Learn about actual and potential costs
How much should I pay for Hydraulic Cylinders?
What is the average price of Hydraulic Cylinders?
This procurement report includes pricing information to help you purchase Hydraulic Cylinders. 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 Hydraulic Cylinders 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 Hydraulic Cylinders 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 Hydraulic Cylinders?
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 Hydraulic Cylinders 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 is low in the hydraulic cylinders market, with the top four suppliers controlling 25.0% of market revenue in the United States. Currently, the top four manufacturers of hydraulic cylinders domestically, out of a pool of about 6,830 total suppliers, are Parker-Hannifin Corporation, Eaton, Ligon and Wipro Infrastructure... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
Experience and Expertise
How long have you provided these products to your longest-tenured client?
What qualifications does your staff have and what measures do you take to keep those qualifications up to date?
What industry do you most commonly supply this product for?
To what extent will ordering multiple products from your firm allow me to save on costs?
What is your repeat business rate for businesses in my industry and how does that compare to your overall rates?
Supply Chain Risk
Over the past three years, what percentage of your revenue has been dedicated to raw input materials? How has that changed?
Has the availability of raw materials tightened due to the coronavirus outbreak?
Over the past three years, what percentage of your revenue has been dedicated to labor?
How have fluctuations in input prices affected the prices of your products during the past three years?
How do you mitigate sudden price increases in raw materials?
When input prices rise, how much of the cost is absorbed by you and how much is passed onto buyers?
How, if at all, has your supply chain been affected by import tariffs levied in 2018?
How do you manage regulatory change? Do you have regulation advisers or methods to track regulation?
How have changing regulations influenced your pricing now and how will the changes affect prices over the life our proposed agreement?
What ongoing training procedures do you provide for your staff?
Have you ever been found to be noncompliant with regulatory frameworks?
Amid widespread health concerns during the COVID-19 pandemic, what contingency plans are in place to mitigate risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?
How many clients do you currently serve?
How many long-time clients do you serve?
Can I contact you for advice and service during the life of my hydraulic cylinder?
Can you manufacture a customized cylinder for my application?
How long are your employees trained? Do you update your employees on important market developments?
Who are your primary metal suppliers? How long have you been using them?
Do you have a fixed-price supply contract with your suppliers to protect against price spikes?
Which are your largest buying markets? Are they diversified?
Where are your materials sourced geographically? Is there any pricing or quality advantage to this location?
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?
What is the average time needed to process an order from initial receipt to final delivery?
What shipping provider do you use? Have you had any problems with them in the past?
Do you offer a range of shipping options such as expedited shipping?
What systems do you have in place to track orders from initial placement to shipping?
If need be, can I use my own shipping supplier?
What are the terms and conditions of the warranty?
How often are warranty claims filed?
Does your warranty cover wear and tear on parts such as seals and gaskets?
How much paperwork is required to file a warranty claim?
How many cylinders do you currently have in your inventory?
How long will your current inventory last if there is a supply interruption?
Is your inventory secured?
What systems do you have in place to prevent inventory loss?
How quickly can a part be located in your inventory after receiving an order?
Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased/reduced demand?
What grade of metals do you use in manufacturing?
How recently did you upgrade your production equipment?
Do you outsource production? If so, what advantages do you gain?
How long should one of your cylinders last with proper installation and maintenance?
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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 hydraulic tool.
Buyers should evaluate the experience of the supplier.
Buyers should make sure the provider offers appropriate types of hydraulic cylinders with the appropriate specifications and durability.
Buyers should evaluate suppliers based on the estimated costs of the units they are offering.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
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?
The supply chain for hydraulic cylinders carries a moderate degree of risk. Industries that rely on steel as a key input are inherently risky because the price of steel constantly fluctuates in response to changing global demand. Demand for steel stems primarily from construction markets, which are also key buyers... Subscribe to learn more.
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