Equipment Finance

Global Equipment Finance Market to Reach US$2.1 Trillion by 2030

The global market for Equipment Finance estimated at US$1.4 Trillion in the year 2024, is expected to reach US$2.1 Trillion by 2030, growing at a CAGR of 7.4% over the analysis period 2024-2030. Equipment Loan, one of the segments analyzed in the report, is expected to record a 7.4% CAGR and reach US$1.4 Trillion by the end of the analysis period. Growth in the Equipment Lease segment is estimated at 7.9% CAGR over the analysis period.

The U.S. Market is Estimated at US$371.7 Billion While China is Forecast to Grow at 11.8% CAGR

The Equipment Finance market in the U.S. is estimated at US$371.7 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$472.4 Billion by the year 2030 trailing a CAGR of 11.8% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 3.2% and 7.3% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4.7% CAGR.

Global Equipment Finance Market - Key Trends and Drivers Summarized

Equipment finance is a critical financial service that enables businesses to acquire the machinery and equipment they need to operate and expand without the significant upfront capital expenditure. This type of financing is essential across various sectors, including manufacturing, healthcare, construction, and technology, where the cost of equipment can be prohibitively high. Equipment finance includes loans, leases, and other financing structures tailored to meet the specific needs of businesses. These financial solutions help companies preserve their cash flow, manage their working capital more effectively, and ensure they have access to the latest technology and equipment. By spreading the cost of equipment over its useful life, businesses can match the expenses with the revenue generated from the equipment, enhancing financial efficiency and stability.

Technological advancements and changing market dynamics have significantly influenced the equipment finance industry. The introduction of more flexible and innovative financing options, such as operating leases and finance leases, has provided businesses with greater flexibility in managing their assets. Additionally, the rise of digital platforms and fintech solutions has streamlined the financing process, making it faster and more accessible. Businesses can now apply for and manage equipment financing online, reducing the time and effort required to secure funding. Moreover, these digital platforms often offer advanced analytics and decision-making tools that help businesses choose the best financing options based on their specific needs and financial situations. The use of big data and artificial intelligence in credit assessment has also improved the accuracy and speed of loan approvals, benefiting both lenders and borrowers.

The growth in the equipment finance market is driven by several factors. Firstly, the increasing need for businesses to stay competitive by adopting advanced technologies and equipment necessitates substantial investment, which is often facilitated through equipment financing. Secondly, the continuous expansion of key industries such as construction, healthcare, and IT, where equipment is a significant operational component, fuels the demand for financing solutions. Thirdly, the growing emphasis on sustainability and the transition to green technologies require substantial capital investment in new, environmentally friendly equipment, further driving the need for financing. Additionally, the development of innovative financing solutions, such as vendor finance programs and usage-based financing, is attracting more businesses by offering tailored and flexible payment options. The improving economic conditions and rising business confidence are also contributing to the increased uptake of equipment finance as companies look to invest in growth and expansion. Finally, the advancements in digitalization and the integration of fintech solutions in the equipment finance sector are enhancing the accessibility and efficiency of financing, thereby supporting market growth.

SCOPE OF STUDY:

The report analyzes the Equipment Finance market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Finance Type (Equipment Loan, Equipment Lease, Other Finance Types); Provider (Banks, Non-Banking Financial Companies (NBFCs), Other Providers)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 86 Featured) -

• AB Volvo
• Accord Financial Corporation
• Bank of America Corporation
• Caterpiller, Inc.
• CNH Industrial Capital America LLC
• Crest Capital
• Deer & Company
• First Citizens Bancshares, Inc.
• JPMorgan Chase & Co.
• Keystone Equipment Finance Corporation
• Komatsu Limited
• OnDeck, Inc.
• Smarter Finance USA
• The PNC Financial Services Group, Inc.
• Wells Fargo

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

To our valued clients, we say, we have your back. We will present a simplified market reassessment by incorporating these changes!

APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
CANADA
EU
JAPAN
INDIA
176 OTHER COUNTRIES.

Leading Economists - Our knowledge base tracks 14,949 economists including a select group of most influential Chief Economists of nations, think tanks, trade and industry bodies, big enterprises, and domain experts who are sharing views on the fallout of this unprecedented paradigm shift in the global econometric landscape. Most of our 16,491+ reports have incorporated this two-stage release schedule based on milestones.

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