The average price for embossing machines is forecast to continue rising over the three years to 2017 as the cost of production increases and demand continues to rise.
Los Angeles, CA (PRWEB) December 18, 2014
Embossing machines have a buyer power score of 3.3 out of 5.0. This score reflects a buyer's moderate ability to negotiate lower prices due to the high number of suppliers and standardized nature of embossers. However, recent demand growth and price fluctuations for key inputs during the past three years have slightly reduced buyer negotiating power. “In the three years to 2014, the average price of embossing machines has grown due to a rise in demand,” says IBISWorld procurement analyst Jordan Weinstein. “Specifically, rising corporate profit, the number of business and per capita disposable income are driving more buyers to purchase these machines.” The growth in these factors has been due to the recovering economy. The price for embossing machinery is forecast to grow slightly faster in the three years to 2017. In addition to rising demand over the period, Suppliers are expected to experience price increases for their key inputs, including aluminum, plastic and rubber. As a result, the selling price for embossing machines will increase as suppliers pass on a portion of their increased input costs to buyers.
Fortunately for buyers, the rise in demand for embossing machines and price growth for some key inputs will not lead to substantial price growth in the years to come. “Because suppliers face pricing pressure due to heavy competition, suppliers that drastically raise prices as demand increases will lose clients to those vendors offering the same standardized products at a lower price,” adds Weinstein.
Price aside, the low market share concentration and high competition among embossing machinery suppliers aid buyer power. In fact, the large number of suppliers and the extremely low switching costs for buyers magnifies competition within the market. Furthermore, the commoditized nature of embossers means there are many suppliers capable of satisfying specific buyer requirements. These conditions are very favorable for buyers and offset some of the forecast price increases. For more information, visit IBISWorld’s Embossing Machines procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to help buyers of embossing machinery make informed purchasing decisions. This report will focus on desktop embossers used in a professional setting to emboss items such as letterheads, business cards, envelopes and stationery. Embossing is the process of using force with male and female etched dies to raise or push letters or a design onto a surface to create a three dimensional effect. Commonly embossed items are Braille lettering, notarized documents, letterheads, business and stationery cards, and leather goods. This report does not include engraving or printing, or discuss industrial embossing equipment used to make coin currency, credit cards or license plates.
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.