Foldable Chair Price
he global competitiveness in the seat manufacturing industry is forcing the seat manufacturers to make price cuts to cater for the increased profitability and demand of customers. Some companies have reduced their seat price by as much as 40 percent. While other companies have done so much so that they have resorted to making direct mail and bulk orders for their products. This is being viewed by the global market players as an opportunity to strengthen their position in the market by reducing price on already established products, or by introducing new products in the market and capturing a larger share of the pie.
One thing is for sure. The global market players are aware of this and see this opportunity in the lucrative and competitive landscape. Companies with deep pockets and more money at stake are willing to explore all options, including those which may seem to be counter intuitive. The question is whether they can pull it off and whether the impact will be felt by customers. The experts believe that it is possible because of the increasing importance of the leisure consumer in the global economy. We can safely say that leisure has become the heartbeat of today’s society and this will lead to greater focus on quality and lower prices, something which can help the market players and consumers in the long run.
The experts believe that the global market players will adopt a wait and watch strategy and wait to see what happens in the second half of the decade. They also expect that competition will increase as the technology improves. While there are rumors about the introduction of flat panel TVs in the near future, the experts are not too enthusiastic about that particular topic. Instead, they focus on the prospects such as wireless TV and internet TV and the impact it would have on the overall picture quality. While it is true that such technologies will usher in a revolution in the television industry, the experts feel that we should focus more on the benefits such technologies will have on the overall consumer experience and not on the impact on price. That said, it should be noted that the cost savings which may result from the use of these technologies will have a positive effect on the overall competitiveness of the market players.
Will the Foldable Chair Price Drop?
On the other hand, a decrease in the foldable chair price will have an adverse impact on the competitive landscape of the market. As mentioned earlier, competition will increase as the technology improves. This means that the lower prices must come down if the manufacturer wants to remain a relevant player in the market. The reduction of the foldable chair price therefore implies a loss to the competing manufacturers.
A decline in the foldable chair price will mean a loss to the consumers of these chairs because of two main reasons. First, the consumers who purchase such chairs will have to pay significantly more than those who buy traditional chairs. Second, the reduced production costs will force many manufacturers to reduce their production levels leading to a glut of cheap chairs on the global market. As a result, the consumers will only be able to avail of the cheap chairs at wholesale prices meaning a further loss for the consumers of foldable chair.
The global economic situation has a great bearing on the foldable chair price. The global economy is currently recovering from recession and the prices of global commodities have been falling for some time. The weakness of the US dollar vis-a-vis the currencies of most major economies, including the US dollar, has also increased the costs of the commodities which are priced in US dollars. The combination of these factors mean that the consumer of foldable chairs will not benefit from the lower price offered by any manufacturer. The price cut may provide the impression that there is a shortage of these chairs on the global market but this is only going to result in a short term reduction in the prices and the consumer will be back on the market in a matter of weeks looking for the same chair at a higher price.