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    UK Renting Leasing Test Measurement Equipment Market

    ID: MRFR/SEM/55916-HCR
    200 Pages
    Aarti Dhapte
    September 2025

    UK Renting Leasing Test Measurement Equipment Market Research Report By Product (General Purpose Test Equipment, Wireless Test Equipment, Semiconductor Test Equipment, RF Test Chambers), By Component (Connectors, Cable Assemblies, Value Added Accessories) and By Application (Aerospace & Defense, Healthcare & Medical Equipment, Telecommunication, Electronics & Semiconductor, Industrial & Manufacturing, Automotive, Others)-Forecast to 2035

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    UK Renting Leasing Test Measurement Equipment Market Research Report - Forecast till 2035 Infographic
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    Table of Contents

    UK Renting Leasing Test Measurement Equipment Market Summary

    The United Kingdom UK Renting Leasing Test Measurement Equipment market is poised for substantial growth over the next decade.

    Key Market Trends & Highlights

    UK Renting Leasing Test Measurement Equipment Key Trends and Highlights

    • The market is valued at 243.8 USD Million in 2024 and is projected to reach 451.5 USD Million by 2035.
    • The compound annual growth rate (CAGR) for the market from 2025 to 2035 is estimated at 5.76%.
    • This growth trajectory indicates a robust demand for test measurement equipment rental and leasing services in the UK.
    • Growing adoption of advanced testing technologies due to increasing regulatory compliance requirements is a major market driver.

    Market Size & Forecast

    2024 Market Size 243.8 (USD Million)
    2035 Market Size 451.5 (USD Million)
    CAGR (2025-2035) 5.76%

    Major Players

    Omicron electronics, National Instruments, Fluke Corporation, Thermo Fisher Scientific, Tektronix, ACE Instruments, Megger, Klein Tools, Anritsu Corporation, Amprobe, MTS Systems Corporation, Keysight Technologies, HIOKI E.E. Corporation, Rohde & Schwarz, B&K Precision

    UK Renting Leasing Test Measurement Equipment Market Trends

    The UK Renting and Leasing Test Measurement Equipment market is experiencing significant growth, driven largely by the increasing demand for advanced testing and measurement solutions across various sectors. The rise in technological advancements and the adoption of automation in industries such as manufacturing, telecommunications, and healthcare are key market drivers.

    Companies in these sectors are turning to leasing options as a cost-effective solution to access the latest equipment without committing to significant capital expenditure, which is particularly valuable in the UK's economically fluctuating environment.

    Recent trends indicate a shift towards sustainability in the leasing market.With the UK government's emphasis on reducing carbon emissions through initiatives like the Net Zero Strategy, businesses are increasingly interested in renting equipment that aligns with these eco-friendly goals.

    Consequently, suppliers are focusing on providing energy-efficient and environmentally sustainable equipment to cater to this growing preference. Furthermore, the trend towards digitalization has led to a rise in demand for smart measurement tools that can offer real-time data and analytics, making them attractive for businesses seeking to enhance operational efficiency. Opportunities within the UK Renting and Leasing Test Measurement Equipment market are ripe for exploration.

    The expansion of small and medium enterprises (SMEs) in tech-driven fields presents a customer base that is often looking for flexible leasing options. Additionally, the ongoing investment in infrastructure in the UK means that there will continually be a need for reliable test and measurement equipment.

    The potential for partnerships and collaborations between equipment suppliers and local businesses can further enhance service delivery, making it a favorable time for market expansion and innovation in the UK.

    Overall, the UK market trends highlight a transformation towards flexible leasing models, sustainability, and technological advancements, creating a dynamic landscape for renting and leasing test measurement equipment.

    UK Renting Leasing Test Measurement Equipment Market Drivers

    Market Segment Insights

    Renting Leasing Test Measurement Equipment Market Product Insights

    The UK Renting Leasing Test Measurement Equipment Market is evolving, showcasing diverse product segments that cater to a variety of industries.

    Among these segments, General Purpose Test Equipment plays a pivotal role, widely utilized across sectors such as telecommunications, manufacturing, and automotive due to its versatility and broad functionality, enhancing efficiency in testing and troubleshooting applications.

    Wireless Test Equipment is gaining traction, driven by the ever-increasing demand for wireless communication technologies and enhancements in mobile connectivity, making it essential for both developing and established markets in the UK.

    The Semiconductor Test Equipment segment is increasingly significant as advancements in technology and the Internet of Things (IoT) propel the need for reliable semiconductor testing. This equipment’s role in ensuring the quality and performance of electronic components is crucial, especially in a burgeoning digital economy where consumer electronics and smart devices are reliable.

    RF Test Chambers serve as specialized environments for testing radio frequency devices, and they play a critical part in ensuring compliance with regulatory standards, thereby addressing the safety and efficiency of wireless communications within the UK.

    Renting Leasing Test Measurement Equipment Market Component Insights

    The Component segment within the UK Renting Leasing Test Measurement Equipment Market reflects significant importance, focusing primarily on Connectors, Cable Assemblies, and Value Added Accessories. Connectors play a crucial role by ensuring seamless connections and signal integrity between devices, which is essential for accurate testing and measurement.

    The demand for high-performance connectors continues to grow, driven by advancements in technology and the need for reliability in various applications. Cable Assemblies are also a pivotal part of this segment, contributing to the efficiency and effectiveness of test setups.

    Their customization potential caters to the diverse needs of industries such as telecommunications, defense, and automotive, thus fostering innovation. Value Added Accessories enhance the functionality of test equipment, offering features that improve usability and measurement precision.

    This segment's growth is bolstered by increasing investments in research and development activities within the UK, as companies aim to optimize testing procedures. Market trends indicate a shift toward more sophisticated, integrated solutions that provide higher accuracy and efficiency, further emphasizing the importance of these components in meeting the evolving demands of diverse industries.

    Renting Leasing Test Measurement Equipment Market Application Insights

    The UK Renting Leasing Test Measurement Equipment Market reflects a diverse range of applications pivotal to various industries, enhancing operational efficiency and innovation. In the Aerospace and Defense sector, precision testing equipment is essential for safety and reliability, given the stringent regulations governing this field.

    The Healthcare and Medical Equipment segment benefits from advanced diagnostic tools that facilitate improved patient outcomes and compliance with healthcare standards. Meanwhile, the Telecommunication Electronics and Semiconductor sectors require state-of-the-art testing equipment to cope with rapidly evolving technologies and protocols.

    The Industrial and Manufacturing segment emphasizes automation and quality assurance, which are critical to maintaining productivity levels. Automotive applications focus on complying with rigorous safety and performance standards while integrating new technology for electric and autonomous vehicles.

    Other sectors also contribute significantly, presenting unique and varied needs for testing solutions. As the UK continues to invest in infrastructure and technology advancements, the Renting Leasing Test Measurement Equipment Market is poised for steady growth across these diverse applications, driven by the demand for efficient and reliable solutions in these critical areas.

    Get more detailed insights about UK Renting Leasing Test Measurement Equipment Market Research Report - Forecast till 2035

    Regional Insights

    Key Players and Competitive Insights

    The UK Renting Leasing Test Measurement Equipment Market is characterized by a diverse and competitive landscape that features various players offering a range of services and products.

    This market has experienced growth driven by technological advancements and increasing demand for precise and reliable testing equipment across various industries, including electronics, telecommunications, and automotive sectors.

    The competitive insights reflect the market dynamics where companies strive to innovate and enhance their offerings while adapting to shifting customer preferences and regulatory requirements.

    The emergence of rental and leasing models has reshaped the market significantly, providing cost-effective solutions for businesses that require high-value test measurement equipment without committing to large capital expenditures.

    The competition in this market hinges on the ability to deliver technologically sound equipment, efficient customer service, and flexible leasing terms to meet diverse client needs.

    Omicron Electronics has established a notable presence within the UK Renting Leasing Test Measurement Equipment Market by specializing in high-quality test equipment for electrical engineering applications.

    This company's strengths lie in its robust portfolio of cutting-edge products designed to provide precise and accurate measurement readings, which have earned it a reputation for reliability among UK customers.

    Omicron's commitment to innovation and quality assurance is evident in its continuous investment in research and development, allowing it to remain ahead of competitors in trends and technology. Additionally, the company has a strong customer-centric approach, providing tailored leasing options that align with client requirements, thus enhancing its competitiveness in the market.

    This strategic focus on customer satisfaction, combined with its technological prowess, enables Omicron Electronics to maintain its competitive edge in a rapidly evolving market environment.National Instruments has a solid foothold in the UK Renting Leasing Test Measurement Equipment Market, distinguished by its comprehensive suite of test and measurement solutions tailored for various industries.

    The company is recognized for its innovative software and hardware solutions that empower engineers and scientists to bring their visions to life through effective and efficient testing processes. National Instruments offers an extensive range of services, from hardware rental options to software licensing, which accommodates the diverse needs of its UK clientele.

    The company's strengths are anchored in creating synergistic partnerships through acquisitions enhancing its capabilities in automation, software tools, and data acquisition technologies. In the UK, National Instruments is perceived as a leader due to its strong market presence and commitment to quality, allowing it to cater to complex testing requirements while maximizing customer value.

    This strategic position enables the company to thrive in the competitive landscape of renting and leasing test measurement equipment as it continues to evolve and adapt to market demands.

    Key Companies in the UK Renting Leasing Test Measurement Equipment Market market include

    Industry Developments

    Recent developments in the UK Renting Leasing Test Measurement Equipment Market have seen notable activity, particularly through investments aimed at digital transformation across various sectors.

    In November 2023, Omicron Electronics launched an upgraded version of its test equipment specifically tailored for improving accuracy in electrical measurements, further strengthening its position in the industry. National Instruments has been focusing on user-friendly interfaces and integration with cloud platforms to enhance data analytics capabilities for their equipment.

    Fluke Corporation is reportedly expanding its leasing options, making it easier for customers to access high-end measurement tools without a significant upfront investment. In terms of mergers and acquisitions, no significant transactions involving the major players such as Tektronix and Keysight Technologies have been reported recently.

    The UK market has experienced a notable growth rate of approximately 5% year-on-year, driven by an increasing number of compliance regulations and an emphasis on precision in engineering applications.

    Furthermore, advancements in technology like 5G and IoT have positively influenced the demand for sophisticated test equipment, with companies like Thermo Fisher Scientific and HIOKI E.E. Corporation adapting their product lines to accommodate these emerging needs.

    Market Segmentation

    Outlook

    • Aerospace & Defense
    • Healthcare & Medical Equipment
    • Telecommunication
    • Electronics & Semiconductor
    • Industrial & Manufacturing
    • Automotive
    • Others

    Renting Leasing Test Measurement Equipment Market Product Outlook

    • General Purpose Test Equipment
    • Wireless Test Equipment
    • Semiconductor Test Equipment
    • RF Test Chambers

    Renting Leasing Test Measurement Equipment Market Component Outlook

    • Connectors
    • Cable Assemblies
    • Value Added Accessories

    Renting Leasing Test Measurement Equipment Market Application Outlook

    • Aerospace & Defense
    • Healthcare & Medical Equipment
    • Telecommunication
    • Electronics & Semiconductor
    • Industrial & Manufacturing
    • Automotive
    • Others

    Report Scope

    Report Attribute/Metric Source: Details
    MARKET SIZE 2023 243.75 (USD Million)
    MARKET SIZE 2024 256.91 (USD Million)
    MARKET SIZE 2035 451.5 (USD Million)
    COMPOUND ANNUAL GROWTH RATE (CAGR) 5.259% (2025 - 2035)
    REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
    BASE YEAR 2024
    MARKET FORECAST PERIOD 2025 - 2035
    HISTORICAL DATA 2019 - 2024
    MARKET FORECAST UNITS USD Million
    KEY COMPANIES PROFILED Omicron electronics, National Instruments, Fluke Corporation, Thermo Fisher Scientific, Tektronix, ACE Instruments, Megger, Klein Tools, Anritsu Corporation, Amprobe, MTS Systems Corporation, Keysight Technologies, HIOKI E.E. Corporation, Rohde & Schwarz, B&K Precision
    SEGMENTS COVERED Product, Component, Application
    KEY MARKET OPPORTUNITIES Increasing demand for IoT testing, Growth in renewable energy sectors, Expansion of 5G technology, Rising need for cost-effective solutions, Enhanced data analytics integration
    KEY MARKET DYNAMICS Technological advancements, Cost efficiency, Increased rental demand, Flexible leasing options, Short-term project needs
    COUNTRIES COVERED UK

    Market Highlights

    Author
    Aarti Dhapte
    Team Lead - Research

    She holds an experience of about 6+ years in Market Research and Business Consulting, working under the spectrum of Information Communication Technology, Telecommunications and Semiconductor domains. Aarti conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. Her expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc.

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    FAQs

    What is the expected market size for the UK Renting Leasing Test Measurement Equipment Market in 2024?

    The market is expected to be valued at 256.91 million USD in 2024.

    What is the projected market valuation for the UK Renting Leasing Test Measurement Equipment Market by 2035?

    The market is anticipated to reach a valuation of 451.5 million USD by 2035.

    What is the expected compound annual growth rate (CAGR) for the UK Renting Leasing Test Measurement Equipment Market from 2025 to 2035?

    The CAGR for the market is expected to be 5.259% during the forecast period from 2025 to 2035.

    Which segment of the market is projected to have the largest share in 2024?

    The General Purpose Test Equipment segment is projected to have the largest share valued at 85.0 million USD in 2024.

    What is the expected value of the Wireless Test Equipment segment in 2035?

    The Wireless Test Equipment segment is expected to be valued at 110.0 million USD in 2035.

    Who are the key players in the UK Renting Leasing Test Measurement Equipment Market?

    Major players include Omicron Electronics, National Instruments, and Fluke Corporation, among others.

    What is the projected market size for Semiconductor Test Equipment in 2024?

    The Semiconductor Test Equipment segment is projected to be valued at 70.0 million USD in 2024.

    What challenges might affect the growth of the UK Renting Leasing Test Measurement Equipment Market?

    Challenges may include technological advancements and increased competition among leading firms.

    What opportunities exist within the UK Renting Leasing Test Measurement Equipment Market?

    Emerging technologies and increased demand for testing solutions present significant opportunities for growth.

    What is the expected value for RF Test Chambers by the year 2035?

    The RF Test Chambers segment is expected to reach a valuation of 71.5 million USD by 2035.

    1. EXECUTIVE
    2. SUMMARY
    3. Market Overview
    4. Key Findings
    5. Market Segmentation
    6. Competitive Landscape
    7. Challenges and Opportunities
    8. Future Outlook
    9. MARKET INTRODUCTION
    10. Definition
    11. Scope of the study
    12. Research Objective
    13. Assumption
    14. Limitations
    15. RESEARCH
    16. METHODOLOGY
    17. Overview
    18. Data
    19. Mining
    20. Secondary Research
    21. Primary
    22. Research
    23. Primary Interviews and Information Gathering
    24. Process
    25. Breakdown of Primary Respondents
    26. Forecasting
    27. Model
    28. Market Size Estimation
    29. Bottom-Up
    30. Approach
    31. Top-Down Approach
    32. Data
    33. Triangulation
    34. Validation
    35. MARKET
    36. DYNAMICS
    37. Overview
    38. Drivers
    39. Restraints
    40. Opportunities
    41. MARKET FACTOR ANALYSIS
    42. Value chain Analysis
    43. Porter's
    44. Five Forces Analysis
    45. Bargaining Power of Suppliers
    46. Bargaining
    47. Power of Buyers
    48. Threat of New Entrants
    49. Threat
    50. of Substitutes
    51. Intensity of Rivalry
    52. COVID-19
    53. Impact Analysis
    54. Market Impact Analysis
    55. Regional
    56. Impact
    57. Opportunity and Threat Analysis
    58. UK
    59. Renting Leasing Test Measurement Equipment Market, BY Product (USD Million)
    60. General
    61. Purpose Test Equipment
    62. Wireless Test Equipment
    63. Semiconductor
    64. Test Equipment
    65. RF Test Chambers
    66. UK
    67. Renting Leasing Test Measurement Equipment Market, BY Component (USD Million)
    68. Connectors
    69. Cable
    70. Assemblies
    71. Value Added Accessories
    72. UK
    73. Renting Leasing Test Measurement Equipment Market, BY Application (USD Million)
    74. Aerospace & Defense
    75. Healthcare
    76. & Medical Equipment
    77. Telecommunication
    78. Electronics
    79. & Semiconductor
    80. Industrial & Manufacturing
    81. Automotive
    82. Others
    83. Competitive Landscape
    84. Overview
    85. Competitive
    86. Analysis
    87. Market share Analysis
    88. Major
    89. Growth Strategy in the Renting Leasing Test Measurement Equipment Market
    90. Competitive
    91. Benchmarking
    92. Leading Players in Terms of Number of Developments
    93. in the Renting Leasing Test Measurement Equipment Market
    94. Key
    95. developments and growth strategies
    96. New Product Launch/Service
    97. Deployment
    98. Merger & Acquisitions
    99. Joint
    100. Ventures
    101. Major Players Financial Matrix
    102. Sales
    103. and Operating Income
    104. Major Players R&D Expenditure.
    105. Company
    106. Profiles
    107. Omicron electronics
    108. Financial
    109. Overview
    110. Products Offered
    111. Key
    112. Developments
    113. SWOT Analysis
    114. Key
    115. Strategies
    116. National Instruments
    117. Financial
    118. Overview
    119. Products Offered
    120. Key
    121. Developments
    122. SWOT Analysis
    123. Key
    124. Strategies
    125. Fluke Corporation
    126. Financial
    127. Overview
    128. Products Offered
    129. Key
    130. Developments
    131. SWOT Analysis
    132. Key
    133. Strategies
    134. Thermo Fisher Scientific
    135. Financial
    136. Overview
    137. Products Offered
    138. Key
    139. Developments
    140. SWOT Analysis
    141. Key
    142. Strategies
    143. Tektronix
    144. Financial
    145. Overview
    146. Products Offered
    147. Key
    148. Developments
    149. SWOT Analysis
    150. Key
    151. Strategies
    152. ACE Instruments
    153. Financial
    154. Overview
    155. Products Offered
    156. Key
    157. Developments
    158. SWOT Analysis
    159. Key
    160. Strategies
    161. Megger
    162. Financial
    163. Overview
    164. Products Offered
    165. Key
    166. Developments
    167. SWOT Analysis
    168. Key
    169. Strategies
    170. Klein Tools
    171. Financial
    172. Overview
    173. Products Offered
    174. Key
    175. Developments
    176. SWOT Analysis
    177. Key
    178. Strategies
    179. Anritsu Corporation
    180. Financial
    181. Overview
    182. Products Offered
    183. Key
    184. Developments
    185. SWOT Analysis
    186. Key
    187. Strategies
    188. Amprobe
    189. Financial
    190. Overview
    191. Products Offered
    192. Key
    193. Developments
    194. SWOT Analysis
    195. Key
    196. Strategies
    197. MTS Systems Corporation
    198. Financial
    199. Overview
    200. Products Offered
    201. Key
    202. Developments
    203. SWOT Analysis
    204. Key
    205. Strategies
    206. Keysight Technologies
    207. Financial
    208. Overview
    209. Products Offered
    210. Key
    211. Developments
    212. SWOT Analysis
    213. Key
    214. Strategies
    215. HIOKI E.E. Corporation
    216. Financial
    217. Overview
    218. Products Offered
    219. Key
    220. Developments
    221. SWOT Analysis
    222. Key
    223. Strategies
    224. Rohde & Schwarz
    225. Financial
    226. Overview
    227. Products Offered
    228. Key
    229. Developments
    230. SWOT Analysis
    231. Key
    232. Strategies
    233. B&K Precision
    234. Financial
    235. Overview
    236. Products Offered
    237. Key
    238. Developments
    239. SWOT Analysis
    240. Key
    241. Strategies
    242. References
    243. Related
    244. Reports
    245. LIST
    246. OF ASSUMPTIONS
    247. UK Renting Leasing Test Measurement Equipment
    248. Market SIZE ESTIMATES & FORECAST, BY PRODUCT, 2019-2035 (USD Billions)
    249. UK
    250. Renting Leasing Test Measurement Equipment Market SIZE ESTIMATES & FORECAST,
    251. BY COMPONENT, 2019-2035 (USD Billions)
    252. UK Renting Leasing
    253. Test Measurement Equipment Market SIZE ESTIMATES & FORECAST, BY APPLICATION,
    254. 2035 (USD Billions)
    255. PRODUCT LAUNCH/PRODUCT DEVELOPMENT/APPROVAL
    256. ACQUISITION/PARTNERSHIP
    257. LIST
    258. Of figures
    259. MARKET SYNOPSIS
    260. UK
    261. RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET ANALYSIS BY PRODUCT
    262. UK
    263. RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET ANALYSIS BY COMPONENT
    264. UK
    265. RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET ANALYSIS BY APPLICATION
    266. KEY
    267. BUYING CRITERIA OF RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET
    268. RESEARCH
    269. PROCESS OF MRFR
    270. DRO ANALYSIS OF RENTING LEASING TEST
    271. MEASUREMENT EQUIPMENT MARKET
    272. DRIVERS IMPACT ANALYSIS:
    273. RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET
    274. RESTRAINTS
    275. IMPACT ANALYSIS: RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET
    276. SUPPLY
    277. / VALUE CHAIN: RENTING LEASING TEST MEASUREMENT EQUIPMENT MARKET
    278. RENTING
    279. LEASING TEST MEASUREMENT EQUIPMENT MARKET, BY PRODUCT, 2025 (% SHARE)
    280. RENTING
    281. LEASING TEST MEASUREMENT EQUIPMENT MARKET, BY PRODUCT, 2019 TO 2035 (USD Billions)
    282. RENTING
    283. LEASING TEST MEASUREMENT EQUIPMENT MARKET, BY COMPONENT, 2025 (% SHARE)
    284. RENTING
    285. LEASING TEST MEASUREMENT EQUIPMENT MARKET, BY COMPONENT, 2019 TO 2035 (USD Billions)
    286. RENTING
    287. LEASING TEST MEASUREMENT EQUIPMENT MARKET, BY APPLICATION, 2025 (% SHARE)
    288. RENTING
    289. LEASING TEST MEASUREMENT EQUIPMENT MARKET, BY APPLICATION, 2019 TO 2035 (USD Billions)
    290. BENCHMARKING
    291. OF MAJOR COMPETITORS

    UK Renting Leasing Test Measurement Equipment Market Segmentation

    • Renting Leasing Test Measurement Equipment Market By Product (USD Million, 2019-2035)

      • General Purpose Test Equipment
      • Wireless Test Equipment
      • Semiconductor Test Equipment
      • RF Test Chambers

     

    • Renting Leasing Test Measurement Equipment Market By Component (USD Million, 2019-2035)

      • Connectors
      • Cable Assemblies
      • Value Added Accessories

     

    • Renting Leasing Test Measurement Equipment Market By Application (USD Million, 2019-2035)

      • Aerospace & Defense
      • Healthcare & Medical Equipment
      • Telecommunication
      • Electronics & Semiconductor
      • Industrial & Manufacturing
      • Automotive
      • Others

     

     

     

     

     

     

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