Compressor Rental Market by Type, End-use - Global Forecast 2024-2030

List of Tables

[189 Pages Report] The Compressor Rental Market size was estimated at USD 4.57 billion in 2023 and expected to reach USD 4.81 billion in 2024, at a CAGR 5.64% to reach USD 6.71 billion by 2030.

Global Compressor Rental Market

KEY MARKET STATISTICS
Base Year [2023]	USD 4.57 billion
Estimated Year [2024]	USD 4.81 billion
Forecast Year [2030]	USD 6.71 billion
CAGR (%)	5.64%

Compressor rental refers to the service of leasing compressors for various industrial, construction, or personal purposes rather than purchasing them outright. Compressors are essential tools that supply compressed air or gas for numerous applications, including powering pneumatic equipment, painting, sandblasting, and providing breathable air for divers or in contaminated environments. Rises in infrastructure projects and mining operations and growing seasonal demand or facing project-based requirements of rental compressors are driving the market growth. The high cost of maintaining and operating a fleet of rental compressors and Increasing inclination towards equipment ownership could restrict the rental market's growth. Innovations in compressor design and efficiency along with technological advancements, and ecological concerns are expected to create opportunities for market expansion.

Regional Insights

The compressor rental market in the Americas is characterized by a robust demand in industries such as construction, mining, and oil and gas, particularly in North America. The United States has the presence of established players and advanced infrastructure projects. Innovation and environmentally sustainable solutions are increasingly becoming a competitive edge for companies in this region. The Asia-Pacific region exhibits a rapidly growing compressor rental market, fueled by the booming construction industry, particularly in countries such as China and India. The region is witnessing increased infrastructure development projects and significant investment in industrial manufacturing. The market is price-sensitive, and there is a growing shift towards oil-free compressors due to stringent environmental regulations being adopted. Additionally, local players have a strong presence in the market, competing with global corporations by offering cost-effective solutions. EMEA's compressor rental market varies widely across the region, with Europe leading in market maturity and regulatory standards. Adopting stringent environmental norms, especially in the European Union, promotes the use of energy-efficient and low-emission compressors. The oil and gas sector drives the Middle East's market focus, while Africa is witnessing a rise in mining activities. Both sub-regions present opportunities for substantial growth in the compressor rental market. Industry players in this region are investing in fleet modernization to comply with regulatory standards and fulfill the demand for advanced compressor technologies.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Compressor Rental Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Compressor Rental Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Compressor Rental Market, highlighting leading vendors and their innovative profiles. These include Acme Fabcon India Private Limited, Aggreko PLC, ALMiG Kompressoren GmbH, Ashtead Group PLC, Atlas Copco AB, CAPS Australia, Caterpillar Inc., Central Power Systems & Services, Clexen Rentals Pvt. Ltd., Cummins Inc., GenAir UK Ltd, H&E Equipment Services Inc., Hitachi, Ltd., HSS Hire Services Group, Ingersoll Rand, KAESER COMPRESSORS, Kirby Corporation, LOXAM, Metro Air Compressor, Modern Energy Rental Pvt. Ltd., NiGen International L.L.C., Sauer Compressors USA, Inc., Shaktiman Equipments Pvt Ltd., United Rentals, Inc., and Wiseworth Canada.

Market Segmentation & Coverage

This research report categorizes the Compressor Rental Market to forecast the revenues and analyze trends in each of the following sub-markets:

Type
- Reciprocating
- Rotary Screw
End-use
- Chemical
- Construction & Mining
- Manufacturing
- Oil & Gas
Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam
- Europe, Middle East & Africa
  - Denmark
  - Egypt
  - Finland
  - France
  - Germany
  - Israel
  - Italy
  - Netherlands
  - Nigeria
  - Norway
  - Poland
  - Qatar
  - Russia
  - Saudi Arabia
  - South Africa
  - Spain
  - Sweden
  - Switzerland
  - Turkey
  - United Arab Emirates
  - United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Compressor Rental Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Compressor Rental Market?

3. What are the technology trends and regulatory frameworks in the Compressor Rental Market?

4. What is the market share of the leading vendors in the Compressor Rental Market?

5. Which modes and strategic moves are suitable for entering the Compressor Rental Market?

Product Code: MRR-144C638C9214

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Limitations
1.7. Assumptions
1.8. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

4.1. Introduction
4.2. Compressor Rental Market, by Region

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Rise in infrastructure projects and mining operations
  - 5.1.1.2. Growing seasonal demand or face project-based requirements of rental compressors
- 5.1.2. Restraints
  - 5.1.2.1. High cost of maintaining and operating a fleet of rental compressors
- 5.1.3. Opportunities
  - 5.1.3.1. Innovations in compressor design and efficiency
  - 5.1.3.2. Technological advancements and ecological concerns
- 5.1.4. Challenges
  - 5.1.4.1. Increasing inclination towards equipment ownership
5.2. Market Segmentation Analysis
- 5.2.1. Type: Rising demand for rotary screw compressors owing to their lower operating costs can lead to savings over time
- 5.2.2. End-use: Growing utilization of compressor rental in the construction and mining projects for their scalability and ease of integration with existing operations
5.3. Market Trend Analysis
5.4. Cumulative Impact of High Inflation
5.5. Porter's Five Forces Analysis
- 5.5.1. Threat of New Entrants
- 5.5.2. Threat of Substitutes
- 5.5.3. Bargaining Power of Customers
- 5.5.4. Bargaining Power of Suppliers
- 5.5.5. Industry Rivalry
5.6. Value Chain & Critical Path Analysis
5.7. Regulatory Framework

6. Compressor Rental Market, by Type

6.1. Introduction
6.2. Reciprocating
6.3. Rotary Screw

7. Compressor Rental Market, by End-use

7.1. Introduction
7.2. Chemical
7.3. Construction & Mining
7.4. Manufacturing
7.5. Oil & Gas

8. Americas Compressor Rental Market

8.1. Introduction
8.2. Argentina
8.3. Brazil
8.4. Canada
8.5. Mexico
8.6. United States

9. Asia-Pacific Compressor Rental Market

9.1. Introduction
9.2. Australia
9.3. China
9.4. India
9.5. Indonesia
9.6. Japan
9.7. Malaysia
9.8. Philippines
9.9. Singapore
9.10. South Korea
9.11. Taiwan
9.12. Thailand
9.13. Vietnam

10. Europe, Middle East & Africa Compressor Rental Market

10.1. Introduction
10.2. Denmark
10.3. Egypt
10.4. Finland
10.5. France
10.6. Germany
10.7. Israel
10.8. Italy
10.9. Netherlands
10.10. Nigeria
10.11. Norway
10.12. Poland
10.13. Qatar
10.14. Russia
10.15. Saudi Arabia
10.16. South Africa
10.17. Spain
10.18. Sweden
10.19. Switzerland
10.20. Turkey
10.21. United Arab Emirates
10.22. United Kingdom

11. Competitive Landscape

11.1. FPNV Positioning Matrix
11.2. Market Share Analysis, By Key Player
11.3. Competitive Scenario Analysis, By Key Player
- 11.3.1. Merger & Acquisition
  - 11.3.1.1. Atlas Copco completes acquisition of specialty dewatering services provider in Australia
- 11.3.2. Agreement, Collaboration, & Partnership
  - 11.3.2.1. Cummins Arabia and Sullivan Palatek Form Strategic Alliance to Distribute Portable Air Compressors in the UAE
- 11.3.3. New Product Launch & Enhancement
  - 11.3.3.1. Sullair Announces Release of E1035H Electric Portable Compressor as Part of Long-Term Climate Action Strategy

12. Competitive Portfolio

12.1. Key Company Profiles
- 12.1.1. Acme Fabcon India Private Limited
- 12.1.2. Aggreko PLC
- 12.1.3. ALMiG Kompressoren GmbH
- 12.1.4. Ashtead Group PLC
- 12.1.5. Atlas Copco AB
- 12.1.6. CAPS Australia
- 12.1.7. Caterpillar Inc.
- 12.1.8. Central Power Systems & Services
- 12.1.9. Clexen Rentals Pvt. Ltd.
- 12.1.10. Cummins Inc.
- 12.1.11. GenAir UK Ltd
- 12.1.12. H&E Equipment Services Inc.
- 12.1.13. Hitachi, Ltd.
- 12.1.14. HSS Hire Services Group
- 12.1.15. Ingersoll Rand
- 12.1.16. KAESER COMPRESSORS
- 12.1.17. Kirby Corporation
- 12.1.18. LOXAM
- 12.1.19. Metro Air Compressor
- 12.1.20. Modern Energy Rental Pvt. Ltd.
- 12.1.21. NiGen International L.L.C.
- 12.1.22. Sauer Compressors USA, Inc.
- 12.1.23. Shaktiman Equipments Pvt Ltd.
- 12.1.24. United Rentals, Inc.
- 12.1.25. Wiseworth Canada
12.2. Key Product Portfolio

13. Appendix

13.1. Discussion Guide
13.2. License & Pricing