The growth of the construction segment of the compressor rental market is because of to growth of various sectors, such as residential & commercial construction, infrastructure development, demolition & road building equipment, and civil engineering in the Asia-Pacific region. Compressors are considered to be the most efficient tools for bulk handling & lifting as well as drilling applications in the construction industry. Increased use of compressors in the construction industry is one of the driving factors for the compressor rental market.
In a recent research report by Maximize Market Research, the Compressor Rental Market is expected to surpass US $ 5.53 Bn by the year 2026, from US $ 3.56 Bn in 2020.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 6.5%, during the tenure of 2021 – 2027.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain Analysis, and the PORTER’s analysis for the white goods market at a global level.
The study is consolidated based on two major segments and further into sub-segments, by Compressor Type (Dynamic, Positive Displacement), and by End-Use Industry (Construction, Mining, Oil & Gas, Power, Manufacturing), to forecast the market size by value; also includes the analysis of past market dynamics from 2016 – 2019, considering 2020 as the base year.
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players – Atalas Copco Ltd., Ingersoll-Rand plc., Cisco Air Systems, Ar Brasil Compressors, United Rentals, Inc., Kompresory PEMA, Coates Hire, Caterpillar, Hertz Equipment, Sunbelt Rentals, Acme Fabcon India Private Limited, Aggreko plc., AirParts Compressores, ACME Fab-Con, Cramco, Ramirent, and Ar Brasil Compressores Blueline Rental.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Compressor Rental Market.”
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