Low price volatility has aided buyer power for electroshock weapons
Los Angeles, CA (PRWEB) March 20, 2015
Electroshock weapons have a buyer power score of 3.5 out of 5, which reflects positive negotiation conditions for buyers resulting. Over the three years to 2015, pressure on law enforcement agencies to use nonlethal weapons, such as electroshock weapons, over firearms has been growing. In turn, this trend has caused demand for electroshock weapons to rise. However, the US crime rate has dropped and state and federal governments have curbed their spending during this period. “These trends have slowed demand growth and forced suppliers to keep their prices somewhat competitive, which has aided buyer power,” says IBISWorld business research analyst Daniel Krohn.
Buyers have also benefited from the unspecialized nature of electroshock weapons. Electroshock weapons are not customized for individual buyers and only require a moderate amount of technical knowledge to produce. As such, they can be mass-produced and inventoried for immediate sale. Thus, low product specialization reduces buying lead times and lowers switching costs, enabling buyers to easily switch to vendors offering better deals.
Over the past three years, low price volatility has also aided buyer power. During this period, input costs have remained highly stable, while a consistent drop in US crime rates and local and state investment has steadied demand. “In turn, low input costs and demand driver volatility have allowed suppliers to keep consistent pricing strategies, which has better enabled buyers to budget their expenses and strategically time their purchases,” says Krohn.
Nonetheless, rising input costs have hindered buyer power to an extent. Due to recent economic growth, demand for research and development (R&D), electronic components and electronic manufacturing professionals has grown. As a result, R&D costs, electronic component prices and electronic manufacturing wages have increased and driven suppliers' costs upward. Rising operating costs have reduced suppliers' price flexibility and increased their risk of discontinuity, cutting into buyer power.
For more information, visit IBISWorld’s Electroshock Weapons procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of electroshock weapons. Electroshock weapons are designed to disrupt a target's superficial muscle functions or cause them pain by delivering an electrical current into their bodies. These weapons are intended to provide a nonlethal means for deterring an individual's advancement or assisting with their restraint. Examples of electroshock weapons include drive stuns, stun guns, stun batons and stun belts. This report excludes other instruments used in security and defense, such as firearms, chemical defense sprays and impact weapons.
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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