Market Overview:
The global compressor rental market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for compressed air in various industries such as construction, mining, oil & gas, power, manufacturing and chemical. Additionally, the growing demand for compressed air in emerging countries is also contributing to the growth of this market. On the basis of type, rotary screw compressors are expected to account for a major share of the global compressor rental market during the forecast period. This can be attributed to their high efficiency and low noise levels as compared with reciprocating compressors.
Product Definition:
Compressor rental is the process of renting a compressor from a compressor rental company. The importance of compressor rental is that it allows businesses to have access to compressed air when they need it without having to purchase their own compressor.
Rotary Screw:
Rotary screw is a device used in compressor to increase the flow of air. It works by causing a rapid change of direction and speed in the airflow, which helps it to move more air with less power. The product has several advantages such as it can handle unevenly distributed workload, provides increased safety during operation and also reduces noise levels making them suitable for rental purposes.
Reciprocating:
Reciprocating compressor is a mechanical device used for increasing and decreasing the volume of a gas by compressibility. It works on the principle that increases in pressure will cause an increase in flow, and decreases in pressure will cause a decrease in flow. These compressors are mainly used to deliver air or other gases at constant pressure regardless of changes occurring across different points within the system.
Application Insights:
The construction application segment accounted for the largest share of over 30.0% in 2017 and is expected to grow at a significant rate over the forecast period. The growth can be attributed to increasing urbanization, which has resulted in an increased demand for construction equipment compressors across the globe.
Construction machinery include compressive force devices, concrete saws, road rollers, dragline excavators and motor graders among others. These machines are used on large scale projects such as railway lines, highways and airports among others globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to rising industrialization, increasing construction activities, and rapid economic development in emerging countries such as China and India. Furthermore, growing demand for energy due to population growth will drive the regional market further.
The Asia Pacific region is characterized by a large number of service providers that offer rental services through online as well as offline channels. These companies are expanding their presence across developing countries at a significant pace owing to high potential for expansion of industrial sector along with government support for infrastructure development projects including hospitals, schools & colleges, airports etc.; which will fuel industry growth over the next eight years or so.
Europe accounted for more than 20% share of global revenue in 2017 owing to high demand from end-use industries such as oil & gas; power; manufacturing; construction; etc.
Growth Factors:
- Increasing demand for compressed air in various industries
- Growing awareness about the benefits of compressed air rental services
- Rising investments in infrastructure development by governments and private players
- Proliferation of small and medium-sized businesses that need compressed air on a regular basis
- Technological advancements that make compressor rental services more efficient and cost-effective
Scope Of The Report
Report Attributes
Report Details
Report Title
Compressor Rental Market Research Report
By Type
Rotary Screw, Reciprocating
By Application
Construction, Mining, Oil & Gas, Power, Manufacturing, Chemical, Others
By Companies
Atlas Copco, Ingersoll Rand, United Rentals, Caterpillar Inc., Hertz Equipment Rental Corporation, Ashtead Group PLC, Aggreko PLC
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
156
Number of Tables & Figures
110
Customization Available
Yes, the report can be customized as per your need.
Global Compressor Rental Market Report Segments:
The global Compressor Rental market is segmented on the basis of:
Types
Rotary Screw, Reciprocating
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Construction, Mining, Oil & Gas, Power, Manufacturing, Chemical, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Atlas Copco
- Ingersoll Rand
- United Rentals
- Caterpillar Inc.
- Hertz Equipment Rental Corporation
- Ashtead Group PLC
- Aggreko PLC
Highlights of The Compressor Rental Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Rotary Screw
- Reciprocating
- By Application:
- Construction
- Mining
- Oil & Gas
- Power
- Manufacturing
- Chemical
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Compressor Rental Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Compressor rental is the use of a compressor to increase the air pressure in an area. This can be used to create a higher level of oxygenation for medical equipment, clean up oil spills, and more.
Some of the major companies in the compressor rental market are Atlas Copco, Ingersoll Rand, United Rentals, Caterpillar Inc., Hertz Equipment Rental Corporation, Ashtead Group PLC, Aggreko PLC.
The compressor rental market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Compressor Rental Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Compressor Rental Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Compressor Rental Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Compressor Rental Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Compressor Rental Market Size & Forecast, 2020-2028
4.5.1 Compressor Rental Market Size and Y-o-Y Growth
4.5.2 Compressor Rental Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Rotary Screw
5.2.2 Reciprocating
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Construction
6.2.2 Mining
6.2.3 Oil & Gas
6.2.4 Power
6.2.5 Manufacturing
6.2.6 Chemical
6.2.7 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Compressor Rental Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Compressor Rental Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Rotary Screw
9.6.2 Reciprocating
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Construction
9.10.2 Mining
9.10.3 Oil & Gas
9.10.4 Power
9.10.5 Manufacturing
9.10.6 Chemical
9.10.7 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Rotary Screw
10.6.2 Reciprocating
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Construction
10.10.2 Mining
10.10.3 Oil & Gas
10.10.4 Power
10.10.5 Manufacturing
10.10.6 Chemical
10.10.7 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Rotary Screw
11.6.2 Reciprocating
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Construction
11.10.2 Mining
11.10.3 Oil & Gas
11.10.4 Power
11.10.5 Manufacturing
11.10.6 Chemical
11.10.7 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Rotary Screw
12.6.2 Reciprocating
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Construction
12.10.2 Mining
12.10.3 Oil & Gas
12.10.4 Power
12.10.5 Manufacturing
12.10.6 Chemical
12.10.7 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Rotary Screw
13.6.2 Reciprocating
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Construction
13.10.2 Mining
13.10.3 Oil & Gas
13.10.4 Power
13.10.5 Manufacturing
13.10.6 Chemical
13.10.7 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Compressor Rental Market: Competitive Dashboard
14.2 Global Compressor Rental Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Atlas Copco
14.3.2 Ingersoll Rand
14.3.3 United Rentals
14.3.4 Caterpillar Inc.
14.3.5 Hertz Equipment Rental Corporation
14.3.6 Ashtead Group PLC
14.3.7 Aggreko PLC
