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South Korea Renting and Leasing Test and Measurement Equipment Market to 2032

Overview

The South Korea Renting and Leasing Test and Measurement Equipment Market is expected to reach a 226.56 USD Million by 2032 and is projected to grow at a CAGR of 5.88% from 2025 to 2032.

Revenue, 2024 (USD Million)
151.89
Forecast, 2032 (USD Million)
226.56
CAGR, 2024 - 2032
5.88%
Report Coverage
South Korea

South Korea Renting and Leasing Test and Measurement Equipment Market 2018-2032 USD Million

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

Market Growth and Projections:

  • Market Size (2024): 151.89 USD Million
  • Projected Market Size (2032): 226.56 USD Million
  • CAGR (2025-2032): 5.88%

Key Findings of South Korea Renting and Leasing Test and Measurement Equipment Market

  • The South Korea Renting and Leasing Test and Measurement Equipment Market was valued at 151.89 USD Million in 2024.
  • The South Korea Renting and Leasing Test and Measurement Equipment Market is likely to grow at a CAGR of 5.88% 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 105.33 USD Million
  • The fastest growing segment Sensing System in System Type Segment grew Fastest with a CAGR of 6.84% during the forecast period from 2024 to 2032.

South Korea Renting and Leasing Test and Measurement Equipment Market Scope

South Korea 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
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
Offering
  • Services
  • Hardware

South Korea Renting and Leasing Test and Measurement Equipment Market Data Coverage Insights

Study Period 2024-2032
Base Year 2023
Unit Revenue in USD Million
Market Value in 2024 151.89 USD Million
Market Value in 2032 226.56 USD Million
CAGR (2025-2032) 5.88%
Historic Data 2016-2023
Market Segments Covered End-User,System Type,Type,Features,Component,Offering

Regional Insights:

  • Leading Market (2024-2032): South Korea, leading in terms of revenue 151.89 USD Million in 2024
    • Key Country: South Korea, leading in terms of revenue with value of 151.89 USD Million in 2024.

Segments and Scope

  • South Korea Renting and Leasing Test and Measurement Equipment Market to 2032, By End-User
    • IT & Telecommunication is the largest segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 50.65 USD Million in the year 2024.
    • IT & Telecommunication is the Fastest growing segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.75 % in forecast period 2025-2032.
  • South Korea Renting and Leasing Test and Measurement Equipment Market to 2032, By System Type
    • Sensing System is the largest segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 49.82 USD Million in the year 2024.
    • Sensing System is the Fastest growing segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.84 % in forecast period 2025-2032.
  • South Korea Renting and Leasing Test and Measurement Equipment Market to 2032, By Type
    • Rent is the largest segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 90.99 USD Million in the year 2024.
    • Rent is the Fastest growing segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.27 % in forecast period 2025-2032.
  • South Korea Renting and Leasing Test and Measurement Equipment Market to 2032, By Features
    • Diagnostic Equipment is the largest segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 64.12 USD Million in the year 2024.
    • Diagnostic Equipment is the Fastest growing segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.58 % in forecast period 2025-2032.
  • South Korea Renting and Leasing Test and Measurement Equipment Market to 2032, By Component
    • Cable Assemblies is the largest segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 56.46 USD Million in the year 2024.
    • Cable Assemblies is the Fastest growing segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.70 % in forecast period 2025-2032.
  • South Korea Renting and Leasing Test and Measurement Equipment Market to 2032, By Offering
    • Hardware is the largest segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a revenue of 105.33 USD Million in the year 2024.
    • Hardware is the Fastest growing segment in South Korea Renting and Leasing Test and Measurement Equipment Market to 2032 with a Growth rate of 6.09 % in forecast period 2025-2032.

South Korea 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
South Korea Renting and Leasing Test and Measurement Equipment Market Company Share Analysis

South Korea Renting and Leasing Test and Measurement Equipment Market Geographical Sales Distribution, 2018-2032 USD Million

South Korea Renting and Leasing Test and Measurement Equipment Market Geographical Sales Distribution, 2018-2032 USD Million

South Korea Renting and Leasing Test and Measurement Equipment Market Company Profiling

South Korea Renting and Leasing Test and Measurement Equipment Market Company Profiling

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Frequently Asked Questions
The South Korea Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation End-User,System Type,Type,Features,Component,Offering.
South Korea Renting and Leasing Test and Measurement Equipment Market was valued at USD 151.89(Revenue in USD Million) in 2023.
South Korea Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.88% during the forecast period of 2024 to 2032.
The Hardware segment is expected to dominate the South Korea Renting and Leasing Test and Measurement Equipment Market, holding a largest market share of 105.33 USD Million in 2024

South Korea Renting and Leasing Test and Measurement Equipment Market Scope

South Korea 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
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
Offering
  • Services
  • Hardware
Frequently Asked Questions
The South Korea Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation End-User,System Type,Type,Features,Component,Offering.
South Korea Renting and Leasing Test and Measurement Equipment Market was valued at USD 151.89(Revenue in USD Million) in 2023.
South Korea Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.88% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Renting and Leasing Test and Measurement Equipment Market for final year is USD 226.56 (USD Million).

South Korea Renting and Leasing Test and Measurement Equipment Market Company Profiling

South Korea Renting and Leasing Test and Measurement Equipment Market Company Profiling
Frequently Asked Questions
The South Korea Renting and Leasing Test and Measurement Equipment Market is segmented based on Segmentation End-User,System Type,Type,Features,Component,Offering.
South Korea Renting and Leasing Test and Measurement Equipment Market was valued at USD 151.89(Revenue in USD Million) in 2023.
South Korea Renting and Leasing Test and Measurement Equipment Market is projected to grow at a CAGR of 5.88% during the forecast period of 2024 to 2032.
The estimated market value of the South Korea Renting and Leasing Test and Measurement Equipment Market for final year is USD 226.56 (USD Million).

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