Industrial pump rental market size is estimated to grow by USD 1,762.13 million between 2022 and 2027; Evolving opportunities with Action International Services LLC, Ashtead Group Plc, among others – Technavio
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NEW YORK, March 15, 2023 /PRNewswire/ — The industrial pump rental market size is forecast to increase by USD 1,762.13 million from 2022 to 2027, at a CAGR of 7.2%, according to the recent market study by Technavio. The market will be driven by the increasing benefits of pump rental services. Pump rental is a cost-effective alternative to owning a piece of equipment, especially for short-term purposes. Factors such as flexible work delivery setup, professional and timely service response, and availability of a wide range of liquid handling systems are the main advantages offered by pump rental service providers. Moreover, large-scale capital investments are being avoided by companies as manufacturing activities in the oil and gas and automotive industries are expected to remain volatile during the forecast period. Additionally, pump rentals provide contractors and operators with cost-effective access to the latest pumping technologies for efficient process management. Such factors will boost market growth during the forecast period. Insight on Market size historic period (2017 to 2021) and forecast period (2023- to 2027) – Download The Sample Report
Segmentation by end-user (Inclusion/Exclusion)
The market is segmented by end-user (industrial, water utility, and construction), type (centrifugal pumps, positive displacement pumps, and others), and geography (APAC, Europe, North America, Middle East and Africa, and South America).
- The market share growth by the industrial segment will be significant during the forecast period. Industries such as food and beverage, pharmaceutical, automotive, electronics and semiconductors, oil and gas, chemical, power and mining are the major end-user industries of this segment. These industries primarily use pump rental services during the construction process to drain and pump large volumes of water to remove excess water and sludge generated during construction. Other uses of rental pumps in the industrial sector depend on specific applications. For example, the oil and gas industry uses rental pumps for drilling mud, mud and water separation, mud mixing and mud storage, fluid management, gas busters, water treatment, and filtration applications. Therefore, such factors drive market growth during the forecast period.
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Industrial pump rental market – Vendor Landscape
Technavio has extensively analyzed 15 major vendors, including Action International Services LLC, Ashtead Group Plc, Barco Pump, Flowserve Corp., Grundfos Holding AS, Holland Pump Co., IPR, KSB SE and Co. KGaA, Mersino, MWI Pumps, Power Zone Equipment Inc., Roper Technologies Inc., Selwood Ltd., Speedy Hire Plc, SPX FLOW Inc., Sulzer Management Ltd., Thompson Pump, Tsurumi Manufacturing Co. Ltd., United Rentals Inc., and Xylem Inc.
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Key Benefits for Industry Players & Stakeholders –
- The report offers information on the criticality of vendor inputs, including R&D, CAPEX, and technology.
- It also provides detailed analyses of the market’s competitive landscape and vendors’ product offerings.
- The report also provides a qualitative and quantitative analysis of vendors to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.
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Customer Landscape – Analysis of Price Sensitivity, Adoption Lifecycle, Customer Purchase Basket, Adoption Rates, and Purchase Criteria by Technavio
- One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage.
- Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
- Furthermore, market adoption rates for all regions have been covered.
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What are the key data covered in this Industrial pump rental market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the industrial pump rental market between 2023 and 2027
- Precise estimation of the size of the industrial pump rental market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the industrial pump rental market industry across APAC, Europe, North America, Middle East and Africa, and South America
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of industrial pump rental market vendors
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Industrial Pump Rental Market Scope |
|
Report Coverage |
Details |
Base year |
2022 |
Historic period |
2017-2021 |
Forecast period |
2023-2027 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.2% |
Market growth 2023-2027 |
USD 1,762.13 million |
Market structure |
Fragmented |
YoY growth 2022-2023 (%) |
6.82 |
Regional analysis |
APAC, Europe, North America, Middle East and Africa, and South America |
Performing market contribution |
APAC at 38% |
Key countries |
US, Canada, Russia, Germany, and Poland |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
Action International Services LLC, Ashtead Group Plc, Barco Pump, Flowserve Corp., Grundfos Holding AS, Holland Pump Co., IPR, KSB SE and Co. KGaA, Mersino, MWI Pumps, Power Zone Equipment Inc., Roper Technologies Inc., Selwood Ltd., Speedy Hire Plc, SPX FLOW Inc., Sulzer Management Ltd., Thompson Pump, Tsurumi Manufacturing Co. Ltd., United Rentals Inc., and Xylem Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents:
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 07: Executive Summary – Chart on Incremental Growth
- Exhibit 08: Executive Summary – Data Table on Incremental Growth
- Exhibit 09: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 10: Parent market
- Exhibit 11: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 12: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 13: Market segments
- 3.3 Market size 2022
- 3.4 Market outlook: Forecast for 2022-2027
- Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ million)
- Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
- Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)
4 Historic Market Size
- 4.1 Global industrial pump rental market 2017 – 2021
- Exhibit 18: Historic Market Size – Data Table on Global industrial pump rental market 2017 – 2021 ($ million)
- 4.2 End-user Segment Analysis 2017 – 2021
- Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ million)
- 4.3 Type Segment Analysis 2017 – 2021
- Exhibit 20: Historic Market Size – Type Segment 2017 – 2021 ($ million)
- 4.4 Geography Segment Analysis 2017 – 2021
- Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ million)
- 4.5 Country Segment Analysis 2017 – 2021
- Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ million)
5 Five Forces Analysis
- 5.1 Five forces summary
- Exhibit 23: Five forces analysis – Comparison between 2022 and 2027
- 5.2 Bargaining power of buyers
- Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
- 5.3 Bargaining power of suppliers
- Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
- 5.4 Threat of new entrants
- Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
- 5.5 Threat of substitutes
- Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
- 5.6 Threat of rivalry
- Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
- 5.7 Market condition
- Exhibit 29: Chart on Market condition – Five forces 2022 and 2027
6 Market Segmentation by End-user
- 6.1 Market segments
- Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
- Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)
- 6.2 Comparison by End-user
- Exhibit 32: Chart on Comparison by End-user
- Exhibit 33: Data Table on Comparison by End-user
- 6.3 Industrial – Market size and forecast 2022-2027
- Exhibit 34: Chart on Industrial – Market size and forecast 2022-2027 ($ million)
- Exhibit 35: Data Table on Industrial – Market size and forecast 2022-2027 ($ million)
- Exhibit 36: Chart on Industrial – Year-over-year growth 2022-2027 (%)
- Exhibit 37: Data Table on Industrial – Year-over-year growth 2022-2027 (%)
- 6.4 Water utility – Market size and forecast 2022-2027
- Exhibit 38: Chart on Water utility – Market size and forecast 2022-2027 ($ million)
- Exhibit 39: Data Table on Water utility – Market size and forecast 2022-2027 ($ million)
- Exhibit 40: Chart on Water utility – Year-over-year growth 2022-2027 (%)
- Exhibit 41: Data Table on Water utility – Year-over-year growth 2022-2027 (%)
- 6.5 Construction – Market size and forecast 2022-2027
- Exhibit 42: Chart on Construction – Market size and forecast 2022-2027 ($ million)
- Exhibit 43: Data Table on Construction – Market size and forecast 2022-2027 ($ million)
- Exhibit 44: Chart on Construction – Year-over-year growth 2022-2027 (%)
- Exhibit 45: Data Table on Construction – Year-over-year growth 2022-2027 (%)
- 6.6 Market opportunity by End-user
- Exhibit 46: Market opportunity by End-user ($ million)
7 Market Segmentation by Type
- 7.1 Market segments
- Exhibit 47: Chart on Type – Market share 2022-2027 (%)
- Exhibit 48: Data Table on Type – Market share 2022-2027 (%)
- 7.2 Comparison by Type
- Exhibit 49: Chart on Comparison by Type
- Exhibit 50: Data Table on Comparison by Type
- 7.3 Centrifugal pumps – Market size and forecast 2022-2027
- Exhibit 51: Chart on Centrifugal pumps – Market size and forecast 2022-2027 ($ million)
- Exhibit 52: Data Table on Centrifugal pumps – Market size and forecast 2022-2027 ($ million)
- Exhibit 53: Chart on Centrifugal pumps – Year-over-year growth 2022-2027 (%)
- Exhibit 54: Data Table on Centrifugal pumps – Year-over-year growth 2022-2027 (%)
- 7.4 Positive displacement pumps – Market size and forecast 2022-2027
- Exhibit 55: Chart on Positive displacement pumps – Market size and forecast 2022-2027 ($ million)
- Exhibit 56: Data Table on Positive displacement pumps – Market size and forecast 2022-2027 ($ million)
- Exhibit 57: Chart on Positive displacement pumps – Year-over-year growth 2022-2027 (%)
- Exhibit 58: Data Table on Positive displacement pumps – Year-over-year growth 2022-2027 (%)
- 7.5 Others – Market size and forecast 2022-2027
- Exhibit 59: Chart on Others – Market size and forecast 2022-2027 ($ million)
- Exhibit 60: Data Table on Others – Market size and forecast 2022-2027 ($ million)
- Exhibit 61: Chart on Others – Year-over-year growth 2022-2027 (%)
- Exhibit 62: Data Table on Others – Year-over-year growth 2022-2027 (%)
- 7.6 Market opportunity by Type
- Exhibit 63: Market opportunity by Type ($ million)
8 Customer Landscape
- 8.1 Customer landscape overview
- Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
9 Geographic Landscape
- 9.1 Geographic segmentation
- Exhibit 65: Chart on Market share by geography 2022-2027 (%)
- Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
- 9.2 Geographic comparison
- Exhibit 67: Chart on Geographic comparison
- Exhibit 68: Data Table on Geographic comparison
- 9.3 APAC – Market size and forecast 2022-2027
- Exhibit 69: Chart on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 70: Data Table on APAC – Market size and forecast 2022-2027 ($ million)
- Exhibit 71: Chart on APAC – Year-over-year growth 2022-2027 (%)
- Exhibit 72: Data Table on APAC – Year-over-year growth 2022-2027 (%)
- 9.4 Europe – Market size and forecast 2022-2027
- Exhibit 73: Chart on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 74: Data Table on Europe – Market size and forecast 2022-2027 ($ million)
- Exhibit 75: Chart on Europe – Year-over-year growth 2022-2027 (%)
- Exhibit 76: Data Table on Europe – Year-over-year growth 2022-2027 (%)
- 9.5 North America – Market size and forecast 2022-2027
- Exhibit 77: Chart on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 78: Data Table on North America – Market size and forecast 2022-2027 ($ million)
- Exhibit 79: Chart on North America – Year-over-year growth 2022-2027 (%)
- Exhibit 80: Data Table on North America – Year-over-year growth 2022-2027 (%)
- 9.6 Middle East and Africa – Market size and forecast 2022-2027
- Exhibit 81: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 82: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ million)
- Exhibit 83: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- Exhibit 84: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)
- 9.7 South America – Market size and forecast 2022-2027
- Exhibit 85: Chart on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 86: Data Table on South America – Market size and forecast 2022-2027 ($ million)
- Exhibit 87: Chart on South America – Year-over-year growth 2022-2027 (%)
- Exhibit 88: Data Table on South America – Year-over-year growth 2022-2027 (%)
- 9.8 Russia – Market size and forecast 2022-2027
- Exhibit 89: Chart on Russia – Market size and forecast 2022-2027 ($ million)
- Exhibit 90: Data Table on Russia – Market size and forecast 2022-2027 ($ million)
- Exhibit 91: Chart on Russia – Year-over-year growth 2022-2027 (%)
- Exhibit 92: Data Table on Russia – Year-over-year growth 2022-2027 (%)
- 9.9 Germany – Market size and forecast 2022-2027
- Exhibit 93: Chart on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 94: Data Table on Germany – Market size and forecast 2022-2027 ($ million)
- Exhibit 95: Chart on Germany – Year-over-year growth 2022-2027 (%)
- Exhibit 96: Data Table on Germany – Year-over-year growth 2022-2027 (%)
- 9.10 US – Market size and forecast 2022-2027
- Exhibit 97: Chart on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 98: Data Table on US – Market size and forecast 2022-2027 ($ million)
- Exhibit 99: Chart on US – Year-over-year growth 2022-2027 (%)
- Exhibit 100: Data Table on US – Year-over-year growth 2022-2027 (%)
- 9.11 Poland – Market size and forecast 2022-2027
- Exhibit 101: Chart on Poland – Market size and forecast 2022-2027 ($ million)
- Exhibit 102: Data Table on Poland – Market size and forecast 2022-2027 ($ million)
- Exhibit 103: Chart on Poland – Year-over-year growth 2022-2027 (%)
- Exhibit 104: Data Table on Poland – Year-over-year growth 2022-2027 (%)
- 9.12 Canada – Market size and forecast 2022-2027
- Exhibit 105: Chart on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 106: Data Table on Canada – Market size and forecast 2022-2027 ($ million)
- Exhibit 107: Chart on Canada – Year-over-year growth 2022-2027 (%)
- Exhibit 108: Data Table on Canada – Year-over-year growth 2022-2027 (%)
- 9.13 Market opportunity by geography
- Exhibit 109: Market opportunity by geography ($ million)
10 Drivers, Challenges, and Trends
- 10.1 Market drivers
- 10.2 Market challenges
- 10.3 Impact of drivers and challenges
- Exhibit 110: Impact of drivers and challenges in 2022 and 2027
- 10.4 Market trends
11 Vendor Landscape
- 11.1 Overview
- 11.2 Vendor landscape
- Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
- 11.3 Landscape disruption
- Exhibit 112: Overview on factors of disruption
- 11.4 Industry risks
- Exhibit 113: Impact of key risks on business
12 Vendor Analysis
- 12.1 Vendors covered
- Exhibit 114: Vendors covered
- 12.2 Market positioning of vendors
- Exhibit 115: Matrix on vendor position and classification
- 12.3 Action International Services LLC
- Exhibit 116: Action International Services LLC – Overview
- Exhibit 117: Action International Services LLC – Product / Service
- Exhibit 118: Action International Services LLC – Key offerings
- 12.4 Ashtead Group Plc
- Exhibit 119: Ashtead Group Plc – Overview
- Exhibit 120: Ashtead Group Plc – Business segments
- Exhibit 121: Ashtead Group Plc – Key offerings
- Exhibit 122: Ashtead Group Plc – Segment focus
- 12.5 Barco Pump
- Exhibit 123: Barco Pump – Overview
- Exhibit 124: Barco Pump – Product / Service
- Exhibit 125: Barco Pump – Key offerings
- 12.6 Holland Pump Co.
- Exhibit 126: Holland Pump Co. – Overview
- Exhibit 127: Holland Pump Co. – Product / Service
- Exhibit 128: Holland Pump Co. – Key news
- Exhibit 129: Holland Pump Co. – Key offerings
- 12.7 IPR
- Exhibit 130: IPR – Overview
- Exhibit 131: IPR – Product / Service
- Exhibit 132: IPR – Key offerings
- 12.8 KSB SE and Co. KGaA
- Exhibit 133: KSB SE and Co. KGaA – Overview
- Exhibit 134: KSB SE and Co. KGaA – Business segments
- Exhibit 135: KSB SE and Co. KGaA – Key offerings
- Exhibit 136: KSB SE and Co. KGaA – Segment focus
- 12.9 Mersino
- Exhibit 137: Mersino – Overview
- Exhibit 138: Mersino – Product / Service
- Exhibit 139: Mersino – Key offerings
- 12.10 MWI Pumps
- Exhibit 140: MWI Pumps – Overview
- Exhibit 141: MWI Pumps – Product / Service
- Exhibit 142: MWI Pumps – Key news
- Exhibit 143: MWI Pumps – Key offerings
- 12.11 Power Zone Equipment Inc.
- Exhibit 144: Power Zone Equipment Inc. – Overview
- Exhibit 145: Power Zone Equipment Inc. – Product / Service
- Exhibit 146: Power Zone Equipment Inc. – Key offerings
- 12.12 Roper Technologies Inc.
- Exhibit 147: Roper Technologies Inc. – Overview
- Exhibit 148: Roper Technologies Inc. – Business segments
- Exhibit 149: Roper Technologies Inc. – Key offerings
- Exhibit 150: Roper Technologies Inc. – Segment focus
- 12.13 Selwood Ltd.
- Exhibit 151: Selwood Ltd. – Overview
- Exhibit 152: Selwood Ltd. – Product / Service
- Exhibit 153: Selwood Ltd. – Key offerings
- 12.14 Thompson Pump
- Exhibit 154: Thompson Pump – Overview
- Exhibit 155: Thompson Pump – Product / Service
- Exhibit 156: Thompson Pump – Key offerings
- 12.15 Tsurumi Manufacturing Co. Ltd.
- Exhibit 157: Tsurumi Manufacturing Co. Ltd. – Overview
- Exhibit 158: Tsurumi Manufacturing Co. Ltd. – Product / Service
- Exhibit 159: Tsurumi Manufacturing Co. Ltd. – Key offerings
- 12.16 United Rentals Inc.
- Exhibit 160: United Rentals Inc. – Overview
- Exhibit 161: United Rentals Inc. – Business segments
- Exhibit 162: United Rentals Inc. – Key news
- Exhibit 163: United Rentals Inc. – Key offerings
- Exhibit 164: United Rentals Inc. – Segment focus
- 12.17 Xylem Inc.
- Exhibit 165: Xylem Inc. – Overview
- Exhibit 166: Xylem Inc. – Business segments
- Exhibit 167: Xylem Inc. – Key offerings
- Exhibit 168: Xylem Inc. – Segment focus
13 Appendix
- 13.1 Scope of the report
- 13.2 Inclusions and exclusions checklist
- Exhibit 169: Inclusions checklist
- Exhibit 170: Exclusions checklist
- 13.3 Currency conversion rates for US$
- Exhibit 171: Currency conversion rates for US$
- 13.4 Research methodology
- Exhibit 172: Research methodology
- Exhibit 173: Validation techniques employed for market sizing
- Exhibit 174: Information sources
- 13.5 List of abbreviations
- Exhibit 175: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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