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Washington, DC — What are the hottest equipment markets of 2023? The 33rd annual “What’s Hot/What’s Not: Equipment Market Forecast 2023”
from the Equipment Leasing and Finance Association (ELFA) reveals industry perceptions of 15 equipment markets based on a survey of 130 ELFA members. The survey results point to construction, machine tools, medical, trucks/trailers and hi-tech/computers as the leading sectors for the year ahead, according to portfolio preference.
“What’s Hot/What’s Not: Equipment Market Forecast 2023,” authored by Carl Chrappa of The Alta Group, is designed to assist equipment finance organizations in identifying business opportunities for future success. The results of the 2023 Forecast Survey 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).
2. Machine Tools
3. Tie: Medical, Trucks/Trailers
8. Tie: Aircraft, Containers/Chassis
13. Tie: FF&E, Telecom
Visit the ELFA Knowledge Hub at https://www.elfaonline.org/knowledge-hub/most-popular to access the “What’s Hot/What’s Not” results, including:
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.
ELFA’s Knowledge Hub is the premier source for statistics and analyses concerning the equipment finance sector. Please visit www.elfaonline.org/KnowledgeHub for additional information.