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Air Compressed Equipment Market Share

Report ID: GMI7900
Published Date: Jan 2024
Report Format: PDF

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Air Compressed Equipment Market Share

Major participants focus on implementing different growth strategies to strengthen their offerings and expand their market reach. These strategies involve new product developments & launches, partnerships & collaborations, mergers & acquisitions, and customer retention. These players also heavily invest in research & development to introduce innovative and technologically advanced solutions in the market.

Air Compressed Equipment Market Companies

Some of the major players operating in the air compressed equipment industry are:

Atlas Copco
Ingersoll Rand
Kaeser Kompressoren SE
Quincy Compressor
Campbell Hausfeld
Elgi Equipments
Powerex Inc.

Authors: Ankit Gupta, Divyendu Sharma

Frequently Asked Questions (FAQ) :

The market size of air compressed equipment was worth USD 18 billion in 2023 and is anticipated to grow at a CAGR of over 5.5% between 2024 & 2032, driven by the growing industrialization around the globe, which is fueling the demand for compressed air solutions across a range of industries.

The manufacturing end-use segment held a market share of over 40% in 2023 and is poised to grow steadily through 2032, driven by the growing need for automation and pneumatic tools in manufacturing processes.

North America region dominated 38% share of the air compressed equipment industry in 2023 and is expected to grow at a lucrative pace over 2023-2032, driven by the increasing industrial activities, infrastructure development, and the demand for energy-efficient solutions.

Atlas Copco, Ingersoll Rand, Kaeser Kompressoren SE, Quincy Compressor, Campbell Hausfeld, Elgi Equipments, Powerex Inc. are some of the major industry contenders.