What are the hottest equipment markets of 2020? A new report from the Equipment Leasing and Finance Association (ELFA), What’s Hot/What’s Not: Equipment Market Forecast 2020, reveals industry perceptions of 15 U.S. equipment markets based on a survey of ELFA members.
Survey results point to construction, medical, hi-tech/computers and machine tools as the leading sectors for the year ahead, according to portfolio preference. The new report provides valuable insights for participants at the 2020 Equipment Management Conference & Exhibition, where more than 300 ELFA members will gather Feb. 23-25 in Orlando, Florida.
What’s Hot/What’s Not: Equipment Market Forecast 2020, authored by Carl Chrappa of The Alta Group, is designed to assist equipment finance organizations in identifying business opportunities for future success.
The 2020 Forecast Survey reveals 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).
- Machine Tools
- Tie: Containers/Chassis, Plastic, Rail
The full report, including an analysis of the rankings, is available at www.elfaonline.org/data/market-trends.
More Market Analysis and Forecasting
Additional analysis of the equipment market outlook will occur at the 2020 ELFA Equipment Management Conference, where asset managers, equipment appraisers and remarketers will evaluate and present the latest developments in market conditions, portfolio quality and residual values for key equipment segments. Educational sessions will assess the outlook for a range of equipment markets, including trucks/trailers, material handling, construction, healthcare, machine tools, aircraft, food processing, marine, packaging, alternative energy, rail and plastics. Participants also will examine IT trends and the future of asset management, emerging technology trends in agricultural equipment and portfolio impairment testing. Jeff Jenson, Senior Director at Keybridge, will present the keynote on “What If a Recession Happens? Which Business Sectors Would Be Hit Hardest?” Details about the conference are available at www.elfaonline.org/events/2020/EMC/.
The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the nearly $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. ELFA members are the driving force behind the growth in the commercial equipment finance market and contribute to capital formation in the U.S. and abroad. Its 575 members include independent and captive leasing and finance companies, banks, financial services corporations, broker/packagers and investment banks, as well as manufacturers and service providers. For more information, please visit www.elfaonline.org.