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ELFA Report Forecasts 2024 Equipment Markets: “What’s Hot/What’s Not”

March 12, 2024, 07:25 AM

What are the hottest equipment markets of 2024? The 34th annual “What’s Hot/What’s Not: Equipment Market Forecast 2024” from the Equipment Leasing and Finance Association (ELFA) reveals industry perceptions of 15 equipment markets based on a survey of ELFA members. The survey results point to construction, machine tools, medical, technology and marine/intercoastal as the leading sectors for the year ahead, according to portfolio preference.

The “What’s Hot/What’s Not” report is designed to assist equipment finance organizations in identifying business opportunities for future success. Authors Carl Chrappa and Gregory Chrappa of The Alta Group presented the results yesterday at the ELFA Equipment Management Conference in New Orleans. The results reveal the following overall ranking of equipment types for portfolio preference among ELFA members. These rankings are based on the amount of future financing volume (unweighted) and the best and least favorable future equipment financing opportunities (weighted).

1. Construction
2. Machine Tools
3. Medical
4. Hi-tech/Computers
5. Marine/Intercoastal
6. Rail
7. Aircraft
8. Tie: Oil/Gas/Energy, Plastics
10. Containers/Chassis
11. Automobiles
12. Tie: Telecom, Trucks/Trailers
14. FF&E
15. Printing

The report findings indicate that for the second consecutive year, equipment managers and equipment finance companies have become less optimistic about almost all types of equipment, a reflection of the expected effects of rising interest rates, increased regulations, and a slowing economy.

Access the Results

Visit the ELFA Knowledge Hub at to access the “What’s Hot/What’s Not” results, including:

  • The full report, including an analysis of the rankings
  • An infographic with key takeaways from the report

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