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Construction Equipment Finance Market Share

Report ID: GMI6257
Published Date: Jul 2024
Report Format: PDF

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Construction Equipment Finance Market Share

Caterpillar Inc. and Deere & Company hold a market share of around 4% in 2023 in the construction equipment finance industry. Caterpillar Inc. focuses on offering integrated financing solutions to cater to the diverse needs of their customers, which helps the company to enhance its value proposition and in establishing long-term relationships with customers.

Deere & Company has improved its customer financing by investing heavily in digital platforms. These platforms allow customers to explore financing options, apply for credit, and manage their accounts online. These digital tools enhance customer satisfaction and accelerate the approval process, making it easier for customers to finance their equipment purchases.

Construction Equipment Finance Market Companies

Major players operating in the construction equipment finance industry are:

AB Volvo
Bank of America
Caterpillar Inc.
CNH Industrial
Deere & Company
GE Capital
John Deere
JP Morgan Chase
Komatsu
Well Fargo

Authors: Preeti Wadhwani

Frequently Asked Questions (FAQ) :

The market size of construction equipment finance reached USD 91.6 billion in 2023 and is set to register 6.5% CAGR between 2024 and 2032, led by the rising government and private funding for building and upgrading infrastructure.

The loans segment in the construction equipment finance industry is expected to reach USD 85 billion by 2032, due to rising construction activities and favorable government policies and incentives.

Asia Pacific market held 41% revenue share in 2023, owing to the growing urbanization, infrastructure projects, and industrial expansion.

AB Volvo, Bank of America, Caterpillar Inc., CNH Industrial, Deere & Company, GE Capital, John Deere, JP Morgan Chase, Komatsu, and Well Fargo.