Concrete Pumping Services Procurement Category Market Research Report from IBISWorld has Been Updated

In recent years, regional and local vendors have grown in numbers in response to the rising number of housing starts. For these reasons and to help procurement professionals make better buying decisions faster, business intelligence firm IBISWorld has updated a report on the procurement of Concrete Pumping Services in its growing collection of procurement category market research reports.

Los Angeles, CA (PRWEB) August 22, 2014

Concrete pumping services have a buyer power score of 3.3 out of 5. This high score reflects favorable conditions that have bolstered buyer negotiation power in the three years to 2014, particularly the market's low level of market share concentration. In recent years, regional and local vendors have grown in numbers in response to the rising number of housing starts. “The number of housing starts accelerated during the past three years as economic growth improved,” says IBISWorld business research analyst, Deonta Smith. Most noticeably, housing starts increased substantially in 2012; consequently, this trend has led to greater demand for concrete pumping services (used to lay foundation for new structures) among residential contractors. Moreover, because most concrete pumping service providers operate on a local or regional level, buyers have access to a number of vendors, which increases buyer negotiating power.

Likewise, low levels of specialization and minimal switching costs further underscore buyer power. Buyers will find the services to be nearly identical across vendors. Service providers also strive to adhere to high standards established for concrete pumping and related services to avoid possible compliance costs relating to structure foundation stability. By meeting regulatory standards, vendors are able to maintain their reputation, which is crucial in the concrete pumping service market. These factors allow buyers to procure the services from a larger pool of vendors without fear of compromising quality.

While prices for concrete pumping services have been trending upward during the period, the price volatility has been extremely high. “Buyers lose negotiating power from a high level of price volatility because they are then incentivized to accept service prices when they are deemed advantageous,” says Smith. Fortunately, current market price trends are favorable and boost buyer power for concrete pumping services. During the three years to 2017, prices are forecast to continue to rise, though at a slower rate. Major vendors include Cemex SAB de CV, CRH PLC and Holcim Inc. For more information, visit IBISWorld's Concrete Pumping Services procurement category market research report page.

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IBISWorld Procurement Report Key Topics

This report is intended to assist buyers of concrete pumping services. Service providers operate batch and mix plants to manufacture concrete for delivery to buyers in an unhardened state. Sand and gravel pumping services are excluded from this report.

Executive Summary
Pricing Environment
Price Fundamentals
Benchmark Price
Pricing Model
Price Drivers
Recent Price Trend
Price Forecast

Product Characteristics
Product Life Cycle
Total Cost of Ownership
Product Specialization
Substitute Goods
Regulation
Quality Control

Supply Chain & Vendors
Supply Chain Dynamics
Supply Chain Risk
Imports
Competitive Environment
Market Share Concentration
Market Profitability
Switching Costs

Purchasing Process
Buying Basics
Buying Lead Time
Selection Process
Key RFP Elements

Negotiation Questions
Buyer Power Factors
Key Statistics

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, IBISWorld's 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.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/08/prweb12112581.htm