Used and Rental General Purpose Test Equipment Market in Southeast Asia
This research service analyses the used and rental general purpose test equipment market in Southeast Asia. The market is currently at a nascent stage. One of the main drivers of market growth is the expansion of manufacturing and development activities in the region. Strong customer support, fast turn-around time, and better transportation charges are among the key success factors in this market. The study discusses the market drivers and restraints and examines the used and the rental segment opportunities. Moreover, the competitive factors in the market and the best practices are also analysed. The base year for the study is 2013 with forecasts provided till 2018.
The total used and rental general purpose test equipment market in Southeast Asia (SEA) was valued at $ million in 2013, and is expected to grow at a compound annual growth rate (CAGR) of % till 2018.
The used test equipment segment is more established in SEA and accounted for % of the total market revenue in 2013; while the rental test equipment segment is still nascent, and contributed the remaining %.
The expansion of manufacturing and development activities in SEA is an important driver of the market.
Uncertain economic conditions, at both regional and global levels, have forced customers to minimise costs on capital expenditure. Hence, they are seeking out for alternatives such as refurbished test equipment and rented test equipment.
Strong customer support, fast turn-around time, and better transportation charges are some of the key success factors in this market.
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