Skip to the content

Procurement Market Intelligence Report

Traffic Control Signals Sourcing Guide & Market Trends

Comprehensive intelligence for making smart purchasing decisions

Learn about actual and potential costs

How much should I pay for Traffic Control Signals?

What is the average price of Traffic Control Signals?

This procurement report includes pricing information to help you purchase Traffic Control Signals. 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 Traffic Control Signals 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 Traffic Control Signals 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 Traffic Control Signals?

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 Traffic Control Signals 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 Traffic Control Signals?

The traffic control signal market has a low level of market share concentration overall, with the top four manufacturers accounting for less than 20.0% of market revenue in 2018. Low barriers to entry and moderate startup costs contribute to low market concentration by making it easier for new suppliers to... Subscribe to learn more.

Questions to ask potential suppliers

How can I gain leverage during negotiations?

Customer Service

How are customer service inquiries handled?

What is your response time in the event of a product malfunction?

Do you employ a staff of customer service representatives?

Do you have any records of a time when a client's product was defective and you responded promptly?

Delivery

What steps do you take to ensure delivery times are accurate and dependable?

How do you transport your products?

What is your policy on returns?

How does the quantity of my purchase affect delivery price? Can I save on delivery costs by bundling other goods?

What if the product is damaged during delivery?

Additional Product Offerings

Are there any other goods and services you supply that pertain to my business?

What advantages are afforded if I choose to bundle traffic signals with other related products you sell?

Does the price change when buying from one location versus another?

If I choose to bundle goods, how do shipping options change?

“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 Traffic Control Signals RFP include?

Project Budget

Buyers should submit a budget for the total costs associated with the project, including all delivery fees and any other fees that they may incur.

Buyers should look to bundle multiple related products to receive the best possible discounts.

Buyers should seek discounts based on order volumes.

For help creating a total budget, buyers can reference the Benchmark Price and Total Cost of Ownership sections of this report.

Selection Criteria

Buyers should select vendors that have met the minimum specification and cost requirements presented in the RFP.

Buyers should select financially stable vendors that will likely remain operating throughout the duration of their contracts.

Buyers should select vendors that are able to maintain strong quality control practices.

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

Project Schedule

Buyers should list beginning and end dates for the contract.

Buyers should list all relevant dates in the RFP process, including deadlines for inquiries and submissions.

Buyers should specify when final bid awards will be announced.

Buyers should list dates for product delivery.

Evaluate major factors to mitigate risk

How risky is the Traffic Control Signals supply chain?

Suppliers of traffic control signals operate with a moderate level of supply chain risk. Although disruptions in the supply chain are unlikely to impact the overall availability of the raw materials used in manufacturing traffic signals, price fluctuations have been significant during the past three years. For example, the prices... Subscribe to learn more.

HIGH

MEDIUM

LOW