Compressor Rental Market worth 5.53 Billion USD by 2026

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Compressor Rental Market worth 5.53 Billion USD
by 2026
The report "Compressor Rental Market by
Compressor Type (Reciprocating, Rotary Screw),
End-Use Industry (Construction, Mining, Oil
Gas, Power, Manufacturing), Region (North
America, Europe, Asia-Pacific, Middle East
Africa, South America) - Global Forecast to
2026", The compressor rental market is projected
to reach USD 5.53 Billion by 2026, at a CAGR of
6.4 from 2016 to 2026.
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Introduction
Increasing demand for pneumatic tools in the
construction and manufacturing end-use industries
is fueling the growth of the compressor rental
market. Even though, the mining equipment market
was experiencing a lull over the past few years,
it began to witness a positive trend, in terms of
demand for mining equipment since 2015. Air
compressors are best suited for heavy duty
applications in mining operations. The revival of
the mining equipment market is expected to have a
positive impact on the growth of the compressor
rental market during the forecast period.
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Key Participants
Key players, such as Atlas Copco, Ingersoll Rand,
and United Rentals, Inc., among others have been
focusing on the strategy of mergers
acquisitions to expand their presence in the
compressor rental market.
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On The Basis Of Region
The Asia-Pacific compressor rental market is
projected to grow at the highest CAGR between
2016 and 2026. Growing industrialization and
infrastructure development in the Asia-Pacific
region offers numerous opportunities for use of
air compressors. The key driver for the growth
the Asia-Pacific compressor rental market is the
rising demand for compressors from the
construction industry.
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