Given U.S. businesses, nonprofits and government agencies will spend nearly $1.5 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 presented by a steadily improving economy and favorable credit conditions as they make their decisions for equipment replacement and expansion.
ELFA President and CEO William G. Sutton, CAE, said, "Equipment financing is a critical source of funding for a majority of U.S. businesses, allowing them to acquire the equipment they need to operate and grow. It enables equipment acquisition, which plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors. To assist businesses in planning their acquisition strategies, we have distilled recent research data, including the Equipment Leasing & Finance Foundation's 2015 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 2015."
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Favorable Economic and Financing Conditions Will Drive Replacement and Expansion Spending
The Equipment Leasing and Finance Association (ELFA) which represents the $903 billion equipment finance sector, today revealed its Top 10 Equipment Acquisition Trends for 2015.