Fire Extinguisher Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The fire extinguisher will grow at a CAGR of 4.56% during 2020-2024. Prices will increase by 3%-5% during the forecast period and suppliers will have a moderate bargaining power in this market. Raytheon Technologies Corp., Newell Brands, Johnson Controls International Plc, Minimax Viking Group, Amerex Corp., Britannia Fire Ltd., DESAUTEL, Safex Fire, Supremex Equipments, and Honeywell International Inc. are among the prominent suppliers in fire extinguisher market.
Who are the Top Suppliers in the Fire Extinguisher Market?
Browse table of contents & list of exhibits and sample illustrations on spend growth, pricing trends, etc.
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Leading global suppliers can assist buyers in realizing high-cost savings through their efforts on areas such as reducing total ownership cost, managing commodity price volatility, negotiate on pricing and contractual terms, operations automation, quality management, managing inventory shrinkage, ad-hoc spend management, supplier synergies, and vertical integration. Collaborations with global suppliers will also help buyers in cost-saving and ensuring high-quality procurement in the dynamic market.
This report offers key advisory and intelligence to help buyers identify and shortlist the most suitable suppliers for their equipment finance requirements. Some of the leading equipment finance suppliers profiled extensively in this report include:

Raytheon Technologies Corp.
Newell Brands
Johnson Controls International Plc
Minimax Viking Group
Amerex Corp.
Britannia Fire Ltd.
DESAUTEL
Safex Fire
Supremex Equipments
Honeywell International Inc.

Supplier Selection and Evaluation
Profile and service capabilities of the service provider, industry specialization of the service providers, reputation of service providers, and assessment of value-added services are some of the most critical parameters that buyers use to shortlist the suppliers in equipment finance.
This report evaluates suppliers based on licenses and certifications, financial stability, warranties, and compliance with insurance policies. In addition, suppliers are also shortlisted based on business needs, technical specifications, operational requirements, security compliance, regulatory mandates, legal requirements, quality control, change management procedures, pricing models, penalty clauses, SLA nuances, acceptance criteria, and evaluation criteria.
What are the Major Pricing Trends in Fire Extinguisher Procurement?
The pressure from substitutes and a low level of threat from new entrants has resulted in the moderate bargaining power of suppliers. This makes it extremely important to get the pricing and pricing model right. Buyers should align their preferred pricing models for fire extinguisher with the wider industry and identify the cost-saving potential.
Fixed pricing, volume-based pricing, and spot pricing are the most widely adopted pricing models in the fire extinguisher. Each pricing model offers optimum benefits and fitment in specific situations. Buyers should identify the model that suits their operations in the best manner and link supplier performance to the pricing models.