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Procurement Market Intelligence Report

Tower Cranes
Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Tower Cranes?

What is the average price of Tower Cranes?

This procurement report includes pricing information to help you purchase Tower Cranes. 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 Tower Cranes 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 Tower Cranes 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 Tower Cranes?

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 Tower Cranes 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 ?

Market share concentration for tower cranes is moderate. There are about 700 vendors of tower cranes, and the top four vendors in the market generate about 30.0% of market revenue. The high barriers to entry in this market, which include large-scale production facilities, advanced design and testing capabilities and a... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Product Lines

What additional products or services do you offer separate from the purchase of tower cranes?

Other than your referral, are there any other incentives for me to use your preferred installer?

What types of discounts do you offer for specific crane types or brands?

Do you offer any training and support services? If so, what are the fees?

Supply Chain Risk

How do you manage risk in your supply chain?

Who are your most important suppliers? How long have you been in business with them?

Have you ever experienced a price spike from one or more of your suppliers? How did you cope with the spike?

How often do you evaluate your supply chain's prices to ensure they are still competitive?

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Key elements for every RFP

What should my RFP include?

Project Budget

Buyers should state their total budget for tower crane purchases.

Buyers should describe their preferred payment method and schedule.

Selection Criteria

Buyers should evaluate prospective suppliers on their ability to provide quality tower cranes that fit their needs.

Buyers should give preference to suppliers with extensive experience and strong customer service.

Buyers should assess prospective suppliers' ability to offer competitive prices.

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

Project Schedule

Buyers should specify the date by which proposals must be submitted.

Buyers should indicate when prospective suppliers should expect to receive award information.

Buyers should specify the date by which they require their tower crane purchases to be delivered on site.

Evaluate major factors to mitigate risk

How risky is the supply chain?

The supply chain risk associated with tower cranes is moderate. Although supply chain risks are not expected to impact the availability of key raw materials or main components of tower cranes, they may influence the prices buyers ultimately pay for their cranes. Of first and second tier suppliers, iron and... Subscribe to learn more.