Air Compressor Rental Market Size, Share, Trends, Growth 2032

Air Compressor Rental Industry Prospective:

The global air compressor rental market size was evaluated at $4.3 billion in 2023 and is slated to hit $8.8 billion by the end of 2032 with a CAGR of nearly 7.6% between 2024 and 2032.

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Air Compressor Rental Market: Overview

Air compressor rental is a service offering flexible solutions for a spectrum of industrial applications, namely, short-term and long-term rental applications. Moreover, air compressors are utilized in the automotive, construction, mining, and manufacturing sectors. Apart from this, they are cost-efficient, require low maintenance, and are flexible in operations & convenient.  

Key Insights

• As per the analysis shared by our research analyst, the global air compressor rental market is projected to expand annually at the annual growth rate of around 7.6% over the forecast timespan (2024-2032)
• In terms of revenue, the global air compressor rental market size was evaluated at nearly $4.3 billion in 2023 and is expected to reach $8.8 billion by 2032.
• The global air compressor rental market is anticipated to grow rapidly over the forecast timeline owing to an increase in construction activities and a rise in the use of the product in oil & gas exploration activities.
• In terms of equipment type, the portable air compressors segment is slated to register the highest CAGR over the forecast period.
• Based on application, the construction segment is predicted to dominate the global industry surge in the ensuing years.
• On the basis of end-user, the construction firms segment is expected to contribute majorly towards the global market share in the coming years.
• Region-wise, the European air compressor rental industry is projected to register the fastest CAGR during the assessment timespan.

Air Compressor Rental Market: Growth Factors

Need for speeding up construction activities to boost the global market expansion over 2024-2032

An increase in construction activities and a rise in the use of the product in oil & gas exploration activities are expected to boost the global air compressor rental market expansion. Moreover, an increase in the number of construction and infrastructural projects is likely to enhance product demand in the next few years.

Moreover, humungous product penetration in oil & gas, mining, and manufacturing sectors is projected to propel the expansion of the market globally. Adding new features to the product to make it energy-efficient has increased the scope of the global market demand.  

Air Compressor Rental Market: Restraints

A rise in product utilization in particular seasons can inhibit the global industry expansion by 2032

Economic recessions and cutthroat competition between product manufacturers have substantially impacted construction and industrial activities, thereby retarding the expansion of the global air compressor rental industry. Moreover, demand for the product is seasonal. This, in turn, has deterred the growth of the industry globally.

Air Compressor Rental Market: Opportunities

Huge penetration of products in various end-use sectors to generate new growth facets for the global market

The massive need for cost-efficient services and an increase in infrastructure ventures are expected to generate new growth facets for the global air compressor rental market. Large-scale use of pneumatic tools in the automotive, construction, and manufacturing sectors will embellish the expansion of the market globally. Growing demand for customized solutions will expand the scope of the market across the globe.  

Air Compressor Rental Market: Challenges

Surging costs of product transportation to challenge the global industry surge over assessment period

Rising product maintenance & repair costs have impacted the profitability of the air compressor rental business. This has proved to be a key deterrent in the growth path of the global air compressor rental industry. Rising transport and logistics costs are projected to challenge the industry globally.      

Air Compressor Rental Market: Report Scope

Air Compressor Rental Market: Segmentation

The global air compressor rental market is divided into equipment type, application, end-user, and region.                 

In terms of equipment type, the air compressor rental market across the globe is segmented into portable air compressors and stationary air compressors segments. The portable air compressors segment, which accrued approximately half of the global market earnings in 2023, is set to register the fastest CAGR from 2024 to 2032 owing to their convenience and versatility. Furthermore, escalating demand for products in construction activities will provide impetus to the segmental surge. Flourishing DIY sector has contributed to the use of portable air compressors for performing tasks such as spray painting, inflating tires, and operating air tools.      

On the basis of application, the global air compressor rental industry is bifurcated into automotive, construction, mining, manufacturing, and oil & gas segments. Furthermore, the construction segment, which accounted humungous towards the global industry size in 2023, is likely to lead the global industry in the next few years, subject to an increase in construction activities globally with an exploding population. Moreover, large-scale investments made by the government in the development of infrastructure projects, including bridges, road construction, and public transport, will prop up the scope of the segmental surge.        

Based on end-user, the air compressor rental market globally is divided into construction firms, oil & gas firms, manufacturing firms, rental firms, and mining firms segments. Moreover, the construction firms segment, which led the global market space in 2023, is set to promulgate the global market progress in the years ahead owing to the escalating popularity of pneumatic tools. 

Air Compressor Rental Market: Regional Insights

Asia-Pacific is predicted to create a leading position in the global market over 2024-2032

Asia-Pacific, which accounted for nearly 69.90% of the global air compressor rental market earnings in 2023, is forecast to maintain leadership status in the coming decade. In addition to this, the geometric expansion of the market in Asia-Pacific can be due to swift economic development, the thriving construction sector, and rapid urbanization. Apart from this, an immense use of industrial equipment in China and India will drive the regional market trends.  

The European air compressor rental industry is set to record the highest CAGR in the period from 2024 to 2032. The industry expansion in the region can be due to increased investments by private firms in modernization and automation. Moreover, strict laws promoting the use of green products, along with a focus on sustainability, are expected to proliferate the industry expansion in the years ahead.    

Air Compressor Rental Market: Competitive Space

The global air compressor rental market profiles key players such as:

• Loxam Group
• Herc Equipment Rental Corporation
• Ingersoll Rand
• United Rentals Inc.
• Modern Energy Rental
• H&E Equipment Services
• Atlas Copco
• Aggreko
• Ashtead Group Plc
• Caterpillar Inc.
• Shaktiman Equipments
• Sunbelt Rentals

The global air compressor rental market is segmented as follows:

By Equipment Type

• Portable Air Compressors
• Stationary Air Compressors

By Application 

• Automotive
• Construction
• Mining
• Manufacturing
• Oil & Gas

By End-User

• Construction Firms
• Oil & Gas Firms
• Manufacturing Firms
• Rental Firms
• Mining Firms

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa