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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 (2017-2027); 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 2022-2027 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 2021
Historical Period 2017-2021
Forecast Period 2022-2027
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.

 

*We at Expert Market Research always strive to give you the latest information. The numbers in the article are only indicative and may be different from the actual 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    Industry Opportunities and Challenges
8    Global Compressor Rental Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Compressor Rental Historical Market (2017-2021) 
    8.3    Global Compressor Rental Market Forecast (2022-2027)
    8.4    Global Compressor Rental Market by Type
        8.4.1    Centrifugal
            8.4.1.1    Market Share
            8.4.1.2    Historical Trend (2017-2021)
            8.4.1.3    Forecast Trend (2022-2027)
        8.4.2    Reciprocating
            8.4.2.1    Market Share
            8.4.2.2    Historical Trend (2017-2021)
            8.4.2.3    Forecast Trend (2022-2027)
        8.4.3    Rotary Screw 
            8.4.3.1    Market Share
            8.4.3.2    Historical Trend (2017-2021)
            8.4.3.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.5.1.3    Forecast Trend (2022-2027)
        8.5.2    Gas Compressor
            8.5.2.1    Market Share
            8.5.2.2    Historical Trend (2017-2021)
            8.5.2.3    Forecast Trend (2022-2027)
    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 (2017-2021)
            8.6.1.3    Forecast Trend (2022-2027)
        8.6.2    Oil and Gas
            8.6.2.1    Market Share
            8.6.2.2    Historical Trend (2017-2021)
            8.6.2.3    Forecast Trend (2022-2027)
        8.6.3    Utility
            8.6.3.1    Market Share
            8.6.3.2    Historical Trend (2017-2021)
            8.6.3.3    Forecast Trend (2022-2027)
        8.6.4    Construction
            8.6.4.1    Market Share
            8.6.4.2    Historical Trend (2017-2021)
            8.6.4.3    Forecast Trend (2022-2027)
        8.6.5    Chemical
            8.6.5.1    Market Share
            8.6.5.2    Historical Trend (2017-2021)
            8.6.5.3    Forecast Trend (2022-2027)
        8.6.6    Manufacturing
            8.6.6.1    Market Share
            8.6.6.2    Historical Trend (2017-2021)
            8.6.6.3    Forecast Trend (2022-2027)
        8.6.7    Others
    8.7    Global Compressor Rental Market by Region
        8.7.1    Market Share
            8.7.1.1    North America
            8.7.1.2    Europe
            8.7.1.3    Asia Pacific
            8.7.1.4    Latin America
            8.7.1.5    Middle East and Africa
9    Regional Analysis
    9.1    North America
        9.1.1    Historical Trend (2017-2021)
        9.1.2    Forecast Trend (2022-2027)
        9.1.3    Breakup by Country
            9.1.3.1    United States of America 
            9.1.3.2    Canada
    9.2    Europe
        9.2.1    Historical Trend (2017-2021)
        9.2.2    Forecast Trend (2022-2027)
        9.2.3    Breakup by Country 
            9.2.3.1    United Kingdom
            9.2.3.2    Germany
            9.2.3.3    France
            9.2.3.4    Italy
            9.2.3.5    Others
    9.3    Asia Pacific
        9.3.1    Historical Trend (2017-2021)
        9.3.2    Forecast Trend (2022-2027)
        9.3.3    Breakup by Country
            9.3.3.1    China
            9.3.3.2    Japan
            9.3.3.3    India
            9.3.3.4    ASEAN
            9.3.3.5    Australia
            9.3.3.6    Others
    9.4    Latin America
        9.4.1    Historical Trend (2017-2021)
        9.4.2    Forecast Trend (2022-2027)
        9.4.3    Breakup by Country
            9.4.3.1    Brazil
            9.4.3.2    Argentina
            9.4.3.3    Mexico
            9.4.3.4    Others
    9.5    Middle East and Africa
        9.5.1    Historical Trend (2017-2021)
        9.5.2    Forecast Trend (2022-2027)
        9.5.3    Breakup by Country
            9.5.3.1    Saudi Arabia
            9.5.3.2    United Arab Emirates
            9.5.3.3    Nigeria
            9.5.3.4    South Africa
            9.5.3.5    Others
10    Market Dynamics
    10.1    SWOT Analysis
        10.1.1    Strengths
        10.1.2    Weaknesses
        10.1.3    Opportunities
        10.1.4    Threats
    10.2    Porter’s Five Forces Analysis
        10.2.1    Supplier’s Power
        10.2.2    Buyer’s Power
        10.2.3    Threat of New Entrants
        10.2.4    Degree of Rivalry
        10.2.5    Threat of Substitutes
    10.3    Key Indicators for Demand
    10.4    Key Indicators for Price
11    Trade Data Analysis (HS Code - 841430, 841440)
    11.1    Major Exporting Countries
        11.1.1    By Value
        11.1.2    By Volume
    11.2    Major Importing Countries
        11.2.1    By Value
        11.2.2    By Volume
12    Competitive Landscape
    12.1    Market Structure
    12.2    Company Profiles
        12.2.1    Aggreko Ltd
            12.2.1.1    Company Overview
            12.2.1.2    Product Portfolio
            12.2.1.3    Demographic Reach and Achievements
            12.2.1.4    Certifications
        12.2.2    Atlas Copco AB
            12.2.2.1    Company Overview
            12.2.2.2    Product Portfolio
            12.2.2.3    Demographic Reach and Achievements
            12.2.2.4    Certifications
        12.2.3    Ingersoll Rand
            12.2.3.1    Company Overview
            12.2.3.2    Product Portfolio
            12.2.3.3    Demographic Reach and Achievements
            12.2.3.4    Certifications
        12.2.4    Caterpillar
            12.2.4.1    Company Overview
            12.2.4.2    Product Portfolio
            12.2.4.3    Demographic Reach and Achievements
            12.2.4.4    Certifications
        12.2.5    Herc Rentals Inc.
            12.2.5.1    Company Overview
            12.2.5.2    Product Portfolio
            12.2.5.3    Demographic Reach and Achievements
            12.2.5.4    Certifications
        12.2.6    Others
13    Industry Events and Developments

 

List of Key Figures and Tables

1.    Global Compressor Rental Market: Key Industry Highlights, 2017 and 2027
2.    Global Compressor Rental Historical Market: Breakup by Type (USD Billion), 2017-2021
3.    Global Compressor Rental Market Forecast: Breakup by Type (USD Billion), 2022-2027
4.    Global Compressor Rental Historical Market: Breakup by End Use (USD Billion), 2017-2021
5.    Global Compressor Rental Market Forecast: Breakup by End Use (USD Billion), 2022-2027
6.    Global Compressor Rental Historical Market: Breakup by Region (USD Billion), 2017-2021
7.    Global Compressor Rental Market Forecast: Breakup by Region (USD Billion), 2022-2027
8.    North America Compressor Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
9.    North America Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
10.    Europe Compressor Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
11.    Europe Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
12.    Asia Pacific Compressor Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
13.    Asia Pacific Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
14.    Latin America Compressor Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
15.    Latin America Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
16.    Middle East and Africa Compressor Rental Historical Market: Breakup by Country (USD Billion), 2017-2021
17.    Middle East and Africa Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2022-2027
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 2022 and 2027.

The market is estimated to witness healthy growth in the forecast period of 2022-2027 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 2022-2027. 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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