Increase in demand for improved rental air solutions to meet the needs of the industry has generated the need of compressor rental. Demand for compressor rental services in the chemical industry for transporting liquid under pressure has enhanced.
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The Global Compressor Rental Market accounted for USD 2.99 billion in 2016 and is projected to grow at a CAGR of 6.31% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
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Global Compressor Rental Market By Compressor Type (Rotary Screw, Reciprocating), Drive Type (Electric Driven Compressor, Gas Driven Compressor, Engine Driven Compressor, Hydraulic Driven Compressor), Lubrication System (Oil Lubricated, Oil Free), End Use (Construction, Mining, Power, Oil & Gas, Chemical, Manufacturing) – Industry Trends and Forecast to 2024
Market Definition: Global Compressor Rental Market
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It has its wide application in construction, mining, power, oil & gas, chemical, manufacturing, and others. Increasing demand for improved rental air solutions and rising demand of mining equipment may act as the major driver in the growth of compressor rental market.
On the other side, volatility in the prices of raw material may hamper the market.
Complete report on Global Compressor Rental Market Research Report 2017-2024 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Compressor Rental Market Report:-
Our Report offers:-
- What will the market growth rate, Overview and Analysis by Type of Global Compressor Rental Market in 2024?
- What are the key factors driving, Analysis by Applications and Countries Global Compressor Rental Market?
- What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Compressor Rental Market?
- Who are Opportunities, Risk and Driving Force of Global Compressor Rental Market?
- Who are the opportunities and threats faced by the vendors in Global Compressor Rental Market? Business Overview by Type, Applications, Gross Margin and Market Share
- What are the Global Compressor Rental Market opportunities, market risk and market overview of the Market?
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Top Key Players:
- Atlas Copco AB
- Hertz Equipment Rental
- Ingersoll-Rand plc
- Sunbelt Rentals
- United Rentals, Inc.
- Ashtead Group plc
- ACME FAB-CON (I) PVT. LTD
- Coates Hire
- and Others.
Major Market Drivers
- Increasing demand for improved rental air solutions
- Rising demand of mining equipment
- Growth of next generation air compressors
- Volatility in the prices of raw material
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Global Compressor Rental Market is segmented on the basis of
- Compressor Type
- Drive Type
- Lubrication System
- End Use
Market Segmentations in Details:
On the basis of Compressor Type, global compressor rental market is segmented into rotary screw and reciprocating. Rotary screw segments are sub segmented into rotary vane, screw and scroll.
On the basis of Drive Type, global compressor rental market is segmented into electric driven compressor, gas driven compressor, engine driven compressor and hydraulic driven compressor.
On the basis of Lubrication System, global compressor rental market is segmented into oil lubricated and oil free.
On the basis of End Use, global compressor rental market is segmented into construction, mining, power, oil and gas, chemical and manufacturing.
On the basis of geography
- North America
- South America
- Middle East & Africa
Competitive Analysis: Global Compressor Rental Market
The global compressor rental market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
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