ELFA Mobile

Size of the Industry

Overall size: $1.34 trillion

Prevalence:

  • Nearly 8 in 10 U.S. companies (82%) 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, 58%, or $1.34 trillion of that investment, is financed through loans, leases, and other financial instruments.

Source: Equipment Leasing & Finance Foundation - 2024 Equipment Leasing & Finance Industry Horizon Report.

Most-financed equipment types:

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

The top five end-user industries

By 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 56.8%
  • Captives 30.5%
  • Independents 12.7%

By market segment

  • Small-Ticket 25.8%
  • Middle-Ticket 55.6%
  • Large-Ticket 18.6%
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.