Procurement Market Intelligence Report
Equipment Financing Services
Sourcing Guide & Market Intelligence
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Equipment Financing Services Global Overview
Definition
Summary
Equipment financing is the process by which a vendor (or lender) loans money to a buyer (or borrower) for the purchase of equipment. This equipment, in turn, serves as collateral for the loan. Suppliers, namely banks and equipment manufacturers, offer loans for an assortment of equipment, including healthcare appliances, audiovisual devices, construction tools, and commercial vehicles and trucks.
This Report Includes:
- New Equipment Financing Services
- Used Equipment Financing Services
Not in this Report:
- Equipment Leasing Services
- Commercial Lending Services
Global Equipment Financing Services Procurement Trends
Discover the top international trends affecting procurement in the global Equipment Financing Services market.
Warning Trends
Fed lowers rates for the first time in 2025
- On September 17, the Federal Reserve’s Federal Open Market Committee (FOMC) voted to lower interest rates to a target range of 4.0% to 4.25%, down 0.25% from the rate it had been holding since November of last year.
- Despite indications at the start of the year that steady reductions to the relatively high 4.25% to 4.5% rate were on the horizon, the Fed held off on rate cuts for much of the year due to concerns that the combination of higher tariffs and a reduction in borrowing costs could cause rebounding inflation.
- The September cut to Fed interest rates signals a shift in this strategy, indicating that the Fed now considers weakening employment figures a greater threat than inflation. As a result, FOMC officials have also signaled that two additional rate cuts are likely before the end of the year in an effort to fight unemployment and stimulate the economy.
- Declining Fed funds rates will provide relief to borrowers by lowering the market interest rates for consumer and business loans. This reduction in the cost of borrowing will reduce the cost of many banking and financial services, and may spur increases in demand across the economy.
Global Equipment Financing Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 20,845 |
| #2 China | 18,290 |
| #3 United States | 13,000 |
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2
Geography Drilldown - US
Average Cost of Equipment Financing Services
United States
2026 Market Pricing$8.50 to $XX.XX
effective annual interest rateAverage Price
Prices in the Equipment Financing Services market range from $8.50 to $XX.XX, depending on Equipment Price, Equipment Age, Loan Term Length and Buyer's Credit Rating. For example, lower prices are associated with More expensive equipment, whereas higher prices are associated with Cheaper equipment.
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Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Equipment Financing Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Equipment Financing Services market, prices in the US have grown 1.4% from 2022 to 2025. Subscribers can access price trend forecasts, price driver projections and forward-looking cost structure data. Learn more
United States (2022-2025)
United States (2025-2028)
Compound Annual Growth Rate
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Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Equipment Financing Services
Total cost of ownership is Medium in the Equipment Financing Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Duties & Taxes may raise the total cost of ownership unexpectedly.
Negotiated Before
Transportation
Installation
Other Fees
Billed During
Additional Fees
Labor
Training
Unforeseen
Duties & Taxes
Hidden Fees
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to 0.3 in the United States. Buyer power is most positively impacted by Recent Developments. It is most negatively impacted by Average Vendor Risk. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as Low, which has a positive impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Office Stationery Wholesalers
- Copier & Office Equipment Wholesalers
- Computer & Packaged Software Wholesalers
- Commercial Banks
2nd
Tier Suppliers
- Office Stationery Manufacturers
- Copier & Optical Machinery Manufacturers
- Computer Manufacturers
Biggest Equipment Financing Services Suppliers in the US by Revenue
The largest Equipment Financing Services vendors by revenue in the US are BMO Harris Bank NA, Td Bank N A and Huntington Bancshares Incorporated. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Jpmorgan Chase & Co | Global | NEW YORK | >10,000 | < 5 | ||||
| Bank Of America Corporation | Global | CHARLOTTE, NC | >10,000 | < 5 | ||||
| Wells Fargo & Company | Global | SAN FRANCISCO, CA | >10,000 | < 5 | ||||
| U S Bancorp | National | MINNEAPOLIS, MN | >10,000 | < 5 | ||||
| Pnc Financial Services Group, Inc. | National | PITTSBURGH, PA | >10,000 | < 5 | ||||
| Truist Financial Corporation | National | CHARLOTTE, NC | >10,000 | < 5 | ||||
| First Citizens BancShares, Inc. | National | RALEIGH, NC | >10,000 | < 5 | ||||
| Fifth Third Bank | CINCINNATI, OH | >10,000 | < 5 | |||||
| Huntington Bancshares Incorporated | Regional | COLUMBUS | >10,000 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Equipment Financing Services market is 25.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is falling, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
Low market share concentration promotes competition between suppliers, which keeps price growth in check.
Low supply chain risk means that buyers will not face higher prices or service disruptions stemming from shortages of input goods.
Low vendor financial risk benefits buyers by limiting the risk of service interruptions stemming from financially unstable lenders.
The United States is a net importer of computers, importing more computers than it exports. However, this does not directly affect buyers as computers are purchased by lenders.
Supplier Information
Bank Of America Corporation
Bank of America Corp. /DE/ is a holding company for various bank and non-bank subsidiaries, providing a full range of banking, investing, asset management, and other financial and risk management products and services. It operates through its four business segments: Consumer Banking segment, which offers Subscribe to learn more
BMO Harris Bank NA
BMO Harris Bank NA is a public company operating globally in the finance & insurance sector. The company's offerings include equipment financing services. Founded in 1882, the company is currently headquartered in Chicago, Illinois, United States of America with an estimated employee count of over 10,000.... Subscribe to learn more
Cooperatieve Rabobank U.A.
Cooperatieve Rabobank U.A. is a private company operating globally in the finance & insurance sector. The company's offerings include equipment financing services. Founded in 1972, the company is currently headquartered in CB, Utrecht, Netherlands with an estimated 10000 employees. Subscribe to learn more
Fifth Third Bank
Fifth Third Bancorp is the financial holding company for the Fifth Third Bank, National Association. It operates three main businesses: commercial banking, consumer and small business banking, and wealth & asset management. It offers checking, savings, and money market accounts; wealth management solutions;... Subscribe to learn more
First Citizens BancShares, Inc.
First Citizens BancShares, Inc. /DE/ is the holding company for First-Citizens Bank & Trust Company. Its bank subsidiary delivers financial services to individuals, businesses, and professionals in the Southeast, Mid-Atlantic, Midwest, and Western United States. It organizes its business into four reporting... Subscribe to learn more
Huntington Bancshares Incorporated
Huntington Bancshares Inc. /MD/ is the bank holding company for Huntington National Bank. It organizes its business into two business segments: the Consumer & Regional Banking segment, which provides a wide array of financial products and services, including, but not limited to, deposits, lending, payments,... Subscribe to learn more
Jpmorgan Chase & Co
JPMorgan Chase & Co. is a global financial holding company. It specializes in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through its bank subsidiary, JPMorgan Chase Bank, National Association,... Subscribe to learn more
KeyCorp
KeyCorp. /NEW/ is the holding company for the KeyBank National Association. Its banking subsidiary delivers retail and commercial banking, commercial leasing, investment management, consumer finance, student loan refinancing, commercial mortgage and special servicing, and investment banking products and services... Subscribe to learn more
Massachusetts Mutual Life Insurance Co
Massachusetts Mutual Life Insurance Co is a private company operating nationally in the finance & insurance sector. The company's offerings include equipment financing services, life insurance, disability insurance and 401(k) administration services. Founded in 1851, the company is currently headquartered... Subscribe to learn more
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Procurement Management KPIs for the Equipment Financing Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Average Resolution Time and Average Response Time. Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Support and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Average Resolution Time |
|
Cumulative resolution time Number of requests |
The average resolution time measures how quickly issues presented to the vendor are resolved. A vendor with competent staff will be able to resolve issues promptly. |
| Average Response Time |
|
Cumulative response time Number of requests |
The average response time is an indicator of how quickly the vendor’s staff respond to requests for support. A low average response time signifies a vendor that is responsive to customer concerns. |
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Customer Service
Will I have a specified customer service representative, or will I need to call a general support line for assistance?
What type of maintenance is performed on the account? How often is it performed?
Policies
How do you determine the interest rate you will charge me?
How do you calculate the interest rate for small and large businesses?
Competition
Has your firm been involved in any mergers or acquisitions recently? Do you anticipate completing any mergers or acquisitions in the next three years?
What advantages do you hold over similar competitors?
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Equipment Financing Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should give an overview of their organizations, including their industry, location(s) and type of ownership (i.e., private).
Buyers should describe why they are looking for a new lender.
Statement Of Need
Buyers should describe the type of equipment (i.e., make, model, purchase price, etc.) for which they seek financing.
Buyers should describe the loan size and other terms they require.
Project Budget
Vendors should include an APR estimate for the loan.
Vendors should specify all other costs (i.e., late fees) associated with the loan.
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
