Binding & Lamination Machines Procurement Category Market Research Report from IBISWorld has Been Updated

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Market conditions for buyers of binding and lamination machines are favorable due to very low price growth with low volatility, a high degree of substitutes, very little product specialization and low switching costs; however, the market's medium degree of market share concentration and a moderate degree of risk among vendors and within the supply chain decrease buyer power. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has updated a report on the procurement of Binding & Lamination Machines in its growing collection of procurement category market research reports.

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Prices rose slightly in recent years due to a rebound in investment in equipment and machinery following the recession, but increased use of digital alternatives over paper documents mitigated demand growth, keeping prices fairly stable

Binding and lamination machines have a buyer power score of 4.0 out of 5, reflecting favorable market conditions for buyers. Manufacturers sell binding, laminating, and other document preparation equipment and related products to wholesalers and distributors, retailers, government agencies and directly to large end users,” according to IBISWorld business research analyst Michelle Hovanetz. Fellowes, Acco Brands Corporation (owner of the GBC and Swingline brands) and Spiral Binding Corporation are among the largest binding and lamination machine manufacturers. Factors increasing buyer power include very low price growth with low volatility, a high degree of substitutes, very little product specialization and low switching costs. However, the market's medium degree of market share concentration and a moderate degree of risk among vendors and within the supply chain decrease buyer power.

Binding and lamination machines have a high degree of substitutes in the form of outsourced binding and lamination services. These services offer a simple, convenient way to bind and laminate business documents on an as-needed basis without the expense, upkeep or training needed for in-office binding or laminating. Nearly all binding or laminating machines of the same type offer similar features and end results, boosting competition among suppliers in the market. Low levels of standardization contribute to very low switching costs among suppliers. Binding and laminating accessories, such as spines and laminating film, are standardized, and they can be used across similar machine models from all manufacturers. As such, buyers that are unhappy with one supplier can move to another with little additional effort or cost beyond that of the new machine.

The aforementioned factors, combined with declining demand, have kept downward pressure on market prices. In the three years to 2014, the price of binding and lamination machines has been rising very slowly and is expected to continue this trend in the three years to 2017. Gradual growth rates are attributed to the rising use of the internet to disseminate information, rather than the use of physical documents. Relatively flat price trends benefit buyer power.

Moreover, declining demand has led to consolidation within the market. “The number of market suppliers has decreased during the past three years, keeping prices from dropping significantly. On average, vendor financial risk is moderate, and suppliers are exposed to a moderate degree of supply chain risk along with falling profit margins,” Hovanetz says. All of these factors have had a slightly negative effect on buyer power. For more information, visit IBISWorld’s Binding & Lamination Machines procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of binding and lamination machines for business use. Binding machines include plastic comb, wire and thermal binders that bind individual sheets of paper together. Lamination machines include pouch and roll laminators that protect printed documents with a protective film coating. Binding and lamination machines are supplied by manufacturers, wholesalers and office retailers for use primarily in business documentation preparation.

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
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
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 or call 1-800-330-3772.

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Gavin Smith
IBISWorld Inc.
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