USD 10 billion by 2035: Compressor Rental Market
global compressor rental market is expected to be worth USD 4.85 billion. The compressor rental market is expected to reach USD 10 billion by 2035
In 2025, the global compressor rental market is expected to be worth USD 4.85 billion. The compressor rental market is expected to reach USD 10 billion by 2035, growing at a compound annual growth rate (CAGR) of 7.5%, according to FMI’s estimate. Sales of compressor rental solutions will increase as a result of growing demand across industries for flexible and affordable air compression solutions.
The compressor industry experienced a radical change in 2024 as a result of increased demand from the manufacturing, mining, construction, and oil and gas sectors. Additionally, cost reductions, operational flexibility, and reduced maintenance requirements, which allowed businesses to optimize resources without significant capital expenditures, contributed to the abrupt preference for renting options.
Among the compressor types, rotary screw compressors are anticipated to experience particularly high demand in the global market. This heightened preference for rotary screw compressors is attributed to their numerous advantages, driving the rotary screw compressor rental segment to thrive at a commendable 7.4% CAGR through 2035, according to insights from Future Market Insights (FMI).
The construction sector is expected to emerge as a key driver of demand for compressor rentals, fueled by projections of robust infrastructural development activities worldwide. Contractors are increasingly opting for rental equipment solutions, driving the construction segment to exhibit a noteworthy CAGR of 7.2% through 2035, as per FMI’s latest analysis.
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Growth Factors
The compressor rental market is witnessing a surge in demand across diverse sectors such as construction, mining, oil & gas, and manufacturing, driving substantial market growth. This growing utilization of compressor rentals in key industries is serving as a significant catalyst for the expansion of the market.
Moreover, there is a notable uptick in the demand for customized compressors globally, which is expected to further propel the growth of the compressor rental industry. This trend reflects the increasing need among businesses for tailored compressor solutions that meet their specific operational requirements.
The expansion of the construction and mining sectors is anticipated to present lucrative opportunities for compressor rental providers. With ongoing infrastructure development projects and mining activities worldwide, the demand for compressor rentals in these sectors is poised to experience significant growth.
Additionally, the surging popularity of portable and electric compressor rentals is expected to positively impact the market. These portable and electric compressor solutions offer enhanced flexibility and efficiency, catering to the evolving needs of end-users across various industries.
Key Companies
- Acme Fabcon India Private Limited
- Aggreko PLC
- Ashtead Group PLC
- Atlas Copco
- Caterpillar Inc
- Coates Hire
Market Segmentation
By Type:
- Rotary Screw
- Reciprocating
By End Use:
- Construction
- Mining, Oil & Gas
- Power
- Manufacturing
- Chemical
- Others
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- East Asia
- South Asia and Pacific
- Middle East and Africa