Learn about actual and potential costs
How much should I pay for Furnaces?
What is the average price of Furnaces?
This procurement report includes pricing information to help you purchase Furnaces. 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 Furnaces 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 Furnaces 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 Furnaces?
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 Furnaces 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 ?
The furnace market has a low level of market share concentration, with the top four suppliers (Ingersoll Rand, Johnson Controls, United Technologies Corporation and Lennox International) accounting for just under 30.0% of total market revenue. This market's low to moderate barriers to entry make it highly fragmented, with more than... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do input price fluctuations affect me?
How do fluctuations in the price of steel and aluminum affect your pricing?
Do you have contracts with multiple raw material suppliers or manufacturers?
What are the criteria for picking manufacturers and suppliers you partner with? How do their changes impact my price?
Do you source materials with high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
How have your prices fluctuated in the past three years?
Do you offer any volume or bundling discounts?
Are delivery costs included in the purchase price?
Does your location in relation to the project affect prices?
How do fluctuating prices for insurance, materials, fuel and other expenses alter your pricing?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state the amount of the contract award.
Buyers should explain when and how many payments will be made.
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for each furnace.
Buyers should evaluate the experience of the supplier.
Buyers should make sure the provider offers appropriate types of furnaces.
Buyers should evaluate suppliers based on the estimated costs of the furnaces they are offering.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include the date the furnace must be installed by to ensure a timely purchasing process.
Buyers need to include the date proposals are due and when award information will be available.
Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk is moderate in the furnace market. Although supply chain risk is unlikely to affect the supply of key furnace components or raw materials, they do have an impact on the price buyers ultimately pay for their equipment. There are a variety of materials used in the manufacturing... Subscribe to learn more.