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The size of the US equipment finance industry at the end of 2018 was around $900 billion, with 80% of companies using at least one form of finance when acquiring equipment or software. Research evaluating the size of the equipment finance market before the Coronavirus pandemic reflects a robust industry well-placed to manage the economic challenges ahead.
Offering a wealth of economic and industry insights, this country survey is comprised of research conducted on behalf of the Equipment Leasing & Finance Foundation by Keybridge Research.
The Foundation’s Q2 2020 Equipment Leasing & Finance Industry Snapshot revealed that the US economy could suffer a historically deep contraction of -30 to -40% in Q2 2020, in part due to more than 90% of the population having been affected by stay-at-home orders.
Furthermore, the Snapshot predicts a plunge in equipment and software investment in the first half of 2020, though a return to growth is possible should the public health crisis subside in the second half of the year.
Created in association with the World Leasing Yearbook, the US country survey is available now.
If you’d like to read more, download the report now.