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Procurement Market Intelligence Report

Elevators
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Elevators?

What is the average price of Elevators?

This procurement report includes pricing information to help you purchase Elevators. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.

Has the price of Elevators been rising or falling?

Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.

I’m not ready to purchase Elevators yet. Will I pay more if I wait too long?

We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.

What other costs are associated with purchasing Elevators?

Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Elevators with a reduced risk of unexpected costs.

See how we display average pricing information, trends and market data.

Find the vendor to meet your needs

Where can I purchase Elevators?

Market share concentration among the estimated 16,632 elevator suppliers operating in the United States is moderate, which is a reflection of high concentration among manufacturers and fragmentation among elevator service companies. Elevator manufacturers, which account for less than 1.0% of the supplier base, exhibit a high level of market... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Installation

Do you offer installation services?

What kind of contracting work will be required beyond the installation of the elevator (e.g. electrical work, carpentry)?

How many different third-party contractors do you use?

What kinds of quality control standards do you use to evaluate whether or not to use a third-party contractor?

Supply Chain

How do you mitigate potential disruptions in your supply chain, including price hikes?

How many suppliers do you use?

How long have you had a working relationship with these suppliers?

Is your company considering any potential supplier changes? Why?

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Key elements for every RFP

What should my Elevators RFP include?

Project Budget

Buyers should explicitly outline their budget for elevators.

Buyers should describe their preferred payment method.

Buyers should reference the Total Cost of Ownership and Benchmark Price sections of this report for additional information on pricing considerations.

Selection Criteria

Buyers should evaluate vendors based on their level of experience and the quality of references provided.

Buyers should prefer vendors that offer competitive prices and extensive maintenance services.

Buyers should carefully consider the length of schedule a prospective supplier requires to execute an order.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should specify the deadline for proposal submission.

Buyers should explicitly state the date when award information will be communicated to prospective suppliers.

Buyers should indicate the date that elevators will need to be installed and operational.

Evaluate major factors to mitigate risk

How risky is the Elevators supply chain?

The elevator market is characterized by a medium level of supply chain risk. Major inputs include steel, aluminum and various electrical and mechanical components. The price and availability of these materials is subject to a significant degree of volatility due to environmental factors, rising global demand and competition from overseas... Subscribe to learn more.

HIGH

MEDIUM

LOW