Market Forecast By Type (Portable, Stationary), By Product (Reciprocating/Piston, Rotary/Screw, Centrifugal), By Lubrication (Oil-Filled, Oil-Free), By Application (Manufacturing, Semiconductors & Electronics, Food & Beverage, Healthcare/Medical, Home Appliances, Energy, Oil & Gas, Others) And Competitive Landscape
Product Code: ETC191136 | Publication Date: Aug 2023 | Updated Date: Feb 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
India Air Compressor Market registered a growth of 27.79% in value shipments in 2022 as compared to 2021 and an increase of 3.26% CAGR in 2022 over a period of 2017. In Air Compressor Market India is becoming less competitive as HHI index in 2022 was 3255 while in 2017 it was 2563. Herfindahl Index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means less numbers of players or countries exporting in the market. India has reportedly relied more on imports to meet its growing demand in Air Compressor Market.
India Air compressor Market is forecast to grow at a progressive rate in the upcoming years. In general, air compressors are widely used in various industries such as construction, power, automotive, food & beverage, electronics, and manufacturing. In India, the demand for air compressors is cumulative due to the growing industrial sector and on the other hand, the automotive industry is the major consumer of air compressors in India which further augmenting the Air Compressor Market Size in India. Air compressors are used in automotive applications such as painting and powertrain assembly. Air compressors are used in food & beverage applications such as canning, bottling, and packaging. Additionally, the construction industry and electronics industry are another major consumer of air compressors in India. The India Air Compressor Market is anticipated to grow rapidly owing to the factors such as the growing demand for portable air compressors and increasing investment in the construction industry.
According to 6Wresearch, India Air Compressor Market is expected to grow during 2022-2028. Air compressors are widely used in various industries such as automotive, food & beverages, construction, and manufacturing. The major factors driving the growth of the market include the growing demand for compressed air in various end-use industries and the increasing need for energy-efficient compressors. The manufacturing sector is the largest end-use industry for India Air Compressor Market which is a part of Asia Pacific Air Compressor Market and is projected to grow at remarkable rate during the forecast period on the back of increasing investment in the chemical, automotive, and metal & mining industries. Moreover, the government's initiatives to promote industrialization are also expected to fuel the market growth over the forecast period. However, the high initial cost, maintenance cost, and increasing operational cost of air compressors are some of the major factors restraining the India Air Compressor Market growth. In addition, lack of skilled labor and power outages are other challenges faced by manufacturers operating in this market.
The pandemic has led to a decrease in demand for Air Compressor Market in India due to the slowdown of industrial activity and manufacturing units. Additionally, the implementation of lockdown measures across the country has disrupted the supply chain of air compressors leading to shortages and increasing prices. However, the market is expected to recover in the coming years as the Indian economy begins to rebound from the pandemic.
On the basis of Type, the Stationary segment is account to hold the major share of Air Compressor Industry in India due to their wide utilization in various manufacturing industries such as automotives, oil and gas, food and beverage, and machinery. Stationary are the rich sources of power and are specially designed to store greater quality of air.
By Application, the market is categorized into Manufacturing, Home Appliances, Semiconductors & Electronics, Food & Beverage, Healthcare/Medical, Energy, Oil & Gas, and Others. Among these, Healthcare has been the major application segment which is accounted to lead the India Air Compressor Market share during the forecast period.
The India Air Compressor Market is highly competitive with a large number of regional and international players. These companies hold a significant share in the market due to their wide distribution network, strong brand equity, and wide product range. The market is further fragmented by the presence of a large number of unorganized players in the country.
The report offers a comprehensive study of the subsequent market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Air Compressor Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Air Compressor Market Revenues & Volume, 2021 & 2028F |
3.3 India Air Compressor Market - Industry Life Cycle |
3.4 India Air Compressor Market - Porter's Five Forces |
3.5 India Air Compressor Market Revenues & Volume Share, By By Type, 2021 & 2028F |
3.6 India Air Compressor Market Revenues & Volume Share, By By Product, 2021 & 2028F |
3.7 India Air Compressor Market Revenues & Volume Share, By By Lubrication, 2021 & 2028F |
3.8 India Air Compressor Market Revenues & Volume Share, By By Application, 2021 & 2028F |
4 India Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Air Compressor Market Trends |
6 India Air Compressor Market, By Types |
6.1 India Air Compressor Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 India Air Compressor Market Revenues & Volume, By By Type, 2018 - 2028F |
6.1.3 India Air Compressor Market Revenues & Volume, By Portable, 2018 - 2028F |
6.1.4 India Air Compressor Market Revenues & Volume, By Stationary, 2018 - 2028F |
6.2 India Air Compressor Market, By By Product |
6.2.1 Overview and Analysis |
6.2.2 India Air Compressor Market Revenues & Volume, By Reciprocating/Piston, 2018 - 2028F |
6.2.3 India Air Compressor Market Revenues & Volume, By Rotary/Screw, 2018 - 2028F |
6.2.4 India Air Compressor Market Revenues & Volume, By Centrifugal, 2018 - 2028F |
6.3 India Air Compressor Market, By By Lubrication |
6.3.1 Overview and Analysis |
6.3.2 India Air Compressor Market Revenues & Volume, By Oil-Filled, 2018 - 2028F |
6.3.3 India Air Compressor Market Revenues & Volume, By Oil-Free, 2018 - 2028F |
6.4 India Air Compressor Market, By By Application |
6.4.1 Overview and Analysis |
6.4.2 India Air Compressor Market Revenues & Volume, By Manufacturing, 2018 - 2028F |
6.4.3 India Air Compressor Market Revenues & Volume, By Semiconductors & Electronics, 2018 - 2028F |
6.4.4 India Air Compressor Market Revenues & Volume, By Food & Beverage, 2018 - 2028F |
6.4.5 India Air Compressor Market Revenues & Volume, By Healthcare/Medical, 2018 - 2028F |
6.4.6 India Air Compressor Market Revenues & Volume, By Home Appliances, 2018 - 2028F |
6.4.7 India Air Compressor Market Revenues & Volume, By Energy, 2018 - 2028F |
6.4.8 India Air Compressor Market Revenues & Volume, By Others, 2018 - 2028F |
6.4.9 India Air Compressor Market Revenues & Volume, By Others, 2018 - 2028F |
7 India Air Compressor Market Import-Export Trade Statistics |
7.1 India Air Compressor Market Export to Major Countries |
7.2 India Air Compressor Market Imports from Major Countries |
8 India Air Compressor Market Key Performance Indicators |
9 India Air Compressor Market - Opportunity Assessment |
9.1 India Air Compressor Market Opportunity Assessment, By By Type, 2021 & 2028F |
9.2 India Air Compressor Market Opportunity Assessment, By By Product, 2021 & 2028F |
9.3 India Air Compressor Market Opportunity Assessment, By By Lubrication, 2021 & 2028F |
9.4 India Air Compressor Market Opportunity Assessment, By By Application, 2021 & 2028F |
10 India Air Compressor Market - Competitive Landscape |
10.1 India Air Compressor Market Revenue Share, By Companies, 2021 |
10.2 India Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |