Advertisement

Knowledge Hub

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:

Transportation
IT & Related Technology Services
Construction
Agricultural
Industrial/Manufacturing

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

Services
Agriculture
Industrial & Manufacturing
Construction
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

StateTaxManual_1280x600

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.