The Equipment Leasing and Finance Association has released its 2017 Survey of Equipment Finance Activity (SEFA) reporting overall new business volume grew 2.5% in the equipment finance industry in 2016.
As end-users of equipment finance, the industrial & manufacturing industry represented 12.4% of new business volume reported by ELFA member companies, up from 12.2% in 2015. Of that:
o The metal & machinery industry represented 5.3% of new business volume reported by ELFA member companies, down from 5.8% in 2015.
o Wood, paper, chemical & plastic industries represented 4.2% of new business volume reported by ELFA member companies, an increase from 3.4% in 2015.
o Other industrial/manufacturing industries represented 2.9% of new business volume reported by ELFA member companies, down slightly from 3.0% in 2015.
Percentage of new business volume ELFA member companies financed by equipment type:
|
Equipment category |
In 2016 |
In 2015 |
|
Materials handling |
3.0 % |
2.5% |
|
Machine tools |
2.2% |
2.2% |
|
Product & process control |
1.3% |
1.0% |
|
Other industrial/manufacturing |
1.0% |
0.6% |
|
Plastic extrusions |
0.3% |
0.3% |
|
Water Pollution & Waste Management Treatment |
0.2% |
0.1% |
In addition to the SEFA report, ELFA has issued its “2017 Fact Sheet: Equipment Finance in the Industrial and Manufacturing Industry”. The fact sheet has an infographic and key equipment and financing data from a variety of sources in addition to ELFA.
