Europe Renting and Leasing Test and Measurement Equipment Market

What is the Europe Renting and Leasing Test and Measurement Equipment Market Size?

As per the survey report on Europe renting and leasing test and measurement equipment market, the market is expected to foresee a CAGR value of 4.3% during 2026-2036, and further generate a market size of USD 3.2 billion by the end of 2036. In 2025, the market size was value at USD 1.9 billion revenue.

• The Europe renting and leasing test and measurement equipment market’s growth is driven by growing demand from aerospace and automotive sector.
• KDMI analyst’s growth analysis foresees limited availability of equipment as restraint for Europe renting and leasing test and measurement equipment market.
• In the Europe renting and leasing test and measurement equipment market, automotive sector segment is playing significant role.
• Germany and France are leading countries in the Europe renting and leasing test and measurement equipment market.

Europe Renting and Leasing Test and Measurement Equipment Market Analysis

Renting and leasing test and measurement equipment involves temporarily acquiring devices such as oscilloscopes, spectrum analyzers, and network testers—from specialized vendors, avoiding large upfront capital expenditures. Renting offers short-term flexibility, while leasing suits long-term, 12 to 60-month needs, often including maintenance and technical support. The market growth is supported by increasing renting and leasing models demand from industries such as electronics, telecom, automotive, and manufacturing. According to Eurostat data, in 2024, EU’s industrial production in high technology manufacturing sector has increased by 5.2% year-on-year. This supports use of temporary and project-based test and measurement equipment across industries. Moreover, the Renting & Leasing Test and Measurement Equipment Market is also influenced by the growing emphasis on sustainability and resource optimization.

Europe Renting and Leasing Test and Measurement Equipment Market Growth Drivers and Restraints

Growth Drivers

• Growing demand from aerospace sector – Europe’s well-established aerospace industry is a key driver for the renting and leading test and measurement equipment market. Leading countries in the region are France and Germany that are supported by strong presence of Airbus, continuously engaging in aircraft design, manufacturing, maintenance, and testing activities. According to ASD report, the aerospace industry generated approximately Euro 290.0 billion in turnover and supported 1.0 million direct jobs in 2024, creating strong demand for leased calibration system, avionics testing platforms, and electronic measurement instruments for aircraft manufacturing and other operations. Additionally, stricter regulatory compliance for safety and performance requiring frequent upgrades and recalibration of testing systems makes leasing a more flexible and affordable solution. Moreover, the growing focus on next-generation aircraft is further accelerating demand for advanced testing tools, thereby boosting the rental and leasing market.
• Rising testing requirements in the automotive industry – The automotive sector of the country is evolving toward a significant transition with rapid shift from conventional vehicles to electric vehicles (EVs), autonomous driving technologies, and connected car systems. In 2024, the region produced 14.8 million motor vehicles, including passenger cars, commercial vehicles, trucks, and buses. This leads in the generation of strong demand for leased electronic test and measurement equipment used in automotive products. Moreover, this significant transformation is increasing the need for battery performance testing, power electronics validation, electromagnetic compatibility testing, and autonomous system verification. In 2024, EU registered approximately 2.0 million battery-electric vehicles (BEVs). Hence, the demand is necessary due to rapid growth in number of EV registrations across the region.

Restraints

• High maintenance and operational costs – The Europe’s industries require regular calibration and maintenance to ensure accuracy and performance, thereby putting pressure on profitability and cost-efficiency. These expensive processes also increase operational costs, especially for rental providers. Therefore, the cost burden is further passed on to customers that limits overall market expansion.
• Limited availability of specialized equipment – Another restraint is that high-end and niche testing instruments are not always available for rent due to limited production and high acquisition costs, which can delay in project timelines. Thus, this reduces attractiveness of rental models.

Europe Renting and Leasing Test and Measurement Equipment Market Segmentation

Our experts at KD Market Insights have segmented the Europe renting and leasing test and measurement equipment market research report as:

Analyst’s Observation on Europe Renting and Leasing Test and Measurement Equipment Market Recent Developments

Over the years, the experts at KD Market Insights have been observing the recent developments associated with Europe renting and leasing test and measurement equipment market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

Electro Rent has announced the European expansion of its strategic distribution agreement with EXFO, the communications industry’s test, monitoring and analytics experts. The agreement aims to enhance the existing collaboration between EXFO and Electro Rent by adding European distribution to an already robust rental and certified pre-owned (CPO) portfolio.

Electro Rent is reintroducing and extending its distribution agreement with Keysight Technologies (Keysight) in Europe. This move will provide customers a more procurement choices that combine the measurement expertise and product breadth of Keysight with Electro Rent’s speed, convenience, and fast shipping from its European warehouses and logistics hubs.

Europe Renting and Leasing Test and Measurement Equipment Market Competitive Landscape

Some of the significant participants who top the Europe renting and leasing test and measurement equipment market growth:

• STULZ GmbH
• Rittal GmbH & Co. KG
• Schneider Electric SE
• Vertiv Co.
• Submer Technologies
• Alfa Laval AB
• Airedale International Air Conditioning
• CIAT Group
• Munters Group AB
• Cool IT Systems