Global Compressor Market for Transport Applications 2017-2021

Global Compressor Market for Transport Applications 2017-2021

About Compressor

Compressors are used to provide either air or gas at very high pressures. The air thus provided is used for transmitting power in various applications like power air tools, pneumatic cylinder actuation, hoists and lifts, transportation medium, fermentation, and combustion. For the transport application, compressors are used in a variety of transit applications, such as main line trains, light rail trains, underground trains, trams, metros, hybrid buses, and electric buses.

Technavio’s analysts forecast the global Compressor Market For Transport Application to grow at a CAGR of 4.11% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global Compressor Market For Transport Application for 2017-2021. The market size is calculated based on the demand for compressors in the transport industry.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Compressor Market For Transport Application 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Atlas Copco,
  • Ingersoll-Rand,
  • Gardner Denver
Other prominent vendors
  • Elgi Equipments
  • Dürr Technik
  • Knorr-Bremse
  • Kirloskar Pneumatic Company
  • Samvardhana Motherson Group
Market driver
  • Expanding railway industry
  • For a full, detailed list, view our report
Market challenge
  • Fluctuating raw material prices
  • For a full, detailed list, view our report
Market trend
  • Emergence of high-speed rail network
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?
  • What are the market opportunities and threats faced by the key vendors?
  • What are the strengths and weaknesses of the key vendors?

Press Release

Technavio Announces the Publication of its Research Report – Global Compressor Market For Transport Application 2017-2021

Technavio recognizes the following companies as the key players in the global compressor market for transport application: Atlas Copco, Ingersoll-Rand, and Gardner Denver.

Other Prominent Vendors in the market are: Elgi Equipments, Dürr Technik, PARKER HANNIFIN CORP, Knorr-Bremse, Kirloskar Pneumatic Company, and Samvardhana Motherson Group.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is emergence of high-speed rail network. The high-speed rail network is gaining growth momentum as they deliver fast and efficient transportation. The increasing need to combat congestion, and save time and money is forcing people to demand for high-speed railways. These rails are also expected to foster economic development of second-tier cities and link it with other cities and integrate the region.”

According to the report, one of the major drivers for this market is Expanding railway industry. Rail systems require compressed air for various purposes. The air compressor along with electric drive motor, control system, and adsorption air system produces compressed air. A large reservoir then holds this compressed air. The compressed air is then used for friction brake system, suspension systems, and brake operations. The railways have seen an increased demand in the recent years which, in turn, will lead to an increased demand for compressors for transport application.

Further, the report states that one of the major factors hindering the growth of this market is fluctuating raw material prices. The main raw materials used in the production of compressors include aluminum, steel, and castings. The cost of these inputs does not remain constant but fluctuate continuously, due to their scarcity and inflationary pressures. Fluctuations in the raw material prices impact the productivity of the vendors regarding the number of units they need to manufacture. When the price increases, vendors have to bear the excess cost of ownership.

Companies Mentioned

Atlas Copco, Ingersoll-Rand, Gardner Denver, Elgi Equipments, Dürr Technik, PARKER HANNIFIN CORP, Knorr-Bremse, Kirloskar Pneumatic Company, and Samvardhana Motherson Group.

PART 01: Executive summary
PART 02: Scope of the report
PART 03: Research Methodology
PART 04: Introduction
Key market highlights
PART 05: Market landscape
Market size and forecast
Five forces analysis
PART 06: Geographical segmentation
Global compressor market for transport application by geography
PART 07: Decision framework
PART 08: Drivers and challenges
Market drivers
Impact of drivers on key customer segments
Market challenges
Impact of challenges on key customer segments
PART 09: Market trends
Emergence of high-speed rail network
Emergence of smart railways
Reduced emission and greater efficiency
PART 10: Vendor landscape
Competitive scenario
Other prominent vendors
PART 11: Key vendor analysis
Atlas Copco
Gardner Denver
PART 12: Appendix
List of abbreviations

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