- Sustainability and eco-conscious choices are becoming increasingly important in the global renting and leasing market as consumers prioritize environmentally friendly options. Companies are responding by offering sustainable products, such as electric vehicles and energy-efficient appliances, which attract eco-conscious renters. This trend helps reduce the carbon footprint and aligns with the growing demand for corporate social responsibility
- In addition, many businesses are incorporating sustainable practices into their operations, such as reducing waste and using recyclable materials. By embracing sustainability, companies can differentiate themselves and build brand loyalty among environmentally aware consumers
- North America led the renting and leasing test and measurement equipment market with the largest revenue share of 38.7% in 2024, driven by strong R&D activity across electronics, aerospace, telecom, and automotive sectors, where testing precision is essential
- Asia-Pacific market is projected to grow at the fastest CAGR of 5.2% from 2025 to 2032, fueled by rapid industrialization, digital transformation, and smart manufacturing initiatives in China, India, Japan, and South Korea
- The hardware segment dominated the market with the largest revenue share of 67.4% in 2024, driven by the high demand for physical testing instruments such as oscilloscopes, signal generators, and analyzers in R&D labs, telecom centers, and electronics manufacturing units
