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Equipment leasing in Germany and Europe remains on the growth path

Author

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  • Arno Städtler

Abstract

According to the recent Ifo Investment Survey in Leasing, new business for equipment leasing increased by 2.1% in 2003 and by about 5% in 2004. Real estate leasing, however, declined by 16% in 2003 and by a fifth in 2004. Despite this negative trend in real-estate leasing, the leasing industry managed to increase its market share on the whole: The leasing ratio increased in 2003 to 18%, and to 18.6% in 2004. The equipment leasing quota reached a record level, climbing from 22.8 % to 24.2 %. In total, new business in leasing amounted to € 46.6 billion in 2003. For 2004 an increase of 1% to €47.1 billion is expected. Backed by the expected recovery in equipment investment in 2005, and especially by improved sales of automobiles, the leasing companies will remain on the growth path. As in the previous years, growth will be borne only by the equipment sector. Real-estate leasing will continue to decline noticeably in 2005 because of the slump in construction and also because of minimum taxation.

Suggested Citation

  • Arno Städtler, 2004. "Equipment leasing in Germany and Europe remains on the growth path," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(23), pages 26-36, December.
    • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:23:p:26-36
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    File URL: https://www.ifo.de/DocDL/ifosd_2004_23_3.pdf
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    References listed on IDEAS

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    1. Joachim Gürtler & Arno Städtler, 2004. "Leasing: Business climate yields clearly - regeneration of aggregate equipment investment is still down the road," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(22), pages 36-39, November.
    2. Annette Weichselberger, 2004. "West-German Industry: Companies plan to increase investments in 2004 by 3%," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(16), pages 30-35, August.
    3. Annette Weichselberger, 2004. "Western German manufacturing: Investment increase of 4% planned for 2004," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(01), pages 35-40, January.
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    Cited by:

    1. Joachim Gürtler & Arno Städtler, 2005. "Strong growth in leasing - more indications for in increase in investment activity," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(17), pages 21-24, September.
    2. Joachim Gürtler & Arno Städtler, 2005. "Leasing industry maintains its growth path, but equipment investment is still sluggish," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(04), pages 49-52, February.
    3. Joachim Gürtler & Arno Städtler, 2005. "Leasing: Cautious optimism but dynamism lacking in equipment investment," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 58(10), pages 29-32, May.

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    JEL classification:

    • L89 - Industrial Organization - - Industry Studies: Services - - - Other

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