It has become tough for Chinese manufactuers to secure bank loans, whilst China’s industrial equipment leasing value has grown 7x over the last 8 years. In this vortex comes the idea that a manufacturer does not need to own or lease assets anymore – instead, he “pays-by-use”.
Equipment as a Service (EaaS) links a production equipment to the machinery maker and stays off the customer’s book – all made possible by IIOT. What’s still missing for China is a winning pricing and engagement model.
Our white paper summarizes ten reasons why China could become a future EaaS country.