- The key vendors in the Equipment Finance Market in the US 2014-2018 are AerCap Holdings NV (International Lease Finance Corp.), Bank of America Corp., CIT Group Inc. and General Electric Capital Corp. (GE Capital)
London, 15 October 2014: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Equipment Finance Market in the US 2014-2018. Low interest rates offered by banks and other financial institutions are attracting businesses to use finance for their equipment acquisition. This is advantageous to consumers of equipment finance as they can benefit from low interest financing, thus saving on cash expenditure. Equipment financing will not only help maintain cash flow but also help end-users preserve capital and improve planning of expenses in a challenging economic environment. The overall market is expected to grow at a CAGR of 3.45 percent during the forecast period of 2013-2018.
“Companies replace equipment to maintain a competitive edge in terms of efficiency and effectiveness. Vendors in the market are likely to use technology to optimize their delivery and fulfillment systems around customer service,” says Faisal Ghaus, Vice President of TechNavio Research.
“Upgrading technology provides increased automation, increased output, and better productivity. Investment decisions in technology are made by weighing the costs and benefits of upgrading or updating equipment.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
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