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: ETC191142 | Publication Date: May 2022 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Air Compressor Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 13.28% in 2028, following an initial rate of 11.30%, before easing to 12.28% at the end of the period.
The Air Compressor market in Vietnam is projected to grow at a high growth rate of 13.09% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
Report Name | Vietnam Air Compressor Market |
Forecast period | 2025-2031 |
CAGR | 6.3% |
Growing Sector | Industrial |
The Vietnam Air Compressor Market report diversely covers the market by Types, Lubrication Method, Product, Applications. The report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers that would help stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Vietnam Air Compressor Market is progressing and is projected to observe consistent growth in the forecast period. The rising demand from various industrial sectors such as manufacturing, construction and automotive is driving the growth in the market.
According to 6Wresearch, the Vietnam Air Compressor Market is anticipated to grow at a CAGR of 6.3% throughout the forecast period. The growth in the market is fueled by various factors such as the increasing investments in infrastructure development projects, rapid industrialization, and the need for energy-efficient air compressors. The rise in the number of manufacturing facilities, construction projects, and automobile production has led to an increase in demand for air compressors for various applications such as powering tools and machinery, pneumatic control systems, and cooling operations. Additionally, government initiatives to boost foreign investment in Vietnam have also contributed to the growth of industrial sectors, further fueling the demand for air compressors.
Despite the growth in the market, the Vietnam Air Compressor Market is facing certain challenges that can hinder its growth in the forecast period. The primary challenge is the high cost of air compressors, which may limit its adoption in small and medium-sized enterprises. Additionally, fluctuations in raw material prices and lack of skilled labour also pose challenges for market growth. Moreover, strict regulations regarding emissions and noise pollution may also pose a challenge for manufacturers to produce efficient and environmentally friendly air compressors.
The primary players in the market include Atlas Copco, Ingersoll Rand, Hitachi Industrial Equipment Systems Co., Ltd., ELGI Equipments Limited, and Kaeser Kompressoren SE. These companies are consistently investing in Research and Development activities to develop innovative products and expand their market reach. Currently, Atlas Copco holds the largest share in the market.
The Vietnamese government has implemented various regulations and policies to promote the growth of industries in the country and encourage foreign investments. These policies have led to an increase in demand for air compressors from various sectors such as manufacturing, construction, and automotive. Additionally, the government has also introduced strict regulations on emissions and noise pollution, which is driving manufacturers to develop energy-efficient and eco-friendly air compressors.
Some key trends shaping the market include:
Key investment opportunities include:
The Vietnam Air Compressor Market has been experiencing significant growth in recent years and is expected to continue its growth trajectory in the coming years driven by factors such as government initiatives, technological advancements, and increasing demand for eco-friendly solutions. Technological advancements and innovations in air compressor technology are expected to further boost market growth by offering more efficient and cost-effective solutions for various industries. Additionally, the increasing demand for portable and oil-free air compressors due to their ease of use and low maintenance requirements will also contribute to market expansion. The integration of Internet of Things (IoT) and artificial intelligence in air compressors is expected to enhance their efficiency and increase their adoption in various industries.
According to Dhaval, Research Manager, 6Wresearch, the stationary air compressor segment holds the dominant share in the market due to its extensive use in various industries such as manufacturing, construction, and food processing.
The Oil-Filled segment holds the dominant share in the market due to its wide application in the industrial sector.
The Rotary/Screw segment holds the dominant share in the market due to its high efficiency and broad application in various industries.
The Industrial application segment holds the dominant share in the market due to the increasing demand for high-quality air supply in manufacturing processes.
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 Vietnam Air Compressor Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Air Compressor Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Air Compressor Market - Industry Life Cycle |
3.4 Vietnam Air Compressor Market - Porter's Five Forces |
3.5 Vietnam Air Compressor Market Revenues & Volume Share, By By Type, 2021 & 2031F |
3.6 Vietnam Air Compressor Market Revenues & Volume Share, By By Product, 2021 & 2031F |
3.7 Vietnam Air Compressor Market Revenues & Volume Share, By By Lubrication, 2021 & 2031F |
3.8 Vietnam Air Compressor Market Revenues & Volume Share, By By Application, 2021 & 2031F |
4 Vietnam Air Compressor Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Air Compressor Market Trends |
6 Vietnam Air Compressor Market, By Types |
6.1 Vietnam Air Compressor Market, By By Type |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Air Compressor Market Revenues & Volume, By By Type, 2021-2031F |
6.1.3 Vietnam Air Compressor Market Revenues & Volume, By Portable, 2021-2031F |
6.1.4 Vietnam Air Compressor Market Revenues & Volume, By Stationary, 2021-2031F |
6.2 Vietnam Air Compressor Market, By By Product |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Air Compressor Market Revenues & Volume, By Reciprocating/Piston, 2021-2031F |
6.2.3 Vietnam Air Compressor Market Revenues & Volume, By Rotary/Screw, 2021-2031F |
6.2.4 Vietnam Air Compressor Market Revenues & Volume, By Centrifugal, 2021-2031F |
6.3 Vietnam Air Compressor Market, By By Lubrication |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Air Compressor Market Revenues & Volume, By Oil-Filled, 2021-2031F |
6.3.3 Vietnam Air Compressor Market Revenues & Volume, By Oil-Free, 2021-2031F |
6.4 Vietnam Air Compressor Market, By By Application |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Air Compressor Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.3 Vietnam Air Compressor Market Revenues & Volume, By Semiconductors & Electronics, 2021-2031F |
6.4.4 Vietnam Air Compressor Market Revenues & Volume, By Food & Beverage, 2021-2031F |
6.4.5 Vietnam Air Compressor Market Revenues & Volume, By Healthcare/Medical, 2021-2031F |
6.4.6 Vietnam Air Compressor Market Revenues & Volume, By Home Appliances, 2021-2031F |
6.4.7 Vietnam Air Compressor Market Revenues & Volume, By Energy, 2021-2031F |
6.4.8 Vietnam Air Compressor Market Revenues & Volume, By Others, 2021-2031F |
6.4.9 Vietnam Air Compressor Market Revenues & Volume, By Others, 2021-2031F |
7 Vietnam Air Compressor Market Import-Export Trade Statistics |
7.1 Vietnam Air Compressor Market Export to Major Countries |
7.2 Vietnam Air Compressor Market Imports from Major Countries |
8 Vietnam Air Compressor Market Key Performance Indicators |
9 Vietnam Air Compressor Market - Opportunity Assessment |
9.1 Vietnam Air Compressor Market Opportunity Assessment, By By Type, 2021 & 2031F |
9.2 Vietnam Air Compressor Market Opportunity Assessment, By By Product, 2021 & 2031F |
9.3 Vietnam Air Compressor Market Opportunity Assessment, By By Lubrication, 2021 & 2031F |
9.4 Vietnam Air Compressor Market Opportunity Assessment, By By Application, 2021 & 2031F |
10 Vietnam Air Compressor Market - Competitive Landscape |
10.1 Vietnam Air Compressor Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Air Compressor Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |