Los Angeles, CA (PRWEB) April 21, 2014
The environmental planning services market has a buyer power score of 3.5, indicating a medium-high level of negotiating power for the buyer. Buyers benefit from stable prices, low market share concentration and a low risk of vendors becoming financially unstable. According to IBISWorld market research, factors that diminish buyers’ negotiating power include the low availability of substitute services and a high degree of specialization in this field.
Environmental planning is a relatively new service, having risen in prominence since the 1970s, when the National Environmental Protection Act was enacted. Today, there are more than 12,000 firms providing these services across the United States, according to IBISWorld. Popular services include ESAs, which evaluate the environmental liability level of property prior to its sale, and environmental impact assessments, which evaluate the environmental liability of a proposed project and proposed mitigations of that liability. Most environmental assessments are simple documents quantifying common concerns about a property, its history and its proposed use. These are relatively inexpensive; however, larger projects on sensitive land can provide challenging environmental dilemmas that require skilled thinkers, so these services come at a much greater cost. These technicalities can limit a buyer's negotiating power during the request for proposal (RFP) process. Because environmental assessments are often mandatory for a project, buyers have no choice but to contract out for this service or fulfill the need in-house.
That said, this growing field offers many options for buyers, with service providers competing strongly for their business, particularly on smaller projects. Market share concentration is low because most firms specialize in the unique challenges of their immediate geographical area. Small local firms are familiar with the area's topography and history and know the relevant business and government leaders they must work with to complete the project. For more information, visit IBISWorld’s Environmental Planning Services procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of environmental planning services. Providers assist buyers with environmental site assessments (ESAs), environmental impact reviews (EIRs) and reports, urban development, forest conservation, marine conservation, natural resources management and environmental institution building planning services. This report excludes environmental advisory, auditing, safety and decontamination services.
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About IBISWorld Inc.
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.