The Equipment Leasing and Finance Association (ELFA) revealed its Top 10 Equipment Acquisition Trends for 2019. According to the association, these trends impact a significant portion of the U.S. economy.
ELFA used the Equipment Leasing & Finance Foundation’s research, along with member input from ELFA meetings and conferences.
President and CEO Ralph Petta said, “Equipment acquisition plays a critical role in driving the supply chains across all U.S. manufacturing and service sectors. Equipment leasing and financing provide the source of funding for approximately 60 percent of U.S. businesses to acquire the productive assets they need to operate and grow.”
ELFA forecasts the following trends:
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Capital spending will remain in positive territory.
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The share of equipment acquisitions financed will likely remain stable.
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A majority of key equipment verticals will hold steady growth.
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U.S. businesses will feel the impact of global economic “headwinds.”
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Leased and financed acquisitions will get a boost from regulatory and legislative changes.
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Technological advancements and avoiding obsolescence will be priorities of capital spending
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Uncertainty around interest rate hikes will have businesses tuned in.
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Federal government activity will bring opportunities and challenges to capital spending.
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Unexpected external occurrences will factor into capital spending decisions.
