Global Compressor Rental Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

Global Compressor Rental Market Research Report 2024-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2030

A compressor is a mechanical device that increases the pressure of a gas by reducing its volume. Compressors are used in various applications, such as in construction, mining, power, and so on. Compressor Rental is a service industry providing compressors of all kinds and sizes for a limited period of time to final users. Equipment rental helps companies reduce their fixed costs. By renting rather than owning, the users only pay for equipment when it is needed, and rental reduces the ongoing costs that come with equipment ownership, including maintenance, in-service inspections, repairs, transportation, and storage. Besides, this report only considers compressors 100kW and above.

Market Overview:

The latest research study on the global Compressor Rental market finds that the global Compressor Rental market reached a value of USD 692.53 million in 2023. It’s expected that the market will achieve USD 999.46 million by 2029, exhibiting a CAGR of 6.31% during the forecast period.

United Rentals Completes Acquisition of Ahern Rentals

December 7, 2022- United Rentals, Inc. announced that it has completed its previously announced acquisition of the assets of Ahern Rentals, Inc. for approximately $2.0 billion in cash. The transaction and related expenses were funded through a combination of newly issued senior secured notes and existing capacity under the company’s ABL facility.

The transaction adds approximately 2,100 employees, 60,000 rental assets, and 106 locations to United Rentals in the United States, and makes the company’s specialty rental solutions available to thousands of new construction and industrial customers.

New customized compressed rental solution

One driving factor behind the Compressor Rental market growth is the ever-introducing service for new customized compressed air rental solutions. Major compressor players are continuously introducing specific customized rental solutions that match the preferences and demand of downstream buyers, which is expected to drive the progress of the Compressor Rental market.

Fluctuating demand and economic conditions

The development of the compressor rental market is closely linked to the overall economic environment. Demand is influenced to a large extent by the global economic situation. Fluctuations in the economy are likely to have an impact on the demand for rental compressors, which will challenge the normal operation of compressor rental companies.

Competition from equipment manufacturers

Some compressor equipment manufacturers may also offer rental services, which may affect the business operations of specialized compressor rental companies and squeeze profit margins. It poses a threat to rental companies and is not conducive to the development of the compressor rental market.

Region Overview:

In 2022, the share of the Compressor Rental market in North America stood at 29.34%.

Company Overview:

Atlas Copco is one of the major players operating in the Compressor Rental market, holding a share of 26.31% in 2023.

Atlas Copco is a provider of sustainable productivity solutions. It offers innovative compressors, vacuum solutions air treatment systems, construction equipment, power tools, and assembly systems. Their portfolio specifically includes compressed air and gas equipment, industrial tools and assembly solutions, mobile compressors, pumps, and generators, industrial vacuum equipment, rental equipment, as well as service and maintenance.

Segmentation Overview:

Among different product types, Air Compressor Rental segment is anticipated to contribute the largest market share in 2028.

Air Compressor Rental

An air compressor is a type of compressor used to pump air and increase its pressure. Air compressors can be used in various applications, such as inflating car tires, charging electronic equipment batteries, and supplying air for pneumatic tools.

Application Overview:

By application, the Manufacturing segment occupied the biggest share from 2018 to 2022.

Industrial air compressors are a safe and versatile power source for the industrial sector. Compressor systems are widely used throughout the manufacturing industry, including automotive, food and beverage, textiles, electronics, plastics, and general fabrication. Some common industrial applications of compressed air in manufacturing plants include automation, material Handling, cleaning processes, and so on.

Key Companies in the global Compressor Rental market covered in Chapter 3:

Ingersoll Rand
BOYD COMPANY
Caterpillar Inc.
Atlas Copco
United Rentals, Inc.
Kaeser
ALLINGHAM CORPORATION
Aggreko
El Campo Compressor Rental Inc
HTE Rental Services
Hertz Equipment Rental Corporation

In Chapter 4 and Chapter 14.2, on the basis of types, the Compressor Rental market from 2019 to 2030 is primarily split into:

Electric Compressor Rental
Diesel Compressor Rental
Air Compressor Rental
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Compressor Rental market from 2019 to 2030 covers:

Construction
Mining
Oil & Gas
Power
Manufacturing
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2019-2030) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)