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Global Compressor Rental Market Size, Share, Report: By Type: Centrifugal, Reciprocating, Rotary Screw; By Compressor Type: Air Compressor, Gas Compressor; By End Use: Mining and Construction, Oil and Gas, Utility, Chemical, Manufacturing; Regional Analysis; Market Dynamics, SWOT Analysis; Competitive Landscape; 2024-2032
Global Compressor Rental Market Outlook
The global compressor rental market size reached a value of nearly USD 4.47 billion in 2023. The market is projected to grow at a CAGR of 4.5% between 2024 and 2032 and reach around USD 6.64 billion by 2032.
Key Takeaways
- There is an increased demand for customised compressors across various end-use industries such as construction, mining, and oil and gas industries.
- Aggreko Ltd, Atlas Copco AB and Ingersoll Rand Inc. are a few of the major companies in the market.
- According to industry reports, by 2050, the global energy demand is expected to rise by 15%. The growing global population and the subsequently increasing energy demands are driving the requirement for compressor renting.
The renting of compressors allows companies with budget constraints to meet their financial requirements and ensure stable manufacturing productivity and uptime. There is a rising use of portable air compressors in a wide range of industries for applications such as powering pneumatic tools in car systems, construction sites and farms, and air conditioners and pumps as they are easy, cordless, and compact solutions.
One of the factors driving the compressor rental market growth is the affordability associated with renting compressors. Compressor rentals are being adopted by industries to meet the increased seasonal demands, contributing to efficient and cost-effective fulfilment of high-volume orders. Rental compressors provide end users with the latest improvements in safety, performance, and efficiency affordably.
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Key Trends and Developments
Cost-efficiency of renting compressors; rising demand for portable air compressors; rising demand for customised compressors; and rising energy demand are favouring the global compressor rental market growth
April 2023
Atlas Copco acquired the compressed air operations of Asven S.R.L located in the Rosario region of Santa Fe province. The acquisition encompasses the sales, installation, and maintenance of compressed air systems.
November 2022
Atlas Copco acquired the operational assets of Northeast Compressor, a provider of air compressors, equipment, and services to industrial clients located in Upstate New York, USA.
October 2022
Atlas Copco expanded its geographic presence by acquiring Vector Sp. z o.o., a compressed air systems sales, installation, and maintenance company based in Tarnowo Podgórne, Poland.
August 2022
Holt Cat's subsidiary, Texas First Rentals, acquired Class A Equipment Rentals, a Texas-based construction equipment rental company. The acquisition adds to Texas First Rentals' product portfolio, consolidating its position in the construction equipment rental market.
Cost-Efficiency offered by compressor renting
The renting of compressors allows for the use of the equipment for a specific duration of time under a fixed price.
Rising application of portable air compressors
There is the rising use of portable air compressors in a wide range of industries for applications such as powering pneumatic tools in car systems, construction sites and farms, and air conditioners and pumps as they are an easy, cordless, and compact solution.
Growing demand for customised compressors
There is an increased demand for customised compressors across various end-use industries such as construction, mining, and oil and gas industries. Companies are offering easy-to-set-up compressors suitable for customer requirements and the demands of the production sites.
Growing energy demand
The increasing global population is fueling the energy demand. The expanding oil and gas sector, thus, aids the growth of the rental compressors market as it requires compressed air from transportation to using pneumatic tools.
Global Compressor Rental Market Trends
Renting compressors can offer operators additional advantages, including decreased equipment maintenance expenses, the flexibility to customise air compressor performance according to specific processing requirements, and lower capital investments. As a result, the use of compressors, particularly air compressors, in the oil and gas sector to ensure proper operating conditions, is rising.
Furthermore, compressor rental providers are offering value-added services, including equipment transport, re-rental options, fleet management, on-site services and more to enhance customer experiences. With the growing trend of sustainability, the use of rental compressors powered by electricity is anticipated to increase.
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Market Segmentation
Global Compressor Rental Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Type:
- Centrifugal
- Reciprocating
- Rotary Screw
Market Breakup by Compressor Type:
- Air Compressor
- Gas Compressor
Market Breakup by End Use:
- Mining and Construction
- Oil and Gas
- Utility
- Chemical
- Manufacturing
Market Breakup by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Rotary screw is expected to dominate the compressor rental market share as it offers a competitive advantage to manufacturers of end-use sectors.
Rentals of reciprocating and rotary screw compressors are quite popular because they can assist firms meet seasonal production demands, minimise equipment downtime from unplanned breakdowns, and maintain output levels during periodic maintenance and outages.
The availability of suppliers who provide a full service-oriented approach that combines great on-site knowledge with a range of compressor systems to meet end users' needs efficiently in terms of both cost and time supports the demand for rotary screw compressor rentals.
The availability of rental centrifugal compressors with advanced impeller designs provides advantages to end users in terms of reliability, durability, efficiency, and minimal maintenance requirements.
Competitive Landscape
Major players in the compressor rental market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
Aggreko Ltd
Aggreko Ltd, headquartered in the UK and founded in 1962, offers a range of rental compressors that fulfill market requirements. These compressors include the 400 cfm, 800 cfm, 1600 cfm electric compressors, as well as the 1500 cfm diesel compressor, 1600 cfm diesel compressor, 1500 cfm electric compressor, among others.
Atlas Copco AB
Atlas Copco AB, headquartered in Sweden and founded in 1873, provides a diversified portfolio of rental compressors for air, nitrogen, or water applications. Its product offerings include oil-free air compressor rentals, oil-lubricated air compressors, booster compressors, and other related products.
Ingersoll Rand Inc.
Headquartered in USA and founded in 1872, provides rental services for air compressors, including oil-flooded rotary screw compressors, oil-free rotary screw compressors, refrigerated dryers, and desiccant dryers. Its rental offerings are tailored to meet the needs of customers seeking efficient and reliable compressor solutions.
Caterpillar Inc.
Headquartered in the USA and founded in 1925, offers compressor rental services through its Cat Rental Store, which falls under its air equipment rentals category. Its rental offerings include gas- and diesel-powered portable air compressors, available in various sizes and configurations.
Other key players in the compressor rental market include Herc Rentals Inc.
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Global Compressor Rental Market Analysis by Region
The increasing non-residential construction activities, the growing capital investments in the industrial sector, and surging repair, maintenance, and overhaul spending are favouring the demand for compressor rentals in North America. In 2023, there was an 18.1% year-over-year increase in the seasonally adjusted rate of non-residential construction investment overall.
In Europe, the need for rental compressors has increased due to their widespread application in the construction sector, which is booming in Germany, as well as in the maintenance and upgrading of already-existing manufacturing facilities. With the largest building stock on the continent, Germany is the largest construction market in Europe and is expected to grow by 1% in 2024.
In the Asia Pacific, rising manufacturing activities, the robust growth of the oil and gas sector, and rising chemical and automotive production have favoured the compressor rental market growth. Due to favourable government regulations aimed at boosting manufacturing and construction activities, compressor rentals are gaining popularity in the Asia Pacific. Expanding manufacturing facilities in countries, including China, India, and Japan, necessitates the employment of compressor rental to meet seasonal demand.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Compressor Type |
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| Breakup by End Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| 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 (2018-2023)
8.3 Global Compressor Rental Market Forecast (2024-2032)
8.4 Global Compressor Rental Market by Type
8.4.1 Centrifugal
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Reciprocating
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Rotary Screw
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.5 Global Compressor Rental Market by Compressor Type
8.5.1 Air Compressor
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Gas Compressor
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Compressor Rental Market by End Use
8.6.1 Mining and Construction
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Oil and Gas
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Utility
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Chemical
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Manufacturing
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
8.7 Global Compressor Rental Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Compressor Rental Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Compressor Rental Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.1 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Compressor Rental Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Compressor Rental Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Compressor Rental Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Turkey
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Iran
13.6.1 Historical Trend (2018-2023)
13.6.2 Forecast Trend (2024-2032)
13.7 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
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Aggreko Ltd
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Atlas Copco AB
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ingersoll Rand Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Caterpillar Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Herc Rentals Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Compressor Rental Market: Key Industry Highlights, 2018 and 2032
2. Global Compressor Rental Historical Market: Breakup by Type (USD Billion), 2018-2023
3. Global Compressor Rental Market Forecast: Breakup by Type (USD Billion), 2024-2032
4. Global Compressor Rental Historical Market: Breakup by Compressor Type (USD Billion), 2018-2023
5. Global Compressor Rental Market Forecast: Breakup by Compressor Type (USD Billion), 2024-2032
6. Global Compressor Rental Historical Market: Breakup by End Use (USD Billion), 2018-2023
7. Global Compressor Rental Market Forecast: Breakup by End Use (USD Billion), 2024-2032
8. Global Compressor Rental Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Compressor Rental Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Compressor Rental Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Compressor Rental Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Global Compressor Rental Market Structure
Key Questions Answered in the Report
In 2023, the market value was approximately USD 4.47 billion.
The market is projected to grow at a CAGR of 4.5% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 6.64 billion by 2032.
The major drivers include the cost-efficiency offered by compressor renting and growing energy demand.
The key trends include the rising application of portable air compressors and the growing demand for customised compressors.
The different types of compressor rental include centrifugal, reciprocating, and rotary screw.
The major end uses of compressor rental include mining and construction, oil and gas, utility, chemical and manufacturing.
The major players in the market include Aggreko Ltd, Atlas Copco AB, Ingersoll Rand Inc., Caterpillar Inc., and Herc Rentals Inc.
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