PUBLISHER: Grand View Research | PRODUCT CODE: 1530273
PUBLISHER: Grand View Research | PRODUCT CODE: 1530273
Screw Compressor Rental Market Trends
The global screw compressor rental market size was estimated at USD 3.87 billion in 2023 and is projected to grow at a CAGR of 4.3% from 2024 to 2030. The demand for market emerges from a combination of industry needs and broader economic trends. Many industries require compressed air for short-term or project-based operations, where investing in a permanent compressor is not cost-effective. This is particularly prevalent in construction, mining, and oil and gas exploration projects, where the site may be operational for a limited time, making rentals a more viable option.
Moreover, increasing emphasis on energy-efficient operations and the rise of industries where compressed air is critical. Additionally, technological advancements that enhance the performance, energy efficiency, or environmental footprint of screw compressors can expand the rental market by increasing the types of applications they can serve.
As air compressors are used in various stages of vehicle production, right from the usage of compressed air by spray painting guns to its utilization for pushing paints through robots or paint guns onto the body of automobiles, the surge in vehicle production is anticipated to fuel the growth of the screw compressor rental market. However, the presence of oil in compressed air can cause beading in the body paint, thereby affecting the quality and finish of the vehicle. In automotive vehicle production assembly lines, compressed air is required for operating pneumatic tools such as actuators and nut runners. Thus, increasing demand for compressed air in automotive production is expected to augment the market growth.
Global Screw Compressor Rental Market Report Segmentation
This report forecasts revenue growth at global, regional & country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the screw compressor rental market based on type, lubrication, end use, and region:
U.S.
Canada
Mexico
UK
Germany
France
Italy
Spain
Japan
China
India
Australia
South Korea
Brazil
Argentina
South Africa
Saudi Arabia
UAE