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Procurement Market Intelligence Report

Sealing Tools
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Sealing Tools?

What is the average price of Sealing Tools?

This procurement report includes pricing information to help you purchase Sealing Tools. 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 Sealing Tools 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 Sealing Tools 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 Sealing Tools?

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 Sealing Tools 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 the sealing tool market, the top four suppliers account for less than 30.0% of the total market share, making for a low level of market share concentration. Market concentration is low because most suppliers offer a wide array of products, dedicating only a small portion of their resources to... 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 your competitors'?

What is your client retention rate?

How do you win and retain business?

What incentives or discounts do you offer to repeat customers or those that refer others to your company?

How do you ensure stable relationships with your supplier in comparison to other sealing tool suppliers?

How has your company dealt with rising competition from imports?


Do you source materials with a high exposure to market disruptions resulting from the coronavirus? How are you coping with these disruptions?

How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?

Amid the widespread health concerns, what contingency plans are in place to mitigate the risk to your clients and employees? Do you offer clients any flexible exceptions, such as contract suspensions?

Are you experiencing fluctuations in demand as a result of the coronavirus outbreak? What measures are you taking to handle increased or reduced demand?

Supplier Size

What size and type of buyer does your company typically supply sealing tools to?

How experienced is your company in supplying the type and specifications of sealing tools I require?

How often do you take large orders for sealing tools? How much longer do these orders take to fulfill compared to small, single-unit orders?

Do you have multiple locations? If so, where are they located?

How does the catalog on your website differ from the options offered in-store?

Product Offerings & Variety

What types of sealing tools do you offer?

How many different brands do you carry?

What are your best-selling models?

What volume of sealing tools do you readily have available?

How do you determine the ratio of brand name to generic sealing tools to keep in stock?

Supply Chain Risk

How do your input cost fluctuations affect me?

How has the fluctuating prices of plastic, steel and aluminum affected your pricing?

Do you have contracts with multiple raw material suppliers or manufacturers?

How do you mitigate the risk associated with acquiring metal inputs?

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


Do you manufacture your products, or does another company manufacture them?

Where are they manufactured, in the United States or overseas?

Have you had any problems with delays in deliveries from your suppliers in the past?

Have you had any issues regarding product quality from your suppliers in the past?


Where are your distribution centers located?

What is the average shipping time and cost?

Do you ship anywhere in the country? How do shipping times vary from state to state?

What is the most cost-effective shipping method?

Is there an order minimum required to receive free shipping? What is this threshold?

Have you had issues in the past three years regarding late shipments? How did you remedy those issues?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should explicitly state the amount of the contract award.

Buyers should explain when and how many payments will be made.

Buyers can consult the Benchmark Price section of this report to determine about how much they should pay for each sealing tool.

Selection Criteria

Buyers should evaluate the experience of the supplier.

Buyers should make sure the provider offers appropriate types of sealing tools with the appropriate specifications and durability.

Buyers should evaluate suppliers based on the estimated costs of the units they are offering.

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

Project Schedule

Buyers need to include the date proposals are due and when award information will be available.

Buyers should include any other benchmark dates relevant to the project that suppliers will need to be aware of.

Evaluate major factors to mitigate risk

How risky is the supply chain?

There is a moderate level of supply chain risk in the sealing tool market due primarily to potential input price fluctuations. First and second tier suppliers provide the raw materials needed to produce the machinery for sealing tool manufacturers. Although supply chain risk is unlikely to affect the supply of... Subscribe to learn more.