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Global Construction Equipment Finance Market Favoring Online Financing

May 24, 2016, 07:20 AM
Filed Under: Construction
Related: Construction

Research and Markets has announced the addition of the "Global Construction Equipment Finance Market 2016-2020" report to their offering.

The global construction equipment finance market to grow at a CAGR of 9.9% during the period 2016-2020.

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.

Huge demand for construction equipment is the latest trend in the market. Many investment banks and financing companies are entering into tie-ups with construction equipment vendors so that they can help finance their projects. The leasing and financing options offered by these financing companies help the end-users save taxes.

According to the report, the online receivable financing market has attracted a lot of key market players, competitors, and customers. The market operates competitive auctions through a global network of accredited institutional buyers. Since traditional financing is considered expensive, many industries are opting for online receivable financing platforms to meet their working capital needs on a daily basis. The online receivable financing market operates as a part of asset-based lending solutions while coming into because it is considered a collateral component in business lines of credit.

Further, the report states that shortage of skilled workers in construction activities, such as carpentry, masonry, and brick work, is one of the biggest challenge faced by the construction industry.

Key Vendors:

  • American Capital Group Inc.
  • Crest Capital 
  • Fundera Inc. 
  • General Electric (GE) Company 
  • JPMorgan Chase & Co.

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