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The Compressor Rental Market size was estimated at USD 4.57 billion in 2023, USD 4.81 billion in 2024, and is expected to grow at a CAGR of 5.64% to reach USD 6.71 billion by 2030. Speak directly to the analyst to clarify any post sales queries you may have.
Compressor rental refers to the service of leasing compressors for various industrial, construction, or personal purposes rather than purchasing them outright. Compressors are essential tools that supply compressed air or gas for numerous applications, including powering pneumatic equipment, painting, sandblasting, and providing breathable air for divers or in contaminated environments.
Rises in infrastructure projects and mining operations and growing seasonal demand or facing project-based requirements of rental compressors are driving the market growth. The high cost of maintaining and operating a fleet of rental compressors and Increasing inclination towards equipment ownership could restrict the rental market's growth. Innovations in compressor design and efficiency along with technological advancements, and ecological concerns are expected to create opportunities for market expansion.
Regional Insights
The compressor rental market in the Americas is characterized by a robust demand in industries such as construction, mining, and oil and gas, particularly in North America. The United States has the presence of established players and advanced infrastructure projects. Innovation and environmentally sustainable solutions are increasingly becoming a competitive edge for companies in this region. The Asia-Pacific region exhibits a rapidly growing compressor rental market, fueled by the booming construction industry, particularly in countries such as China and India. The region is witnessing increased infrastructure development projects and significant investment in industrial manufacturing.The market is price-sensitive, and there is a growing shift towards oil-free compressors due to stringent environmental regulations being adopted. Additionally, local players have a strong presence in the market, competing with global corporations by offering cost-effective solutions. EMEA's compressor rental market varies widely across the region, with Europe leading in market maturity and regulatory standards. Adopting stringent environmental norms, especially in the European Union, promotes the use of energy-efficient and low-emission compressors. The oil and gas sector drives the Middle East's market focus, while Africa is witnessing a rise in mining activities. Both sub-regions present opportunities for substantial growth in the compressor rental market. Industry players in this region are investing in fleet modernization to comply with regulatory standards and fulfill the demand for advanced compressor technologies.
Market Trends by Segment
- Type: Rising demand for rotary screw compressors owing to their lower operating costs can lead to savings over time
- End-use: Growing utilization of compressor rental in the construction and mining projects for their scalability and ease of integration with existing operations
Industry Insights
- Market Dynamics
- Market Disruption Analysis
- Porter’s Five Forces Analysis
- Value Chain & Critical Path Analysis
- Pricing Analysis
- Technology Analysis
- Patent Analysis
- Trade Analysis
- Regulatory Framework Analysis
- FPNV Positioning Matrix
- Market Share Analysis
- Strategy Analysis and Recommendations
Recent Developments
Cummins Arabia and Sullivan Palatek Form Strategic Alliance to Distribute Portable Air Compressors in the UAE
Cummins Arabia partnered with Sullivan Palatek Asia (SPA) to distribute SPA's diesel-driven portable air compressors. Renowned for their innovation and reliability, Sullivan Palatek's products are a natural fit within Cummins Arabia's expansive sales and service network. With an eye on future growth, the collaboration promises to extend Cummins Arabia's reach while solidifying its influence in industries such as Equipment Rental, Construction, and Oil & Gas.Atlas Copco completes acquisition of specialty dewatering services provider in Australia
Atlas Copco AB acquired National Pump & Energy (NPE), a player in dewatering, environmental services, and water treatment in Australia and New Zealand. With this acquisition, Atlas Copco has integrated NPE into its Specialty Rental Division under the Power Technique Business Area, signaling a strategic expansion of its robust service offerings.Sullair Announces Release of E1035H Electric Portable Compressor as Part of Long-Term Climate Action Strategy
Sullair unveiled the E1035H electric portable compressor to achieve a carbon-neutral value chain and support Hitachi Group's environmental goals. The E1035H boasts the legendary reliability and performance synonymous with Sullair's robust design and offers an eco-friendly alternative to traditional diesel models.Key Company Profiles
The report delves into recent significant developments in the Compressor Rental Market, highlighting leading vendors and their innovative profiles. These include Acme Fabcon India Private Limited, Aggreko PLC, ALMiG Kompressoren GmbH, Ashtead Group PLC, Atlas Copco AB, CAPS Australia, Caterpillar Inc., Central Power Systems & Services, Clexen Rentals Pvt. Ltd., Cummins Inc., GenAir UK Ltd, H&E Equipment Services Inc., Hitachi, Ltd., HSS Hire Services Group, Ingersoll Rand, KAESER COMPRESSORS, Kirby Corporation, LOXAM, Metro Air Compressor, Modern Energy Rental Pvt. Ltd., NiGen International L.L.C., Sauer Compressors USA, Inc., Shaktiman Equipments Pvt Ltd., United Rentals, Inc., and Wiseworth Canada.This research report offers invaluable insights into various crucial aspects of the Compressor Rental Market:
- Market Penetration: This section thoroughly overviews the current market landscape, incorporating detailed data from key industry players.
- Market Development: The report examines potential growth prospects in emerging markets and assesses expansion opportunities in mature segments.
- Market Diversification: This includes detailed information on recent product launches, untapped geographic regions, recent industry developments, and strategic investments.
- Competitive Assessment & Intelligence: An in-depth analysis of the competitive landscape is conducted, covering market share, strategic approaches, product range, certifications, regulatory approvals, patent analysis, technology developments, and advancements in the manufacturing capabilities of leading market players.
- Product Development & Innovation: This section offers insights into upcoming technologies, research and development efforts, and notable advancements in product innovation.
Additionally, the report addresses key questions to assist stakeholders in making informed decisions:
- What is the current market size and projected growth?
- Which products, segments, applications, and regions offer promising investment opportunities?
- What are the prevailing technology trends and regulatory frameworks?
- What is the market share and positioning of the leading vendors?
- What revenue sources and strategic opportunities do vendors in the market consider when deciding to enter or exit?
With the purchase of this report at the Multi-user License or greater level, you will have access to one hour with an expert analyst who will help you link key findings in the report to the business issues you're addressing. This will need to be used within three months of purchase.
This report also includes a complimentary Excel file with data from the report for purchasers at the Site License or greater level.
Table of Contents
1. Preface
2. Research Methodology
5. Market Insights
6. Compressor Rental Market, by Type
7. Compressor Rental Market, by End-use
8. Americas Compressor Rental Market
9. Asia-Pacific Compressor Rental Market
10. Europe, Middle East & Africa Compressor Rental Market
11. Competitive Landscape
12. Competitive Portfolio
List of Figures
List of Tables
Companies Mentioned
- Acme Fabcon India Private Limited
- Aggreko PLC
- ALMiG Kompressoren GmbH
- Ashtead Group PLC
- Atlas Copco AB
- CAPS Australia
- Caterpillar Inc.
- Central Power Systems & Services
- Clexen Rentals Pvt. Ltd.
- Cummins Inc.
- GenAir UK Ltd
- H&E Equipment Services Inc.
- Hitachi, Ltd.
- HSS Hire Services Group
- Ingersoll Rand
- KAESER COMPRESSORS
- Kirby Corporation
- LOXAM
- Metro Air Compressor
- Modern Energy Rental Pvt. Ltd.
- NiGen International L.L.C.
- Sauer Compressors USA, Inc.
- Shaktiman Equipments Pvt Ltd.
- United Rentals, Inc.
- Wiseworth Canada
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 185 |
| Published | May 2024 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value ( USD | $ 4.81 Billion |
| Forecasted Market Value ( USD | $ 6.71 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 25 |
