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The global compressor rental market size reached US$ 3.9 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.6 Billion by 2027, exhibiting a growth rate (CAGR) of 6.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
A compressor is a compact and noise-free device used to increase the pressure of a gas by decreasing its volume. It finds applications in the various sectors including mining, construction, power, manufacturing, chemical and oil and gas. In recent years, compressor rental services have emerged as a preferred option among end users as compared to installing the new devices, as compressor rental provides the advantage of saving capital expenses while keeping production operations smooth and consistent.
The increasing application of compressors in piling, blasting, concrete spraying, and operating pneumatic tools in the construction sector represents one of the key factors bolstering the market growth. Moreover, the rising mining activities on account of the escalating demand for precious metals, such as gold, silver and platinum, is spurring the growth of the market. Furthermore, the leading players are introducing advanced energy efficient compressors with variable speed drives, which is acting as another growth-inducing factor. The increasing demand of customized compressor rental solutions across construction, healthcare and oil & gas industries is also augmenting the market growth as these systems reduce additional repair costs resulting from system breakdowns and thus are cost-efficient. Besides this, as these compressors are also used in the air filtration systems, emergency mattresses, service carts and wheelchairs inside the hospitals, the demand for rental services is anticipated to escalate in the healthcare sector in the upcoming years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global compressor rental market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on technology type, compressor type and end use industry.
Breakup by Technology Type:
Breakup by Compressor Type:
Breakup by End Use Industry:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Acme Fabcon India Private Limited, Aggreko Plc, Ar Brasil Compressores Ltda, Ashtead Group Plc, Atlas Copco AB, Caterpillar Inc., Herc Rentals Inc., Ingersoll-Rand US Trane Holdings Corporation (Trane Technologies Plc), Ramirent Finland Oy (Loxam) and United Rentals Inc.
|Base Year of the Analysis||2021|
|Segment Coverage||Technology Type, Compressor Type, End Use Industry, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Countries Covered||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico|
|Companies Covered||Acme Fabcon India Private Limited, Aggreko Plc, Ar Brasil Compressores Ltda, Ashtead Group Plc, Atlas Copco AB, Caterpillar Inc., Herc Rentals Inc., Ingersoll-Rand US Trane Holdings Corporation (Trane Technologies Plc), Ramirent Finland Oy (Loxam) and United Rentals Inc.|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
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