ZPL: leasing market grew by 15.7% last year. Similar growth predicted for 2018

Poland's leasing market grew by 15.7 percent y/y to PLN 67.8 billion in 2017 and will grow by 15 percent this year, market lobby Związek Polskiego Leasingu (ZPL) said. This was a fourth consecutive year of double-digit growth. “This year will be a period of further growth in industrial production. Companies will have to invest in automation in the face of problems in the labor market, which will be correlated with the increase in the purchase of machines. In turn, transport companies should overcome concerns about regulatory risks, which is why we also expect growth in this market. Machine leasing should also grow as the sector is at 83 percent of its production capacity. Summing up these factors, we can assume that the leasing market will grow in 2018 by 15.1 percent. Acceleration of the use of EU funds from the financial perspective for 2014-2020 means that machine financing becomes the main driving force behind the development of the entire leasing industry,” Marcin Nieplowicz from ZPL said.