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Air & Gas Compressor Manufacturing - Industry Market Research Report

  • June 2016
  • 37 pages
  • Ibisworld
Report ID: 1169953

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Pressure contained: Broad growth in the US economy will lead to rising domestic demand



Abstract

Air & Gas Compressor Manufacturing

The Air and Gas Compressor Manufacturing industry has performed well over the past five years. Despite the negative impact of the recession, the decline in industry revenue was less severe than in many related manufacturing industries, as the diversity of the industry's major markets obviated dependence on any one group of failing industries. The industry is expected to continue to grow over the five years to 2021, albeit at a slower rate than over the past five years. Given that air and gas compressors are used in a wide array of applications, the anticipated broad growth in the US economy is forecast to lead to rising domestic demand for industry products. Nevertheless, an anticipated slowdown in demand from the oil and gas sector is expected to relatively hinder domestic revenue expansion. Nonetheless, both domestic and foreign demand for industry products are expected to rise in line with domestic and global economic growth.

This industry manufactures air and gas compressors, parts for air and gas compressors and industrial spraying equipment.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.



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