Skip to the content

Procurement Market Intelligence Report

Shrink Wrap Machines
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Shrink Wrap Machines?

What is the average price of Shrink Wrap Machines?

This procurement report includes pricing information to help you purchase Shrink Wrap 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 Shrink Wrap 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 Shrink Wrap 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 Shrink Wrap 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 Shrink Wrap 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 ?

There is a low level of market share concentration in the shrink wrap machines market, with the top four vendors accounting for close to 15.0% of total market revenue. Market share concentration has been steady in the three years to 2020. Basic shrink wrap machines are the most popular and... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Financial Stability

How have you diversified your operations?

What methods do you employ to differentiate yourself from your competitors?

What businesses make up your customer base?

How will you adjust to changes in steel prices in the next three years?

How is your company faring amdist the COVID-19-induced recession?

Customer Service

What are the different ways I can contact customer service? Which method has the fastest response time?

What is the best method to contact you for product issues? How quickly can I expect a new product?

How often do you review systemic customer service issues?

How often do you update customer service procedures?

“Sending out RFPs used to be a nightmare”

Let’s chat about how procurement market intelligence can reduce 
the time you spend issuing RFPs.

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 how much they should pay for each shrink wrap machine.

Selection Criteria

Buyers should evaluate the experience of the supplier.

Buyers should make sure the provider offers appropriate types of shrink wrap machines with the appropriate levels of technological sophistication.

Buyers should evaluate suppliers based on the estimated costs of the shrink wrap machines they offer.

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 when proposals are due and when award information will be available.

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

Evaluate major factors to mitigate risk

How risky is the supply chain?

Overall, there is a moderate level of supply chain risk in the shrink wrap machines market. Risk stems from iron and steel manufacturers because the volatile price of steel makes it more difficult for shrink wrap machine suppliers to project costs. These risks are further exacerbated by import tariffs on... Subscribe to learn more.