ELFA releases its 2017 Survey of Equipment Finance
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.
