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Equipment acquisition trends

Ten major trends will drive U.S. equipment acquisitions in 2022 according to an article in Compact Equipment magazine quoting the Equipment Leasing and Finance Association (ELFA). ELFA predicts that more than $2 trillion will be spent on equipment and software in 2022 with about half of that total being actively financed.

According to ELFA the top 10 trends driving this spending will be:

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Solid economic growth.

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Ongoing equipment shortages and supply chain disruptions.

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High inflation.

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Positive capital spending growth.

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Financing as an important economic growth enhancer.

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Challenges and opportunities created by government policies.

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Continuing pandemic-driven workplace changes.

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Growth over a wide range of equipment types.

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A growing role for digitization and data.

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Unpredictable ‘wild cards’ will impact investment decisions.

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