Ara (American Leasing Association): the revenue from equipment leasing in the United States is expected to increase by nearly 10% in 2022
According to the latest forecast released by ara in November, the equipment leasing revenue is expected to increase by nearly 10% in 2022, exceeding US $52.3 billion, which will refresh the record of the equipment leasing industry and exceed US $50.9 billion in 2019.
Among them, the equipment rental income of the construction industry leads the recovery, which is expected to increase by 12.3% to US $38.7 billion in 2022. The revenue from general equipment leasing is expected to increase by 370 million to US $13.7 billion in 2022.
Ara said that in the early stage of the outbreak of covid-19 epidemic, equipment leasing companies reduced equipment investment in 2020. The expenditure of leasing companies in the field of construction and general equipment decreased by 44.4% and the equipment investment decreased to more than $7.6 billion in 2020.
According to ara's prediction, the investment will increase by 36.2% to USD 10.4 billion in 2021 and 36% to USD 14.2 billion in 2022.
In Canada, equipment rental income also follows a similar trend. Ara predicts that the rental income of construction and general equipment is expected to increase by 7.9% in 2022 to nearly $4.6 billion, exceeding the once record $4.2 billion.
Although the forecast does not include the potential impact of the U.S. infrastructure investment and Employment Act of 2021 (iija), Ara said that the result of increased infrastructure spending is unlikely to occur in 2022 because the funds in the infrastructure act will not be available until January.
Era (European Leasing Association): in 2022, European equipment leasing revenue increased by about 5.6%
According to the latest forecast of era, the equipment leasing industry in 15 countries and the Baltic Sea region may increase by 5.6% in Europe in 2022, following the expected growth of 6.3% in 2021.
The association cooperates with his to conduct market and forecast, saying covid-19 may continue to directly and indirectly affect the recovery.
Era said: "the Nordic countries have no blockade and almost no work stoppage, which performs better than southern Europe and the UK, which are facing serious blockade and interruption of activities." "with the brexit coming into force now, the UK finds itself in a dilemma because the cost of material procurement is now increased, and the labor shortage in the whole Europe is further exacerbated."
Era's report also confirmed the difficulties faced by leasing enterprises in 2020. Markets such as France, Italy, Spain and the United Kingdom all declined "significantly", while other markets such as Switzerland, Sweden and Germany also declined, but the overall performance was good.
Era focuses on the special conditions of 2020 and 2021, "it is expected that there will be a big peak this year, and it is expected that there will be further significant growth in the short term.
