The Equipment Leasing and Finance Association revealed its top 10 equipment acquisition trends for 2021. According to the ELFA, U.S. businesses, nonprofits and government agencies are expected to spend more than $1.8 trillion in capital goods or fixed business investment (including software) this year and finance a majority of those assets, meaning these trends will impact a significant portion of the U.S. economy.
“Not surprisingly, the effects of the COVID pandemic loom large in the list of trends this year,” Ralph Petta, president and CEO of the ELFA, said. “Despite upheaval throughout the economy, equipment acquisition continues to drive supply chains across all U.S. manufacturing and service sectors. Nearly eight in 10 of U.S. businesses use equipment leasing and financing to acquire the productive assets they need to operate and grow. We are pleased to again provide the top 10 equipment acquisition trends at a time when businesses need to understand the market environment more than ever to make their strategic equipment acquisition plans.”
ELFA distilled recent research data — including the Equipment Leasing & Finance Foundation’s 2021 Equipment Leasing & Finance U.S. Economic Outlook — industry participants’ expertise, and member input from ELFA meetings to compile the trends.
ELFA’s Top 10 Equipment Acquisition Trends for 2021
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