Press release
Global Construction Equipment Finance Market Will Hit At CAGR Of 9.9% During Years 2016-2020
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Equipment financing refers to the credit, including leasing, government loans, and other small business administration loans, that are disbursed to different businesses (like the automotive and construction industries). It also includes sale and leaseback, which help market players raise cash for equipment purchases by selling off collateralized existing equipment.
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While availing credit, customers can either opt for equipment loans or lease, as these two have different interest rates. The maturity term of a loan depends on the equipment's life, but once repaid, the instrument or machine belongs to the buyer. In case of leasing, the funder or the financial institution is the owner of the equipment but the buyer can use the equipment during the lease period.
Technavios analysts forecast the global construction equipment finance market to grow at a CAGR of 9.9% during the period 2016-2020.
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Covered in this report
The report covers the present scenario and the growth prospects of the global construction equipment finance market for 2016-2020. To calculate the market size, the report considers total financing for the construction companies from the Americas, APAC, and EMEA.
Technavio's report, Global Construction Equipment Finance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
American Capital Group Inc.
Crest Capital
Fundera Inc.
General Electric (GE) company
JPMorgan Chase & Co.
Other prominent vendors
American Capital Group Inc.
Crest Capital
Fundera Inc.
General Electric (GE) company
JPMorgan Chase & Co.
Market driver
Different finance mechanisms favoring online financing
For a full, detailed list, view our report
Market challenge
Lack of trained personnel
For a full, detailed list, view our report
Market trend
Huge demand for construction equipment
For a full, detailed list, view our report
Key questions answered in this report
What will the market size be in 2020 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?
What are the market opportunities and threats faced by the key vendors?
What are the strengths and weaknesses of the key vendors?
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