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Procurement Market Intelligence Report

Laboratory Furniture
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Laboratory Furniture?

What is the average price of Laboratory Furniture?

This procurement report includes pricing information to help you purchase Laboratory Furniture. 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 Laboratory Furniture 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 Laboratory Furniture 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 Laboratory Furniture?

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 Laboratory Furniture 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 Laboratory Furniture?

Market share concentration in the laboratory furniture market is low, with more than 4,700 suppliers throughout the United States. The four largest players include Hamilton Scientific, Kewaunee Scientific, Thermo Fisher Scientific Inc. and Avantor Inc. (VWR International), accounting for less than 25.0% of the total market. As such, the vast... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Pricing Structure

How do you mitigate price increases in raw materials?

Do you offer volume discounts?

How have the rising costs of fuel and energy expenses affected your pricing?

Can you provide a catalogue with product list prices? What are your most common add-on features, and what do they cost?

Delivery

Where are your facilities located?

Do you have partnerships with suppliers that are more local?

Do you outsource shipping and handling? If so, do you get discounted rates for their services?

What kinds of shipment delays could you encounter from your location? How would you mitigate these risks?

If there are servicing needs, how will you expedite the delivery of services?

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Key elements for every RFP

What should my Laboratory Furniture RFP include?

Project Budget

Buyers should state the budget of the contract.

Buyers should propose the payment terms, including dates and installments where necessary.

Buyers should consult the Benchmark Price section of this report to determine average pricing in the market.

Selection Criteria

Buyers should evaluate the inventory of the supplier and whether they can meet their needs within the desired timeframe.

Buyers should ensure the supplier can deliver the equipment to their location.

Buyers should consider the total costs proposed by the supplier, including how much planning, delivery and installation will cost in addition to the purchase price.

For a detailed list of key selection criteria, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should include the date when proposals are due, when the contract will be awarded and when the expected contract completion date is.

Buyers should include a timeline of date milestones, particularly if it is a complex project with multiple pieces of furniture and more than one location.

If applicable, buyers need to inform suppliers of a window of time where they intend to visit their facilities to inspect the supplier's inventory.

Evaluate major factors to mitigate risk

How risky is the Laboratory Furniture supply chain?

The laboratory furniture market has been displaying a moderate level of supply chain risk during the three years to 2019, which weakens buyer power. Laboratory furniture manufacturers are dependent on lumber, steel and plastic as key input materials in their production processes. During the past three years, the risk of... Subscribe to learn more.

HIGH

MEDIUM

LOW