Air compressors have long been a feature of the automotive production process. So it’s no surprise to find that the market for air compressor accessories such as hose reels, pressure gauges and air filters is buoyant. What is new is where demand is coming from.
New market research reveals that although Western Europe is the second largest air compressor accessories market, the real growth is coming from those just ahead and behind of Europe in the rankings.
In China and India – the so-called APEJ market that currently sits top of the global trends – rapid industrialisation has driven the automotive market. It’s a similar story in Latin America, where major manufacturers see opportunities for big expansion.
If there’s a lesson for Europe’s automotive air compressor suppliers (of whom Algar Air is one) it’s that no market can be relied on to maintain its position in the global hierarchy. Growth means exploring opportunities for international trade, and diversification into other air compressor-dependent sectors – something we’ve long been pursuing.
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