3.5.3.1Vertical
Commercial Equipment Leasing
Lessors financing trucks, forklifts, and commercial equipment.
Market snapshot
These figures describe Equipment Finance & Leasing (3.5.3), the segment that Commercial Equipment Leasing sits within — not Commercial Equipment Leasing on its own.
- Market size
- ~$134B
- Growth
- ~3.1%CAGR (2017–22, nominal)
- Companies
- ~3,600
FragmentationFragmentedEstimate
U.S. Census Bureau 2022 CBP/Economic Census, NAICS 522220 (Sales Financing) — includes captive auto/equipment finance and independent lessors.
Business model & economics
Revenue model
Lease and loan income plus residual-value gains
Key economics
- Recurring revenue
- Moderate–High
- EBITDA margin
- Spread- and residual-driven
- Capex intensity
- Low
lease portfolio income
Characteristics
- Demand tracks business capital spending.
- Residual-value management and funding costs drive returns.
- Captive finance arms and independent lessors.
M&A deal context
Deal activityModerate
Who’s acquiring
- Bank-owned & independent lessors
- Specialty-finance consolidators
- PE-backed leasing platforms
What’s driving deals
- Consolidation around scaled lessors.
- Capital-spending and replacement-cycle demand.
- Funding and residual-value dynamics.
Find Commercial Equipment Leasing acquisition targets
Search Acquisera’s index for companies classified under Commercial Equipment Leasing (3.5.3.1) and build a targeted deal pipeline.
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