The global compressor rental market size garnered earnings worth approximately 5.73 (USD Billion) in 2019 and is set to record a CAGR of about 6.2% over the period from 2020 to 2026 | Industry Share By End-Use, Compressor Type, And Region.
Compressor Rental Market
The global compressor rental market size garnered earnings worth approximately 5.73 (USD Billion) in 2019 and is set to record a CAGR of about 6.2% over the period from 2020 to 2026. The report offers an assessment and analysis of the Compressor Rental Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2017 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Billion).
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The compressor is the mechanical equipment that helps in raising the gas pressure. Furthermore, the compressors find large-scale penetration across power, oil & gas, construction, medicine, and Mining industries. Apart from this, swift industrialization and infrastructural growth are the key factors that will contribute to the humungous demand for compressors over the coming years. A prominent rise in construction activities will culminate in huge product requirements for the construction of various commercial and residential structures.
|Report Attributes||Report Details|
|Report Name||Compressor Rental Market Research Report|
|Market Size in 2019||USD 3.57 Billion|
|Market Forecast in 2026||USD 5.73 Billion|
|Compound Annual Growth Rate||CAGR of 6.2%|
|Number of Pages||110|
|Forecast Units||Value (USD Billion), and Volume (Units)|
|Key Companies Covered||AirParts Compressors, United Rentals, Atlas Copco, ACME Fab-Con, Caterpillar, Cramco, Sunbelt Rentals, Aggreko, Ramirent, Hertz Equipment, and Ar Brasil Compressors Blueline Rental.|
|Segments Covered||By End-Use industry, By Compressor Type, And By Region|
|Regions Covered||North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA)|
|Countries Covered||North America: U.S and Canada
Europe: Germany, Italy, Russia, U.K, Spain, France, Rest of Europe
APAC: China, Australia, Japan, India, South Korea, South East Asia, Rest of Asia Pacific
Latin America: Brazil, Argentina, Chile
The Middle East And Africa: South Africa, GCC, Rest of MEA
|Historical Year||2016 to 2020|
|Forecast Year||2022 - 2030|
|Customization Scope||Avail customized purchase options to meet your exact research needs. Request For Customization|
A large-scale need for new rental air services is anticipated to steer the growth of the compressor rental industry over the forecast timespan. Additionally, compressors find humungous utility in domestic activities. Furthermore, it also aids the transfer of air across myriad sectors including oil extraction, chemical plants, transportation, automotive, and beverages.
Additionally, renting of personalized compressors is predicted to provide cost benefits to the buyer along with a reduction of greater repair costs owing to the breakdown of the system. Apparently, customers prefer technologically upgraded air compressors as pneumatic power equipment in the commercial sector. Furthermore, these products are utilized as air saws, pneumatic drills, and jackhammers. Escalating demand for pneumatic devices in the construction & manufacturing sectors will result in huge market demand over the coming years.
The regional market growth over the forecast timeline is due to incessant development witnessed in chemical & Mining sectors in the countries like China. Apart from this, a rise in the number of commercial & residential construction and manufacturing units in China will propel the market trends in the Asia Pacific zone.
Key players profiled in the report include
The global compressor rental market is segmented as follows:
By End-Use Industry:
By Compressor Type:
The key growth drivers that will steer the market growth include large-scale demand for new rental air services in a spectrum of industries.
The CAGR of the industry is expected to be nearly 6.2% during the forecast timespan.
Asia Pacific region will contribute remarkably towards the global market revenue over the estimated timeline.
The key market participants include AirParts Compressores, United Rentals, Atlas Copco, ACME Fab-Con, Caterpillar, Cramco, Sunbelt Rentals, Aggreko, Ramirent, Hertz Equipment, and Ar Brasil Compressores Blueline Rental.