Demand for Portable Air Compressors Soar With Increased Adoption in Energy Efficient Equipment
The global market for portable air compressors is estimated to grow at a moderate CAGR of over 4% during the forecast period (2019-2027) to reach a valuation of over US$ 8 Bn.
The portable air compressor market has witnessed steady growth in recent years with rapid utilization in construction sites, road works, and packaging machines through myriad industries. Burgeoning infrastructural activities in APAC and MEA are providing manufacturers with profitable business opportunities over the forecast period.
Technological advances in air compression techniques is laying a profound influence on the equipment's compression capabilities and is consequently expected to drive growth in the portable air compressor market during the forecast period. In addition, the increase in the adoption of robust and energy efficient equipment is also expected to fuel the industry's demand for air compressors.
APAC to Command Robust Demand Figures Owing to Proliferating Industrial Bases
APAC is set to have the highest growth rate of about 4.5% during the forecast period due to robust industrial and construction activities occurring in China and India.
The emergence of a number of screw compressor producing companies in China and India and a large industrial base for manufacturing electronics and semiconductors in China and Taiwan is expected to further boost the region's demand for portable air compressors.
Since the oil and gas industry is one of the major market contributors, the countries with a strong infrastructure will prove to be the most lucrative air compressor markets. Opportunities for the Asia Pacific market will therefore continue to be lucrative over the forecast period.
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Building & Construction Hold Over 20 % Share, Closely Followed by Oil & Gas
The building and construction end use segment led in the global portable air compressor market in 2018. With an overall one fifth share, the building and construction sub-segment is expected to retain its dominance over the period predicted.
The building and construction industry is currently the biggest investor in portable air compressors, with portable air compressors available in various sizes and weights. Air compressors are predominantly being used by building and construction companies for a variety of pneumatic tools and equipment.
Depending on the construction task at hand, portable air compressors are being used in nail guns, jackhammers, and compactors. Oil & gas follows close behind as the second most utilized segment for portable air compressors.
Moderately Fragmented Market with High Entry Barriers
The global portable air compressor market is moderately fragmented in nature with a few primary competitors such as Atlas Copco AB, Ingersoll-Rand PLC, ELGI’s capturing majority of the market share. The market is extremely capital-intensive in nature and therefore there is also a high entry barrier for new competitors.
With the current market growth, however, it is less likely that a number of new entrants will converge in the market for portable air compressors. Some of the key developments in the market are:
- In December 2019, Atlas Copco unveiled its next generation portable air compressors, with the launch of four forward thinking compressors and extended light tower range.
- In December 2019, Elgi Equipment, one of the world’s leading air-compressor manufacturers, launched its future ready, energy-efficient range of electric and diesel portable air compressors
- In Feb 2019, Sullair has introduced a two new portable air compressor include Sullair 185 Series and Sullair 375 Series. New units create additional options for independent representatives and rental companies
Prominent players are setting a new benchmark by expanding their product offerings in terms of technology and higher efficiency to better serve the needs of consumers.
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Global Portable Air Compressor Market: In-Depth Assessment on Key Segments
The global portable air compressor market is segmented on the basis of design, lubrication, drive type, application and region.
- Rotary Screw Type
- Rotary Centrifugal
- Reciprocating Type
- Oil & Gas
- Building & Construction
- Power Generation
- North America
- Latin America
Global Portable Air Compressor Market – Scope Of The Report
The following report provides forecast and analysis of the global portable air compressor market along with the historical data of 2013, estimated data 2019 and forecast data up to 2027 in terms of revenue (US$ Mn) and volume (Units), according to a Fact.MR study.
The research propounds critical trends that are currently influencing growth within the global portable air compressor market along with several macro-economic indicators. This newly published and insightful report on portable air compressor sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global portable air compressor market.
The report also comprises the study of current issues with end users and opportunities for portable air compressor. It also contains value chain analysis, including the key market participants. To provide users of this report with a comprehensive view of the market, we have included a detailed competitive analysis about the key players involved in the market and strategic overviews.
The dashboard included in the report provides a detailed comparison of portable air compressor manufacturers on parameters such as total revenue, product offerings, and key strategies. A list of key companies operating in the portable air compressor market provided in the report adds to the credibility of this exhaustive research study.
Country-specific assessment on demand for portable air compressors has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous portable air compressor manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
The report provides company-level market share analysis, which has been derived on the basis of the company’s annual sales and segmental revenue in all the target end-use industries. The market has been forecasted based on constant currency rates.
Global Portable Air Compressor Market: Research Methodology
A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva, Morningstar and Hoovers, and company annual reports and publications. Comprehensive interviews have been conducted by our analysts, and the intelligence and insights obtained have been used for validating the information gained through secondary research.
The report also includes a description of assumptions and acronyms utilized for research purposes. Data gathered has been validated using the triangulation method to offer useful quantitative and qualitative insights into the portable air compressor market.
A short market viewpoint offered in the report elucidates the macro-economic aspects that influence the growth of the portable air compressor market, which includes global GDP growth rate, automotive industry, oil & gas, building & construction and others.
This report serves as an authentic resource of intelligence on the portable air compressor market, enabling the readers to take fact-based decisions on the future direction of their businesses.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
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