Cost Pressures Lifting Prices but Lower Price Options Remain
Mounting industry pressures have seen an increase in radar prices across the board, in particular for robust mobile solutions.
In recent times the market has requested many increases in the specifications of radars, which have translated into increased costs. Some of these new demands include newer engine systems and longer servicing intervals, increased environmental regulations, increases in hardware reliability, faster scanning speeds, increased scan angles, increased data processing and the automation of manual tasks such as electric jacks and more remote functionality, on top of the natural cost escalation of inflation.
In addition, an increasing rate of parts obsolescence as input technologies change has resulted in significantly increased engineering costs.
“We continue to absorb as many costs as possible, and we continue to increase our productivity and reduce our internal costs, however some of these cost have to be passed on, especially for mobile solutions,” said John Beevers, CEO & MD of GroundProbe.
GroundProbe is conscious that some segments of the market are willing to trade off some functionality for lower cost options, which is why we offer fixed installation radars installed on concrete slabs, often in shelters.
“Permanently installed radars do not require trailers, power supplies, additional mounts and weather-proofing, nor the additional engineering and ruggedisation to survive being dragged around the rough terrain of a mine. We are pleased to say that the sale price of these units can reflect these lower costs,” said Lachlan Campbell, Vice President Marketing & Technology.
The company has also been trying hard to find ways to create great value solutions for our customers.
“One such solution has been offering attractive trade-in prices for older radars,” said David Noon, Vice President Global Operations & Sales.
If you have any questions relating to our range of radars, and different cost options, feel free to contact your local GroundProbe office.