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Global Compressor Rental Market: By Type: Centrifugal, Reciprocating, Rotary Screw; By Compressor Type: Air Compressor, Gas Compressor; By End Use: Mining, Oil and Gas, Utility, Others; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics: SWOT Analysis; Competitive Landscape; Industry Events and Developments

Global Compressor Rental Market Outlook

The global market for compressor rental reached a value of about USD 4.90 billion in 2021. The market is further expected to grow at a CAGR of about 6.0% in the forecast period of 2023-2028 to reach a value of around USD 6.95 billion by 2027, owing to the increasing demand for customised compressor rental solutions.

 

Asia Pacific to be One of the Significant Regional Markets for Compressor Rental

Asia Pacific is expected to propel the market during the forecast period because of rising economies, such as China and India. Due to the country's ongoing growth in the chemical and mining industries, China is the region's dominant market for compressor rental. A rise in the number of commercial and residential construction and general manufacturing industries in China and India is also expected to fuel the demand for compressor rental, thereby contributing to the growth of the Asia Pacific region compressor rental market during the forecast period.

North America and Europe are mature market regions owing to the well-established end-user industries in these regions. In contrast, the Middle East and Africa are expected to proliferate due to the increasing prevalence of the mining and construction sectors. Several rental companies have used various strategies to increase their market presence in North America. For example, Pye-Barker Engineered Solutions announced in 2020 that they would merge their business operations with Coastal Air Compressor, Inc. to provide an expanded product range and increased service capabilities to Georgia's manufacturing and industrial markets. It comprises their entire replacement lubricant line, air compressor rental/rebuild services, new and used air compressors, dryer sales, and service operations.

 

Market Segmentations

A compressor is a small, noiseless device that reduces the volume of a gas to increase its pressure. It is used in a variety of industries, including mining, construction, power, manufacturing, chemical, and oil and gas. Compressor rental services have developed as a favoured alternative among end-users in recent years, as opposed to installing new devices, because compressor rental saves capital expenses while maintaining smooth and constant production operations.

The various types of compressor rentals are:

  • Centrifugal
  • Reciprocating
  • Rotary Screw

Based on compressor type, the compressor rental market is divided into:

  • Air Compressor
  • Gas Compressor

The end-uses of the market are as follows:

  • Mining
  • Oil and Gas
  • Utility
  • Construction
  • Chemical
  • Manufacturing
  • Others

The regional markets for compressor rental can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.

 

Increasing Demand for Customised Compressor Rental Solutions Propelling the Market Growth

The increasing demand for customised compressor rental solutions across construction, healthcare, and oil and gas industries is augmenting the market growth as these systems reduce additional repair costs resulting from system breakdowns and thus are cost-efficient. Secondly, since these compressors are also used in air filtration systems, emergency beds, service carts, and wheelchairs inside hospitals, the need for rental services in the healthcare industry is expected to rise in the coming years. One of the major factors driving compressor rental market growth is the increasing use of compressors in piling, blasting, concrete spraying, and running pneumatic tools in the construction sector.

Also, the rising mining activities on account of the escalating demand for precious metals, such as gold, silver, and platinum, is spurring the market's growth. The rising interest for innovatively overhauled equipment like pneumatic force hardware and the increasing mining area create lucrative opportunities for the market. Furthermore, the leading players are introducing advanced energy-efficient compressors with variable speed drives, acting as another growth-inducing factor.

 

Key Players in the Global Market for Compressor Rental

The report gives a detailed analysis of the following key players in the global compressor rental market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Aggreko Ltd
  • Atlas Copco AB
  • Ingersoll Rand
  • Caterpillar
  • Herc Rentals Inc.
  • Others

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2022
Historical Period 2018-2022
Forecast Period 2023-2028
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Compressor Type
  • End Use
  • Region
Breakup by Type
  • Centrifugal
  • Reciprocating
  • Rotary Screw
Breakup by Compressor Type
  • Air Compressor
  • Gas Compressor
Breakup by End Use
  • Mining
  • Oil and Gas
  • Utility
  • Construction
  • Chemical
  • Manufacturing
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT
  • Porter's Five Forces
  • Key Indicators for Demand
  • Key Indicators for Price
Trade Data Analysis
  • Major Exporting Countries
    • By Value
    • By Volume
  • Major Importing Countries
    • By Value
    • By Volume
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Aggreko Ltd
  • Atlas Copco AB
  • Ingersoll Rand
  • Caterpillar
  • Herc Rentals Inc.
  • Others
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

 

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Players
4    Key Assumptions
5    Executive Summary

    5.1    Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Market Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Compressor Rental Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Compressor Rental Historical Market (2018-2022) 
    8.3    Global Compressor Rental Market Forecast (2023-2028)
    8.4    Global Compressor Rental Market by Type
        8.4.1    Centrifugal
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2018-2022)
            8.4.1.3    Forecast Trend (2023-2028)
        8.4.2    Reciprocating
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2018-2022)
            8.4.2.3    Forecast Trend (2023-2028)
        8.4.3    Rotary Screw 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2018-2022)
            8.4.3.3    Forecast Trend (2023-2028)
    8.5    Global Compressor Rental Market by Compressor Type
        8.5.1    Air Compressor
            8.5.1.1    Market Share
            8.5.1.2    Historical Trend (2018-2022)
            8.5.1.3    Forecast Trend (2023-2028)
        8.5.2    Gas Compressor
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2018-2022)
            8.5.2.3    Forecast Trend (2023-2028)
    8.6    Global Compressor Rental Market by End Use
        8.6.1    Mining 
            8.6.1.1    Market Share
            8.6.1.2    Historical Trend (2018-2022)
            8.6.1.3    Forecast Trend (2023-2028)
        8.6.2    Oil and Gas
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2018-2022)
            8.6.2.3    Forecast Trend (2023-2028)
        8.6.3    Utility
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2018-2022)
            8.6.3.3    Forecast Trend (2023-2028)
        8.6.4    Construction
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2018-2022)
            8.6.4.3    Forecast Trend (2023-2028)
        8.6.5    Chemical
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2018-2022)
            8.6.5.3    Forecast Trend (2023-2028)
        8.6.6    Manufacturing
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2018-2022)
            8.6.6.3    Forecast Trend (2023-2028)
        8.6.7    Others    
    8.7    Global Compressor Rental Market by Region
        8.7.1    North America
            8.7.1.1    Market Share
            8.7.1.2    Historical Trend (2018-2022) 
            8.7.1.3    Forecast Trend (2023-2028)
        8.7.2    Europe
            8.7.2.1    Market Share
            8.7.2.2    Historical Trend (2018-2022) 
            8.7.2.3    Forecast Trend (2023-2028)
        8.7.3    Asia Pacific
            8.7.3.1    Market Share
            8.7.3.2    Historical Trend (2018-2022) 
            8.7.3.3    Forecast Trend (2023-2028)
        8.7.4    Latin America
            8.7.4.1    Market Share
            8.7.4.2    Historical Trend (2018-2022) 
            8.7.4.3    Forecast Trend (2023-2028)
        8.7.5    Middle East and Africa
            8.7.5.1    Market Share
            8.7.5.2    Historical Trend (2018-2022) 
            8.7.5.3    Forecast Trend (2023-2028)
9    North America  Compressor Rental Market Analysis
    9.1    United States of America 
        9.1.1    Market Share
        9.1.2    Historical Trend (2018-2022) 
        9.1.3    Forecast Trend (2023-2028)
    9.2    Canada
        9.2.1    Market Share
        9.2.2    Historical Trend (2018-2022) 
        9.2.3    Forecast Trend (2023-2028)
10    Europe Compressor Rental Market Analysis
    10.1    United Kingdom
        10.1.1    Market Share
        10.1.2    Historical Trend (2018-2022) 
        10.1.3    Forecast Trend (2023-2028)
    10.2    Germany
        10.2.1    Market Share
        10.2.2    Historical Trend (2018-2022) 
        10.2.3    Forecast Trend (2023-2028)
    10.3    France
        10.3.1    Market Share
        10.3.2    Historical Trend (2018-2022) 
        10.3.3    Forecast Trend (2023-2028)
    10.4    Italy
        10.4.1    Market Share
        10.4.2    Historical Trend (2018-2022) 
        10.4.3    Forecast Trend (2023-2028)
    10.5    Others
11    Asia Pacific Compressor Rental Market Analysis
    11.1    China
        11.1.1    Market Share
        11.1.2    Historical Trend (2018-2022) 
        11.1.3    Forecast Trend (2023-2028)
    11.2    Japan
        11.2.1    Market Share
        11.2.2    Historical Trend (2018-2022) 
        11.2.3    Forecast Trend (2023-2028)
    11.3    India
        11.3.1    Market Share
        11.3.2    Historical Trend (2018-2022) 
        11.3.3    Forecast Trend (2023-2028)
    11.4    ASEAN
        11.4.1    Market Share
        11.4.2    Historical Trend (2018-2022) 
        11.4.3    Forecast Trend (2023-2028)
    11.5    Australia
        11.5.1    Market Share
        11.5.2    Historical Trend (2018-2022) 
        11.5.3    Forecast Trend (2023-2028)
    11.6    Others
12    Latin America Compressor Rental Market Analysis
    12.1    Brazil
        12.1.1    Market Share
        12.1.2    Historical Trend (2018-2022) 
        12.1.3    Forecast Trend (2023-2028)
    12.2    Argentina
        12.2.1    Market Share
        12.2.2    Historical Trend (2018-2022) 
        12.2.3    Forecast Trend (2023-2028)
    12.3    Mexico
        12.3.1    Market Share
        12.3.2    Historical Trend (2018-2022) 
        12.3.3    Forecast Trend (2023-2028)
    12.4    Others
13    Middle East and Africa Compressor Rental Market Analysis
    13.1    Saudi Arabia
        13.1.1    Market Share
        13.1.2    Historical Trend (2018-2022) 
        13.1.3    Forecast Trend (2023-2028)
    13.2    United Arab Emirates
        13.2.1    Market Share
        13.2.2    Historical Trend (2018-2022) 
        13.2.3    Forecast Trend (2023-2028)
    13.3    Nigeria
        13.3.1    Market Share
        13.3.2    Historical Trend (2018-2022) 
        13.3.3    Forecast Trend (2023-2028)
    13.4    South Africa
        13.4.1    Market Share
        13.4.2    Historical Trend (2018-2022) 
        13.4.3    Forecast Trend (2023-2028)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Trade Data Analysis (HS Code – 841430, 841440)
    15.1    Major Importing Countries
        15.1.1    By Volume
        15.1.2    By Value
    15.2    Major Exporting Countries
        15.2.1    By Volume
        15.2.2    By Value
16    Competitive Landscape
    16.1    Market Structure
    16.2    Company Profiles
        16.2.1    Aggreko Ltd
            16.2.1.1    Company Overview
            16.2.1.2    Product Portfolio
            16.2.1.3    Demographic Reach and Achievements
            16.2.1.4    Certifications
        16.2.2    Atlas Copco AB
            16.2.2.1    Company Overview
            16.2.2.2    Product Portfolio
            16.2.2.3    Demographic Reach and Achievements
            16.2.2.4    Certifications
        16.2.3    Ingersoll Rand
            16.2.3.1    Company Overview
            16.2.3.2    Product Portfolio
            16.2.3.3    Demographic Reach and Achievements
            16.2.3.4    Certifications
        16.2.4    Caterpillar
            16.2.4.1    Company Overview
            16.2.4.2    Product Portfolio
            16.2.4.3    Demographic Reach and Achievements
            16.2.4.4    Certifications
        16.2.5    Herc Rentals Inc.
            16.2.5.1    Company Overview
            16.2.5.2    Product Portfolio
            16.2.5.3    Demographic Reach and Achievements
            16.2.5.4    Certifications
        16.2.6    Others
17    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Compressor Rental Market: Key Industry Highlights, 2018 and 2028
2.    Global Compressor Rental Historical Market: Breakup by Type (USD Billion), 2018-2022
3.    Global Compressor Rental Market Forecast: Breakup by Type (USD Billion), 2023-2028
4.    Global Compressor Rental Historical Market: Breakup by End Use (USD Billion), 2018-2022
5.    Global Compressor Rental Market Forecast: Breakup by End Use (USD Billion), 2023-2028
6.    Global Compressor Rental Historical Market: Breakup by Region (USD Billion), 2018-2022
7.    Global Compressor Rental Market Forecast: Breakup by Region (USD Billion), 2023-2028
8.    North America Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
9.    North America Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
10.    Europe Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
11.    Europe Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
12.    Asia Pacific Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
13.    Asia Pacific Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
14.    Latin America Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
15.    Latin America Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
16.    Middle East and Africa Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2022
17.    Middle East and Africa Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2023-2028
18.    Major Importing Countries by Value (2021)
19.    Major Exporting Countries by Value (2021)
20.    Major Importing Countries by Volume (2021)
21.    Major Exporting Countries by Volume (2021)
22.    Global Compressor Rental Market Structure

Key Questions Answered in the Report

In 2021, the global market attained a value of nearly USD 4.90 billion.

The market is projected to grow at a CAGR of 6.0% between 2023 and 2028.

The market is estimated to witness healthy growth in the forecast period of 2023-2028 to reach USD 6.95 billion by 2027.

The major drivers of the market include the rise in the number of commercial and residential construction, rising general manufacturing industries, rising mining activities, rising interest in innovatively overhauled equipment, and the introduction of advanced energy-efficient compressors.

The increasing demand for customised compressor rental solutions across construction, healthcare, and oil and gas industries and the increasing use of compressors in piling, blasting, concrete spraying, and running pneumatic tools in the construction sector are the key industry trends propelling the growth of the market.

The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.

The various types of compressor rentals are centrifugal, reciprocating, and rotary screws.

Based on compressor type, the market is divided into air compressors and gas compressors.

The end-uses of the market are mining, oil and gas, utility, construction, chemical, and manufacturing, among others.

The major players in the industry are Aggreko Ltd, Atlas Copco AB, Ingersoll Rand, Caterpillar, and Herc Rentals Inc., among others.

Analyst Review

The global compressor rental market attained a value of nearly USD 4.90 billion, driven by the increasing demand for customised compressor rental solutions across the construction, healthcare, and oil and gas industries. Aided by the rise in the number of commercial and residential construction and rising mining activities, the market is expected to grow at a CAGR of 6.0% in the forecast period of 2023-2028. The market is estimated to reach USD 6.95 billion by 2027.

EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The various types of compressor rentals are centrifugal, reciprocating, and rotary screws. Based on compressor type, the market is divided into air compressors and gas compressors. The end-uses of the market are mining, oil and gas, utility, construction, chemical, and manufacturing, among others. The major regional markets for compressor rental are North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa. The key players in the above market are Aggreko Ltd, Atlas Copco AB, Ingersoll Rand, Caterpillar, and Herc Rentals Inc., among others.

EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.

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