According to a new study, the 2022 Equipment Leasing & Finance Industry Horizon Report released by the Equipment Leasing & Finance Foundation, the size of the equipment finance industry rose to an all-time high of $1.16 trillion in 2021, as nearly 80% of firms that acquired equipment or software used at least one form of financing to do so. Commissioned by the foundation and prepared by Keybridge, the study estimates that about 57% of total public and private sector equipment and software investment was procured via secured loan, lease, or line of credit.
“It is no surprise that the size of the equipment finance industry grew substantially last year given the increase in both the overall amount of equipment and software investment and the propensity to finance,” Nancy Pistorio, foundation chair and president of Madison Capital, said. “The large majority of firms that rely on financing, coupled with the more than $1 trillion in financing volume invested to acquire capital equipment, represents a significant portion of the U.S. economy.”
Highlights from the 2022 Equipment Leasing & Finance Industry Horizon Report include:
The end-user survey cited in the study was conducted electronically from May 16 – June 8, 2022, with 617 respondents that reflect a diverse mix of small, medium and large firms across a range of industries with varying equipment needs, providing a reliable snapshot of overall equipment acquisition trends.
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