TechNavio recognizes the following companies as the key players in the Equipment Finance Market in US: Banc of America Leasing & Capital LLC, CIT Group Inc., GE Capital Corporate Finance, and International Lease Finance Corp.
Commenting on the report, an analyst from TechNavio’s team said: “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.”
According to the report, 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 of the access to credit, which indicates that the market has immense growth prospects.
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 study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/equipment-finance-market-us-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/it-hardware-software-services
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TechNavio Announces the Publication of its Research Report -Equipment Finance Market in US 2012-2016
