Compressor Rental Market Size & Share Report, Growth, Trends, 2032

Global Compressor Rental Market Insights

According to Zion Market Research, the global Compressor Rental Market was worth USD 74.83 Billion in 2023. The market is forecast to reach USD 165.22 Billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Compressor Rental industry over the next decade.

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Introduction

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.

Global Compressor Rental Market: Segmentation

The study provides a decisive view of the compressor rental market by segmenting the market based on by end-use industry, by compressor type and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

By End-Use Industry segment analysis includes Oil & Gas, Construction, Mining, Power, Manufacturing, Chemical, Manufacturing.

By Compressor type segment analysis includes Reciprocating and Rotary Screw.

The regional segment includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Compressor Rental Market: Report Scope

Market Growth Dynamics

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.

Asia Pacific To Dominate Overall Industry Surge During 2024-2032

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 Market Players & Competitive Landscape

Key players profiled in the report include 

• AirParts Compressors
• United Rentals
• Atlas Copco
• ACME Fab-Con
• Caterpillar
• Cramco
• Sunbelt Rentals
• Aggreko
• Ramirent
• Hertz Equipment
• Ar Brasil Compressors Blueline Rental.

The global compressor rental market is segmented as follows:

By End-Use Industry:

• Oil & Gas
• Construction
• Mining
• Power
• Manufacturing
• Chemical
• Manufacturing

By Compressor Type:

• Reciprocating
• Rotary Screw

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa