Leasing and financing volumes are expected to be higher in 2025 than in 2024, according to the “What’s Hot/What’s Not” equipment market forecast for 2025, led by Carl Chrappa, senior managing director with The Alta Group and head of its Asset Management Practice. The ELFA released the report within its Knowledge Hub on Wednesday.

“The big headline is that we have moved from the negative outlook observed over the last two years into a positive outlook for equipment leasing and financing in this survey,” Chrappa said. “This is a turnaround.”

Chrappa has led the months-long research for this comprehensive industry report since the ELFA started publishing it 35 years ago. The annual market forecast has become the most widely requested report from the ELFA’s Knowledge Hub. The document is the product of a survey of more than 400 equipment managers and industry experts. It also discusses insights and outlooks for various equipment markets, with an emphasis on current conditions, changes over time, technology, regulations, valuation issues and various current and future residual challenges and opportunities.

Chrappa has five decades of hands-on equipment valuation, inspection and remarketing experience, and has built a reputation as an internationally recognized expert and speaker in the field of asset management. He is a founding member and chair emeritus of the ELFA’s Equipment Management Committee. He is also a member of the Federal Reserve Bank of Philadelphia’s “Livingston Report” Macroeconomic Survey panel.

“What’s Hot/What’s Not” offers detailed information on growth rates, secondary markets and other intelligence impacting each of the 15 equipment market categories surveyed.

In 2025, the Truck/Trailer category demonstrated the largest increase in preference after experiencing a precipitous decline in the 2024 survey. Oil/Gas/Energy equipment also made a sizeable improvement. Equipment in the Rail and Containers categories saw moderate declines in preference.