2024 Latin American Air Compressor Rental Market

This analysis unveils a robust resurgence in the Latin American Air Compressor Rental Market, echoing the post-COVID-19 trend observed in North America. Market participants note significant growth in 2021 and 2022, with increases of approximately 15% and 20%, respectively. This upsurge in demand correlates with extended equipment lead times and deferred facility maintenance during the pandemic upheaval. In terms of revenues, the Latin American Air Compressor Rental Market experienced a year-on-year growth of 10% in 2022. However, 2023 saw a gradual slowdown, returning the market to pre-pandemic levels. The market reached $197.8 million in 2023, with a projected growth exceeding $250 million by 2030.

The market dynamics of the Latin American Air Compressor Rental Market continue to undergo significant shifts due to supply chain dynamics. Prolonged lead times for new air compressors and repair parts have spurred increased rental demand, providing advantages to companies with resilient supply chains. However, these dynamics also present challenges for air compressor rental companies by disrupting manufacturing and expansion plans due to heightened lead times and increased costs for new equipment. Other challenges impacting the market include rising pricing, uncertainties in economic and political landscapes, intensifying competition, and the emergence of environmental regulations.

Nevertheless, the Latin American Air Compressor Rental Market is poised for growth, driven by factors such as the benefits of renting equipment, the need for temporary alternatives, urbanization, construction growth, and demand from key sectors like oil & gas.

The Latin American Air Compressor Rental Market report is segmented by equipment type, end user, engine type, horsepower range, and pressure, with primary customers spanning the petrochemical & refining, general manufacturing, pharmaceutical, food & beverages, construction, painting & sandblasting sectors. The construction sector maintains dominance in the air compressor rental market, commanding over 30.0% market share in 2023, closely followed by general manufacturing.

In a country-level analysis, Brazil's air compressor rental market emerges as the largest among Latin American countries, demonstrating growth with an exponential annual increase in machines sold to rental companies, signaling a positive outlook. Mexico, despite a projected lower economic growth of 4.3% in 2024 and 2025, experiences heightened foreign investment in industrial facility construction, contributing to market expansion. Conversely, Argentina faces challenges due to political and economic uncertainty. However, the Argentinean air compressor market anticipates the highest growth among Latin American countries, driven by opportunities in the mining and oil & gas sectors.

Trends in the Latin American Air Compressor Rental Market include escalating rental prices driven by high demand and a highly competitive landscape featuring local businesses, global competitors, multiproduct rental companies, OEMs, and dealers. Research and development efforts focus on enhancing energy efficiency, with smart compressors offering real-time equipment monitoring through connected devices and IoT solutions.

Key companies covered in the Latin American Air Compressor Rental Market report include Atlas Copco Inc., Ingersoll Rand Inc., Arlug Brazil, Sullair Argentina S.A., and KAESER Kompressoren SE. This report provides an in-depth analysis of the overall Latin American Air Compressor Rental Market, capturing various dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.

Report Scope

This study focuses on the Latin American air compressor rental market with geographical coverage of Brazil, Mexico, Argentina, and the rest of Latin America. For purposes of this research, compressed air rental includes oil-free, oil-flooded, and instrument quality (IQ) units.

This report provides an overview of the air compressor rental market in Latin America  and has focused on oil-free diesel, oil-flooded diesel, oil-flooded electric and oil-free electric air compressors. The report is further segmented by class 1 vs class 0, horsepower (HP) range and pressure (psi) range. The report captures the growth drivers, restraints, market trends, technology market landscape, and supplier landscape.

The focal point of the analysis remains rental air compressors in Latin America only and does include any other rental equipment products. The total revenue provided in the study is solely the revenue generated from the rental business and does not include any peripheral costs or supplementary materials costs. The scope of this study does not include sales or refurbishment of this equipment. This study only focuses on equipment rented out to customers for use. The scope of the study encompasses Brazil, Argentina, Mexico and the Rest of Latin America. The base year for the study is 2023 with forecasts to 2030.

This report captures the following information about the Latin American Air Compressor Equipment Rental Market:

• Market Size, Growth Rate, Revenue Forecast (2023-2030)
• Growth Drivers & Restraints
• Market Challenges
• Market Trends
• Technology Trends
• Market Landscape
• Competitive Landscape
• Market Share by Revenue for Competitor, Equipment Type, and End-user 
• Strategic Recommendations and Opportunities
• Quotes by Key Industry Participants

End-User Categories

• Construction: Air compressors in construction power pneumatic tools like nail guns and jackhammers, facilitate tasks such as concrete spraying and sandblasting, and enable efficient material handling through pneumatic conveyors.
• General Manufacturing: In general manufacturing, air compressors drive various pneumatic tools, streamline production processes, and support automation for precise and consistent operations. They play a pivotal role in tasks like assembly, machining, and material handling, ensuring efficient and reliable performance across diverse applications.
• Oil & Gas: In the oil & gas industry, air compressors are crucial for powering pneumatic tools used in drilling, well maintenance, and pipeline construction. Compressed air is employed for pneumatic conveyance, assisting in the transport of materials within the production and refining processes. Additionally, air compressors play a role in providing control air for valves and actuators, contributing to the overall efficiency and safety of operations in the industry.

Companies Featured: Major market participants include: Atlas Copco, Sullair Argentina S.A., Ingersoll Rand, and Kaeser Kompressoren SE. Others include Agul Brasil, Tecturbo, Aircenter, SKRental, Loxam Degraus, and Leroy Merlin, among others.