Learn about actual and potential costs
How much should I pay for Hydraulic Presses?
What is the average price of Hydraulic Presses?
This procurement report includes pricing information to help you purchase Hydraulic Presses. 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 Presses 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 Presses 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 Presses?
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 Presses 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 ?
There are about 650 suppliers of hydraulic presses in the market. The market share concentration among hydraulic press manufacturers is low, with the top four suppliers estimated to generate less than 30.0% of total market revenue in 2019. Hydraulic presses come in a variety of shapes and sizes, making it... 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 often do you experience defects with your products? To what degree are in-process inspections and process controls carried out?
What types of technical issues have you experienced with this product?
How do you ensure your product's quality? What performance-monitoring systems are in place at your company?
What is the quality control training process like? How experienced are your inspection personnel?
Where are your manufacturing facilities located? What about your warehouses?
What are the different capabilities of each facility? What types of hydraulic presses does each location offer?
What are your packaging and transportation procedures? How does this limit the risk to the presses when transporting?
Do you deliver hydraulic presses completely assembled? If not, how long will it take your team to assemble the press at my facility?
What discounts do you offer for nearby locations? How does this reduce my transportation costs?
What fluid speeds and pressures are required to operate your hydraulic presses?
What hydraulic fluid viscosity is required?
What flow rates are required with your hydraulic motors?
How much fluid is included with the initial purchase?
How often do you have back orders on the fluid? How long does it typically take to receive it?
What type of package deals do you offer where accessories are included with the purchase of a hydraulic press?
What type of accessories do you offer that can handle different levels of pressure?
What pneumatic motor is required for air-powered hydraulic presses?
Where do you source your accessories from? Do accessories ship with the hydraulic press or are they shipped separately?
Supplier Size & Scope
How many hydraulic presses do you currently have in your inventory?
How quickly can you customize and manufacture a new hydraulic press?
Do you focus on certain product areas? Do you have expertise in certain types of products?
What industries are your customers involved in?
If your company does not offer a certain type of hydraulic press, can you help source this?
Maintenance & Servicing
What is the availability of your service technicians? What days or hours are they unavailable?
How quickly can your service technicians be onsite if technical support or repair is required?
How much experience do your service technicians have in maintaining hydraulic tools?
Do you provide training on how to properly maintain hydraulic tools. How much does this cost?
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Key elements for every RFP
What should my RFP include?
Buyers should provide detailed product information so vendors can provide their most competitive cost proposal. If buyers have a specific budget in mind, they are free to disclose it here.
Buyers should provide information regarding their budget for additional services such as installation and routine maintenance. If these services are not required, they do not have to be included in the RFP.
Buyers should provide information about when payment will occur. For example, buyers should state whether payment is awarded upon finalization of the contract or over a period of time.
Buyers can refer to the Benchmark Price and Total Cost of Ownership sections for help creating a budget.
Buyers should specify what measures of quality they will be using to select a supplier. For example, these measures can be reputation, credentials of staff, customer service and product certification.
Buyers should also choose a supplier based on the price estimate given.
For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include a deadline for proposal submissions and state when the contract will be awarded.
Buyers should include a time frame for delivery to occur as well as dates for suppliers to survey the work area.
Buyers should include any other benchmark dates that are relevant to the project.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The supply chain risk for hydraulic press suppliers is moderate. Many inputs are readily available; however, steel and metal inputs increase the risk to the supply chain due to their volatile prices and fluctuating worldwide demand. If suppliers are unable to anticipate and properly prepare for these fluctuating prices, or... Subscribe to learn more.