- In May 2024, Extech introduced a new lineup of measurement tools, which includes the IAQ320 air quality monitor, the enhanced EX series of multimeters and clamp meters, and the BR450 W borescopes. These products are designed to deliver high performance and safety at competitive prices. This product expansion is expected to strengthen Extech’s position in the test and measurement equipment rental market
- In May 2024, IDEAL Electrical™ launched two new circuit tracer models—the SureTrace™ Plus Circuit Tracer (61-948) and the SureTrace™ Circuit Tracer (61-946)—which integrate the latest technologies at budget-friendly prices. These advanced tools are poised to attract more rental customers seeking affordable and precise tracing solutions
- In March 2024, a blog by Booqable.com pointed out that managing inventory in the rental sector remains a key challenge due to the complexities involved in tracking various types of equipment, scheduling maintenance, and ensuring availability. Addressing these gaps with efficient inventory systems is essential for improving customer experience and sustaining competitiveness
- In January 2024, a LinkedIn article by Iravati M. emphasized the ongoing difficulties of inventory management in the renting and leasing test and measurement equipment market, including handling specialized tools and ensuring accurate tracking and availability. Improving inventory systems is critical to achieving operational efficiency in this saturated industry
