Air Compressor Rental Market in Latin America: Fueling Growth Amid Regional Dynamics and Challenges

Press Release

air compressor rental market latin america

SAN ANTONIO, TX, UNITED STATES, January 9, 2024 – A new analysis by Verify Markets reveals a robust resurgence in the Latin American Air Compressor Rental Market, mirroring the post-COVID-19 trend observed in North America. According to some market participants, 2021 and 2022 marked substantial growth, recording increases of approximately 15.0% and 20.0%, respectively. This surge in demand is linked to extended equipment lead times and deferred facility maintenance during the upheaval caused by the pandemic.

In terms of revenues, the Latin American Air Compressor Rental Market witnessed a year-on-year growth of 10.0% in 2022. However, there has been a gradual slowdown in growth during 2023, bringing the market back to pre-pandemic levels. The market size stood at $197.8 million in 2023, with a projected growth of over $250.0 million by 2030.

As the Latin American Air Compressor Rental Market continues to show significant shifts due to supply chain dynamics. Prolonged lead times for new air compressors and repair parts have stimulated increased demand for rentals, providing advantages to companies with resilient supply chains. However, these dynamics simultaneously 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 increased pricing, uncertainties in economic and political landscapes, intensifying competition, and the emergence of environmental regulations.

Despite these challenges, the Latin American Air Compressor Rental Market is poised for growth, propelled by factors such as the advantages 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 its 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 of the region, Brazil's air compressor rental market is the largest among Latin American countries and showcases growth, with an exponential annual increase in machines being sold to rental companies which signals a positive outlook. Mexico, despite a projected lower economic growth of 4.3% in 2024 and 4.3% in 2025, experiences heightened foreign investment in the construction of industrial facilities, contributing to market expansion. On the other hand, Argentina faces challenges due to political and economic uncertainty. Nonetheless, 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 is focused on enhancing energy efficiency, with smart compressors offering real-time equipment monitoring through connected devices and IoT solutions.

Some of the key companies covered in the Latin American Air Compressor Rental Market include 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 and various market dynamics such as growth drivers, restraints, market revenues and forecasts, technology trends, and a competitive landscape assessment.

A copy of the Latin American Air Compressor Rental Market research report can be obtained at Follow us for more updates on Twitter @verify_markets and LinkedIn. This report is part of Verify Markets’ Energy & Power Equipment market research and consulting practice. Other power rental market reports:

About Verify Markets:

Verify Markets is a global B2B market research and consulting firm. Our project teams are comprised of industry market experts, creative thinkers, business analysts, and independent consultants located around the world. We work with our clients to bring solutions to every project and deliver reliable data and trends based on primary research. Contact us to see how we can help deliver valuable data and insights to your organization.

Our research methodology consists of extensive primary interviews with key participants in the market along with secondary sources to validate our information. For more information on this report and other research (including custom reports and consulting), contact or call +1.210.595.6987.