The compressor rental market is projected to reach USD 5.53 Billion by 2026, at a CAGR of 6.4% from 2016 to 2026.

Among end-use industries, the chemical segment of the compressor rental market is projected to grow at the highest CAGR

In the chemical industry, air compressors are used for transporting liquids under pressure. They are also used in pressurizing tanks, aeration tanks, and culture vessels for spot cooling and molding plastics. Air compressors find application in the automatic control systems used in the chemical industry. Besides air compressors, screw compressors are also commonly used in the chemical industry. Rapid growth of the chemical industry in the Middle East & Africa and Asia-Pacific regions is fueling the growth of compressor rental market.

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Increasing demand for pneumatic tools in the construction and manufacturing end-use industries is fueling the growth of the compressor rental market.

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.

The objectives of this study are:

To define, describe, and forecast the compressor rental market on the basis of end-use industry, compressor type, and region

To analyze and forecast the size of the compressor rental market in terms of volume (units) and value (USD million)

To provide detailed information about key factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the compressor rental market

To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contributions made to the compressor rental market

To analyze opportunities in the compressor rental market for stakeholders and draw a competitive landscape of the market

The Asia-Pacific region is expected to lead the compressor rental market between 2016 and 2026. China is the largest market for compressor rental in the Asia-Pacific region, owing to the continuous growth of the chemical and mining industries in the country. Growth of the construction and general manufacturing industries in China is also projected to fuel the demand for compressor rental in the country, thereby contributing to the growth of the Asia-Pacific compressor rental market during the forecast period.

Atlas Copco, Ingersoll Rand, Hertz Equipment Rental Corporation, and United Rentals, Inc., among others are the leading players operating in the compressor rental market. These leading players primarily concentrate on acquisitions to expand their geographical reach, globally. The competitiveness in the compressor rental market is increasing due to growing capacities of companies and increasing number of agreements taking place between them. Various strategic growth activities have been adopted by key players, such as Atlas Copco, Ingersoll Rand, and United Rentals, Inc., among others to strengthen their position in the compressor rental market. These market players are concentrating more on inorganic growth strategies than organic growth strategies. Expansions and new product launches are some of the key strategies adopted by these leading players to grow in the compressor rental market.