Learn about actual and potential costs
How much should I pay for Smoke Detectors?
What is the average price of Smoke Detectors?
This procurement report includes pricing information to help you purchase Smoke Detectors. 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 Smoke Detectors 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 Smoke Detectors 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 Smoke Detectors?
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 Smoke Detectors 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 25,000 suppliers operate in the smoke detector market. Although market share concentration is high among the 20 smoke detector manufacturers in the United States, concentration is low among the 14,980 wholesalers and 10,000 retailers that also make up the market. Together, the top four manufacturers, UTC,... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
What are my delivery options and how do they differ in price?
How many suppliers do you use for product shipments?
What is the average delivery time?
What are the most frequent causes of shipment delays?
What systems are in place to minimize the risk for shipment delays?
How likely is your company to be purchased or merge with another company in the next several years?
What is your company's sales history for the past five years?
Is your company currently dealing with litigation or facing the prospect of litigation in the near future?
From which markets do you derive most of your revenue?
How have your prices fluctuated during the past five years? How have you retained customers in light of rising prices?
For how long will the quoted price be honored?
Are there any additional fees or hidden costs?
What are the payment terms?
How will rising input costs impact price?
Do you work with any preferred contractors that offer discounts on installation?
“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?
Buyers should submit a maximum budget for their order for smoke detectors.
Buyers should break down the contract value by price per smoke detector to easily compare proposals.
Buyers should include delivery fees and any other total ownership costs that may be incurred. For help creating a total budget, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.
Buyers should select a vendor that meets the minimum proposed specifications while staying under the prospective budget.
Buyers should select a vendor with a strong financial performance history to ensure they will remain operating throughout the duration of the contract.
Buyers should select a vendor that offers strong customer service.
Buyers should include a list of factors they will use to evaluate vendor submissions. For help creating selection criteria, buyers can reference the Buying-Decision Scorecard sections of this report.
Buyers should include a schedule of relevant dates in the RFP process, including deadlines for proposal submissions and inquiries.
Buyers should specify when final bid awards will be announced.
If making recurring purchases, buyers should specify the frequency of these purchases.
Evaluate major factors to mitigate risk
How risky is the supply chain?
The upstream supply chain risk for smoke detectors is medium. Common inputs used to manufacture smoke detectors include semiconductors, copper and a variety of plastic parts and components. A detector's electronic components are fitted into a molded plastic shell; therefore, changes in plastic prices can lead to fluctuations in manufacturers'... Subscribe to learn more.