Sign Making Equipment List: Complete Guide to Essential Tools & Costs
A sign making equipment list includes printers, cutters, software, and finishing tools essential for producing quality signs. Choosing the right devices depends on the sign type and materials used. Start by identifying the core equipment needed for your primary sign products to ensure efficient workflows and professional results.
Key Takeaways
- Select printers like Epson’s SureColor S9170 for wide-format solvent printing up to 64 inches.
- Use the Ink Star Film Solution for creating high-quality film negatives in photopolymer sign making.
- Compare CNC routers and laser cutters based on material type and cutting precision requirements.
- Integrate software designed for sign production to streamline design and file preparation processes.
- Invest in finishing tools such as the HT1 Channel Letter Bending Machine for assembling aluminum channel letters.
- Store materials safely to avoid damage and maintain workspace organization in busy sign shops.
Complete List of Essential Sign Making Equipment

Essential sign making equipment covers a full range of machines and tools for cutting, printing, and finishing signs made from vinyl, wood, metal, acrylic, and other materials. You’ll start with cutting tools like vinyl cutters and plotters for decals and graphic letters. These devices precisely trim adhesive vinyl or heat-transfer vinyl, offering clean edges important for lettering and intricate graphics. Vinyl cutters typically range from $1,000 to $4,000, depending on width and features, making them a practical first purchase for startups.
For larger prints like banners or full-color signage, a wide-format printer paired with a laminator is key. Wide-format printers handle PVC banners, vinyl films, and backlit materials, producing high-resolution images that stand out outdoors. Laminators add durability and weather resistance by applying protective layers. These printer-laminator combos can start around $10,000 and go up to $50,000 based on print width and ink technology, so select based on your most frequent sign sizes.
Rigid sign materials demand more specialized equipment, such as UV flatbed printers capable of direct printing on panels like acrylic, wood, or metal composites. These printers achieve sharp detail and vibrant colours without the need for additional film substrates, supporting signs like ADA photopolymer labels or architectural plaques. Expect these units to cost from $20,000 and beyond, justified by their versatility across materials.
In the cutting department, laser cutters provide unmatched precision for both engraving and cutting diverse substrates including metal, plastic, and wood. CO2 laser machines are especially popular for cutting non-metal materials, while fiber lasers tackle metal cutting tasks. Prices and types vary widely; simpler CO2 systems start near $5,000, while industrial laser cutters for metals might cost $50,000 or more. Choosing the right laser depends heavily on the materials you work with and the desired edge quality.
- Vinyl cutters/plotters for stickers, decals, and lettering
- Wide-format printers plus laminators for banners and graphic signage
- UV flatbed printers for rigid panels including acrylic and wood
- CO2 and fiber laser cutters for versatile and precise cutting and engraving
- CNC routers for 3D letters, channel letters, and wood carving
- Ink Star Film Solution (24″ x 100′) for film negatives in screen printing and photopolymer signs
- Bending and welding equipment for metal channel letters and durable fabrications
CNC routers carve dimensional signs, wood letters, and detailed channel letters, offering high repeatability with setups priced from $8,000 upward. The Ink Star Film Solution supports sign shops producing photopolymer ADA signs by creating accurate film negatives, essential for compliance and quality. Metal work often requires additional bending or welding tools to finish channel letters or structural elements safely and professionally.
Select your equipment based on the signs you make regularly. Start with machines that fit your weekly output and materials, then upgrade to specialized devices for occasional or complex jobs. This approach helps manage costs and ensures your shop stays efficient without investing in unnecessary gear.
Choosing the Right Printer for Your Sign Types

Choosing the right printer depends on the types of signs you plan to make, the materials you’ll use, and your volume of production. Printers vary by the inks they use, the materials they handle, and their maximum print width, which impacts the size of signs you can produce in-house. Matching a printer’s capabilities to your products helps maintain quality and control costs.
Solvent and Eco-Solvent Printers
Solvent and eco-solvent printers are popular for producing outdoor signs on vinyl, banners, and vehicle graphics. These printers use inks that resist fading and weather, making them ideal for long-lasting signage exposed to sunlight and rain. Eco-solvent inks offer lower toxicity and fewer environmental concerns, often preferred by small sign shops for indoor and outdoor uses.
Common solvent printers range from 24 to 64 inches wide, like the Epson SureColor S9170 which is 64 inches wide and priced around $30,000. Larger print widths accommodate wider banners and mural-sized graphics. The rollout also demands a laminator to protect printed vinyl on outdoor signs.
UV Flatbed Printers
UV flatbed printers differ by printing directly onto rigid materials such as corrugated plastic, aluminum composite, acrylic, and wood panels. They cure the ink with ultraviolet light, so prints dry instantly and bond tightly to the surface. This makes UV flatbeds excellent for yard signs, rigid panels, and architectural signs that require durability without extra lamination or mounting steps.
The size of the flatbed influences production capability, with popular machines accepting 4 x 8-foot sheets, the same size as standard metal panels, allowing you to print full sign faces in one pass. Though initially expensive, UV flatbed printers save time by eliminating mounting and lamination.
Printer-Cutter Combos
Printer-cutter combos combine printing and cutting functions in one unit and are particularly useful for stickers, decals, and printed vinyl graphics cut to shape. These compact machines usually handle materials up to 20 to 48 inches wide and work well for smaller orders or shops producing custom labels and vehicle graphics.
Units like the Roland BN2-20A ($7,495) and the Roland TrueVIS VG4-64 fit this category. They are practical if you produce printed decals regularly and want streamlined workflow without separate cutting and printing equipment. For cutting only vinyl lettering or stencils, a dedicated vinyl cutter like the Graphtec CE8000-60 ($1,995) can be more cost-effective if you don’t print.
| Machine Type | Typical Applications | Example Models and Price | Buy When |
|---|---|---|---|
| Vinyl Cutter | Cut lettering, window & vehicle graphics, stencils | The Graphtec CE8000-60 features a 24-inch width and costs $1,995; the Summa S One D120 measure spans 48 inches. | You cut vinyl every week |
| Print-and-Cut Printer | Stickers, decals, printed vinyl cut-to-shape | The Roland BN2-20A is a 20-inch desktop model priced at $7,495; the Roland TrueVIS VG4-64 offers a wider format option. | You sell printed decals or labels |
| Roll-to-Roll Printer | Banners, printed vinyl, wall and window graphics | PrismJET 54 package $9,995 | You need banner and large vinyl printing |
| UV Flatbed Printer | Rigid panels, corrugated plastic yard signs, acrylic | Wide format (up to 4 x 8 ft sheets), varies ($65,000+) | You produce many rigid signs and want fast production |
Knowing what your primary sign materials are greatly affects your choice. Vinyl and banners are suited to solvent or eco-solvent roll-to-roll printers paired with laminators. Rigid yard signs on corrugated plastic require a UV flatbed or a printing plus mounting process using roll-to-roll printers. For labels and decals, print-and-cut combos save space and time.
Tip: Don’t invest in a large-format printer if your printed projects take under two hours weekly; outsourcing to trade printers may cost less and free your shop from complex maintenance.
Cutting Technologies: CNC Routers vs Laser Cutters
CNC routers and laser cutters are key cutting technologies in sign making, each suited for different materials and project requirements. CNC routers excel with thicker, rigid materials and bulk cutting, while CO₂ laser cutters handle thinner sheets requiring fine detail. Choosing between them depends on your material types, precision needs, speed, and budget.
Applications for CNC Routers
CNC routers carve and cut solid materials including PVC, acrylic, ACM panels, MDF, and wood. These machines handle thicker, denser materials effectively, producing deep cuts or shaped designs such as dimensional signs and routed letters. Their large work areas suit bigger projects like panels and architectural signs where size is important.
Costs range widely depending on size and features, starting around $3,800 for compact models up to $65,995 or more for industrial systems. These machines handle standard fabrication jobs reliably, but require operator skill and regular maintenance for spindle bits and mechanical parts. Cutting speed depends on material thickness but typically they run slower than lasers for thin sheets.
Industrial CO2 Laser Cutters
CO₂ laser cutters deliver high precision and fine engraving on thin or medium thickness materials like acrylic, wood, and MDF. They produce clean edges with minimal post-processing, making them great for decorative signs, personalized plaques, logos, and small-batch production. Their cutting and engraving finesse makes them suited for delicate detail work that routers struggle with.
Price points for CO₂ laser cutters start as low as $2,999 and can go up to around $8,367 for advanced models such as the Desktop CO2 Laser 7050. Their operating costs include laser tube replacement every 1,000 to 2,000 hours and careful ventilation for fumes. CO₂ lasers are less effective on thick or hard materials but excel at cutting thin sheets efficiently.
When to Use Hybrid Setups
Many sign shops combine both CNC routers and CO₂ laser cutters to cover a wider range of materials and jobs. Use a router for heavy-duty cutting and shaping of thick panels or dimensional signs, while a laser cutter handles detailed engraving and fine cuts on thinner materials. Adding a laser after your trade volume passes breakeven can improve variety without replacing your router.
Choosing between equipment also depends on your job mix, operator time, materials handled, and maintenance overhead. Larger shops producing channel letters or metal signs may add fiber lasers for precision metal cutting, but for most sign makers combining a CNC router and a CO₂ laser covers the most common fabrication needs efficiently.
| Feature | CNC Router | CO₂ Laser Cutter |
|---|---|---|
| Suitable Materials | PVC, Acrylic, ACM Panels, MDF, Wood (thicker) | Acrylic, Wood, MDF (thinner), Non-metal materials |
| Precision | Good for cutting and carving shapes, less fine detail | High precision engraving and cutting, clean edges |
| Speed | Slower on thin sheets, better for bulk cutting thick materials | Fast on thin sheets, efficient for small batches |
| Typical Cost Range | $3,800 to $65,995+ | $2,999 to $8,367 |
| Maintenance | Spindle bits replacement, mechanical upkeep | Laser tube replacement (1,000, 2,000 hrs), ventilation |
| Ideal Jobs | Dimensional signs, routed letters, architectural panels | Engraving, personalized plaques, detailed logos |
Matching your equipment to your material and project needs prevents costly delays or compromises in quality. Consider your expected job types, how precise your cuts must be, and which materials you commonly use when deciding between or combining these cutting technologies.
Software and Design Tools for Sign Production
Choosing the right software is important for efficient sign production. Programs like Adobe Illustrator, CorelDRAW, and FlexiSIGN not only offer powerful design tools but also integrate printing and cutting workflows, which streamlines your production process and reduces errors. Pricing ranges widely, so selecting a solution depends on your shop’s size, specific needs, and budget.
Adobe Illustrator for Vector Design
Adobe Illustrator stands out as the industry standard for sign design, especially for vector graphics and typography. It supports precise, scalable artwork critical for clear, sharp signs. Illustrator handles complex layouts and text manipulation with ease, giving you control over every detail before printing or cutting.
While Illustrator provides excellent creative tools, it does not directly control printers or cutters. That means you typically need additional RIP software or driver programs to send designs to production devices. Despite this, many sign makers rely on Illustrator as their creative hub due to its versatility and integration with other Adobe Creative Cloud apps.
FlexiSIGN for End-to-End Workflow
FlexiSIGN provides a complete solution designed specifically for sign shops. It combines design, RIP, and cutting control in one package, allowing you to manage the entire workflow without switching programs. This integration can speed up production and reduce mistakes linked to transferring files between software.
The price for FlexiSIGN varies from $799 to $3,500 depending on the version and included features. Such an investment often makes sense for shops that want to centralize their workflow and handle large volumes efficiently. It supports vinyl cutting, contour cutting, and advanced color management, which are essential for professional sign production.
CorelDRAW in Sign Shops
CorelDRAW is a popular alternative with strong adoption in the sign industry. It offers a broad set of tools for illustration, layout, and photo editing, making it suitable for more complex sign designs that combine various elements. CorelDRAW’s interface is user-friendly, which helps reduce training time for new staff.
Unlike FlexiSIGN, CorelDRAW focuses on design, so you may need additional RIP tools to manage printing and cutting. Monthly subscriptions typically run around $40, making it a more affordable option for small to medium-sized shops. CorelDRAW also supports many imported and exported file formats, supporting flexible integration into different workflows.
| Software | Best For | Price | Notes |
|---|---|---|---|
| Adobe Illustrator | Vector design, typography | $55/month | Industry standard for design |
| CorelDRAW | Sign-specific design | $40/month | Strong sign industry adoption |
| FlexiSIGN | Complete sign shop workflow | $799, 3,500 one-time | RIP, design, cut in one |
Integrating software that suits your shop’s specific workflow affects production efficiency significantly. Using applications tailored for sign making reduces file transfer errors and speeds up the production timeline. Choosing the right software also impacts training requirements and long-term costs. For example, shops that print and cut large volumes regularly benefit from FlexiSIGN’s all-in-one control, whereas smaller shops focusing on detailed graphic design may find Adobe Illustrator or CorelDRAW more flexible and cost-effective alternatives.
Finishing and Assembly Tools You Can’t Miss
To improve sign durability, laminators are essential for applying protective films that shield graphics from UV rays, moisture, and scratches. Cold or hot roll laminators work well for vinyl and printed signs, with typical temperature settings of 90-110°F (32-43°C) for wet laminating and speeds from 3 to 10 feet per minute depending on materials. Good lamination reduces fading and extends outdoor life by several years, but improper tension or heat settings can cause bubbling or wrinkles.
Heat guns are versatile tools in finishing tasks, especially for post-processing vinyl wraps, smoothing edges, and curing certain coatings. Set heat guns to around 600°F (315°C) for vinyl work but avoid prolonged exposure to prevent warping or discoloration. They also assist in bending acrylic or plastic used in channel letter faces, helping to form clean curves and sharp edges.
Assembly kits designed for LED and channel letter production streamline wiring, mounting, and face installation. Kits often include screwdrivers, wire strippers, silicone adhesives, and mounting clips. A channel letter bending machine is critical when making 3D letters in-house, enabling you to bend aluminum returns accurately. The HT1 Channel Letter Bending Machine, paired with a GSB-01 Sign Builder Kit, offers a complete workflow from bending to final assembly, typically costing several thousand dollars but saving time and improving precision.
Ensuring quality and weatherproofing means setting up dedicated assembly workstations with proper lighting and clean surfaces. Use ultrasonic cleaners for LED module maintenance to prevent voltage drops due to dirt in connectors. Inspect finished signs under natural light and simulate outdoor conditions when possible. Sealing edges with silicone or special weatherproof sealants improves water resistance. Simple checks include pulling gently on graphic edges to confirm adhesion and testing illumination evenly across LED modules.
- Laminators for protective film application, $1,000, 5,000
- Heat guns for vinyl shrinking and plastic shaping, $50, 200
- Channel letter bending machines for forming aluminum returns, thousands of dollars
- LED assembly kits with wiring tools and adhesives, $500, 2,000 workstations
- Ultrasonic cleaners to maintain LED module connections, $100, 300
- Sealing products like silicone for weatherproof edges
- Inspection stations with strong daylight and magnification
Test your lamination settings on scrap material before running a full batch to prevent costly errors like bubbles and warping.
For LED and channel letter signs, meeting local electrical codes is necessary, especially for electric signs in the US where NEC 600.3 applies. Keep documentation ready for listings and certifications during assembly. Weatherproof finishing not only involves physical sealing but also correct LED placement inside channel letters to ensure consistent brightness and longevity.
Material Storage and Safe Handling Practices
Proper storage and handling of sign materials like acrylic, vinyl, and aluminum helps maintain their quality and ensures a safe workplace. Acrylic sheets should be stored vertically on a sheet material rack designed for flat panels to avoid warping and scratches. The rack typically costs between $200 and $1,000 depending on size and features. Avoid stacking acrylic horizontally or placing heavy items on top to prevent cracks or surface damage.
Vinyl rolls require a stable, clean, dust-free environment to prevent adhesive breakdown and contamination. Store vinyl upright on a spindle or shelf, shielded from direct sunlight and extreme temperatures. The ideal storage temperature ranges from 60°F to 80°F with relative humidity between 40% and 60% to preserve flexibility and tackiness of adhesives. A filament dry box costing $100 to $400 can control moisture to below 0.04%, avoiding vinyl curling or adhesive failure.
Aluminum sheets and panels benefit from climate-controlled storage, especially in humid or coastal areas. Corrosion or oxidation can occur if aluminum is exposed to moisture and pollutants. Keeping aluminum indoors at temperatures between 60°F and 75°F with humidity under 50% extends lifespan and reduces surface cleaning needs.
Handling hazardous materials such as solvents, paints, and adhesives calls for strict safety measures. Always store these in a dedicated, well-ventilated area equipped with fire-resistant cabinets. Use personal protective equipment (PPE) like gloves and respirators during handling, and replace containers when labels degrade. Having a clear safety equipment station ensures easy access to eye wash stations and spill kits.
- Store acrylic vertically on racks to avoid warping.
- Keep vinyl rolls in a dry, temperature-controlled area around 60-80°F and 40-60% humidity.
- Use climate-controlled storage ($500-$2,000) for aluminum in humid environments.
- Separate hazardous materials in fire-resistant cabinets with proper ventilation.
- Always wear appropriate PPE such as gloves and respirators with chemicals.
- Maintain a dedicated safety equipment area with spill kits and eye wash stations.
- Check storage conditions regularly with tools like temperature guns ($30-$100).
Climate affects how materials perform and last. Extreme heat can soften acrylic causing warping, whereas excessive cold makes it brittle. Vinyl exposed to sunlight or high heat for long periods loses adhesion and fades colors. Aluminum resists corrosion but remains vulnerable to humidity and salt in the air. Monitoring storage environments using temperature and humidity gauges is a practical step to prevent degradation and costly material replacements.
Good material storage and handling require upfront investment in racks, climate control, and safety equipment, but this pays off by reducing waste and downtime. Signs produced with materials kept in optimal conditions show fewer defects, maintain vibrant colours, and require less reworking, ultimately saving time and money.
Budgeting and Cost Factors for Sign Making Equipment
Typical sign making equipment costs vary widely depending on the type, brand, and capabilities you need. Entry-level vinyl cutters can start around $1,000, while large-format printers can range from $5,000 to over $50,000. CNC routers and laser cutters usually cost between $10,000 and $30,000 depending on size and precision. Additional costs include software licenses, workspace setup, and materials. Equipment pricing reflects technology quality, throughput capacity, brand reputation, and supported materials, all of which affect your potential return on investment (ROI).
Cost factors also include upgrades, maintenance, and consumables usage. High-volume shops benefit from higher-end machinery that speeds production and minimizes errors, whereas startups may prioritize affordable, versatile tools. Capital expenses can be offset through tax incentives such as the Section 179 deduction. For tax years beginning in 2026, you can deduct up to $2,560,000 spent on qualifying equipment, which encourages reinvestment but phases out above $4,090,000 invested annually.
The decision to buy or lease depends on your shop’s cash flow, tax situation, and growth strategy. Buying equipment is a longer-term investment and allows you to take full advantage of tax deductions. Leasing lowers upfront costs and can offer flexible upgrades but may increase your total expense. Startups often benefit from leasing to test equipment before committing, while established shops with predictable workflows typically choose to buy for better ROI. Leasing contracts may also include service and maintenance, which reduces downtime risk. Here is an approximate breakdown of key sign making equipment costs to help you budget:
| Equipment Type | Typical Cost Range | Key Cost Drivers |
|---|---|---|
| Vinyl Cutter | $1,000 – $5,000 | Cutting width, brand, precision |
| Large-Format Printer | $5,000 – $50,000+ | Print size, color capability, speed, ink type |
| CNC Router | $10,000 – $30,000 | Size, spindle power, software compatibility |
| Laser Cutter | $10,000 – $30,000 | Laser wattage, bed size, precision |
| Design Software License | $500 – $2,000/year | Features, updates, user seats |
For example, a startup buying a vinyl cutter for $3,000, a mid-range large-format printer at $15,000, and software for $1,200 annually will spend roughly $19,200 upfront plus ongoing software and material costs. Leasing similar equipment might require only a few hundred dollars per month but includes service fees. If your annual revenue supports the investment, purchasing maximizes tax deductions and long-term value.
Budget realistically for both equipment and supplies. Delaying necessary purchases to save money often lowers quality or capacity, hurting growth. Allocate funds for maintenance and training to avoid costly downtime. Tax incentives like Section 179 reduce your net cost significantly but check with a tax professional to ensure eligibility based on your shop’s financials and equipment use.
Scaling Your Equipment Setup by Business Size and Focus
Starting a sign making business means choosing the right equipment for your current scale and products. Small shops or hobbyists typically need core tools like a vinyl cutter, a mid-range printer, and basic finishing tools. A hobby-class router costing about $3,800 can handle most jobs for this setup. As your orders increase, you’ll want to invest in higher-end equipment with larger beds and faster spindles, like an industrial router priced around $66,000, which can cut full-sheet sizes and offer vacuum table support.
Expanding your equipment should follow your demand growth timeline. In the first year, focus on mastering your core equipment and building steady sales. Once you hit capacity limits or want to offer new product types, add specialty machines that fit your niche. For instance, shops focusing on large-format outdoor signs might invest in wide-format UV printers or CNC routers with longer beds. Niche producers of 3D signs could consider industrial 3D printers, which have become a disruptive technology in the industry since 2025.
Specialty machines allow you to produce unique products and command higher prices but often require a higher upfront investment and operator skill. All equipment decisions should balance cost, space, maintenance, and training needed. Expanding gradually reduces risk and lets you adapt to customer needs. The following checklist can help you scale your equipment setup strategically:
- Start with a vinyl cutter, mid-range printer, and hobby-class router for a small shop or hobby use
- Add an industrial router and wide-format printer when handling larger sheets or higher volumes
- Consider laser cutters or CNC routers with vacuum tables for precision and complex cuts in mid to large shops
- Include industrial 3D printers if producing dimensional or layered signs becomes a focus
- Expand finishing tools and assembly aids to speed up production as order volume grows
- Invest in material handling and storage that scales with your space and sign sizes
- Plan equipment upgrades within a 1 to 3 year timeline based on demand and cash flow
Always evaluate your daily workflow and maximum job sizes to decide when to upgrade; buying oversized equipment too early can tie up valuable capital and space.
Choosing correctly from the start and scaling thoughtfully ensures you won’t outgrow your setup too quickly or face bottlenecks in production. Matching equipment investments to your target products and customers supports steady growth from hobbyist projects to a full-fledged industrial sign production shop.
Your First 30 Days: A Quick-Start Plan
Start your sign making business or upgrade your setup with focused steps to get equipment in place and workflows running smoothly.
- Day 1: List your top sign types and volumes to determine printer and cutter needs. Success means a clear profile of your main products.
- Week 1: Choose a printer that fits your sign formats and material compatibility. Order samples or demos to confirm print quality.
- Week 2: Select cutting technology, CNC router for thick materials or laser cutter for precision, and schedule demonstrations. Confirm it handles your key substrates.
- Week 3: Acquire essential finishing and assembly tools based on your sign styles. Test them on practice projects to check ease of use.
- Week 4: Set up secure material storage with proper safety features. Inventory materials and check for damage or waste reduction.
- After 1 Month: Review costs against your budget and adjust future equipment purchases accordingly. Track expenses and savings for informed decisions.
Frequently Asked Questions
What Are Some Essential Items Not Usually Listed in Standard Sign Making Equipment Lists?
Specialized items like the Ink Star Film Solution are critical for photopolymer and screen printing but might not appear on every general equipment list. They improve quality for specific sign types and are worth adding based on your product focus.
How Can I Select Sign Making Equipment That Grows with My Business?
Start with equipment matched to your core products and add versatile tools like CNC routers or laser cutters that can handle new projects. This approach keeps initial costs manageable and supports scaling without frequent overhauls.
What Factors Should I Consider When Buying Used Sign Making Machines?
Check the machine’s condition, service history, and compatibility with your software or materials. Used equipment can be a budget-friendly option but may require maintenance or upgrades that affect overall cost and efficiency.
Does Investing in High-Tech Equipment Like 3D Printers Significantly Boost Sign Shop Productivity?
3D printing can diversify product offerings and reduce some fabrication time, but it doesn’t replace all traditional tools. Use it to complement cutting or engraving, focusing on signs that benefit from 3D detail and customization.
How Important Is Ongoing Training for Operating Sign Making Equipment?
Training is essential to maximize your equipment’s efficiency and lifespan, ensuring quality output. Regular updates on software and safety procedures also keep your shop competitive and compliant with standards.
What Are Typical Maintenance Tasks for Sign Making Equipment to Avoid Downtime?
Regular cleaning, lubrication, software updates, and inspection of moving parts help prevent breakdowns. Setting a maintenance schedule based on manufacturer guidelines keeps machines running smoothly and extends their service life.
Key Points to Remember
Choosing and acquiring the right sign making equipment sets the foundation for your success. Take each step deliberately, focusing on matching tools to your business needs and sign types. Start today by reviewing your current capabilities and identifying your top priorities for equipment investment.