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The average price for graphic display services is projected to rise over the three years to 2017, continuing the trend from the past three years, as the cost of production increases and demand continues to rise. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has added a report on the procurement of Graphic Display Services to its growing collection of procurement category market research reports.
Los Angeles, CA (PRWEB) July 03, 2014
Graphic display services have a buyer power score of 3.4 out of 5. This score reflects a buyer's moderate ability to negotiate lower pricing due to the large number of suppliers, the product's widespread availability and the price-competitive nature of the graphic display solution market. However, buyers in need of highly customized and intricate graphic display solutions will likely have lower buying power than those who require a more standardized, ready-made solution, says IBISWorld research analyst Jordan Weinstein. IBISWorld estimates that there are 690 vendors, which provides buyers with a substantial number of supplier options. Recent demand growth and price fluctuations in key inputs, however, have marginally reduced buyer negotiating power.
In the three years to 2014, the average price of graphic display solutions has grown slightly due to a rise in demand, specifically from the business and consumer sectors. Both sectors serve as major demand segments for the graphic display servicer market, and the recovering economy has propelled both sectors to grow at a steady pace during the three years to 2014. Growth in these sectors has increased demand for graphic display services. Suppliers are also anticipated to experience price increases for key inputs, such as plastic materials and wood products, over the three years to 2017. As a result, says Weinstein, The selling price for graphic display solutions will increase slightly as suppliers pass on a portion of their increased input costs to buyers. Current major suppliers include Aaron Brothers Inc., Dick Blick Art Materials, Hobby Lobby Stores, Jo-Ann Stores and Michaels Stores.
Fortunately for buyers, the rise in production costs and demand for graphic display services over the next three years will not lead to significant price increases during the period. Due to the high level of competition in the market, suppliers face strong pricing pressure; suppliers that drastically raise prices will lose business to suppliers that offer the same products and services at a lower cost. Furthermore, low market share concentration and high competition among suppliers are both factors that improve buyer power. The large number of suppliers and low switching costs strengthens competition. These conditions are favorable for buyers and are anticipated to remain unchanged over the next three years. For more information, visit IBISWorlds Graphic Display Services procurement category market research report page.
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IBISWorld Procurement Report Key Topics
This report is intended to assist buyers of graphic display services in making informed purchasing decisions. Graphic display services include photographic or picture mounting and framing. This report does not include graphic design services such as layout or graphic editing, photocomposition, package design or silk-screen design.
Recent Price Trend
Product Life Cycle
Total Cost of Ownership
Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Market Share Concentration
Buying Lead Time
Key RFP Elements
Buyer Power Factors
About IBISWorld Inc.
IBISWorld is one of the world's leading publishers of business intelligence, specializing in Industry research and Procurement research. Since 1971, IBISWorld has provided thoroughly researched, accurate and current business information. With an extensive online portfolio, valued for its depth and scope, IBISWorlds procurement research reports equip clients with the insight necessary to make better purchasing decisions, faster. Headquartered in Los Angeles, IBISWorld Procurement serves a range of business, professional service and government organizations through more than 10 locations worldwide. For more information, visit http://www.ibisworld.com or call 1-800-330-3772.
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