United States Material Handling Leasing and Financing Industry Report 2021: Growth, Trends, COVID-19 Impact, and Forecasts to 2026 - ResearchAndMarkets.com
The "Material Handling Leasing and Financing Industry in the United States - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The material handling leasing and financing market was valued at USD 44.63 billion in 2020 and is expected to reach USD 56.61 billion by 2026 registering a CAGR of 4.1% during the forecast period(2021 - 2026).
While the year 2018 registered a healthy performance in various markets, the same was reflected in the equipment leasing and financing market. According to the Equipment Leasing and Financing Association (ELFA), the equipment and software investment expanded by 7.9% in 2018, marking the strongest annual growth since 2012.
Additionally, the trade war, which has a significant impact on the prices of industrial goods, may eventually weaken the purchasing power of consumers and small businesses. Thus, this may open new opportunities for the leasing and financing companies.
Reasons, such as technological advancements and avoiding obsolescence, are likely to become top priorities of capital spending in the region, which again leads to the emergence of leasing and other financing options as more viable solutions instead of buying.
Moreover, the government-imposed tariffs on Chinese goods worth around USD 60 billion, belonging to the aerospace, information and communication technology, and machinery industries, among others, had a ripple effect on the entire material handling equipment supply chain.
Key Market Trends
Small and New Businesses to Drive the Market Growth
The material handling leasing and financing market is highly competitive owing to the presence of many small and large players operating in domestic as well as in the international markets, The market appears to be moderately concentrated with major players adopting strategies like product innovation and partnerships. Some of the major players in the market are CIT Group, Inc., DLL Finance LLC, Crest Capital LLC, BB&T Corporation among others.
Key Topics Covered:
2 MATERIAL HANDLING LEASING AND FINANCING MARKET OVERVIEW
2.1 Current Market Scenario (Market Volume and Forecast)
2.2 Historical Industry Indicators
2.3 Relative Positioning of the Material Handling Segment
2.4 Pricing Trends and Market Projections of the Individual Material Handling Equipment
3 FINANCING MODEL ANALYSIS
4 Company Profiles
4.1 CIT Group Inc.
4.2 Crest Capital LLC
4.3 Element Fleet Management Corp
4.4 Trust Capital LLC
4.5 DLL Finance LLC
4.6 Pacific Rim Capital Inc.
4.7 CLARK Material Handling Company
4.8 Taylor Leasing and Rental Inc.
4.9 Evolve Bank & Trust
4.10 Toyota Material Handling USA Inc. (Toyota Industries Corporation)
4.11 Bank of the West (BNP Paribas)
4.12 HomeTrust Bank (HomeTrust Bancshares, Inc.)
4.13 BB&T Corporation
4.14 Hanmi Bank
5 INVESTMENT SCENARIO
6 FUTURE OUTLOOK OF THE US MATERIAL HANDLING LEASING AND FINANCING MARKET
For more information about this report visit https://www.researchandmarkets.com/r/xjgsft