ELFA Forecasts Construction & Machine Tools to Lead Equipment Sectors in 2023

The Equipment Leasing and Finance Association released its 33rd annual “What’s Hot/What’s Not: Equipment Market Forecast 2023,” revealing perception within the equipment finance industry of 15 equipment markets based on a survey of 130 ELFA members. The survey results point to construction, machine tools, medical, trucks/trailers and high technology/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).

  1. Construction
  2. Machine Tools
  3. Tie: Medical and Trucks/Trailers
  4. High Technology/Computers
  5. Marine/Intercoastal
  6. Plastics
  7. Tie: Aircraft and Containers/Chassis
  8. Rail
  9. Oil/Gas/Energy
  10. Automobiles
  11. Tie: FF&E and Telecom
  12. Printing

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