Compressor Rental Market to Gain Air with 6.5% CAGR, Driven by Construction Boom
The global compressor rental market is set to inflate, with Maximize Market Research predicting a steady growth rate of 6.5% to reach nearly US$6.27 billion by 2029. This press release examines the factors propelling this expansion and the growing demand for flexible compressed air solutions across industries.
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Overview
Compressors are vital for powering various industrial applications. The compressor rental market caters to businesses that require temporary compressed air, offering a cost-effective and convenient alternative to ownership.
Market Scope
The Maximize Market Research report provides a comprehensive analysis of the global compressor rental market, segmented by compressor type (reciprocating, rotary screw) and end-use industry (construction, mining, oil & gas, etc.). The report also delves into regional trends across North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Research Methodology
Maximize Market Research leverages a rigorous approach, employing both primary and secondary research sources to ensure accurate and insightful analysis.
Segmentation Highlights
- Compressor Type: Rotary screw compressors are expected to hold a dominant share due to their efficiency and suitability for a wide range of applications.
- End-Use Industry: The construction industry is projected to be the primary driver of growth, fueled by rising infrastructure development projects globally.
Key Players
- Atlas Copco Ltd. (Sweden)
- Ingersoll-Rand plc (Ireland)
- Cisco Air Systems (US)
- Ar Brasil Compressores (Brazil)
- United Rentals, Inc. (US)
- Kompresory PEMA (Poland)
- Coates Hire (Australia)
- Caterpillar Inc. (US)
- Hertz Equipment Rental Corporation (US)
- Sunbelt Rentals (US)
- Other notable players
Driving Forces
- Increasing demand for temporary compressed air solutions in construction and manufacturing
- Rising focus on cost-effectiveness and operational flexibility
- Stringent environmental regulations leading to a preference for renting equipment to minimize upfront costs
- Growth in developing economies with expanding industrial sectors
Blowing Away the Competition
The compressor rental market is poised for continued growth as industries seek efficient and adaptable compressed air solutions. This press release sheds light on the promising future of this market, where factors like rising construction activity and environmental considerations will continue to inflate demand for rental compressors.
- Global Compressor Rental Market: Research Methodology
- Global Compressor Rental Market: Executive Summary
- Market Overview and Definitions
- Introduction to Global Compressor Rental Market
- Summary
- Key Findings
- Recommendations for Investors
- Recommendations for Market Leaders
- Recommendations for New Market Entry
- Global Compressor Rental Market: Competitive Analysis
- MMR Competition Matrix
- Market Structure by region
- Competitive Benchmarking of Key Players
- Consolidation in the Market
- M&A by region
- Key Developments by Companies
- Market Drivers
- Market Restraints
- Market Opportunities
- Market Challenges
- Market Dynamics
- PORTERS Five Forces Analysis
- PESTLE
- Regulatory Landscape by region
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America
- COVID-19 Impact
- Global Compressor Rental Market Segmentation
- Global Compressor Rental Market, by Type (2023-2029)
- Global Compressor Rental Market, by Application (2023-2029)
- Regional Compressor Rental Market(2023-2029)
- Regional Compressor Rental Market, by Type (2023-2029)
- Regional Compressor Rental Market, by Application (2023-2029)
- Regional Compressor Rental Market, by Country (2023-2029)
- Company Profile: Key players
- Company Overview
- Financial Overview
- Global Presence
- Capacity Portfolio
- Business Strategy
- Recent Developments
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