025-2032): 5.51%

Key Findings of North America Renting and Leasing Test and Measurement Equipment Market

The North America Renting and Leasing Test and Measurement Equipment Market was valued at 2.54 USD Billion in 2024.
The North America Renting and Leasing Test and Measurement Equipment Market is likely to grow at a CAGR of 5.51% 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 1.76 USD Billion
The fastest growing segment Sensing System in System Type Segment grew Fastest with a CAGR of 6.48% during the forecast period from 2024 to 2032.

North America Renting and Leasing Test and Measurement Equipment Market Scope

North America Renting and Leasing Test and Measurement Equipment Market Segmentation & Scope

Offering

Services
Hardware

End-User

Medical Equipment
Energy & Utilities
Others
Consumer Electronics
Industrial
Aerospace and Defense
Automotive
IT & Telecommunication

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

Features

Others
Metering ICS
Electrical Sensing
Diagnostic Equipment

Component

Others
Value Added Services
Connectors
Cable Assemblies

North America 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	2.54 USD Billion
Market Value in 2032	3.70 USD Billion
CAGR (2025-2032)	5.51%
Historic Data	2016-2023
Market Segments Covered	Offering,End-User,System Type,Type,Features,Component

Regional Insights:

Leading Market (2024-2032): North America, leading in terms of revenue 2.54 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

North America Renting and Leasing Test and Measurement Equipment Market to 2032, By Offering
- Hardware is the largest segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 1.76 USD Billion in the year 2024.
- Hardware is the Fastest growing segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 5.77 % in forecast period 2025-2032.
North America Renting and Leasing Test and Measurement Equipment Market to 2032, By End-User
- IT & Telecommunication is the largest segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 730.40 USD Billion in the year 2024.
- IT & Telecommunication is the Fastest growing segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.46 % in forecast period 2025-2032.
North America Renting and Leasing Test and Measurement Equipment Market to 2032, By System Type
- Sensing System is the largest segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 765.64 USD Billion in the year 2024.
- Sensing System is the Fastest growing segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.48 % in forecast period 2025-2032.
North America Renting and Leasing Test and Measurement Equipment Market to 2032, By Type
- Rent is the largest segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 1.51 USD Billion in the year 2024.
- Rent is the Fastest growing segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 5.96 % in forecast period 2025-2032.
North America Renting and Leasing Test and Measurement Equipment Market to 2032, By Features
- Diagnostic Equipment is the largest segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 1.04 USD Billion in the year 2024.
- Diagnostic Equipment is the Fastest growing segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.14 % in forecast period 2025-2032.
North America Renting and Leasing Test and Measurement Equipment Market to 2032, By Component
- Cable Assemblies is the largest segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 910.90 USD Billion in the year 2024.
- Cable Assemblies is the Fastest growing segment in North America Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.36 % in forecast period 2025-2032.

North America Renting and Leasing Test and Measurement Equipment Market Company Share Analysis

Company Name
Keysight Technologies
Rohde & Schwarz
Siemens
Emerson Electric Co.
Fortive

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

North America Renting and Leasing Test and Measurement Equipment Market Company Profiling

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Frequently Asked Questions

What are the primary segments covered in the North America Renting and Leasing Test and Measurement Equipment Market?

The North America Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation Offering,End-User,System Type,Type,Features,Component.

What is the current market size of the North America Renting and Leasing Test and Measurement Equipment Market?

North America Renting and Leasing Test and Measurement Equipment Market was valued at USD 2.54(Revenue in USD Billion) in 2023.

What is the expected growth rate of the North America Renting and Leasing Test and Measurement Equipment Market?

North America Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.51% during the forecast period of 2024 to 2032.

Which is the dominating segment in the North America Renting and Leasing Test and Measurement Equipment Market?

The Hardware segment is expected to dominate the North America Renting and Leasing Test and Measurement Equipment Market, holding a largest market share of 1.76 USD Billion in 2024