Posted by No amusement park is complete without a ferris wheel. After all, many people look forward to enjoying ferris wheel rides with their kids, families, friends and loved ones. However, buying a ferris wheel for your amusement park can be quite costly. Additionally, there are many different types, models, features etc to consider. We will cover the 5 main factors that affect the cost of ferris wheels so you’ll be better informed to make a good decision.
Features
There are many different types of ferris wheels that come with many different features. In most cases, the more features that a ferris wheel has, the more costly it will be. A ferris wheel with basic features will also likely cost less. It is even possible to request manufacturers to make a ferris wheel for you that has unique features, specific engineered seats, custom speeds and much more which will impact the price.
Capacity & Size
Next, you can purchase ferris wheels of varying sizes and capacities. A ferris wheel that can hold a lot of people would typically be more expensive than a ferris wheel with a smaller capacity. Also, ferris wheels with larger capacities usually make use of modern designs which increase their price.
Manufacturer Type
There are lots of different amusement rides manufacturers that build ferris wheels and each one would have a different price range for their machines. This is due to the fact that they all have different methods for building them. Also, older and more established brands would likely have more expensive ferris wheels as oppose to newer brands that are now entering the market and trying to gain popularity by lowering their prices. There are many buyers who often opt for the newer brands due to their lower prices, however, this is a risk because there is no assurance of the quality of the machines or even how long they would last. This is a risk that must be carefully considered.
Cost
Next, ferris wheel manufacturers undergo many costs in order to build ferris wheels. For example, they will have to deal with varying material costs, production costs, distribution costs etc. Manufacturers will need to take all of these costs into consideration before determining the final price of their ferris wheels while ensuring that they make a profit.
Competition
Whenever a mini ferris wheel manufacturer is in the process of setting prices for their machines, they need to pay attention to the competition and their prices. This would vary from one country to the next since these manufacturers would also have to work with the regulatory bodies within each of their countries which set a price bracket for the cost of ferris wheels.
Supply & Demand
Lastly, supply and demand also plays a huge part in the cost of ferris wheels. There are particular seasons where there is a high demand for ferris wheels by buyers and manufacturers often take advantage of this by increasing their prices. Do keep in mind that there are also seasons of lower demand where manufacturers experience very low sales volume and their prices drop as a result. So, the fluctuating price is necessary to ensure that they remain profitable and in business.
Conclusion
We have just looked at the 6 main factors that affect the cost of ferris wheels. This should give you a deeper understanding about how ferris wheels are priced and what you need to pay attention to before buying one.
Click to find the professional carousel ride supplier.