Global Compressor Rental Market Size study & Forecast, by End-use (Construction, Mining, Oil & Gas, Power, Manufacturing, Chemical) by Compressor Type (Rotary Screw, Reciprocating) and Regional Analysis, 2023-2030

Global Compressor Rental Market Size study & Forecast, by End-use (Construction, Mining, Oil & Gas, Power, Manufacturing, Chemical) by Compressor Type (Rotary Screw, Reciprocating) and Regional Analysis, 2023-2030

Global Compressor Rental Market is valued approximately USD 4.4 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 5.8% over the forecast period 2023-2030. Compressor rental refers to the practice of renting or leasing compressors, which are machines that generate compressed air or gas, to businesses and individuals for temporary use. Instead of purchasing a compressor outright, renting allows users to access the necessary equipment on a short-term basis, usually for a specific project or period of time. The rental company provides the compressor, along with any necessary maintenance and support, while the renter pays a fee for the duration of the rental agreement. This arrangement offers flexibility, cost savings, and convenience, particularly for industries with fluctuating demand or temporary compressed air needs. The driving boosting factors of the marker are manufacturing industry growth and construction growth.

According to Statista, the annual growth rate of production in the manufacturing industry was 11.4 % during year 2022. The demand for compressor rentals is driven by the construction and manufacturing industries, which require compressed air for various applications such as operating tools, construction site activities, HVAC systems, and manufacturing processes. Moreover, growing demand for energy-efficient equipment, equipment customization and special projects will create more opportunities in the market. However, the transportation and logistics, seasonal demand fluctuations stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Compressor Rental Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022. The compressor rental market in North America, particularly in the United States and Canada, has witnessed substantial growth. The region's robust construction industry, oil and gas sector, manufacturing activities, and infrastructure projects have contributed to the demand for compressor rentals. Asia Pacific is the fastest growing region. The Asia-Pacific region, including countries such as China, India, Japan, and Southeast Asian nations, has experienced rapid infrastructure development, industrial expansion, and urbanization. These factors have led to increased demand for compressors, driving the growth of the rental market in the region.

Major market player included in this report are:
Atlas Copco
United Rentals
Ingersoll Rand
Caterpillar Inc
Hertz Equipment Rental Corporation
Ashtead Group Plc
H&E Equipment Services
Loxam Group
HSS Hire
Xylem Inc
Recent Developments in the Market:
 In June 2023, Atlas Copco finalized the acquisition of national pump & energy, which provides dewatering, environmental services, and water treatment solution in Australia and New Zealand.
 In November 2021, Ingersoll Rand acquired Dosatron international LLC a provider of water powered dosing pumps and systems.

Global Compressor Rental Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered – End-use, Compressor Type, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa


The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By End-use:
Construction
Mining
Oil & Gas
Power
Manufacturing
Chemical

By Compressor Rental:
Rotary Screw
Reciprocating


By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Please note:The single user license is non-downloadable and non-printable. Global Site license allows these actions.

Companies Mentioned
Atlas Copco
United Rentals
Ingersoll Rand
Caterpillar Inc
Hertz Equipment Rental Corporation
Ashtead Group Plc
H&E Equipment Services
Loxam Group
HSS Hire
Xylem Inc"