Compressor Rental Market Analysis by Industry Size, Future Evolution, Scope 2021-2026
- Edward E. Breen
- Sep 9, 2021
- 3 min read
According to IMARC Group’s latest report, titled “Compressor Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025”, the global compressor rental market grew at a CAGR of around 6% during 2014-2019. Compressor rental is a service that enables renting of a compressor for a predefined period. It is widely utilized by industries, including mining, manufacturing, power, and chemical. At present, it is gaining immense traction around the world as it saves capital expenses and helps keep the production operations smooth and consistent.
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There is currently a rise in mining activities worldwide on account of the escalating demand for precious metals, such as silver, gold, and platinum. This represents one of the key factors propelling the growth of the market. Apart from this, there is a rise in the utilization of compressor rental solutions in the healthcare and oil and gas industries across the globe. This can be accredited to the benefits of renting, such as reduced additional repair costs. Furthermore, the increasing application of compressors in concrete spraying, piling, blasting, and operating pneumatic tools in the construction sector is positively influencing the demand for compressor rental services. Looking forward, IMARC Group expects the global compressor rental market to continue its moderate growth during the next five years.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviors of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Competitive Landscape with Key Players:
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)
United Rentals Inc.
Market Segmentation:
Breakup by Technology Type:
Rotary Screw
Reciprocating
Centrifugal
Breakup by Compressor Type:
Air Compressor
Gas Compressor
Breakup by End Use Industry:
Construction
Mining
Oil and Gas
Power
Manufacturing
Chemical
Others
Breakup by Region:
North America (United States, Canada)
Europe (Germany, France, United Kingdom, Italy, Spain, Others)
Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
Latin America (Brazil, Mexico, Others)
Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Others)
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Key highlights of the report:
Market Performance (2014-2019)
Market Outlook (2020-2025)
Market Trends
Market Drivers and Success Factors
The Impact of COVID-19 on the Global Market
Value Chain Analysis
Structure of the Global Market
Comprehensive mapping of the competitive landscape
If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization. Related Reports by IMARC Group:
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