$8.7bn
$XXX.Xm
18,260
241
$X.Xbn
The air and gas compressor manufacturing industry is grappling with escalating import penetration, fueled mainly by competitive pricing from countries like China and Mexico. This trend has led to decreased demand for domestically produced compressors. The widening price differential between domestic and imported compressors, coupled with the industry's struggle with flat industrial production because of the enduring impacts of COVID-19, has put significant pressure on the industry’s performance and revenue streams. Overall, air and gas compressor manufacturers’ revenue is expected to dip sharply at a CAGR of 6.8% through 2024 to reach $8.7 billion, including an expected 2.4% slump in 2024 alone.
Industry revenue has declined at a CAGR of 6.8 % over the past five years, to reach an estimated $8.7bn in 2024.
Market size is projected to decline over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Atlas Copco Ab | 2,579.8 | 572.3 | 22.2 | |
Trane Technologies Plc | 453.3 | 73.5 | 16.2 |
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Industry revenue is measured across several distinct product and services lines, including Air compressors, Industrial and specialty gas compressors and Vacuum pumps. Air compressors is the largest segment of the Air & Gas Compressor Manufacturing in the US.
Demand for air compressors is closely tied to industrial production, with growth in demand typically coinciding with economic growth
This U.S. industry comprises establishments primarily engaged in manufacturing general purpose air and gas compressors, such as reciprocating compressors, centrifugal compressors, vacuum pumps (except laboratory), and nonagricultural spraying and dusting compressors and spray gun units.
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NAICS 33391 - Air & Gas Compressor Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The pandemic severely hindered the industry as several vital markets were forced to shut down. Slow recovery and adverse macroeconomic conditions have stymied revenue potenti...
Learn about an industry's products and services, markets and trends in international trade.
Demand for air and gas compressors depends on the level of new capital investment. Planned and unplanned maintenance expenditures are also major sources of income for manufac...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Texas's prominence in the oil and gas industry creates demand for air and gas compressors. These compressors are used in drilling, refining and petrochemical processing.
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
New companies lock into a specific market or region. Larger companies have engaged in acquisitions to expand their domestic footprint.
Learn about the performance of the top companies in the industry.
Atlas Copco has continued to focus on energy efficiency, energy recovery and the reduction of CO2 emissions. The company has increased the use of renewable energy in its day-...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The manufacturing process can have negative environmental impacts. Manufacturers must make sure that they follow regulations or risk getting fined.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit has plummetted as compressor manufacturers have grappled with high input prices. Steel and oil prices have been particularly volatile in recent years because of precar...
Including values and annual change:
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Key data sources in the US include:
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The market size of the Air & Gas Compressor Manufacturing in the US industry in United States is $8.7bn in 2024.
There are 241 businesses in the Air & Gas Compressor Manufacturing in the US industry in United States, which has declined at a CAGR of 2.1 % between 2019 and 2024.
The market size of the Air & Gas Compressor Manufacturing in the US industry in United States has been declining at a CAGR of 6.8 % between 2019 and 2024.
Over the next five years, the Air & Gas Compressor Manufacturing in the US industry in United States is expected to decline.
The biggest companies operating in the Air & Gas Compressor Manufacturing market in United States are Atlas Copco Ab and Trane Technologies Plc
Air compressors (except air-conditioning, refrigeration) manufacturing and Bicycle pumps manufacturing are part of the Air & Gas Compressor Manufacturing in the US industry.
The company holding the most market share in United States is Atlas Copco Ab.
The level of competition is high and increasing in the Air & Gas Compressor Manufacturing in the US industry in United States.