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The portable air compressors market share is expected to increase to USD 2.01 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 3.51%.
This portable air compressors market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers portable air compressors market segmentations by end-user (manufactuaring, construction and mining, energy, healthcare, and others) and geography (APAC, North America, Europe, South America, and Middle East and Africa). The portable air compressors market report also offers information on several market vendors, including Atlas Copco AB, BAC Compressors, BAUER COMPRESSORS INC., Doosan Portable Power Co., Draper Tools Ltd., Elgi Equipments Ltd., Hitachi Ltd., Hubei Teweite Power Technology Co. Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kaishan Compressor USA, MAT Holdings Inc., Metabowerke GmbH, Mi T M Corp., Remeza JSC, Rolair systems, Satnam Pumps and Electricals, Stanley Black and Decker Inc., Sumake Industrial Co. Ltd., and Universal Air and Gas Products Corp. among others.
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The reduction in energy consumption and maintenance cost is notably driving the portable air compressors market growth, although factors such as uncertainty in global oil and gas prices may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the portable air compressors industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Portable Air Compressors Market Driver
The reduction in energy consumption and maintenance cost is one of the key drivers supporting the portable air compressors market growth. There are some innovations made in portable air compressors to enhance efficiency. For instance, the incorporation of closed oil circuits to cool down the motor while lubricating the bearings, will contribute effectively to the reliability of VSD compressors. Moreover, a fan design with the circuit ensures high efficiency in cooling the mechanism and reduces the noise levels. As the maintenance of portable air compressors is a matter of concern leading to one-tenth of portable air compressors' costs associated with regular maintenance. However, the simplified design coupled with technological advances offers energy savings throughout the lifespan of the compressor. Therefore, vendors in the market are designing compressor systems that reduce the overall cost of the system. Such initiatives will fuel the portable air compressors market growth during the forecast period.
Key Portable Air Compressors Market Trend
Transition to Tier 4 engine technology is one of the key portable air compressors market trends that is contributing to the market growth. Tier 4 engines are the significant sites that are the major source of emissions. The beneficiary attributes of the engines are that they are fuel-efficient and offer longer service intervals. In view of this, several vendors are developing portal air compressors using Tier-4 engines to provide efficient results to their end-users. For instance, Sullair 185 Portable Air Compressor is embedded with an LCD graphics display for indication of controls. The display facilitates air temperature readings, engine speed, and others. This portable air compressor model includes control over operating capacity with automatic unloaded start and inlet valve, complete fluid containment, among others. Such controlling features will propel the air compressors market growth during the forecast period.
Key Portable Air Compressors Market Challenge
Uncertainty in global oil and gas prices is one of the factors hindering the portable air compressors market growth. Significantly, weather changes could have a significant impact on the pricing. For instance, the extreme cold would lead to an increased demand for heating oil, whereas extreme heat would reduce consumption and leads to a surplus in oil stocks. These factors can simultaneously lead to instability in the production and storage of crude oil, which will hinder the final production and supply of oil and gas. Typically, this leads to uncertainty in operational activities, which includes the complete processing of crude oil. Thus, this uncertainty has a negative impact on the demand for equipment and machinery required for the various processes. Moreover, as a major end-user, the oil and gas sector poses challenges to the growth of the global portable air compressors market due to uncertainty in the production and processing of crude oil.
This portable air compressors market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global portable air compressors market as a part of the global industrial machinery market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the portable air compressors market during the forecast period.
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
This statistical study of the portable air compressors market encompasses successful business strategies deployed by the key vendors. The portable air compressors market is fragmented and the vendors are deploying growth strategies such as product design, services, innovations, pricing, and distribution network to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The portable air compressors market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the portable air compressors market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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52% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for portable air compressors market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Technological innovation will facilitate the portable air compressors market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
In 2020, the COVID-19 pandemic severely affected the economies of various countries in the region, which had a negative impact on market growth. However, owing to the various government initiatives such as the initiation of large-scale vaccination drives and the use of face masks and hand sanitizer will drive the portable air compressors market growth during the forecast period.
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The portable air compressors market share growth by the manufacturing segment will be significant during the forecast period. The manufacturing sector is expected to grow during the forecast period due to continuous advances in technology and growing automation at every stage of the production line. In the automotive industry, the demand for electric vehicles (EVs) is a trend that is expected to witness growth in the near future. Therefore, many automotive manufacturers are establishing manufacturing facilities for the production of these vehicles. These factors are likely to enhance the adoption of machinery and tools required to manufacture EVs, which will also propel the market for portable air compressors during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the portable air compressors market size and actionable market insights on post COVID-19 impact on each segment.
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Portable Air Compressors Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 3.51% |
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Market growth 2022-2026 |
$ 2.01 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
2.81 |
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Regional analysis |
APAC, North America, Europe, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 52% |
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Key consumer countries |
US, Canada, China, India, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Atlas Copco AB, BAC Compressors, BAUER COMPRESSORS INC., Doosan Portable Power Co., Draper Tools Ltd., Elgi Equipments Ltd., Hitachi Ltd., Hubei Teweite Power Technology Co. Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kaishan Compressor USA, MAT Holdings Inc., Metabowerke GmbH, Mi T M Corp., Remeza JSC, Rolair systems, Satnam Pumps and Electricals, Stanley Black and Decker Inc., Sumake Industrial Co. Ltd., and Universal Air and Gas Products Corp. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by End-user
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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