DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Compressor Rental Market by Compressor Type, End-Use Industry and Region - Global Forecast to 2026" report to their offering.
The compressor rental market is projected to reach USD 5.53 Billion by 2026, at a CAGR of 6.4% between 2016 and 2026
This growth can be attributed to increasing demand for customized air rental solutions to meet different requirements of varied industries. Renting customized compressors offers improved cost advantage and reduces additional repair costs resulting from system breakdowns. The customized air compressor rental systems are used in varied end-use industries, such as oil & gas, medical, and construction, among others.
Technologically advanced air compressors are preferred as pneumatic power tools in commercial applications. They are used as jackhammers, pneumatic drills, pneumatic nail guns, and air saws, among others. Increasing demand for these pneumatic tools in the construction and manufacturing end-use industries is driving the demand for compressors, thereby fueling the growth of the compressor rental market.
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.
- New Customized Compressed Air Rental Solution
- Growing Use of Pneumatic Power Tools
- Revival of Mining Equipment Market
- Uncertainty in Raw Material Prices
- Next Generation Air Compressors
Compatibility With Tier 4 Engines
- Acme Fabcon India Private Limited
- Aggreko Plc
- Ashtead Group Plc
- Atlas Copco
- Caterpillar Inc.
- Coates Hire
- Hertz Equipment Rental Corporation
- Ingersoll Rand
- United Rentals, Inc.
For more information about this report visit http://www.researchandmarkets.com/research/pp4wxf/compressor_rental