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    Compressor Rental Market Report

    Compressor Rental Market Report
    Report code - SR2827 Delivery - 2 Weeks
    Compressor Rental Market Size, Share, Trend, Forecast, Competitive Analysis, and Growth Op See more...

    Market Highlights

    Compressor rental refers to the practice of leasing or renting out compressors to individuals or businesses for a temporary period instead of purchasing them outright. A compressor is a mechanical device that increases the pressure of a gas by reducing its volume. Compressors are used in various industries and applications, including construction, manufacturing, oil and gas, refrigeration, and HVAC (heating, ventilation, and air conditioning). Renting a compressor can be beneficial for businesses or individuals who have short-term needs, need a backup during maintenance or repair of their own equipment, or have a temporary increase in demand. It allows them to access the equipment they need without the upfront cost of purchasing it outright, and they also don't have to worry about ongoing maintenance and storage when they're not using it.

    The compressor rental market is likely to rebound at a promising CAGR of 5.8%, in the long run, to reach US$ 6.2 Billion in 2028 owing to ongoing construction projects and infrastructure development worldwide, there is a continuous demand for compressors to power pneumatic tools, provide air for cleaning, and support various construction activities. The oil and gas sector heavily relies on compressors for tasks such as gas compression, wellhead boosting, and pipeline maintenance. Fluctuations in oil prices and the need for efficient operations drive demand for compressor rentals in this industry. Increasing environmental regulations and a growing emphasis on energy efficiency drive businesses to seek more sustainable solutions. Renting compressors allows companies to access the latest technology without long-term commitment, enabling them to comply with regulations and reduce energy consumption.

    Market Segment Analysis

    Segmentations

    List of Sub-Segments

    Dominant and Fastest-Growing Segments

    End-Use Industry Analysis

    Construction, Mining, Oil & Gas, Power, Manufacturing, and Chemical

    Construction is anticipated to remain the biggest demand generator in the years to come.

    Compressor Type Analysis

    Rotary Screw and Reciprocating

    The rotary screw is expected to lead the market in the forecasted period.

    Regional Analysis

    North America, Europe, Asia-Pacific, and The Rest of the World

    Asia-Pacific is expected to remain the largest market over the next five years.

     

    Based on the end-use industry, the compressor rental market is segmented into construction, mining, oil & gas, power, manufacturing, and chemical, Construction industry is expected to remain the largest end-use industry in the market during the forecast period as the construction projects often require a diverse range of equipment, including compressors, for tasks such as powering pneumatic tools, operating machinery, and providing ventilation. Renting compressors offers construction companies flexibility, as they can easily adjust the size and type of compressor to match the specific needs of each project without incurring the high upfront costs of purchasing equipment. Additionally, renting compressors allows construction companies to access the latest technology and models, ensuring optimal efficiency and performance on their projects. Furthermore, the cyclical nature of construction activity can result in fluctuating demand for compressors, making rental options more attractive than ownership for many companies looking to manage costs during periods of reduced activity.

    Based on the compressor type, the market is segmented into rotary screw, and reciprocating. Rotary Screw is expected to remain the dominant compressor in the market during the forecast period owing to the design offering a combination of high efficiency, reliability, and versatility, making them well-suited for a wide range of applications across various industries. Their ability to deliver a continuous supply of compressed air at a consistent pressure level is particularly advantageous for industrial processes and manufacturing operations where uninterrupted operation is essential. Additionally, rotary screw compressors are known for their compact size and relatively quiet operation compared to other compressor types, making them suitable for installation in various environments, including indoor settings where noise and space constraints may be a concern.

    In terms of regions, Asia-Pacific is expected to remain the largest market for compressor rental during the forecast period. This region is experiencing rapid industrialization and urbanization, driving significant demand for construction, manufacturing, and infrastructure development projects. These industries often require compressed air for various applications, such as pneumatic tools, machinery operation, and ventilation systems, creating a substantial market for compressor rental services. Moreover, APAC economies are characterized by a large number of small and medium-sized enterprises (SMEs) that may prefer renting compressors over purchasing them outright due to cost considerations and flexibility requirements. Additionally, many companies in APAC may opt for compressor rental services to mitigate the risks associated with equipment ownership, such as maintenance costs, depreciation, and obsolescence.

    Key Players

    The following are the key players in the compressor rental market:

    • Atlas Copco
    • United Rentals, Inc.
    • Ingersoll Rand
    • Caterpillar Inc.
    • Hertz Equipment Rental Corporation
    • Ashtead Group Plc
    • H&E Equipment Services
    • Loxam Group
    • HSS Hire

    Research Methodology

    This strategic assessment report from Stratview Research provides a comprehensive analysis that reflects today’s compressor rental market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner in order to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate the growth strategies to expedite their growth process.

    This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 15 detailed primary interviews with market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market. The following are the key features of the report:

    • Market structure: Overview, industry life cycle analysis, supply chain analysis
    • Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, Product portfolio, New Product Launches, etc.
    • COVID-19 impact and its recovery curve
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for existing and new players
    • Key success factors

    The compressor rental market is segmented into the following categories. 

    Compressor Rental Market, by End Use Industry

    • Construction (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Mining (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Oil & Gas (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Power (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Manufacturing (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Chemical (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Compressor Rental Market, by Compressor Type

    • Rotary Screw (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Reciprocating (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Compressor Rental Market, by Region

    • North America (Country Analysis: The USA, Canada, and Mexico)
    • Europe (Country Analysis: Germany, France, The UK, Russia, and The Rest of Europe)
    • Asia-Pacific (Country Analysis: Japan, China, India, and The Rest of Asia-Pacific)
    • Rest of the World (Country Analysis: Brazil, Argentina, and Others)

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to three players)
    • SWOT analysis of key players (up to three players)

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com

    Frequently Asked Questions

    The compressor rental market is estimated to grow at a CAGR of 5.8% by 2028, driven by increased demand from construction and manufacturing sectors, preference for cost-effective and flexible equipment solutions, and growing emphasis on energy efficiency and environmental sustainability.

    Atlas Copco, United Rentals, Inc., Ingersoll Rand, Caterpillar Inc., and Hertz Equipment Rental Corporation are the leading players in the compressor rental market.

    Asia-Pacific is estimated to remain dominant in the compressor rental market in the foreseeable future due to due to rapid industrialization, infrastructure development, and the presence of numerous SMEs preferring cost-effective rental solutions amidst the region's diverse and growing economies.

    Rotary screw is anticipated to maintain dominance in the market due to their high efficiency, reliability, and versatility, making them well-suited for a wide range of industrial applications, from manufacturing to energy production. Additionally, their lower maintenance requirements and longer lifespan contribute to their continued preference among users seeking cost-effective and dependable compressed air solutions.