Northern America: Tow-Behind Air Compressor Market 2024

Tow-Behind Air Compressor Market Size in Northern America

In 2022, the North American tow-behind air compressor market increased by 36% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Tow-Behind Air Compressor Production in Northern America

In value terms, tow-behind air compressor production soared to $X in 2022 estimated in export price. Over the period under review, production saw a resilient expansion. The pace of growth appeared the most rapid in 2020 when the production volume increased by 537% against the previous year. Over the period under review, production hit record highs at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Tow-Behind Air Compressor Exports

Exports in Northern America

In 2022, after two years of decline, there was significant growth in overseas shipments of air compressors mounted on a wheeled chassis for towing, when their volume increased by 258% to X units. Overall, exports, however, recorded a perceptible setback. The volume of export peaked at X units in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, tow-behind air compressor exports surged to $X in 2022. Over the period under review, exports, however, saw a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 46% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Canada dominates exports structure, finishing at X units, which was near 92% of total exports in 2022. It was distantly followed by the United States (X units), making up an 8.1% share of total exports.

Canada was also the fastest-growing in terms of the air compressors mounted on a wheeled chassis for towing exports, with a CAGR of -1.7% from 2012 to 2022. The United States (-8.4%) illustrated a downward trend over the same period. While the share of Canada (+7.1 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United States (-7.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest tow-behind air compressor supplier in Northern America, comprising 95% of total exports. The second position in the ranking was taken by Canada ($X), with a 5.1% share of total exports.

In the United States, tow-behind air compressor exports plunged by an average annual rate of -7.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Northern America amounted to $X per unit, declining by -67.5% against the previous year. Over the period under review, the export price showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when the export price increased by 100% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2021, and then declined rapidly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per unit), while Canada amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+0.8%).

Tow-Behind Air Compressor Imports

Imports in Northern America

In 2022, purchases abroad of air compressors mounted on a wheeled chassis for towing increased by 23% to X units for the first time since 2018, thus ending a three-year declining trend. Over the period under review, imports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 136%. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, tow-behind air compressor imports skyrocketed to $X in 2022. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 79% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, reaching X units, which was near 95% of total imports in 2022. It was distantly followed by Canada (X units), mixing up a 5.2% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to tow-behind air compressor imports into the United States stood at -7.0%. At the same time, Canada (+4.3%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +4.3% from 2012-2022. Canada (+3.5 p.p.) significantly strengthened its position in terms of the total imports, while the United States saw its share reduced by -3.6% from 2012 to 2022, respectively.

In value terms, the largest tow-behind air compressor importing markets in Northern America were Canada ($X) and the United States ($X).

Canada, with a CAGR of +0.8%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per unit, rising by 20% against the previous year. Over the period under review, the import price recorded a resilient increase. The growth pace was the most rapid in 2020 an increase of 61%. The level of import peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.5%).

Source: IndexBox Platform

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