The continuing increase in demand in Europe for instrument rental and leasing, which is currently estimated to be around €58 to €60 M, has led Electro Rent Europe to expand its operation into the UK. Having launched its European operations in January this year with offices in Mechelen, Belgium, this move is a natural progression for the Electro Rent Corp. It recognizes the fact that the UK is the largest single rental market in Europe, representing a 35 to 45 percent share, closely followed by France at 30 percent.
Key European industry sectors for equipment rental are aerospace and defense, wired and wireless communications, semiconductors and IT. Also, the company sees highly active developments in the wireless and telecommunications industries creating significant and fast growing opportunities for equipment rental, especially for RF, microwave and specialist network and communications test sets.
Martin Smith, Electro Rent Europe’s UK account manager, commented, “With shorter product lifetimes, complex supply chains, more short-term contracts, the multiplicity of standards and increasing time to market pressures, developers are having to work smarter and faster. The benefits of renting high technology equipment have never looked more attractive.”
Looking forward Electro Rent Europe aims to become one of the main market players in electronic instrument rental in Europe within five years. Significant investment is being made in the European facility, which includes 750 m2 of warehousing and a newly equipped laboratory, to ensure a better service for European customers, providing faster response (next day from stock), greater flexibility and more cost effective solutions.
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