The global automotive air compressor accessories market is anticipated to grow at a CAGR of 5.5% during the forecast period (2022-2028).It is a mechanical device that is used for pressurizing the air by compression. The air compressor converts the kinetic and potential energy into pneumatic energy. The major factor expected to drive the market growth is the increasing consumption of air compressors in the automotive industry, and the increasing consumption of air compressors in the automotive service stations for a different types of automotive maintenance works which can also be considered as a plus side for the global automotive air compressor accessories market. Furthermore, there are industrial work safety standards, which define the safety standards for operating air compressor. Additionally, by region, Asia Pacific is expected to grow at a significant rate in the market owing to the continuous government investments in infrastructure development and rapid industrialization coupled with the rising demand for air compressors for various applications.
A full report of Global Automotive Air Compressor Accessories Market is available at:https://orionmarketreports.com/global-automotive-air-compressor-accessories-market/107156/
Some major players in the market include John Deere Group, Atlas Copco AB, and Elgi Equipments Ltd., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in June 2021, Atlas Copco Compressors, a part of Atlas Copco AB announced that the company acquired Compressed Air Systems, Inc. a compressor, associated equipment, and quality air systems distributor. The company added that North Carolina, South Carolina, and Virginia are areas with great growth potential, and the acquisition will enable to reach goal to get closer to customers.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Sales Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape-John Deere Group, Atlas Copco AB, and Elgi Equipments Ltd., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Automotive Air Compressor Accessories Market Report by Segment
By Type
- Pressure Gauges
- Hose Pipes
- Hose Reels
- Air Filters
- Pressure Relief Valves
- Fittings
- In-line Lubricators
- Others (Valve Cores, Nozzles)
By Sales Channel
- Original Equipment Manufacturers (OEMs)
- Aftermarket
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