The Equipment Leasing and Finance Association (ELFA) which represents the nearly $1 trillion equipment finance sector, is pleased to present its Top 10 Equipment Acquisition Trends for 2022. Real private investment by U.S. businesses in equipment and software is forecast to be almost $2 trillion in 2022, with a substantial amount of that investment activity financed, so these trends impact a significant portion of the U.S. economy.
ELFA President and CEO Ralph Petta said, “The pandemic is the underlying theme throughout the trends this year as 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 provide the Top 10 Equipment Acquisition Trends to help businesses make their strategic equipment acquisition plans, especially since there are significant opportunities for businesses to benefit from expected economic growth this year.”
ELFA distilled recent research and data, including the Equipment Leasing & Finance Foundation’s 2022 Equipment Leasing & Finance U.S. Economic Outlook, industry participants’ expertise and member input from ELFA meetings in compiling the trends.
- U.S. economy will have solid growth in 2022
- Equipment shortages will continue due to supply chain disruptions
- High inflation will be a major headwind for Main Street and the overall economy
- Positive growth in capital spending will continue
- Equipment finance will play a significant role in economic growth
- Government fiscal and regulatory policies will pose opportunities and challenges to capital spending
- Pandemic-driven changes int he workplace will continue to impact equipment demand
- Many key equipment types will slow — including autos, construction machinery and agricultural equipment
- Businesses will increase their focus on digitization and data
- “Wild Cards” will play a role in business investment decisions
For forecast data regarding equipment investment and capital spending in the United States, see the Equipment Leasing & Finance Foundation’s 2022 Equipment Leasing & Finance U.S. Economic Outlook.
