The Equipment Leasing and Finance Association (ELFA) has released its 2019 Survey of Equipment Finance Activity reporting overall new business volume grew 4.4 percent in the equipment finance industry in 2018.
Also in the report, in 2018:
Construction equipment represented 13.9 percent of equipment financing new business volume reported by ELFA member companies, up from 12.7 percent in 2017.
As an end-user of equipment finance, the construction industry represented 8.4 percent of new business volume reported by ELFA member companies, up from 7.9 percent in 2017.
In conjunction with the report, ELFA has issued its "2019 Fact Sheet: Equipment Finance in the Construction Industry." The fact sheet features an infographic and key equipment and financing data from a variety of sources in addition to ELFA. It is available online in PDF format.