The price of embossing machinery has grown during the three years to 2013 due to the slow growth of external demand drivers, such as number of businesses, after the recession.
Los Angeles, CA (PRWEB) April 12, 2014
Embossing machinery has a buyer power score of 3.6 out of 5. A score of 1 signifies low buyer power and a score of 5 demonstrates high buyer power. “This healthy score reflects a buyer's ability to negotiate lower prices, largely due to the high number of suppliers in the market,” says IBISWorld procurement analyst Jordan Weinstein. However, recent demand growth has slightly reduced buyer power.
In the three years to 2013, conditions were favorable to buyers of embossing machines despite growth in suppliers' input costs. Pricing for key materials such as plastic, aluminum and rubber increased, but the higher costs were not passed off to buyers because of weak demand and suppliers' fear of losing customers. “However, the price for embossing machinery is forecast to grow slightly in the three years to 2016,” says Weinstein. As the economy continues to recover over the next three years, the number of business, corporate profit and per capita disposable income, which all drive demand for embossing machinery, are expected to rise at healthy rates. Fortunately for buyers, booming demand will be mixed with slower growing input costs, and therefore will not result in substantial price increases.
Low market share concentration and high competition among embossing machinery suppliers aid buyer power. In fact, the large number of suppliers and the extremely low switching costs for buyers magnifies competition within the market. Furthermore, the commoditized nature of embossers has led to many suppliers capable of satisfying specific requirements. These conditions are very favorable for buyers and offset some of the forecast price increases, as competition limits volatile increases. Major suppliers include Staples, Office Depot, Amazon.com and Quill Lincolnshire Inc.
For more information, visit IBISWorld’s Embossing Machines procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to help buyers of embossing machinery make informed purchasing decisions. This report will focus on desktop embossers used in a professional setting to emboss items such as letterheads, business cards, envelopes and stationery. Embossing is the process of using male and female etched dies and heat to raise or push letters or a design above the surface to create a three dimensional effect. Commonly embossed items are Braille lettering, notarized documents, letterheads, business and stationery cards, and leather goods. This report does not include engraving or printing, or discuss industrial embossing equipment used to make coin currency, credit cards or license plates.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Buying Lead Time
Key RFP Elements
Buyer Power Factors
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IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorld’s procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.