February 28, 2022
The Equipment Leasing and Finance Association (ELFA) suggests that construction and trucks will be one of the hottest markets for leasing this year.
The 32nd annual “What’s Hot/What’s Not: Equipment Market Forecast 2022” reveals industry perceptions of 15 equipment markets based on a survey of 85 ELFA members. The survey results point to construction and trucks/trailers as the top two sectors for the year ahead.
Authored by Carl Chrappa of The Alta Group, the report is designed to assist equipment finance organizations in identifying business opportunities for future success. The results of the 2022 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).
The report also noted supply chain issues as well as developments and effects of the coronavirus as threats.
“The ‘What’s Hot/What’s Not Equipment Market Forecast’ is consistently among ELFA’s widest read research,” said Ralph Petta, ELFA president/CEO, in a prepared statement. “The results of the 2022 Forecast Survey reveal that equipment managers and equipment finance companies are decidedly more optimistic in their equipment outlooks, which should bode well for the industry this year.”