Compressor Rental Market Size, Share, Growth Report 2030

Industry Perspective:

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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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.

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 2020-2026

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