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Procurement Market Intelligence Report

Illuminated Signs Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Illuminated Signs?

What is the average price of Illuminated Signs?

This procurement report includes pricing information to help you purchase Illuminated Signs. 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 Illuminated Signs 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 Illuminated Signs 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 Illuminated Signs?

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 Illuminated Signs 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 Illuminated Signs?

The illuminated signs market is highly fragmented. Out of about 1,450 firms, the top four collectively comprise less than 30.0% of total market share, indicating a low level of low market share concentration. High transportation costs make it difficult to source signs from suppliers not located within proximity to the... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Clients

What is the average retention rate among your clients?

Who are your top five clients and how long have they been your clients?

Have you ever experienced any major complaints from clients? If so, how did you address their concerns?

Do you have clients who are willing to provide references on your behalf? If so, how can I contact with them?

Order Specifications

What type of sign do you recommend for my needs?

Can I obtain a price discount by ordering multiple signs at once?

How long will it take for you to manufacture and install my sign?

What costs should I expect to incur for my order in addition to the price of the sign?

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Key elements for every RFP

What should my Illuminated Signs RFP include?

Project Budget

Buyers should indicate the total value of the contract for illuminated signage.

Buyers should reference the Benchmark Price and Total Cost of Ownership sections of this report to verify that they are receiving competitive prices for their illuminated signage purchases.

Buyers should indicate their preferred terms for invoicing and payment.

Buyers should confirm whether additional services, such as design or installation, are included in the price of the order.

Selection Criteria

Buyers should evaluate providers on their ability to meet the product specifications in the RFP.

Buyers should consider the experience of providers during the evaluation process.

Buyers should evaluate providers based on their production speed and location.

Buyers should reference the Buying-Decision Scorecard section in this report for additional selection criteria.

Project Schedule

Buyers should indicate whether the RFP is for an ad hoc purchase or if they are seeking a long-term supply contract.

Buyers should include the date by which proposals must be submitted.

Buyers should specify the date by which the illuminated signage will need to be delivered and/or installed.

Buyers should indicate when providers will be notified about contract awards.

Evaluate major factors to mitigate risk

How risky is the Illuminated Signs supply chain?

Risk among illuminated sign suppliers’ upstream vendors varies from supplier to supplier but is moderate overall. For example, lighting and bulb manufacturers are susceptible to risk because the product they offer is in the decline stage of the product life cycle, with imports penetrating the market and a sizable portion... Subscribe to learn more.

HIGH

MEDIUM

LOW