Learn about actual and potential costs
How much should I pay for Hand Dryers?
What is the average price of Hand Dryers?
This procurement report includes pricing information to help you purchase Hand Dryers. 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 Hand Dryers 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 Hand Dryers 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 Hand Dryers?
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 Hand Dryers 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 hand dryer market is fragmented and highly competitive, with the top four players accounting for less than 30.0% of total market revenue. There are about 1,745 companies that manufacture and wholesale hand dryers in the United States. Although a few large-cap firms operate in the market, the vast majority... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Supply Chain Risk
How do you manage risk in your supply chain? Who are your most important suppliers? How long have you been in business with them?
Do you offshore your production overseas? If so, which countries do you offshore your production activities to?
Have you faced any shortages of necessary inputs due to the coronavirus pandemic? If so, how are you handling the shortages?
How do you address the fluctuating prices of raw materials? How does volatility in raw material prices affect the price that buyers pay?
What steps do you take to limit exposure to any one supplier or customer?
Can you describe your quality control systems and processes?
How do you stay abreast of technological innovations? How well do you integrate new techniques in your hand dryer production?
What measures do you undertake to improve product quality?
How do you achieve efficiency in your operations (e.g. maximizing fuel efficiency in service delivery)?
Supplier Financial Risk
Has your company ever been at risk of bankruptcy?
How much of your revenue comes from your five largest customers? What impact on your profitability would there be if you lost a big customer?
How does your company stay profitable during economic downturns?
How is the pandemic-fueled recession affecting your company's bottom line?
What investments are you making in the company's future (e.g. new products and research and development)? What happens if any of those investments go sour?
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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 how much they should pay for hand dryers.
Buyers should assess prospective vendor's experience in the industry.
Buyers should ensure that vendors will be able to make deliveries in a timely and consistent manner without any damage to the products.
Buyers should assess the level of customer service they expect to receive throughout the lifetime of the contract.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers need to provide the date that RFP proposals are due, dates for interviews and the date the award will be announced.
Buyers should indicate the date that the hand dryers will need to be delivered.
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?
There is moderate risk within the supply chain for hand dryers, which hurts buyer power. Due to high sensitivity to fluctuations in raw material prices, suppliers typically seek to pass any changes in production costs to buyers. In particular, upstream suppliers of aluminum and steel products present high risk to... Subscribe to learn more.