Global Compressor Market for Transport Applications 2017-2021

Overview of the global compressor market for transport application

Market research analysts at Technavio predict that the global compressor market for transport application will grow steadily at a CAGR of over 4% by 2021. This market research analysis identifies the increase in the expansion of the railway industry as one of the primary growth factors for this market. The highest demand for railway comes from the urban areas caused by growing populations and expanding metropolitan areas. The air compressor along with electric drive motor, control system, and absorption air system produces compressed air which is further used for friction brake system, suspension systems, and brake operations. Therefore, the increased demand of the railways in recent years has led to an increased demand for portable air compressors for transport application.

The emergence of the high-speed rail network is one of the latest trends that will gain traction in the compressor market for transport application in the coming years. The growth of the high-speed rail market is due to the shorter travel time and the lower carbon dioxide (CO2) emissions resulting in energy savings. Additionally, it has also been noted that the increasing need to combat congestion and save time and money is forcing people to demand high-speed railways, in turn, creating a huge demand for air compressors during the forecast period.

Competitive landscape and key vendors

The compressor market for transport application is characterized by the presence of global and regional manufacturers. Efficiency and innovation are the primary areas of concern for manufacturers as these two attributes play a major role in the upgrading of the product offerings in the recriprocating air compressor market. Additionally, compressor vendors are increasing their product portfolio by mergers and acquisition.

The leading vendors in the market are -

• Atlas Copco
• Gardner Denver
• Ingersoll-Rand

The other prominent vendors in the market include Elgi Equipments, Dürr Technik, PARKER HANNIFIN CORP, Knorr-Bremse, Kirloskar Pneumatic Company, and Samvardhana Motherson Group.

Geographical segmentation and analysis of the compressor market for transport application

• Americas
• APAC
• EMEA

This market study estimates that in terms of geographic regions, EMEA will be the major revenue contributor to the market by 2021. Modernization and implementation of electro-mobility in public transport in this region are creating demand for electric buses subsequently boosting the market for the compressor market for transport application.

Growth drivers, challenges, and upcoming trends: Emergence of smart railways

Upcoming trends such as the emergence of smart railways are gaining popularity as it is an alternative to effectively address the problem of infrastructure saturation in both advanced and emerging economies. Additionally, smart railway transport can transform rail networks from a basic means of transport into complex systems, which can be crucial in providing comfort to passengers on trains.

This report provides a number of factors contributing to the adoption, limitations, and opportunities of the compressor market for transport application. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global compressor market for transport application?
• What are the key market trends impacting the growth of the global compressor market for transport application?
• What are the challenges to market growth?
• Who are the key vendors in the global compressor market for transport application?
• What are the market opportunities and threats faced by the vendors in the global compressor market for transport application?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the global compressor market for transport application?

Technavio also offers customization on reports based on specific client requirement.

The compressor is a device that provides air/gas at a higher pressure. Air can be used as a powerful medium to transmit power for various applications.  In order to help the client gain a competitive edge, research analysts at the global market research firm Technavio deliver a comprehensive collection of industry research reports on the various aspects of the test and measurement and engineering tools sectors, which are an integral part of the heavy industry segment.

To precisely predict the industry's growth prospects, our analyst's follow a corroborative approach of primary and secondary data collection methods and perform a detailed analysis of multiple aspects, such as advancements in technology and the impending trends in the consumer demand for different products and services across multiple geographical regions. This impending research report on the compressor market for transport applications also considers the growth of the similar markets such as material testing equipment market and refrigerant compressors market, that are predicted to project a CAGR of more than 3% and around 5% until 2021. According to our research analysts, the expansion of the railway industry is bound to create a market for electrical equipment and compressors, which, in turn, will support the growth of the compressor market for transport applications in the coming years.

The upcoming industry research report for the compressor market for transport applications also identifies the primary drivers, forthcoming trends, coupled with the challenges currently experienced by the market. It also presents a detailed insight into the changing vendor landscape to give you a precise insight of the future direction of the industry.