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Procurement Market Intelligence Report

Metal Boring Machines
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Metal Boring Machines?

What is the average price of Metal Boring Machines?

This procurement report includes pricing information to help you purchase Metal Boring Machines. 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 Metal Boring Machines 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 Metal Boring Machines 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 Metal Boring Machines?

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 Metal Boring Machines 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 ?

In 2019, an estimated 1,100 firms supply metal boring machines. The market is highly fragmented because the top four suppliers account for less than 30.0% of total sales. Although metalworking machinery manufacturing is highly capital intensive, a significant number of wholesalers and equipment dealers operate in the market, resulting in... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Industry Experience

What percentage of your business stems from buyers in my industry?

How are your machines enhanced to suit operators in my industry?

Will my machine have a broad resale market that includes other industries?

What products that I am currently making through other methods could be enhanced by using your metal boring machine?

Input Costs

How have fluctuations in the prices of inputs, such as steel, affected the prices of your machines in the past three years?

How do you mitigate sudden price increases in raw materials?

How diversified is your supplier base for inputs? When input costs rise, are you able to source the product from a different supplier to get lower pricing?

Have you experienced any supply disruptions resulting from raw material shortages? How did you manage the situation?

Import Penetration

How has your market share evolved in the past few years in the light of import penetration? What measures are you taking to maintain market share?

How diversified is your product portfolio?

Have you outsourced any manufacturing activities and/or do you source inputs from abroad? How has that affected prices of your machines?

How do your machines compare to the imported alternatives?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should include the cost constraints for transporting the metal boring machine(s) and related equipment to their location.

Buyers should outline a cost breakdown so that vendors can provide necessary price information.

Buyers should define a payment schedule.

Buyers should state how often pricing can be adjusted.

Selection Criteria

Buyers should evaluate suppliers on whether they price competitively and provide an all-inclusive product warranty.

Buyers should give priority to suppliers that are flexible with contract terms and conditions.

Buyers should request references from current and former clients.

For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should disclose the RFP's issue date.

Buyers should disclose the due date for any questions or clarifications from suppliers.

Buyers should disclose when they will answer any questions or clarifications.

Buyers should disclose the date of the award announcement.

Buyers should list the expected delivery date of the boring machine(s) and related equipment.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain for metal boring machines is exposed to a moderate level of risk, somewhat challenging buyers. Key first tier suppliers include metal wholesalers, computer manufacturers and electrical equipment manufacturers. The greatest degree of risk stems from the volatile price of raw material inputs, including brass, aluminum, stainless steel... Subscribe to learn more.