Learn about actual and potential costs
How much should I pay for Hydraulic Hose & Tube Fittings?
What is the average price of Hydraulic Hose & Tube Fittings?
This procurement report includes pricing information to help you purchase Hydraulic Hose & Tube 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 Hydraulic Hose & Tube 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 Hydraulic Hose & Tube 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 Hydraulic Hose & Tube 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 Hydraulic Hose & Tube 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 ?
Buyers have ample choices when it comes to the hydraulic hose and tube fitting market, which is moderately concentrated. There are 9,100 suppliers operating in the United States in 2020. Of these, 400 are manufacturers and 8,700 are wholesalers. The top four suppliers, Gates Corporation, Parker Hannifin Corporation, Eaton Corporation... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What grades of steel, brass and aluminum do you use to make fittings? Does this grade provide any unique characteristics that affect the performance of the fitting?
Are you developing any new manufacturing processes such as more precise machining or new types of electroplating?
Do your fittings have prolonged resistance to corrosion? Can any fittings be specially treated for extra corrosion resistance?
When was the last time you invested in new production equipment?
Supply Chain Dynamics
Is your supply chain vertically integrated? If so, describe the benefits from your vertical integration.
How have you dealt with rising input prices in the past?
From where do you source your raw materials? Are there any inherent risks from this location?
How long have you been using your current raw materials supplier?
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?
Do you offer free replacement for broken fittings? How long does this coverage last? Does free replacement include shipping charges?
Are there any restrictions on the replacement of a fitting?
What kind of documentation is required to redeem the warranty?
Can the warranty be extended? Is there a discount on the extension?
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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 an estimate of how much they should pay for each hydraulic hose and tube fitting.
Buyers should evaluate the experience of the supplier.
Buyers should make sure the provider offers appropriate types of hydraulic hose and tube fittings 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 should stipulate the due date for questions and proposals.
Buyers should advise vendors when the contract is expected to start and finish.
Buyers should state whether there will be any review or probationary periods and whether this affects renewal.
Buyers should state the deadlines of each delivery expected throughout the length of the contract.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain for hydraulic hose and tube fittings is highly risky, and supply chain issues may result in price increases for buyers. Second-tier suppliers, particularly iron and steel manufacturers, impart significant risk to the supply chain because they depend primarily on demand from the construction sector, which is highly... Subscribe to learn more.