Lewes, DE -- (SBWire) -- 05/10/2016 --Report forecast the global compressor rental market to grow at a CAGR of 6.9% during the period 2016-2020.
Compressors are mechanical devices that compress air or gas in a sealed unit and deliver it at the desired pressure levels. These equipment find application in a broad range of end-user industries such as construction, mining, oil and gas, power, and other industries, including food and beverage and water and wastewater treatment. The demand for compressor rental services is highly influenced by the performance of these process industries.
The report covers the present scenario and the growth prospects of the global compressor rental market for the period 2016-2020. The market size is estimated based on the projected demand from key end-user segments.
The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA
According to the report, compressed air is used to drive pneumatic power tools. Pneumatic power tools include nailers/staplers, drills and screwdrivers, impact wrenches, and percussion tools. These tools are safer to operate and maintain compared to electric power tools. They have a higher power-to-weight ratio that allows smaller and lighter tools to accomplish a complex task quickly. Moreover, the general grade pneumatic power tools with a shorter lifespan, also known as disposable tools in the tooling industry, are cheaper; whereas, industrial-grade power tools with a longer lifespan are expensive.
Further, the report states that vendors have to deal with price fluctuation of raw materials, which is a significant challenge, to remain competitive in the market.
Global Compressor Rental Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the Global Compressor Rental Market: Aggreko, Atlas Copco, Caterpillar, Hertz Equipment, Ingersoll Rand, Sunbelt Rentals, and United Rentals.
Other Prominent Vendors in the market are: ACME Fab-Con, AirParts Compressores, Ar Brasil Compressores, Blueline Rental, Cramo, Coates Hire, and Ramirent.
Market driver
- Technological developments in compressed air rental solutions
- For a full, detailed list, view our report
Market challenge
- Uncertainty in raw material prices
- For a full, detailed list, view our report
Market trend
- Next -generation air compressors
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 72 pages and 35 Exhibit "Global Compressor Rental Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by end-users, Geographical segmentation, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-compressor-rental-market-2016-2020
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