IMARC Group, a leading market research company, has recently releases report titled “Compressor Rental Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The study provides a detailed analysis of the industry, including the global compressor rental market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How Big is the Compressor Rental Market?

What is Compressor Rental?

Compressor rental refers to the practice of renting or leasing compressors for temporary or short-term use instead of purchasing them outright. Compressors are mechanical devices that increase the pressure of a gas, typically air, to provide power. Compressor rental services offer businesses and industries a flexible and cost-effective solution for meeting their temporary compressed air needs. The characteristics of compressor rental services include the availability of a wide range of compressor types and capacities to suit different requirements. Rental providers offer both oil-free and oil-injected compressors, with options for electric, diesel, or gas-powered units. Compressor rentals often come with flexible rental periods, allowing businesses to rent compressors for specific projects or during peak demand periods. The key features of compressor rental services include delivery and installation of the rented equipment, maintenance and servicing, and 24/7 technical support. Rental providers ensure that the compressors are in optimal condition, minimizing downtime and maximizing productivity. At present, compressor rental services find extensive applications in the construction, pharmaceutical, and manufacturing industries.

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What Are the Growth Prospects and Trends in the Compressor Rental Market?

Increasing utilization of compressors in the construction industry represents one of the key factors driving the market growth. For instance, extensive application of compressors in piling, blasting, concrete spraying, and operating pneumatic tools is driving the market toward growth. This, coupled with the significant expansion of the construction industry and rapid infrastructural development, especially in the emerging economies, is acting as a major growth-inducing factor. Apart from this, increasing mining activities is contributing to the market growth. This can primarily be attributed to the rising demand for precious metals, such as gold, silver, and platinum, which is facilitating the mining activities across the globe, thereby driving the market growth. The market is also being driven by the advent of numerous advanced energy efficient compressors with variable speed drives. The rising demand of customized compressor rental solutions across construction, healthcare, and oil & gas industries is also propelling the market growth. In line with this, rental providers offer a wide range of compressor types, sizes, and power options, allowing businesses to access specialized equipment for specific applications, which is contributing to the market growth. Compressor rental enables quick deployment of equipment, minimizing downtime and ensuring smooth project execution thus, stimulating the growth of the market. Besides this, industries across the globe have temporary or seasonal projects that require additional compressed air capacity for a limited duration, making compressor rental a practical solution, which is influencing the market growth. Compressor rental is particularly beneficial in remote or temporary job sites where transporting purchased equipment may be challenging or expensive. This is contributing to the market growth significantly. In addition to this, renting compressors eliminates the need for businesses to allocate storage space and resources for maintaining and servicing equipment, which is heading the market toward growth. Apart from this, rental agreements typically offer short-term contract options, allowing businesses to adjust their compressed air requirements as projects evolve or conclude, which is driving the market growth. 

Who Are the Key Players Operating in the Compressor Rental Industry?

The report has also analysed the competitive landscape of the market with some of the key players.

• Acme Fabcon India Private Limited
• Aggreko Plc
• Ar Brasil Compressores Ltda
• Ashtead Group Plc
• Atlas Copco AB
• Caterpillar Inc.
• Herc Rentals Inc.
• Ingersoll-Rand US Trane Holdings Corporation (Trane Technologies Plc)
• Ramirent Finland Oy (Loxam)
• United Rentals Inc.

What is Included in Market Segmentation?

The report has categorized the market based on technology type, compressor type and end use industry.

Breakup by Technology Type:

• Rotary Screw
• Reciprocating
• Centrifugal 

Breakup by Compressor Type:

• Air Compressor
• Gas Compressor 

Breakup by End Use Industry:

• Construction
• Mining
• Oil and Gas
• Power
• Manufacturing
• Chemical
• Others

Breakup by Region:

• North America (United States, Canada)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, South Africa, Others)

Key Highlights of the Report:  

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Market Trends
• Market Drivers and Success Factors
• The Impact of COVID-19 on the Global Market
• Value Chain Analysis
• Structure of the Global Market
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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