Portable Air Compressor Market size is anticipated to witness more than 7.6% CAGR from 2023 to 2032, due to the rapid rate of automotive production.
The significantly expanding middle-class and youth population along with the higher consumer household incomes are driving the sales of automotive worldwide. According to the European Automobile Manufacturers' Association, around 85.4 million motor vehicles were manufactured across the world in 2022. Portable air compressors have grown largely popular as handy tools in automotive applications as they offer convenient solutions for powering pneumatic tools, inflating tires, and addressing several air-related tasks. Rising adoption in automotive repair and maintenance tasks, including the removal of tires, loosening of stubborn bolts will also anchor the market growth.
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The rising popularity of variable-speed systems across a gamut of end-user industries will stimulate the industry expansion. Moreover, the higher costs associated with initial setup cost and maintenance may limit the product demand to some degree. Portable air compressors, like any mechanical equipment, need regular maintenance for ensuring optimal performance and longevity. The addition of compact and durable components, including lightweight tanks, smaller motors, and sturdy frame, also leads to higher manufacturing costs, contributing to restrained market growth.
|Forecast Period:||2023 to 2032|
|Forecast Period 2023 to 2032 CAGR:||7.6%|
|Historical Data for:||2018 to 2022|
|No. of Pages:||285|
|Tables, Charts & Figures:||513|
|Segments covered:||Technology, Lubrication, Application and Region|
|Pitfalls & Challenges:|
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The COVID-19 pandemic had negative impact on the portable air compressor industry owing to the rising manufacturing disruptions worldwide. In order to curb the spread of the virus, several countries implemented lockdown measures as well as restrictions on businesses, making way for temporary closures and reduced production capacities for manufacturing facilities. However, the higher need for additional air compressors in medical facilities and healthcare providers to support ventilators during the treatment of COVID-19 patients influenced the market growth.
Extensive adoption of electric appliances worldwide will drive the market expansion. Air compressors are extensively adopted for cleaning purposes. These include blowing away the dust and debris from hard-to-reach areas and cleaning delicate electronic equipment. They are also utilized to clean computer keyboards, car interiors, and other items that need quick and thorough dusting. Hence, the rising need to power a wide variety of electrical and electronic devices will boost the industry trends.
With regards to technology, the portable air compressor market from the rotary screw segment is set to generate substantial revenue by 2032. This growth can be attributed to the rising usage of energy-efficient and high-power air compressors. Majority of portable rotary screw compressors are also available in oil-injected form in comparison to oil-free models on account of their higher costs and preference for renting oil-free air compressors in various countries.
With respect to lubrication, the demand for oil-filled portable air compressors is estimated to register over 7.5% CAGR from 2023 to 2032 led by rising utilization in rough applications, such as construction, mining & quarrying, and industrial sectors. Oil-filled portable air compressors are widely used in automotive repair & maintenance tasks for powering pneumatic wrenches and ratchets as well as inflating tires and blowing out debris from radiators and filters. The surging need for improved lubrication and smoother operation will also augment the market development.
Based on application, the portable air compressor market size from the semiconductor & electronics segment is expected to record notable CAGR from 2023 to 2032. This growth can be credited to the rising adoption of portable air compressors for powering pneumatic tools used in semiconductor and electronics manufacturing processes. Some of them include impact wrenches, air-driven screwdrivers, drills, grinders, and sanders deployed in assembly, repair, and maintenance tasks. Increasing penetration in component testing and quality control processes will also play a key role in the segment expansion.
Asia Pacific portable air compressor market is likely to capture more than 50% of the revenue share by 2032 propelled by the significant surge in the number of construction and infrastructure projects, mainly in China and India. The presence of thriving automotive industry and major automobile manufacturers has spurred the adoption of portable air compressors in various automotive applications, such as, tire inflation, air tool operation, and spray painting. The increasing industrial output of the food & beverages, electronics, and medical industries will also contribute to the regional market expansion.
Some of the prominent participants in the portable air compressor market include:
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Market, by Technology
Market, by Lubrication
Market, by Application
The above information has been provided on a regional and country basis for the following: