Lease finance is a popular financing option in the banking industry, with businesses using leasing to acquire a wide range of assets. Here is a breakdown of the market share of various leased asset classes in banking:
- Office equipment and technology: This is the most commonly leased asset class in banking, accounting for around 35% of all leases. Office equipment and technology include computers, copiers, printers, and other equipment used in offices.
- Vehicles: Leasing vehicles is also a popular option for businesses, accounting for around 30% of all leases. This includes cars, trucks, vans, and other types of vehicles used for business purposes.
- Industrial equipment: Industrial equipment, such as machinery used in manufacturing and construction, accounts for around 20% of all leases.
- Real estate: Leasing real estate, such as office space and retail space, accounts for around 10% of all leases.
- Other assets: Other leased assets include furniture, fixtures, and other equipment used in businesses, and accounts for the remaining 5% of all leases.
It’s worth noting that the market share of leased asset classes may vary depending on the region and the specific industry. Additionally, the popularity of leasing different asset classes may shift over time as the needs of businesses and the availability of financing options change.