Power boiler prices are forecast to rise in the next three years as the cost of production increases and demand grows
Los Angeles, CA (PRWEB) March 12, 2015
Power boilers have a buyer power score of 3.7 out of 5. This score reflects buyers' moderate negotiating advantages, which are largely due to the product's widespread availability and the price-competitive nature of the power boiler market. "However," according to IBISWorld market research analyst, Jordan Weinstein, "recent demand growth and price fluctuations for key inputs, such as aluminum and steel, have slightly restrained buyer negotiating power."
Buyers benefit from the widespread availability of power boilers and strong competition in the market. "IBISWorld estimates that there are about 1,565 vendors operating in the boiler market in 2014, which is a healthy number of capable suppliers to satisfy most buyers' needs," says Weinstein. Major vendors in the market include Bosch, Bryant, Carrier and Lennox.
As the economy recovered in the three years to 2014, demand for heating, ventilation and air-conditioning (HVAC) equipment, including power boilers, mounted, and pushed up prices. Although aluminum and steel input costs fell during the three years to 2014, they are forecast to rise during the next three years. As demand continues to rise, suppliers will be able to pass these increased input costs on to buyers in the form of higher prices for power boilers.
Fortunately for buyers, the rise in demand and input costs for power boilers will not lead to drastic price increases. Anticipated growth in imports will allow buyers to purchase lower-priced machinery from abroad, putting additional pricing pressure on domestic suppliers. As import penetration boosts competition, suppliers that drastically raise prices will risk loseing clients to vendors offering the same products at lower price. For more information, visit IBISWorld’s Power Boilers procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of power boilers. Power boilers are closed vessels in which water or other fluids are heated for use in applications and heating processes. Fire-tube boilers and water-tube boilers are the two main types of power boilers. Heat exchangers are not included in this report.
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.