The Foundation’s latest study reveals the impact of the Tax Cuts and Jobs Act of 2017 on the $1 trillion Equipment Finance Industry

The Foundation’s 2025 Economic Outlook – Quarter 2 Update forecasts equipment investments and capital spending in the U.S. while evaluating the effects of various related and external factors now and into the future.

The equipment finance industry expanded to an estimated $1.34 trillion in 2023—a new all-time high—with 82% of end-users using some form of financing to fund their equipment and software (E&S) acquisitions, according to an end-user survey from the Equipment Finance Industry Horizon Report 2024. The report also reveals that of $2.3 trillion (nominal) in E&S investment in 2023, approximately 57.7% (and 64.2% of private sector investment) was financed.