Over the three years to 2017, vacuum excavator prices are forecast to slightly increase due to rising input costs
Los Angeles, CA (PRWEB) October 24, 2014
Vacuum excavators have a buyer power score of 3.3 out of 5, which indicates moderate purchasing conditions for buyers. Vacuum excavators have different features and attachments used in sewage applications, construction, industrial manufacturing and clean up. This trend allows vendors to reach multiple downstream markets with multiline products. “Buyers benefit from this trend because it allows them to easily compare and customize vacuum excavators,” according to IBISWorld business research analyst, Cameron Roark.
Due to the high average price of vacuum excavators, it is difficult for buyers to switch vendors with ease. Once a vacuum excavator is purchased, vendors will typically provide training, customer service and repair services, but they will not offer to buy the vehicle back for the full price. Increasing demand and growing input costs hurt buyer power because they place upward pressure on prices.
However, not all factors in the market undermine buyer power. “The number of available substitutes encourages vendors to compete across markets, offsetting rising prices and encouraging vendors to provide quality products to attract new buyers,” says Roark. Additionally, high competition and a significant level of imports give buyers thousands of suppliers to choose from, providing flexibility in the selection process. Lastly, despite high price driver volatility, volatility in prices for vacuum excavators has been low. This factor has benefited buyers by making inventory planning and budget forecasting easier. Major vendors include PACCAR Inc., Vactor Manufacturing Inc. and Freightliner. For more information, visit IBISWorld’s Vacuum Excavators procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of vacuum excavators. Vacuum excavators are trucks equipped with heavy-duty vacuums that use suction to extract liquids, solids or sludge from sewers, tanks, roadways, excavation sites, drilling sites and other work areas. Vacuum excavators can filter a variety of liquids, clean up industrial sites, provide tanks of water for fracking or preserve underground structures during the excavation process. They can also contain and transport hazardous materials. Vacuum excavators are used by many downstream entities, including municipalities, industrial manufacturers, refiners, power generators, airports, harbors, sewage treatment facilities and chemical manufacturers. This report does not cover hydraulic excavators, used vacuum excavators or rentals.
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.