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As per Zion Market Research, the Compressor Rental Market is estimated to attain USD 5.73 billion by the end of 2026, developing at a CAGR of about 6.2% during the forecasted period 2020–2026. The compressor rental market size is expected to witness strong growth during the estimated period due to its use in production, mining, power, oil & gas, and construction industries. The surge in the demand for a number of precious metals counting silver, platinum, gold, and coal will boost the demand for different mining tools as well as cable shovels, long-wall machines, hydraulic shovels, and continuous machines in the estimated period. Nevertheless, the mining industry was undergoing difficulties in the last few years owing to the lack of investment efforts in many regions. At present, the mining activities are witnessing an advanced trend across Europe and North America regions.Some of the leading players in the market are Atlas Copco, Caterpillar, Sunbelt Rentals, Aggreko, Hertz Equipment, United Rentals, ACME Fab-Con, AirParts Compressores, Ramirent, Cramco, and Ar Brasil Compressores Blueline Rental.
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Rising Demand For Advanced Rental Air Solutions To Boost Global Compressor Rental Market
The global compressor rental market is likely to expand progressively over the forecasted period due to the revival of the mining equipment market. The surging demand for advanced rental air solutions to fulfill the requirements of the industry is anticipated to propel the market during 2019–2025, coupled with the increasing use of custom-built air compressor rental systems in the construction, oil & gas, and medical end-user industries. The requirement for compressor rental services within the chemical industry for shipping the liquid under pressure has impelled over the years. The brisk improvement of this industry across the Middle East & Africa and the Asia Pacific is likely to boost the compressor rental market in the estimated period. The launch of new-age compressors includes the use of specialized speed technology equipped with an energy-competent operational nature. The inconsistent speed drive technology is energy-competent in comparison to the fixed speed air compressors.
The global compressor rental market is bifurcated based on the compressor type, end-use industry, and regional analysis. Based on the end-use industry, the market is divided into mining, construction, power, manufacturing, oil & gas, chemical, and others. Based on the compressor type, the market is divided into reciprocating and rotary screw.
The Asia Pacific Region Predicted To Dominate Global Compressor Rental Market
Based on geographical analysis, the global compressor rental market is divided into Asia Pacific, Europe, North America, Latin America, and Middle East & Africa. The Asia Pacific region is anticipated to dominate the compressor rental market from 2020–2026. China is the biggest market for compressor rental across the Asia Pacific region, due to the continuous development of the mining and chemical industries in the country. The expansion of the general manufacturing and construction industries in China is also likely to boost the demand for compressor rental across the country, thus advancing the growth of the compressor rental market in Asia-Pacific in the forecasted period.
The global compressor rental market is segmented as follows:
By end-use industry:
Oil & Gas
Construction
Mining
Power
Manufacturing
Chemical
Others
By compressor type:
Reciprocating
Rotary Screw
By region:
North America
The U.S.
Canada
Europe
France
The UK
Spain
Germany
Italy
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
GCC
South Africa
Rest of Middle East & Africa
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