Air compressor Market Outlook:
Air compressor Market size was valued at USD 23.81 billion in 2024 and is set to exceed USD 38.42 billion by 2034, expanding at over 4.9% CAGR during the forecast period i.e., between 2025-2034. In the year 2025, the industry size of air compressor is evaluated at USD 24.8 billion.
The market growth is impelled by increase in the construction and industrialization worldwide, as several industries are expected to expand along with may construction projects, and this can lead to high demand for air compressors as for several applications such as powering tools and equipment. As the construction sector holds the largest in the world economy, with about USD 10 trillion spent on construction-related goods and services every year, the growth averaged 1 percent a year over the past two decades as compared with 2.8 percent for the total world economy and 3.6 percent for manufacturing.
Furthermore, oil, mining, and gas industries have frequently demanded the air compressors for heavy tasks such as flushing mediums, aerating mud during underbalanced drilling, and air-pigging pipelines, which generally require high-pressure air to power such instruments and equipment in industries such as automotive, construction, and manufacturing.
