Many equipment sectors poised for growth amid moderate business investment environment
WASHINGTON — The Equipment Leasing and Finance Association (ELFA), which represents the $1 trillion equipment finance sector, announced its Top 10 Equipment Acquisition Trends for 2016. Given U.S. businesses, nonprofits, and government agencies will spend over $1.6 trillion in capital goods or fixed business investment (including software) this year, financing a majority of those assets, these trends impact a significant portion of the U.S. economy. Businesses will find opportunities for equipment investment as solid market conditions and an improving U.S. economy prevail over global headwinds and potential policy changes.
Ralph Petta, ELFA president and CEO, said, “Equipment acquisition is critical in driving the supply chains across all U.S. manufacturing and service sectors. Equipment leasing and financing provide the source of funding for a majority of U.S. businesses to acquire the productive assets they need to operate and grow. To assist businesses in planning their acquisition strategies, we have distilled recent research data, including the Equipment Leasing & Finance Foundation’s 2016 Equipment Leasing & Finance U.S. Economic Outlook Report, industry participants’ expertise, and member input from ELFA meetings and conferences to provide our best insight for the Top 10 Equipment Acquisition Trends for 2016.”
ELFA forecasts the following Top 10 Equipment Acquisition Trends for 2016: