The US equipment leasing market outpaced
European performance in 2011 with new business volume growth of
16.5%, according to an industry survey.

The 2012 Survey of Equipment Finance Activity
(SEFA) released by the Equipment Leasing and Finance Association
(ELFA) showed year-on-year growth surpassed the 3.9% increase
reported for 2010 and marks the second growth year following
volumes declines in 2009 and 2008.


Recently released data
from European leasing trade body
Leaseurope showed the continent’s equipment leasing market grew 12%
in 2011, with new business volume reported by members totalling
€224bn for the year compared to €200bn in 2010.

The SEFA, which is based on responses from 109
ELFA member companies and covers statistical, financial and
operations information, showed volume growth in all market segments
except for the smallest micro-ticket segment.

Growth was recorded across the majority of
asset types although there was a decline in medical equipment,
mining, oil and gas, office machines, and telecommunication and the
research revealed business increases among all types of lessor.

Independent equipment finance companies
experienced the strongest increase, with business volumes up 19.7%
from 2010.

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William Sutton, ELFA president and chief
executive, said: “The 2012 SEFA data show the equipment finance
sector continued to gain momentum as the economy improved in 2011.
More recent data collected in 2012 indicate that steady growth is
continuing, even amid a slow economic recovery.”

The research comes soon after the

latest quarterly economic outlook
from the Equipment Leasing
& Finance Foundation (ELFF), the research arm of the US leasing
trade body, which revised down growth predictions in US equipment
investment for the second half of 2012.

grant.collinson@vrlfinancialnews.com