Construction Equipment Finance Global Market is Likely to Upsurge $84.73 billion at a CAGR of 9.3% Globally By 2028, Size, Share, Trends, Demand, Growth Forecast and Opportunity outlook

Construction equipment finance refers to the provision of funding or leasing arrangements for acquiring machinery and equipment used in construction projects. This specialized form of financing enables businesses to obtain necessary equipment without paying the full cost upfront to preserve their cash flow and working capital.

Sizing and Forecast
The construction equipment finance market size has grown strongly in recent years. It will grow from $54.39 billion in 2023 to $59.38 billion in 2024 at a compound annual growth rate (CAGR) of 9.2%.  The growth in the historic period can be attributed to Economic conditions, construction industry trends, the growing availability of financing options, the regulatory environment, credit availability, high manufacturer incentives, and high resale value.

The construction equipment finance market size is expected to see strong growth in the next few years. It will grow to $84.73 billion in 2028 at a compound annual growth rate (CAGR) of 9.3%.  The growth in the forecast period can be attributed to the need for construction equipment, central bank policies and interest rate trends, urban redevelopment and smart city initiatives, growth in the construction equipment rental market, insurance and risk management, and impact of global economic cycles and recessions. Major trends in the forecast period include the rise of digital financing platforms, a shift towards flexible financing models, a focus on sustainability and green financing, integration of IoT and telematics, and expansion of equipment-as-a-service (EaaS) offerings.

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Segmentation & Regional Insights
The construction equipment finance market covered in this report is segmented –
1) By Financing Type: Loans, Mortgage
2) By Equipment: Earthmoving, Material Handling, Concrete And Road Construction, Transportation
3) By Application: Enterprise, Municipal, Other Applications
4) By End-User: Small And Medium Enterprises, Large Enterprises

North America was the largest region in the construction equipment finance market in 2023. The regions covered in the construction equipment finance market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The growing construction industry is expected to propel the growth of the construction equipment finance market going forward. The construction industry is a sector of the global economy, encompassing the processes involved in constructing, renovating, and maintaining structures such as buildings, infrastructure, and industrial facilities. The construction industry is growing due to increased access to flexible construction equipment finance options, enabling companies to acquire advanced machinery and expand their projects more efficiently. Construction equipment finance helps construction businesses manage cash flow by spreading the cost of equipment purchases over time, thus avoiding large upfront expenditures. For instance, in May 2024, according to the construction spending report released by the U.S. Census Bureau, a US-based federal government agency, the construction spending during the first three months of 2024 amounted to $461.0 billion, which is 10.6% (±1.3%) above compared to the spent during the same period in 2023. Therefore, the growing construction industry is driving the growth of the construction equipment finance market.

Key Industry Players
Major companies operating in the construction equipment finance market are Wells Fargo Equipment Finance Inc., Deere & Company, Komatsu Financial Limited, CNH Industrial Capital LLC, Kubota Credit Corporation, Liebherr-Finanz GmbH, Doosan Corporation, Atlas Copco Financial Services NV, Terex Financial Services, General Electric Corporation, Wacker Neuson Finance B.V., Caterpillar Financial Services Corporation, Hyundai Construction Equipment Co. Ltd. , CIT Group Inc., De Lage Landen International B.V., H&E Equipment Services Inc., Société Générale Equipment Finance, Sumitomo Mitsui Finance and Leasing Co. Ltd., Volvo Financial Services, Sany America Inc., JCB Finance Ltd, Mitsubishi UFJ Lease & Finance Company Limited, Bank of America Leasing & Capital LLC, Hitachi Capital America Corp., US Bancorp Equipment Finance Inc.

The construction equipment finance market report table of contents includes:
1. Executive Summary
2. Construction Equipment Finance Market Report Structure
3. Construction Equipment Finance Market Trends And Strategies
4. Construction Equipment Finance Market – Macro Economic Scenario
5. Construction Equipment Finance Market Size And Growth
…..
27. Construction Equipment Finance Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix


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