Equipment Finance Service Market Report 2026

The equipment finance service market size has grown rapidly in recent years. It will grow from $1.43 trillion in 2025 to $1.59 trillion in 2026 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to growth of capital-intensive industries, increasing need for equipment modernization, expansion of small and medium enterprises, rising use of leasing over ownership, availability of diversified financing providers.

The equipment finance service market size is expected to see strong growth in the next few years. It will grow to $2.32 trillion in 2030 at a compound annual growth rate (CAGR) of 9.9%. The growth in the forecast period can be attributed to increasing investments in automation and advanced equipment, rising demand for green and energy-efficient assets, expansion of usage-based financing models, growing integration of AI in credit decisioning, increasing demand from emerging industries. Major trends in the forecast period include increasing adoption of flexible leasing models, rising demand for digital loan origination platforms, growing preference for asset-light business models, expansion of sector-specific financing solutions, enhanced risk analytics in credit assessment.

The growing emphasis on public infrastructure development is anticipated to drive the expansion of the equipment finance service market in the coming years. Public infrastructure development involves the planning, construction, and maintenance of critical facilities and systems, including transportation, utilities, and public buildings, which are funded and managed by the government to promote economic growth and public welfare. The increase in infrastructure projects is fueled by rising government initiatives aimed at stimulating economic growth, modernizing infrastructure, and implementing sustainable and resilient solutions to combat climate change. Equipment finance services offer the required funding to acquire and maintain essential construction and operational machinery for government-backed infrastructure projects. For example, in September 2025, the office of the Parliamentary Budget Officer, a Canada-based government entity, reported that the Parliamentary Budget Officer (PBO) projects the Government of Canada will invest $159 billion in infrastructure during the 2025-26 to 2029-30 period. Consequently, the growing emphasis on public infrastructure development is supporting the growth of the equipment finance service market.

Key companies in the equipment finance services market are channeling their efforts toward developing technologically advanced software solutions designed to deliver functionalities such as predefined configurations and process catalogs. These features aim to enable proactive infrastructure management and confer a competitive advantage in the market. Predefined configurations and process catalogs encompass preset system settings and standardized operational procedures tailored to streamline implementation and ensure consistency across business processes. For example, Alfa Financial Software Holdings plc introduced Alfa Start in October 2023, a preconfigured software platform tailored for equipment finance organizations in the US market. Leveraging the renowned Alfa Systems platform, Alfa Start offers rapid deployment at entry-level costs through its predefined configuration and process catalog. It encompasses over 30 back-office business processes supported by predefined workflows, business rules, document generation, and user roles. Additionally, Alfa Start features out-of-the-box sales tax and payment integrations, facilitating seamless compatibility with existing systems. The platform can be deployed as-is or customized to expedite project delivery and optimize value realization.

In October 2024, Kapitus, a US-based provider of financing for small and medium-sized businesses, acquired Ten Oaks Commercial Capital for an undisclosed amount. This acquisition supports Kapitus's strategy to broaden its product offerings and strengthen support for businesses in key sectors such as construction, manufacturing, hospitality, and healthcare. With the addition of its equipment finance division, alongside existing small business loans and revenue-based financing products, Kapitus seeks to foster growth and innovation for small and medium-sized businesses critical to the economy. Ten Oaks Commercial Capital, a US-based company, specializes in equipment finance and working capital loans.

Major companies operating in the equipment finance service market are JPMorgan Chase & Co, Bank of America Corporation, Wells Fargo, GE Capital, Crest Capital, Toronto-Dominion Bank, Société Générale SA, Truist Financial Corporation, PNC Financial Services Group Inc, First American Equipment Finance, First Citizens Bank And Trust Company, UMB Financial Corporation, Balboa Capital, Commercial Credit Group Inc, National Funding, Blue Bridge Financial, Keystone Equipment Finance, Smarter Finance USA, CIT Group, DLL Group.

North America was the largest region in the equipment finance service market in 2025. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the equipment finance service market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the equipment finance service market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The equipment finance service market includes revenues earned by entities by providing financial services such as leasing services, loan services rental services, and vendor financing for the acquisition of various types of equipment, such as machinery, vehicles, and technology. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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