Compressor rental market set to grow significantly by 2032, driven by construction and energy sectors.
From GlobeNewswire: 2025-03-25 10:00:00
The compressor rental market was valued at USD 4.47 billion in 2023 and is projected to reach USD 7.64 billion by 2032, with a CAGR of 6.14% through 2024-2032. The United States market is set to grow at a CAGR of 6.54%, reaching USD 1.25 billion by 2032, driven by construction, oil & gas, and manufacturing sectors. Key players in the market include Atlas Copco, Ingersoll Rand, and Caterpillar Inc.
Construction and rotary screw compressors are driving growth in the compressor rental market. The construction segment accounted for over 32% of the market in 2023, while the rotary screw segment held over 68% market share. These compressors are popular due to their efficiency, reliability, and continuous air supply capabilities. Asia-Pacific leads the market with over 38% market share, while North America sees growth in energy and construction sectors.
Asia-Pacific’s market dominance is attributed to rapid industrial expansion and infrastructure development, with countries like China and India investing in construction and manufacturing projects. North America’s growth is driven by the energy sector, construction, mining, and power generation industries. Rental facilities in the region are cost-effective and up-to-date with technology, making it a crucial emerging region in the compressor rental industry. 1. The Compressor Rental Market is projected to grow significantly from 2024 to 2032. For more information or customization, contact [email protected]. SNS Insider is a leading market research agency providing clients with accurate data and consumer insights to make confident decisions in a changing market.
2. SNS Insider offers comprehensive research on the Compressor Rental Market. Buying options and customizations are available for clients. The agency utilizes surveys, video talks, and focus groups globally to provide up-to-date market data and insights for informed decision-making.
3. Get the full research report on the Compressor Rental Market 2024-2032 at https://www.snsinsider.com/checkout/6074. Contact [email protected] for more information or customization options. SNS Insider aims to empower clients with the knowledge needed to navigate evolving market conditions through accurate data and insights.
Read more at GlobeNewswire: Compressor Rental Market Poised for Expansion, Projected to