Report ID: UCMIG25A2115
Report ID:
UCMIG25A2115 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
The compressor rental market had a value of USD 4.4 billion in 2022 and is anticipated to grow at a CAGR of 5.8% from 2023 to 2028 to reach USD 6.2 billion. Over the projection period, the industry for renting compressors is anticipated to increase as a result of the significant demand for new rental air services. Additionally, compressors are very useful for household tasks. They help move air in a number of industries, including oil extraction, chemical production, transportation, automobiles, and beverages. Renting customized compressors is anticipated to save the buyer money and prevent higher repair costs from system failure.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Auto Parts & Equipment by segment aggregation, the contribution of the Auto Parts & Equipment in Automobiles & Components and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Report ID: UCMIG25A2115