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 2024The 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.
Market Definition: Global Compressor Rental Market
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. 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.
Major market drivers: Global Compressor Rental Market
- 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
Market Segmentation: Global Compressor Rental Market
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, global compressor rental market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.
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.
Major Market Competitors: Global Compressor Rental Market
Some of the major players in global metal coatings market include, Aggreko, Atlas Copco AB, Caterpillar, Hertz Equipment Rental, Ingersoll-Rand plc, Sunbelt Rentals, United Rentals, Inc., Ashtead Group plc, ACME FAB-CON (I) PVT. LTD, Coates Hire, and Others.
Research Methodology: Global Compressor Rental Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.