Demand for industrial hygiene services has increased due to a rebounding industrial and manufacturing sector.
Los Angeles, CA (PRWEB) July 29, 2014
The buyer power score for industrial hygiene services is 3.3 out of 5, indicating moderately strong buyer power. “Buyers benefit from slow price growth, low price volatility and low market share concentration; however, buyer power is negatively affected by the low availability of substitutes,” according to IBISWorld business research analyst Deonta Smith. In the three years to 2014, the price of industrial hygiene services is expected to grow. As demand for industrial hygiene services is forecast to grow in the next three years, prices are anticipated to increase, with only slight fluctuations. This modest and steady price growth gives buyers the confidence to procure these services without the risk of experiencing unprecedented price hikes.
Buyers primarily benefit from low market share concentration and minimal price volatility. The low market share concentration gives buyers the ability to find the most cost-efficient provider to meet their needs. “Further, service providers often join directories or networks that allow buyers to more easily sort through potential industrial hygiene experts,” says Smith. Alternatively, buyers lacking in time and resources can pay an additional fee to employ industrial hygiene consultation services from a large corporation like AECOM Technology Corporation or CH2M Hill.
Several factors work against buyers of industrial hygiene services, though. For example, the lack of substitutes narrows the buyer's scope of possibilities. However, if a buyer is not satisfied with the firm that serves their operating sector, procuring services from a larger firm with greater economies of scope may be a more beneficial option. Leaning toward a larger operator can help buyers obtain leverage by creating competition during the negotiation process. For more information, visit IBISWorld’s Industrial Hygiene Services procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of industrial hygiene and environmental safety services. Operators provide buyers with worksite assessments with the intention of providing a safe and environmentally healthy workplace. Vendors identify potential problems, measure and evaluate risks, and recommend safe solutions. Staff may include scientists, engineers and other technicians.
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.