10 Equipment Purchasing Trends for 2024

Jan. 17, 2024
How inflation, interest rates, green initiatives, artificial intelligence, and more are impacting how manufacturers purchase equipment in 2024.

The Equipment Leasing and Finance Association (ELFA) revealed its Top 10 Equipment Acquisition Trends for 2024.

ELFA President and CEO Leigh Lytle said, “The resilient U.S. economy and opportunities for growth and greater efficiencies underlie the trends this year as equipment acquisition continues to drive supply chains across all U.S. manufacturing and service sectors. Nearly 8 in 10 U.S. businesses use equipment leasing and financing to acquire the productive assets they need to operate and grow. We are pleased to provide the Top 10 Equipment Acquisition Trends to help businesses in their strategic equipment acquisition decision-making.”

ELFA distilled recent research and data, including the Equipment Leasing & Finance Foundation’s 2024 Equipment Leasing & Finance U.S. Economic Outlook, industry participants’ expertise, and member input from ELFA meetings in compiling the trends.

For an infographic highlighting the Top 10 Equipment Acquisition Trends for 2024, visit ELFA’s Equipment Finance Advantage website for end-users at https://www.equipmentfinanceadvantage.org/toolkit/10trends.cfm.


The Equipment Leasing and Finance Association (ELFA) is the trade association that represents companies in the $1 trillion equipment finance sector, which includes financial services companies and manufacturers engaged in financing capital goods. For more information, please visit www.elfaonline.org.

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