Washington, DC, March 12, 2024 — What are the hottest equipment markets of 2024? The 34th annual “What’s Hot/What’s Not: Equipment Market Forecast 2024” from the Equipment Leasing and Finance Association (ELFA) reveals industry perceptions of 15 equipment markets based on a survey of ELFA members. The survey results point to construction, machine tools, medical, technology and marine/intercoastal as the leading sectors for the year ahead, according to portfolio preference.
The “What’s Hot/What’s Not” report is designed to assist equipment finance organizations in identifying business opportunities for future success. Authors Carl Chrappa and Gregory Chrappa of The Alta Group presented the results yesterday at the ELFA Equipment Management Conference in New Orleans. The results reveal the following overall ranking of equipment types for portfolio preference among ELFA members. These rankings are based on the amount of future financing volume (unweighted) and the best and least favorable future equipment financing opportunities (weighted).
1. Construction
2. Machine Tools
3. Medical
4. Hi-tech/Computers
5. Marine/Intercoastal
6. Rail
7. Aircraft
8. Tie: Oil/Gas/Energy, Plastics
10. Containers/Chassis
11. Automobiles
12. Tie: Telecom, Trucks/Trailers
14. FF&E
15. Printing
The report findings indicate that for the second consecutive year, equipment managers and equipment finance companies have become less optimistic about almost all types of equipment, a reflection of the expected effects of rising interest rates, increased regulations, and a slowing economy.
Access the Results
Visit the ELFA Knowledge Hub at www.elfaonline.org/knowledge-hub/most-popular to access the “What’s Hot/What’s Not” results, including:
- The full report, including an analysis of the rankings
- An infographic with key takeaways from the report
About ELFA
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 580 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. ELFA has been equipping business for success for more than 60 years. For more information, please visit www.elfaonline.org.
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ELFA’s Knowledge Hub is the premier source for statistics and analyses concerning the equipment finance sector. Please visit www.elfaonline.org/knowledge-hub/knowledge-hub-home for additional information.
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