ELFA - Equipment Leasing and Finance Association - Equipping Business for Success

Size of the Industry

Overall size: $1.16 trillion

Prevalence:

  • Nearly 8 in 10 U.S. companies (79.3%) use some form of financing when acquiring equipment, including loans, leases, and lines of credit (excluding credit cards).
  • Of the $2 trillion that American businesses, nonprofits, and government agencies invest in capital goods and software each year, 57.3%, or $1.16 trillion of that investment, is financed through loans, leases, and other financial instruments.

Most-financed equipment types:

  1. Transportation
  2. IT & Related Technology Services
  3. Construction
  4. Agricultural
  5. Industrial/Manufacturing

The top five end-user industries representing the largest share of new business volume:

  1. Services
  2. Agriculture
  3. Industrial & Manufacturing
  4. Construction
  5. Transportation

New business volume by type of organization

  • Banks 62.8%
  • Captives 31.2%
  • Independents 6.0%

New business volume by market segment:

  • Small-Ticket 38.9%
  • Middle-Ticket 47.1%
  • Large-Ticket 14.0%
Market Trends

By sector: 

Discover equipment finance statistics and facts for 10 equipment sectors, including:

  • Agriculture
  • Aircraft
  • Construction
  • Industrial and Manufacturing
  • IT / Computer
  • Medical Equipment
  • Office Machines
  • Oil & Gas Industry
  • Railroad Industry
  • Trucking
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By state:

View the economic impact of the equipment finance industry in each state in our interactive map and state fact sheets. Access total business volume, percent change year-over-year and state rankings.