Get In Touch

Air compressor is a machine used to convert power from electric motors into kinetic energy. Rental air compressors are customized compressors made available to the client on rent. Rental air compressors is a good option to meet short- or long-term demand and unexpected contingencies or emergencies. The use of these compressors reduces the additional repairing cost arising out of system breakdown and the risk of financial loss. They also offer significant cost advantage. The purchase and installation of new compressors incur significant costs. The shift in trend toward renting compressors with operational expenses is a key factor driving the demand for rental air compressors. Failure and frequent replacement of aging equipment, changing emission standards, and the recovering petrochemical & refining sector are some of the factors fuelling the demand for rental air compressors. Additionally, growth of the manufacturing sector and the coal & mining equipment sector is expected to propel the demand for rental air compressors during the forecast period. Development of more efficient air compressors to mitigate the concerns pertaining to noise pollution and air pollution and potential innovations in technology are likely to boost the use of rental air compressors in the construction industry. These factors are expected to positively influence the demand for rental air compressors in the near future.

Based on compressor type, the market for rental air compressors can be divided into reciprocating and rotary screw air compressors. In 2016, rotary screw was the dominant segment holding a significant share of the market. Rotary screw compressors are increasingly being employed as a power tool in the construction industry. They are also used in the oil & gas industry in oil rigs operations to extract crude oil. As a result, the rotary screw segment is expected to witness remarkable growth during the forecast period. This growth is also attributable to growth of construction and oil & gas sectors, particularly in Asia Pacific and the Middle East. Depending on end use, the market for rental air compressors can be segmented into construction, mining, oil & gas, power generation, manufacturing, and chemical. Rental air compressors are widely used as pneumatic tools in manufacturing and construction industries. Increase in infrastructural development and boom in residential and commercial construction activities, particularly in Asia Pacific, drive the demand for air compressors in bulk handling and drilling applications. As a result, the construction segment held a major market share in 2016. The mining sector has been witnessing sluggish growth for the last few years, due to abridged investments and reduced demand in North America and Europe. However, unexplored regions such as Africa and Latin America present significant growth opportunities for the mining equipment sector. The mining segment is estimated to expand significantly in the next few years. Rental air compressors, especially rotary screw compressors, are widely employed for heavy-duty applications in the mining industry owing to their high efficiency and safe performance during mining operations. The chemical segment is expected to witness impressive growth during the forecast period, owing to use of rental air compressors in automatic control systems, spot cooling, and molding plastics applications.

In terms of geography, Asia Pacific held a major share of the global rental air compressors market in 2016. This is attributable to flourishing construction and manufacturing sectors in the region. Most of the end-user firms in the two industries are capital-intensive and they prefer using air compressors on rent rather than buying them.

Key players operating in the global rental air compressors market include Ingersoll Rand, Caterpillar, Atlas Copco, Aggreko, and Hertz Equipment.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Custom Market Research Services

TMR offers custom market research services that help clients to get information on their business scenario required where syndicated solutions are not enough.

REQUEST CUSTOMIZATION

Rental Air Compressors Market

Pre Book