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Procurement Market Intelligence Report

Platform Lifts
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Platform Lifts?

What is the average price of Platform Lifts?

This procurement report includes pricing information to help you purchase Platform Lifts. 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 Platform Lifts 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 Platform Lifts 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 Platform Lifts?

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 Platform Lifts 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 ?

The platform lift market has a low level of market share concentration, with the top four suppliers accounting for less than 30.0% of total market revenue. Although market share concentration is low, it has been increasing during the three years to 2019 and will continue to do so in the... 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?

Market Competition

How are your products different from those of your competitors?

What is your client retention rate?

How do you win and retain business?

Do you offer any incentives or discounts to repeat customers or those that refer customers to your company?

How do you ensure stable relationships with your suppliers compared to other lift suppliers?

How will your company deal with the rising competition from imports?

Pricing Structure

Do you offer volume discounts?

What are the associated shipping costs?

How has your price changed in the past three years?

What is the average price of your platform lifts?

What type of payment plans do you offer?

How do your prices compare to those of your competitors?

Supply Chain

How would a rising price of aluminum and plastic affect your pricing?

How have volatile input cost drivers impacted your prices?

Do you have contracts and relationships with multiple raw material suppliers?

Have you ever experienced any supply chain disruptions or shortages in the past? How have you handled these shortages?

How do you mitigate risk associated with acquiring metal inputs?

Product Offering

How many different brands do you carry?

What types of platform lifts do you carry?

Which are you best-selling models or brands?

Do you offer lifts with extreme weight capacities?

What volume of lifts do you readily have available?


How do you test the lifts before they are sold?

What quality control procedures do you implement?

What is the failure/exchange/return rate for your platform lifts?

What quality awards have you received in recent years?


Do you manufacture the lifts or does another company?

Are your lifts manufactured in the United States or overseas?

Have you had any issues associated with quality from your suppliers in the past?

What percentage of your products are manufactured or assembled outside of the United States?

Shipping Method & Cost

Where are your distribution centers located?

What is the average shipping time and cost for your products?

Do you ship anywhere in the country?

What is the most cost-effective shipping method?

Is there a minimum order required to receive free shipping?

Have you had issues in the past three years regarding late shipments?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should provide a budget for their purchase of platform lifts.

Buyers should have specific budget figures for delivery, installation and maintenance services.

Buyers should state a desired warranty length and level of coverage.

Buyers can consult the Benchmark Price and Total Cost of Ownership sections of this report for help creating a budget.

Selection Criteria

Buyers should select a vendor that is able to provide platform lifts of appropriate quality standards while also staying within the proposed budget.

Buyers should maintain a list of preferred vendors to work with on similar future projects to reduce lead times.

Buyers should select a vendor with stable financial footing and strong client references.

Buyers should create clear evaluation criteria for all submitted proposals. For help creating selection criteria, buyers can reference the Buying-Decision Scorecard section of this report.

Project Schedule

Buyers should outline all key dates in the RFP process, including when the final award will be announced.

Buyers should specify a maximum lead time for their purchase.

Buyers should specify dates for any necessary on-site walkthroughs.

Buyers should include a schedule for all delivery, installation and maintenance work.

Evaluate major factors to mitigate risk

How risky is the supply chain?

Supply chain risks are moderate for platform lift suppliers. Although supply chain risks are unlikely to affect the supply of key lift components and raw materials, they may have an impact on the price buyers ultimately pay for the finished product. There are a variety of materials used to manufacture... Subscribe to learn more.