Global Construction Equipment Finance Market to Grow at 9.9% CAGR



According to new data from Research and Markets, the global construction equipment finance market will grow at a CAGR of 9.9% from 2016 to 2020.

The new report from Research and Markets was prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. It also includes a discussion of the key vendors operating in this market.

Huge demand for construction equipment is the latest trend in the market. Many investment banks and financing companies are entering into tie-ups with construction equipment vendors so that they can help finance their projects. The leasing and financing options offered by these financing companies help the end-users save taxes.

According to the report, the online receivable financing market has attracted a lot of key market players, competitors and customers. The market operates competitive auctions through a global network of accredited institutional buyers.

Since traditional financing is considered expensive, many industries are opting for online receivable financing platforms to meet their working capital needs on a daily basis. The online receivable financing market operates as a part of asset-based lending solutions while coming into because it is considered a collateral component in business lines of credit.

Further, the report states that shortage of skilled workers in construction activities, such as carpentry, masonry and brick work, is one of the biggest challenges faced by the construction industry.


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