LCD Panels & Monitors Procurement Category Market Research Report from IBISWorld Has Been Updated
Los Angeles, CA (PRWEB) April 02, 2015 -- The LCD panels and monitors market exhibits a buyer power score of 4.5 out of 5, indicating high buyer leverage in negotiations. Despite high market concentration, falling input costs and high price competition due to a significant import presence have led to steadily falling prices, says IBISWorld analyst Kevin Young. The price of semiconductors, the main input into LCD display construction, has fallen steadily over decades in line with Moore's Law (which essentially states that, holding price constant, the power of an integrated circuit doubles every two years). Thus, manufacturers have been able to make higher-quality displays for a lower cost with each passing year.
Buyers also benefit from a medium availability of substitute goods. Plasma displays, for example, provide significant competition for LCD televisions between 42 and 65 inches in size. However, LCD displays face little competition from televisions larger or smaller than that, or from computer displays. Projectors are comparatively inexpensive if the desired screen size is very large. In addition, the low level of product specialization contributes to price competition, eases the vendor selection process and minimizes the switching costs incurred when a current supplier becomes undesirable, continues Young. After controlling for size and resolution, there is little to differentiate brands. As a result, suppliers compete heavily on price, which keeps their profit margins low. Market suppliers include Samsung, Sony Corporation and Walmart Stores Inc.
The end result is a steadily falling price for LCD displays despite continual improvements in resolution and features. Buyers should therefore avoid long-term supply contracts and seek to purchase displays on an as-needed basis to maximize cost savings. Some vendors also supply numerous related goods, so buyers may be able to negotiate quantity-based savings by bundling products into a single purchase order. For more information, visit IBISWorld’s LCD Panels & Monitors procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of liquid crystal display (LCD) panels and monitors, also known as LCD screens or displays. LCD displays are flat panel displays that portray images using liquid crystals. LCD displays are used in a wide variety of computer monitors, televisions, instrumental panels and signs. They are the most commonly used form of display. This report excludes cathode ray tube and plasma displays.
Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast
Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs
Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements
Negotiation Questions
Buyer Power Factors
Key Statistics
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.
Gavin Smith, IBISWorld Inc., +1 (310) 866-5042, [email protected]
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