Floor Laying Services Procurement Category Market Research Report Now Available from IBISWorld

Prices displayed moderate growth over the past three years due to a surge in demand for nonresidential construction services; because corporate profit margins grew strongly during the period, companies had access to larger expenditure budgets. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has added a report on the procurement of Floor Laying Services to its growing collection of procurement category market research reports.

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IBISWorld industry market research
Prices are forecast to grow strongly in the next three years due to continued recovery in the nonresidential construction market and corporate profit margin growth; businesses will be keen to expand and renovate during the period

Los Angeles, CA (PRWEB) April 30, 2014

Floor laying services have a buyer power score of 3.3 out of 5, which implies that buyers have some leverage during the negotiation process. The moderate degree of purchasing power is the result of the fragmentation of the market. Only 0.4% of suppliers, including Spectra Contract Flooring, employ more than 100 people. To this end, buyers can pit suppliers against one another during the selection process to get the best prices. However, as the economy emerged from the recession, businesses began expanding their operations and renovating their premises. “These changes led to a surge in demand for nonresidential construction services and, thus, a rise in flooring installation prices,” says IBISWorld procurement analyst Kiera Outlaw.

As of 2013, a large majority of floor laying services suppliers employ fewer than 10 people, indicating a low level of concentration in the market. The large pool of suppliers indicates that buyers have a plethora of options to choose from when it comes to flooring installation service providers. However, the market also displays a low level of profitability in 2013. These factors offset a buyer's degree of purchasing power. “The large pool of suppliers allows buyers to pit suppliers against one another,” adds Outlaw. “On the other hand, the low level of profitability suggests that price differences among suppliers are not significant.”

Further eroding buyer negotiation power is the steady, moderate growth in flooring installation prices. This growth is largely the result of a surge in nonresidential construction activity following the recession. Private nonresidential construction increased in the three years to 2013. During the period, businesses experienced a return to greater discretionary expenditure budgets, which spurred installation demand and price growth. For more information, visit IBISWorld’s Floor Laying Services procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of floor laying services. Contractors install a variety of flooring, including resilient flooring, vinyl floor tile and sheet, wood flooring and carpet laying services. This report excludes other carpentry services such as door installation and roofing and siding services, as well as foundation laying.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics

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.


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    IBISWorld Inc.
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