The price of commercial radiators has increased in line with rising demand
Los Angeles, CA (PRWEB) October 31, 2014
Commercial radiators have a buyer power score of 3.4 out of 5. This score reflects a buyer's moderate ability to negotiate lower prices due to the product's widespread availability and the price-competitive nature of the radiator market. However, according to IBISWorld research analyst Jordan Weinstein, “recent demand growth and price fluctuations for key inputs have slightly reduced buyer negotiating power.”
The price of commercial radiators has been increasing over the past three years, largely due to a rise in demand as the economy has improved, specifically in the industrial and automobile sectors. “Suppliers have also been experiencing rising input costs, such as those of aluminum, plastic materials and resin,” says Weinstein. “Consequently, as demand strengthens and suppliers pass increased input costs on to buyers, prices for commercial radiators are trending upward.”
Fortunately for buyers, the resulting price rises have been mild. And rising imports are allowing buyers to purchase less expensive machinery from abroad, which puts pricing pressure on domestic suppliers. As competition from imports grows, suppliers that drastically raise prices as demand rises will lose clients to those vendors offering the same products at a lower price. This is emphasized by the widespread availability of commercial radiators and strong competition in the market. IBISWorld estimates that there are more than 465 vendors, providing buyers with a healthy number of capable suppliers to satisfy specific buyer needs. For more information, visit IBISWorld’s Commercial Radiators procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of radiators. Radiators are heat exchangers used to transfer thermal energy from one medium to another for the purpose of cooling and heating. They are primarily used in vehicles, buildings and electronics. This report will not cover other HVAC equipment.
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
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.