Rotary Air Compressor Market by End-user and Geography - Forecast and Analysis 2022-2026

The rotary air compressor market share is expected to increase by USD 3.14 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 3.9%.

This rotary air compressor 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 rotary air compressor market segmentation by end-user (manufacturing industry, mining and metallurgy industry, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). The rotary air compressor market report also offers information on several market vendors, including Atlas Copco AB, Berkshire Hathaway Inc., Curtis Toledo Inc., Deere and Co., Doosan Corp., Dover Corp., Elgi Equipments Ltd, Frank Technologies Pvt Ltd, G, and E Industrial Supplies Inc, Hitachi Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kirloskar Pneumatic Co Ltd, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Sulzer Ltd., VMAC Global Technology Inc, and Volkswagen AG among others.

What will the Rotary Air Compressor Market Size be During the Forecast Period?

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Rotary Air Compressor Market: Key Drivers, Trends, and Challenges

The rising number of HVAC installations is notably driving the rotary air compressor market growth, although factors such as fluctuations in raw material 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's impact on the rotary air compressor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Rotary Air Compressor Market Driver

The rising number of HVAC installations is one of the major drivers impacting the rotary air compressor market growth. Rotary air compressors are air compressors that have a rotary-type positive-displacement mechanism and are used in heating, ventilation, and air conditioning (HVAC) systems to compress the refrigerant and bring it to the right temperature and pressure before it (the refrigerant) passes through the condenser coil. Rotary air compressors are high-energy consuming components in HVAC systems. Rising investments in commercial and residential buildings are driving the demand for HVAC systems, which subsequently is driving the demand for rotary air compressors. Infrastructural projects related to commercial and residential buildings are increasing across the globe at a significant rate, owing to population growth and support from government bodies for construction projects. As the urban population increases, the need for residential and commercial spaces will increase worldwide, which will boost the number of construction projects. The number of residential and commercial buildings is rapidly increasing across the globe, which is propelling the demand for HVAC systems. This, in turn, is spurring the demand for rotary air compressors globally.

Key Rotary Air Compressor Market Trend

The dominance of APAC countries is one of the major trends influencing the rotary air compressor market growth. The developing countries in APAC are witnessing rapid industrialization and significant emphasis on energy conservation; due to this, APAC is expected to continue its domination of the rotary air compressor market during the forecast period. The region has been generating high industrial output with strong industrial development. Manufacturing industries, such as the automotive industry, are witnessing exponential growth due to the abundant availability of raw materials and easy access to skilled labor in the region. The growth of manufacturing industries in countries like China, Japan, South Korea, and India calls for better and superior machinery to enhance production, thus leading to the growth of the air compressor market. Other countries like Indonesia, Malaysia, Thailand, and Vietnam are also expected to witness growth during the forecast period due to the growth-oriented policies of their respective governments.

Key Rotary Air Compressor Market Challenge

Fluctuations in raw material prices are one of the major challenges impeding the rotary air compressor market growth. The availability of raw materials, competition among vendors, and labor costs are the important factors that govern the production cost of rotary air compressors. Although the production costs in most of the developing nations of APAC, such as China and India, are much lower than that in Europe, the volatility in raw material prices hurts rotary air compressor manufacturers. Aluminum, steel, and castings are the key raw materials used in the production of rotary air compressors. The prices of these raw materials fluctuate, owing to inflationary pressure and supply scarcity. For instance, globally, in January 2019, steel (rebar) prices were around $600-$650 per metric ton, which decreased to around $600-$620 per metric ton in May 2019. Afterward, prices plunged to as low as $525-$550 per metric ton in October 2019 and again declined to around $530-$550 per metric ton in December 2019. As a result, such fluctuations hurt the productivity of market vendors, since they must bear the excess cost of ownership in the event of a price rise. As the market is highly competitive, vendors cannot pass on the additional cost to end-users, and selling at the old price reduces their profit margins.

This rotary air compressor 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.

Parent Market Analysis

Technavio categorizes the global rotary air compressor 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 rotary air compressor market during the forecast period.

Who are the Major Rotary Air Compressor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

• Atlas Copco AB
• Berkshire Hathaway Inc.
• Curtis Toledo Inc.
• Deere and Co.
• Doosan Corp.
• Dover Corp.
• Elgi Equipments Ltd
• Frank Technologies Pvt Ltd
• G and E Industrial Supplies Inc
• Hitachi Ltd.
• Ingersoll Rand Inc.
• KAESER KOMPRESSOREN SE
• Kirloskar Pneumatic Co Ltd
• Kobe Steel Ltd.
• Mitsubishi Heavy Industries Ltd.
• Siemens AG
• Sulzer Ltd.
• VMAC Global Technology Inc
• Volkswagen AG

 

This statistical study of the microfinance market encompasses successful business strategies deployed by the key vendors. The microfinance market is fragmented and the vendors are deploying organic and inorganic growth strategies 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 rotary air compressor 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.

Rotary Air Compressor Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the rotary air compressor 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.

Which are the Key Regions for the Rotary Air Compressor Market?

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48% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for the rotary air compressor market in the region. Market growth in this region will be faster than the growth of the market in other regions.

The growing preference for energy-efficient rotary air compressors will facilitate the rotary air compressor 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

The demand for oil and gas has been adversely impacted in the first half of 2020 due to the lockdown imposed in several countries in the region to contain the outbreak of COVID-19. However, with the gradual recovery of countries in the region, primarily Japan, South Korea, and China, from the impact of the COVID-19 crisis, operations in manufacturing plants in these industries were resumed with a limited workforce in the first half of 2021, following the lifting of lockdowns and other restrictions, coupled with the initiation of mass vaccination programs in the region. Thus, the regional demand for rotary air compressors is expected to fuel the growth of the regional market during the forecast period. 

What are the Revenue-generating End-user Segments in the Rotary Air Compressor Market?

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The rotary air compressor market share growth in the manufacturing industry segment will be significant during the forecast period. The growth in the global frozen food market will significantly drive the demand for rotary air compressors that are used in refrigeration systems. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the rotary air compressor market size and actionable market insights on post COVID-19 impact on each segment.

 

Rotary Air Compressor Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 3.9%
Market growth 2022-2026	$ 3.14 billion
Market structure	Fragmented
YoY growth (%)	3.25
Regional analysis	APAC, Europe, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 48%
Key consumer countries	US, China, Japan, Germany, and UK
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Atlas Copco AB, Berkshire Hathaway Inc., Curtis Toledo Inc., Deere and Co., Doosan Corp., Dover Corp., Elgi Equipments Ltd, Frank Technologies Pvt Ltd, G and E Industrial Supplies Inc, Hitachi Ltd., Ingersoll Rand Inc., KAESER KOMPRESSOREN SE, Kirloskar Pneumatic Co Ltd, Kobe Steel Ltd., Mitsubishi Heavy Industries Ltd., Siemens AG, Sulzer Ltd., VMAC Global Technology Inc, and Volkswagen AG
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, and Market condition analysis for the forecast period.
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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What are the Key Data Covered in this Rotary Air Compressor Market Report?

• CAGR of the market during the forecast period 2022-2026
• Detailed information on factors that will drive rotary air compressor market growth during the next five years
• Precise estimation of the rotary air compressor market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the rotary air compressor industry across APAC, Europe, North America, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of rotary air compressor market vendors

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