Air Compressor Market Competitive Analysis by Key Vendors, Growth Factors and Forecast 2017-2023

According to a new report published by Allied Market Research, titled, Air Compressor by Type, Technology, Lubrication Method, Power Rating and End-user Industry: Global Opportunity Analysis and Industry Forecast, 2014-2023, the air compressor market was valued at $19,798.56 million in 2016, and is projected to reach at $26,850.35 million by 2023, growing at a CAGR of 4.47% from 2014 to 2023. Asia-Pacific is expected to be the leading contributor to the global air compressor market, followed by Europe and North America.

The report offers key drivers that propel the growth in the global air compressor market. These insights help market players in devising strategies to gain market presence. The research also outlined restraints of the market. Insights on opportunities are mentioned to assist market players in taking further steps by determining potential in untapped regions.

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The rotary segment to retain its dominance in terms of revenue-

Based on technology, the rotary segment accounted for nearly half of the total market share in 2014 and is anticipated to maintain its top status by the end of 2023. At the same time, the centrifugal segment would showcase the fastest CAGR of 4.9% throughout the study period.

The stationary segment to lead the trail by 2020-

Based on type, the stationary segment contributed to nearly three-fifths of the total market revenue in 2014 and is expected to dominate throughout 2017-2023. The same segment is also projected to grow at the fastest CAGR of 4.7% during the forecast period.

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The research offers an extensive analysis of key players active in the global Agriculture and Forestry Equipment Industry. Detailed analysis on operating business segments, product portfolio, business performance, and key strategic developments is offered in the research. Leading market players analyzed in the report Kobe Steel Ltd., Elgi Equipments Limited, VMAC Global Technology Inc., Mitsubishi Heavy Industries Ltd.,Ingersoll-Rand PLC, Porter Cable, Kirloskar Pneumatic Company Limited, Atlas Copco AB, Suzler Ltd., and Ebara Corporations.

These players have adopted various strategies including expansions, mergers & acquisitions, joint ventures, new product launches, and collaborations to gain a strong position in the industry.

The oil-free segment is expected to grow at a fastest CAGR of 4.77% owing to increase in demand for reducing the cost of operation by eliminating lubrication. Moreover, the medical and power generation end users in the air compressor market is also expected to generate attractive business opportunities during the forecast period (2017-2023).

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

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