Market Overview:
The global construction equipment finance market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for construction equipment in various applications such as enterprise, municipal and others. In terms of type, the online financing segment is expected to grow at a higher CAGR than the offline financing segment during the forecast period. Region-wise, North America is estimated to hold a major share of the global construction equipment finance market in 2018 and Asia Pacific is projected to be fastest growing region during the forecast period. Some of the key players operating in this market are Caterpillar Financial Services Corporation (U.S.), John Deere Financial LLC (U.S.
Product Definition:
Construction Equipment Finance is a type of loan that is used to finance the purchase of construction equipment. Construction Equipment Finance can be used to finance new or used construction equipment. The importance of Construction Equipment Finance is that it allows businesses to purchase the construction equipment they need in order to complete their projects.
Online Financing:
Online financing is a type of consumer-to-consumer sales and payment process that allows customers to buy equipment online using various types of payment methods including credit cards, debit cards, electronic checks, and bank transfers. Online financing can also be used for the lease or rental purchase of construction equipment. The growth factor in this market is customer convenience coupled with competitive pricing offered by online finance providers.
The global online financing market size was valued at USD 3 billion in 2015.
Offline Financing:
Offline financing is also known as bank finance and it is a process where a customer can apply for finance for the purchase of construction equipment. The customer will go to the local branch of the bank, fill up an application form and provide necessary documents to prove his identity. After that, he will be provided with an approval in few minutes and can start making payments online via internet banking or by using credit/debit cards.
Application Insights:
The enterprise application segment accounted for the largest revenue share of over 60.0% in 2017 and is anticipated to maintain its lead over the forecast period. The growth can be attributed to the wide scope of application in construction activities, such as land acquisition, project management, civil engineering and infrastructure development across various industries including oil & gas, power generation & transmission etc. Furthermore, rising demand for heavy machinery with high durability and reliability is expected to drive the demand further.
Municipal application segment was valued at USD 2 billion in 2017 owing to increasing urbanization along with industrialization & infrastructure development leading to an increase in municipal projects across countries including China India Japan etc., which are likely to propel industry expansion over next few years.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth can be attributed to increasing government investments in infrastructure development coupled with rising industrialization across emerging economies, such as China and India. In addition, growing demand for construction equipment from residential sector is anticipated to drive regional demand over the forecast period.
Europe accounted for a significant share of revenue in 2017 owing to high adoption of construction equipment on account enterprise-level financing schemes by manufacturers and distributors coupled with favorable government regulations aimed at promoting manufacturing activities within region. Moreover, presence of key players engaged in providing finance solutions will also help Europe retain its position during the forecast period.
Growth Factors:
- Increasing demand for construction equipment due to growth in infrastructure and construction sector
- Rising income levels and growing population, which is resulting in increased demand for housing and other infrastructure projects
- Increased focus on environment-friendly construction methods, which is driving the adoption of new technologies and equipment in the construction industry
- Rapid urbanization across emerging economies is leading to development of new cities and towns, thereby fueling the demand for construction equipment
- Growing awareness about the benefits of leasing/financing options among end-users is aiding market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Construction Equipment Finance Market Research Report
By Type
Online Financing, Offline Financing
By Application
Enterprise, Municipal, Others
By Companies
Crest Capital, American Capital Group, JP Morgan Chase, Fundera, GE, Marlin Leasing Corporation, TD Bank, Tetra Corporate Services, US Bank, Wells Fargo
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
212
Number of Tables & Figures
149
Customization Available
Yes, the report can be customized as per your need.
Global Construction Equipment Finance Market Report Segments:
The global Construction Equipment Finance market is segmented on the basis of:
Types
Online Financing, Offline Financing
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Enterprise, Municipal, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Crest Capital
- American Capital Group
- JP Morgan Chase
- Fundera
- GE
- Marlin Leasing Corporation
- TD Bank
- Tetra Corporate Services
- US Bank
- Wells Fargo
Highlights of The Construction Equipment Finance Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Online Financing
- Offline Financing
- By Application:
- Enterprise
- Municipal
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Construction Equipment Finance Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Construction equipment finance is a type of lending that allows businesses to borrow money to purchase construction equipment. The loan can be used for a variety of purposes, such as purchasing new or used construction equipment, financing the purchase of land or buildings needed for the business, or providing working capital.
Some of the key players operating in the construction equipment finance market are Crest Capital, American Capital Group, JP Morgan Chase, Fundera, GE, Marlin Leasing Corporation, TD Bank, Tetra Corporate Services, US Bank, Wells Fargo.
The construction equipment finance market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Construction Equipment Finance Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Construction Equipment Finance Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Construction Equipment Finance Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Construction Equipment Finance Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Construction Equipment Finance Market Size & Forecast, 2020-2028
4.5.1 Construction Equipment Finance Market Size and Y-o-Y Growth
4.5.2 Construction Equipment Finance Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Online Financing
5.2.2 Offline Financing
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Enterprise
6.2.2 Municipal
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Construction Equipment Finance Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Construction Equipment Finance Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Online Financing
9.6.2 Offline Financing
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Enterprise
9.10.2 Municipal
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Online Financing
10.6.2 Offline Financing
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Enterprise
10.10.2 Municipal
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Online Financing
11.6.2 Offline Financing
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Enterprise
11.10.2 Municipal
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Online Financing
12.6.2 Offline Financing
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Enterprise
12.10.2 Municipal
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Online Financing
13.6.2 Offline Financing
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Enterprise
13.10.2 Municipal
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Construction Equipment Finance Market: Competitive Dashboard
14.2 Global Construction Equipment Finance Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Crest Capital
14.3.2 American Capital Group
14.3.3 JP Morgan Chase
14.3.4 Fundera
14.3.5 GE
14.3.6 Marlin Leasing Corporation
14.3.7 TD Bank
14.3.8 Tetra Corporate Services
14.3.9 US Bank
14.3.10 Wells Fargo
