Written by: James Waite, Esq. and Rene Del Barco
The 2.3 million men and women of the equipment manufacturing industry make the equipment that builds, powers, and feeds the world. Everywhere you look, equipment manufacturers are keeping people and critical goods moving and powering vital public services and utilities.
2023 was a mixed bag when it came to new and used construction equipment sales, with steady declines for compact equipment and a slight uptick for larger machines.
The Equipment Leasing and Finance Association (ELFA) recently unveiled the findings of its 34th annual “What’s Hot/What’s Not: Equipment Market Forecast 2024,” offering a comprehensive overview of how the equipment finance industry perceives 15 key equipment markets.