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Gas Detectors Procurement Category Market Research Report Now Available from IBISWorld(PR Web Via Acquire Media NewsEdge) Los Angeles, CA (PRWEB) September 23, 2014 Gas detectors have a buyer power score of 3.7 out of 5, indicating moderate buyer negotiation power. "Gas detectors can be fixed or portable and range from basic household carbon monoxide detectors to sophisticated multigas detectors capable of reading gas concentrations in parts per million. Buyers benefit from moderate market concentration, which gives them the choice of many suppliers, especially amongst distributors," according to IBISWorld business research analyst Kevin Young. Major players are generally international corporations with established brand names, such as Honeywell International Inc., Home Depot Inc, Airgas Inc. and Dragerwerk AG. It follows that such companies can produce huge quantities of detectors at a comparatively low cost, allowing them to achieve economies of scale and maintain dominant market shares. The availability of inexpensive imports helps to keep prices low, forcing domestic manufacturers to adjust prices to compete. Low price driver volatility has contributed to stable price growth in the past three years. Temperate price changes allow buyers to predict and budget gas detector purchases with higher confidence. The prices of semiconductors and other digital components required to produce gas detectors have fallen significantly during the past three years, putting downward pressure on market prices and benefiting buyer power. Low switching costs provide suppliers with the opportunity to change suppliers in the event that a product or service becomes unsatisfactory. The total cost of ownership for gas detection products is also low, allowing buyers to operate these products for extensive service lives without the risk of unpredictable operational costs. Alternatively, other aspects of the gas detector market are detrimental to buyer power. Despite falling input prices, demand from the commercial sector caused gas detector prices to increase in the past three years. In the three years to 2017, demand from the housing, industrial and mining sectors is forecast to drive a price increase," Young says. Additionally, buyer power suffers from a lack of substitute goods. If possible, buyers are advised to procure gas detectors directly from manufacturers because these suppliers typically charge less of a markup than distributors. For more information, visit IBISWorld's Gas Detectors procurement category market research report page. Follow IBISWorld on Twitter: https://twitter.com/#!/IBISWorld Like IBISWorld on Facebook: http://www.facebook.com/pages/IBISWorld/121347533189 IBISWorld Procurement Report Key Topics This report is intended to assist buyers of gas detectors. Gas detectors perform ambient air safety checks for carbon monoxide, hydrogen sulfide, oxygen and other combustible or toxic gases. This report excludes smoke detectors. 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. Read the full story at http://www.prweb.com/releases/2014/09/prweb12191314.htm (c) 2014 PRWEB.COM Newswire |