August 19, 2005—The Equipment Leasing Association (ELA), the non-profit membership organization representing companies involved in the forecasted $248 billion equipment leasing and finance industry, and R.S. Carmichael & Co., Inc., a marketing research and management consulting firm, has released a new report, Office Copier and Furniture Leasing, 2005 U.S. Market Dynamics and Outlook.
The office copier and furniture equipment industries represent two of the top four equipment categories for capital investment by small businesses, according to the report. The office copier market, in particular, has rebounded to near 2000 growth levels. In 2000, business investment in copier equipment was 9.6 billion, but dropped to a low of $4.8 billion in 2001; in 2006, the office copier market is expected to reach 8.3 billion – a significant rebound for that market.
According to the report, office furniture (workstations, desks, partitions, storage systems and seating), has been relatively stable since the dot-com bust earlier this decade.
Most lease financing transactions in office furniture fall in the $100,000 to $500,000 range.
Government leasing (both federal and municipal) appears to be an under-served market in the office equipment leasing marketplace.
A copy of the report may be purchased for $499 from ELA.
