Learn about actual and potential costs
How much should I pay for Hoses & Hose Fittings?
What is the average price of Hoses & Hose Fittings?
This procurement report includes pricing information to help you purchase Hoses & Hose Fittings. 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 Hoses & Hose Fittings 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 Hoses & Hose Fittings 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 Hoses & Hose Fittings?
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 Hoses & Hose Fittings 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 ?
Market share concentration for the hose and hose fitting market is low. The four largest suppliers generate under 30.0% of all hose and hose fitting revenue. According to ProcurementIQ estimates, there are 14,259 vendors in the hose and hose fitting market in 2020, of which 207 are manufacturers and about... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How often do you experience defects with your products? To what degree are in-process inspections and process controls carried out?
What is your acceptable margin of error for the hoses and hose fittings I am seeking to purchase?
How many recalls have you had? Were they voluntary or mandated? What problems created the need for the recalls? How have you handled these recalls?
What types of technical issues have you experienced with this product?
What is the typical inspection process that your product undergoes?
What internal testing procedures do you use to ensure product quality?
Are you vertically integrated?
How does your company react to the fluctuating cost of rubber, plastic and other commodities?
Can you break down your company's cost structure?
What is your current relationship with your upstream suppliers?
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?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
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Key elements for every RFP
What should my RFP include?
Buyers should explicitly state their preferred payment terms, including contract length and conditions.
Buyers can state the total amount of contract.
Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for hoses and hose fittings.
Buyers should assess the experience and technical expertise of a vendor.
Buyers should consider a vendor's reputation and standing among relevant trade associations.
Buyers should evaluate the product quality standards of a vendor using the STAMPED criteria.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers must give suppliers a due date for their responses.
Buyers should give a date for when any requested samples must be submitted.
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 risks are moderate in the hose and hose fitting market. First- and second tier suppliers provide the raw materials needed to produce the machinery for hoses and hose fitting manufacturers. Of the second tier suppliers, gasoline and petroleum wholesalers pose the largest threat to the supply chain. The... Subscribe to learn more.