High-visibility uniform prices are expected to rise on the back of the rebounding construction sector in the three years to 2014
Los Angeles, CA (PRWEB) July 04, 2014
High-visibility uniforms have a buyer power score of 3.3 out of 5. According to IBISWorld analyst Deonta Smith, this score signifies that buyers in the high-visibility uniform market have a medium level of negotiating power. Buyer power is positively influenced by low market share concentration and a low level of product specialization, and negatively affected by the low availability of substitutes.
Major vendors in this market include 3M Company, Blauer Manufacturing Co. Inc. and Carhartt Inc. Because many vendors operate on a national level, buyers have access to a number of wholesalers and manufacturers that best suit their needs; this wide selection increases buyer power, continues Smith. While wholesalers make up the majority of suppliers, manufacturers have gained significant market share by expanding their reach through offering a greater selection of high-visibility garments. This move is effectively increasing the buyer's options.
A further impetus for buyer power is the low level of specialization of high-visibility uniforms. The low level of product specialization benefits buyers because it widens the supplier base and generates greater competition among operators; subsequently, greater price competition generally leads to more favorable product prices. Buyers seeking more specialized products (e.g. garments with heat resistant capabilities) have a limited choice of suppliers, because not all suppliers have the scope and capacity to customize orders based on the individual buyer's needs.
Conversely, the lack of substitutes for high-visibility uniforms narrows the buyer's scope of possibilities. The lack of substitute products indicates that demand for these products is inelastic, forcing buyers to accept the prevailing market price. For more information, visit IBISWorld’s High-Visibility Uniforms procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of high-visibility uniforms. High-visibility uniforms (including individual garments such as vests and retroreflective pants used to provide worker visibility while on the job) are worn by a wide range of users, such as airport ramp agents, road construction workers, utility maintenance workers, survey crews, fire fighters, emergency responders and law enforcement officers. These garments are typically sold through safety apparel manufacturers and wholesalers.
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.