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Global Compressor Rental Market Report and Forecast 2023-2028

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    Report

  • 95 Pages
  • April 2023
  • Region: Global
  • Expert Market Research
  • ID: 5786948

According to the report by the publisher, the global compressor rental market attained a value of USD 4,297.6 million in 2022. Aided by the increasing demand for efficient and flexible compressed air solutions in various industries, the market is projected to grow at a CAGR of 4.4% between 2023 and 2028, reaching a value of USD 5,553.8 million by 2028.



Compressor rentals are temporary compressed air solutions provided by equipment rental companies for various applications, such as construction, mining, oil and gas, and manufacturing, among others. These rental compressors offer several advantages over purchasing compressors, including reduced capital expenditure, lower maintenance costs, and increased flexibility in terms of capacity and application requirements. They are available in various types, such as rotary screw compressors, reciprocating compressors, and centrifugal compressors, catering to different industry needs.

The global compressor rental market growth is primarily driven by the increasing demand for efficient and flexible compressed air solutions in various industries. The growing need for temporary compressed air systems in construction, mining, oil and gas, and manufacturing sectors, coupled with the rising awareness of the benefits of renting compressors, has contributed to the increased adoption of these rental solutions across the industry.

Additionally, the growing focus on reducing capital expenditure and the need for cost-effective solutions have led to the increased preference for compressor rentals over purchasing new equipment. The increasing adoption of these rental solutions is expected to create new growth opportunities for the global compressor rental market during the forecast period.

With the increasing focus on energy efficiency and environmental sustainability in various industries, the demand for energy-efficient and eco-friendly compressor rental solutions is on the rise. The development of innovative rental compressor models that consume less energy and produce fewer emissions is expected to bolster the compressor rental market expansion during the forecast period.

Furthermore, the rising trend of outsourcing non-core business activities and the need for reducing operational expenses have led to the increased preference for rental equipment, including compressors. The growing demand for temporary compressed air solutions, coupled with the rising need for efficient and cost-effective equipment, is anticipated to drive the compressor rental market growth during the forecast period.

Market Segmentation

The market can be divided based on type, compressor type, end use, and region.

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
  • Manufacturing
  • Chemical

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

This report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global compressor rental companies. Some of the major key players explored in the report by the publisher are as follows:

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

Table of Contents

1 Preface2 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 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Reciprocating
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Rotary Screw
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.5 Global Compressor Rental Market by Compressor Type
8.5.1 Air Compressor
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Gas Compressor
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.6 Global Compressor Rental Market by End Use
8.6.1 Mining and Construction
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Oil and Gas
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Utility
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Manufacturing
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Chemical
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
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 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Compressor Rental Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.1 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Compressor Rental Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Compressor Rental Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Compressor Rental Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Turkey
13.5.1 Historical Trend (2018-2022)
13.5.2 Forecast Trend (2023-2028)
13.6 Iran
13.6.1 Historical Trend (2018-2022)
13.6.2 Forecast Trend (2023-2028)
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
15.2.6 Others
16 Key Trends and Developments in the Market

Companies Mentioned

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

Methodology

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Table Information