Research and Markets has announced the addition of the "United States Equipment Finance Market Forecasts Report, 2016" report to their offering.
One of the major drivers in this market is the improving Credit market conditions in the market, which has instilled confidence in the market players. With the correction in the Housing market and auto sales, the players are becoming optimistic about the access to credit, which indicates that the market has immense growth prospects.
Companies are planning to increase their investment in equipment in the coming year. As a result, a majority of them would be depending on different sources of finance such as leasing, loans, and line of credit. Large businesses will be able to capitalize on their economies of scale to acquire equipment. Small businesses may not be able to acquire equipment due to the pressing economic conditions on which they are highly dependent. Hence, there will be an increase in demand for equipment by large-scale companies.
Further, the report states that one of the main challenges is the prevailing sluggish economic growth. Economic indicators are crucial factors for the firms to make their investment decisions. Sluggish economic growth indicates staggering growth of investments for the firms.
The key vendors dominating this market space are:
- GE Capital
- Banc of America Leasing & Capital, LLC
- International Lease Finance Corp.
- CIT Group Inc
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