ID: MRFR/E&P/4808-CR | October 2020 | Region: Global | 115 pages
Screw Compressor Rental Market size is projected to be worth USD 6.18 Billion by 2027, registering a CAGR of 6.45% during the forecast period.
The report covers the most recent screw compressor rental market Growth is to give the most exact figures and expectations. By associating the authentic information with crucial market elements, our examiners can make profoundly keen projections. MRFR's report incorporates an exhaustive investigation of the worldwide screw blower rental market portioned by type, convey ability, stage, end-client, and district. Patterns and openings are featured combined with the pie of organizations just as their valuation is on the lookout. It breaks down new income hotspots for players and frameworks the different techniques carried out by players.
According to a market report, the worldwide screw compressor rental market Size is promoted to encounter a 5.73% CAGR during the evaluation time frame (2018-2023), driven by expanding interest for redid rental arrangements in different mechanical areas.
The effect of the COVID-19 flare-up has been highly critical of most of the MSMEs in the assembling area because of diminished exercises brought about by lockdown and social separating measures and lessening in the neighbourhood and worldwide interest because of a monetary slowdown.
The effect of the COVID-19 episode on the single-stage screw blower is relied upon to be dependable, and it is required to renew once the mechanical exercises are at pre-COVID-19 levels. This situation is relied upon to show up close to the furthest limit of the figure time frame. By this time, the simple accessibility of immunization or kick-in of crowd resistance is expected.
The geological examination of North America, Asia-Pacific, Europe, and the Rest of the World (RoW) has been directed. According to the investigation by MRFR, the APAC locale is assessed to overwhelm the worldwide market for screw blower rental by procuring 38.5% for the piece of the pie. APAC is assessed to grow at the most noteworthy CAGR during the gauge time frame. The creating economies like India, South Korea, India, Singapore, and China have depicted a critical part in increasing the market. The district is pushing because of the expanding unfamiliar direct speculation (FDIs) and the most optimized plan of attack activity. Notwithstanding it, the expanding interest for items and administrations account for the ascent in discretionary cash flow.
The expanding tendency of worldwide organizations to put resources into the territorial market has also pushed the market. North America accomplishes the following position. The U.S. has made critical cooperation in the development of the market. Notwithstanding, present organizations are confining a section of new companies on the lookout, blocking the development of the market.
Key players of the Data Governance Market are:
The screw compressor rental market Analysis provides a kind of gas blower. Highlights, for example, conveying excellent packed air, low support, and low operational expense, are the significant drivers of the screw compressor rental market.
Oil-infused or sans oil sort of screw blowers are utilized in businesses. There has been an expanding interest for the worldwide screw blowers market in synthetic compounds and petrochemicals handling, metals and mining, food and refreshments, car, oil and gas, and force plants. Development in these businesses is expected to develop the screw compressor rental market fundamentally.
Advancements made in pharma, food, and drinks, material, and auto are among the different variables bringing about the increment of interest in the screw compressor rental market.
Developing interest in eco-accommodating screw blowers is a central point that will offer adequate development freedoms to the screw compressor rental market.
There are some limiting variables for the worldwide market development, which incorporate high force utilization because of the quick blower, creation of garbage because of rapid activity, and obstruction in the utilization of innovation.
The difficulties resemble spillages, and an overabundance of wind stream is the most significant difficulty and has been survived. The framework has been all around keeping up, which dodges the deficiency of air.
Control methodology has been done during stacking and dumping. The well-performing frameworks are satisfactorily introduced with great stockpiling beneficiary limits and have great blower control.
Cumulative Growth Analysis
Total market development examination incorporates the interest for screw compressor rental market esteem on rising and will keep scaling by industrialization and urbanization. Simulative development is occurring and will likewise happen in the forthcoming years.
According to the screw compressor rental market Outlook additionally furnishes you with itemized market examination for each country development in medical care consumption for capital hardware, introduced base of various sort of items for blower rental market, the effect of innovation utilizing lifeline bends and changes in medical services administrative situations and their effect on the blower rental market. The information is accessible for a memorable period from 2010 to 2020.
Based on portability, the worldwide screw rental market can be isolated into fixed and compact. The versatile section is assessed to produce higher income.
The worldwide screw compressor rental Industry market can be isolated into oil-infused blowers and sans oil blowers based on types.
The worldwide screw blower rental market can be ordered into a solitary stage screw blower and stage screw blower based on stages.
Based on end-user, the worldwide screw blower rental market can be ordered into the compound, producing oil and gas, mining, development, power.
The rising interest for rental gear and instruments inferable from blackout is relied upon to turn out well for the market. Screw compressor rental market Share are famous because of their capacity as a successful reinforcement for supporting the creative stream. An inclination for energy-productive blowers that are resistive to grating is probably going to gather interest among end-clients. The restoration in the mining business can support market interest over the gauge time frame. Variances in steel material costs can be a possible impediment. Yet, the excess of chances in the Asia Pacific can guarantee a consistent market interest in the coming years.
The screw compressor rental market Trends are seeing an ascent sought after in light of their proficiency in reinforcement for keeping up the creation stream. Notwithstanding, the mining business additionally assumes a fundamental part in the development of the market. Also, the expanding tendency towards energy-effectiveness blowers, which are agreeable to grinding, is required to enlarge the market further. The setup packagers and industrials clients progressively utilize screw blowers and are leasing them for delayed residency to help their everyday capacities. Plus, leasing screw blowers can diminish the fixed costs. Since it saves screw compressor rental market Revenue, the market is assessed to have an upward direction in the approaching time frame. Notwithstanding, precariousness in the expense of steel material is a critical reason for a deterrent in extension.
In October 2019, LOT Cargo agreed to temperature-controlled active containers with CSafe global. This agreement was to address the crucial cold-chain transport needs of life science companies. CSafe designed an advanced compressor-driven cooling technology to regulate the payload temperature with superior insulation.
In July 2019, a series of five new advanced air compressors for the Indian market was launched by Atlas coco. The new series includes a piston air compressor, site nitro generator, and screw air compressor for meeting the changing demand of the industries across India.
Mar 2019 Atlas Copco, a chief dealer of sustainable productivity solutions, lately launched their newest air compressor range in the smart AIR solutions range. The GA 110-160 VSD+ oil-injected screw compressor range has a new state-of-the-art compression component and is intended to deliver triple benefits when it comes to encompassing energy, efficiency, service, and uptime. SMARTLINK is also well-suited for Industry 4.0, permitting digital integration of the compressed air system with more intelligent networked devices to advance equipment performance, improve predictive maintenance and additionally increase energy efficiency.
The report highlights screw compressor rental market Growth potential in terms of its revenue hike by the end of the forecast years in 2028.
The segmentation table is as follows:
|CAGR||6.45% CAGR (2022-2030)|
|Historical Data||2019 & 2020|
|Forecast Units||Value (USD Billion)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, Portability, Stage and End-user|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||Lewis System (U.S.), CAPS Australia (Australia), Metro Air Compressor (U.S.), Stewart & Stevenson LLC (U.S.), United Rentals Inc. (U.S.), Ingersoll-Rand plc (Ireland), Aggreko plc (U.K.), Atlas Copco AB (Sweden), Air Energy Group LLC (U.S.), Caterpillar Inc. (U.S.), BOGE KOMPRESSOREN Otto Boge GmbH & Co. KG (Germany), Kaeser Kompressoren SE (Germany)|
|Key Market Opportunities||
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The global screw compressor rental market valuation can reach USD 6.45 Billion by 2027.
The global screw compressor rental market is predicted to expand at 5.73% CAGR from 2017 to 2027.
Increasing demand for rental equipment and services and emphasis on energy conservation can drive the market growth.
Dipping prices of steel and aluminum can restrain the global screw compressor rental market growth.
Oil-injected screw compressors can dominate the global market till 2027.
The construction industry can fetch high returns for the global screw compressor rental market owing to infrastructural projects and providing power to construction equipment.
Global Screw Compressor Rental Market: Competitive Landscape
Atlas Copco AB (Sweden), Caterpillar Inc. (U.S.), United rental Inc. (U.S), Aggreko plc (U.K), and Ingersoll-Rand plc (Republic of Ireland) collectively accounted for more than 41% of the market share of the global screw compressor rental market in 2017. These companies continue to retain their strong global presence through expansions followed by the partnerships and collaborations.
Atlas Copco AB held the largest market share of 15.3%. Atlas Copco is a multinational company and is a leading provider of sustainable productivity solutions. The company operates its business through four major divisions, which are compressor techniques, vacuum techniques, industrial techniques, and power techniques. Atlas Copco’s compressor technique division offers compressed air solutions, industrial compressors, gas and process compressors, and expanders, air and gas treatment equipment, and air management systems. Atlas Copco develops products and services focused on productivity, energy efficiency, safety, and environmental sustainability. The company also offers its compressor equipment on rent for cyclic and seasonal demand from the customers. In June 2017, the company inaugurated a state-of-the-art facility center in Belgium, Europe. The new facility is exclusively built for specialty rental division in Atlas Copco’s construction technique business area. Through this inauguration, the company wants to further strengthen its position in Europe as a complete solution provider of temporary air, power, steam and nitrogen solutions to manufacturing, oil and gas, power and mining customers.
Caterpillar Inc. held a market share of 12.2%. Caterpillar is a multinational conglomerate, and has a firm hold in infrastructure assets. The company has its business segmented in four major industrial divisions, which are construction, resource, energy & transportation, and customer & dealer support. Caterpillar designs, develops, engineers, manufactures, markets and sells machinery, engines, financial products and insurance to customers via a worldwide dealer network. Besides, the company is a leading manufacturer of construction and mining equipment, diesel and gas engines, diesel-electric locomotives, and industrial gas turbines. The company is the one of the most preferred brands for portable screw compressors among the consumers and is widely distributed by the distributors. The companies have strong potential of growth in rental market during the forecast period owing to high demand from the end-use industries.
United Rentals, Inc. is one of the largest equipment rental company in the world. The company operates in two reportable segments, namely general rentals and trench, power and pump. Trench, power, and pump segment includes specialty equipment rentals for underground construction (plus related training services), temporary power, climate control, job site tool rentals and management, and pump equipment. United Rentals operates 997stores in 49 states and 10 Canadian provinces to access one of the world's largest fleets of rental equipment for industrial operations and commercial contractors. United Rentals (North America) Inc., United Rentals Trust I, United Rentals Finance, LLC are some of the subsidiaries of the company.
Aggreko Plc is one of the major providers of rental, mobile power, heating, cooling, and related services, worldwide. The company operates in two business segments namely Rental Solutions, and Power Solutions. The company operates in more than 80 countries such as U.S., India, U.K, and Canada, through 193 sales and service centers and with around 6,000 employees working for them. It serves the various sectors of agriculture, construction, contracting, data centers, events, facilities management, food and beverage, government services, manufacturing, mining, oil and gas, petrochemical and refining, pharmaceuticals, renewable energy, shipping, telecommunications, and utilities.
Ingersoll-Rand is a public limited, diversified global company, which was incorporated in 2009. The company offers products, services and solutions for two major business segments, which are Climate and Industrial. The company offers its products for enhancement in quality, energy efficiency, comfort of air in homes, buildings, transport, food & perishables protection, and improve industrial productivity. The company is involved in business activities such as design, manufacture, sale, service, and rental service of a diverse portfolio of industrial and commercial products. Under the climate segment, the company offers heating, ventilation and air conditioning (HVAC) systems, and commercial and residential building services, parts, support and controls; energy services and building automation. The industrial segments deals with compressed air and gas systems and services, power tools, material handling systems, fluid management equipment, as well as golf, utility, and low-speed consumer vehicles.
The global screw compressor rental market is characterized by the presence of many global, regional, and local players. The market is highly competitive with all the players competing to gain market share. Intense competition, rapid advances in technology are key factors that confront market growth. The vendors compete based on cost, product quality, reliability, and aftermarket service. It is crucial for the vendors to provide cost-efficient and high-quality rental screw compressor, to survive and succeed in an intensely competitive market environment. Extensive growth in screw compressor rental market has brought to light that new product development on large scale to stay in competitive market, is a key strategy adopted extensively by the players with a share of more than 50.0%, to spread their geographical presence and improve operational efficiencies. Partnerships and collaborations is also a major strategy adopted by the major players in the global screw compressor rental market with a share of more than 25%. This strategy is widely adopted to increase the market share of the company across the globe.