Construction equipment leasing grows

Concrete Construction, Oct, 2004

The Equipment Leasing Association, Arlington, Va., the non-profit association representing companies involved in the $218 billion equipment leasing and finance industry, and R.S. Carmichael & Co., a marketing research and management consulting firm, White Plains, N.Y., have released a new report, Construction and Agricultural Equipment Leasing, 2004: U.S. Market Dynamics and Outlook. The construction and agriculture equipment industries represent two of the largest markets for lease financing. The construction market, in particular, resumed its growth in 2003 and is forecast to grow 8 to 10 percent in 2004 and 2005. Construction equipment lease financing is projected to reach $12.5 billion in 2004 and $13.5 billion in 2005. This compares with $11.4 billion in 2003 and $10.5 billion in 2002.

Among the market studies' key objectives, the report measures and characterizes the U.S. construction and agricultural equipment leasing market, identifies the trends affecting lease financing penetration in each market, evaluates the leasing practices and needs to customers and equipment vendors, and projects the U.S. construction and agricultural equipment leasing markets through 2005.

For more information, contact Suzanne Jackson at 434-972-7278, sj@FourLeafPR.com.