More Manufacturing Means More Equipment Sales
In the past year and a half, there have been more new manufacturing facility expansions or groundbreakings than in any 18-month period in over 30 years. Plus, the onshoring of supply chains and today's challenging labor market means manufacturers will need to invest heavily in automation in order to operate efficiently.
Top Five Industries Benefiting From the Manufacturing Renaissance
So, how does this affect equipment dealers? Well, the average facility will require capital expenditures of $7.45 million. And with a focus on the right industries with the right mix of solutions and payment options, manufacturer investments in new facilities could mean an influx of sales opportunities for you.
From our survey of over 800 firms planning, starting, or completing an expansion, here are the equipment sales sectors that stand to benefit most from this trend:
Software, IT Services,& IT Hardware
Construction & Construction Materials
Packaging & Printing Technologies
Material Handling
Machine Tools
91%
88%
69%
71%
74%
Many of these investments will happen in the next 24 to 36 months, and due to their mission-critical nature, they’re unlikely to be negatively affected by economic headwinds. But affordability will still be top of mind as these growing businesses look for the most cost-efficient way to get the equipment they need.
Capture These New Sales Opportunities With LEAF
LEAF Can Help
When customer budgets are tight but capital expansion is required, affordability is key to winning their business. LEAF can help you build a finance program to take advantage of this trend and power bigger sales that close faster. To get started, get in touch with your LEAF Account Champion today.
Terms and Conditions: All applications are subject to credit approval. LEAF finances equipment only for business purposes and not for personal, family, or household use.
Packaging & Printing Technologies
69%
*The percentages above indicate what percent of the industry is benefiting the most from this trend.
*The percentages above indicate what percent of the industry is benefiting the most from this trend.