Electric Motors Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026

Electric Motors Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026

  • Published: Aug 2022
  • Pages: 149
  • SKU: IRCMSTR21534

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Electric Motors Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The electric motors procurement category is projected to grow at a CAGR of 6.04% during 2022-2026. The prices are outlined to rise by 3%-5% during the forecast period and suppliers will have moderate bargaining power in this market. ABB Ltd., Siemens AG, and Nidec Corp. are a few of the key suppliers in the electric motors market.

Electric Motors Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth AnalysisElectric Motors Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

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Who are the Top Suppliers in the Electric Motors Market?

This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the electric motors procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading electric motors suppliers profiled extensively in this report include:

Top Suppliers in the Electric Motors Market

Furthermore, this electric motors procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for electric motors requirements. In addition, the most adopted and high potential pricing models considered by buyers have been analyzed in this report, which will help understand business scopes for revenue expansion. These data will assist buyers to realize cost savings and identify business strategies to improve sales.

What are the Most Suitable Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA that Buyers Should Consider?

The electric motors procurement market report provides a detailed analysis of various supplier selection criteria, RFX questions, supplier evaluation metrics, and the service level agreements that the buyers should consider adopting to achieve significant cost savings, streamline the procurement process, and reduce category TCO while sourcing for electric motors requirements.

Electric Motors Market Supplier Selection Criteria, Supplier Evaluation Metrics, and SLA

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What are the Most Adopted Procurement Strategies by Buyers Across Industries?

The report provides a detailed insight of the most adopted procurement strategies by buyers across industries and an analysis of these strategies with respect to innovation, regulatory compliance, quality, supply, and cost. Adoption of these procurement strategies will enable the buyers to reduce category TCO and achieve cost savings while sourcing for electric motors requirements.

What are the Major Pricing Models Adopted by Buyers in Electric Motors Market?

The report discusses in detail each pricing model and the pros and cons attached to every pricing model prevalent in the market. Also, the report provides insights with respect to the category supply chain and the margins of various suppliers within the supply chain. These market analysis data will enable the buyers to make informed strategic sourcing decisions. Buy the full electric motors procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Electric Motors Procurement Pricing Model

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To optimize the value of the purchase, it is crucial to keep a track of current and future price trends. Price forecasts are beneficial in purchase planning, especially when supplemented by the constant monitoring of price influencing factors. During the forecast period, the market expects an incremental spend of USD 46.10 billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through an analysis of the below factors:

  • Identify favorable opportunities in electric motors TCO (total cost of ownership)
  • Expected changes in price forecast and factors driving the current and future price changes
  • Identify pricing models that offer the most rewarding opportunities

What will the Spend Growth and Demand be by Region?

The electric motors market will register an incremental spend of about USD 46.10 billion during the forecast period. However, only a few regions will drive the majority of this growth. Moreover, on the supply side, North America, Europe, and APAC will have the maximum influence owing to the supplier base. The growth is expected to be primarily driven by increasing demand and adoption of the category across those few regions. To get a detailed analysis of the volume drivers that are driving the adoption of the category across regions, buy the full report now!

The drivers and inhibitors that influence these global and regional outlooks are elaborated in detail in this procurement report. Our in-depth growth decomposition analysis covers details on:

  • Factors driving the growth (or lack of it) in individual geographies
  • Regions that hold the most rewarding opportunities for buyers and suppliers
  • Spend growth and regional spend segmentation over the coming years

Electric Motors Procurement Spend Growth Analysis

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What are the Major Category Management Objectives for Electric Motors Sourcing?

A targeted strategic approach to electric motors sourcing will provide several opportunities. However, in the absence of actionable intelligence on electric motors, buyers may end up focusing on a tactical sourcing strategy without any focus on cost-saving opportunities. Hence, this report focuses on category management initiatives such as top-line growth, scalability of inputs, and green initiatives, which will assist buyers to formulate a strategic procurement strategy

The report explains the following key category management objectives that should form the base for sourcing strategy.

Category Management Objectives for Electric Motors Sourcing

To explore the extent of influence of category management objectives that can improve the efficiencies of the retailers, Request for a FREE Sample Report!

In addition to helping buyers in identifying the strategic goals and initiatives for category management, the report also has detailed insights into the most outsourced category management activities and category enablers which can simplify the procurement process for buyers.

Scope of Electric Motors

Report Specs

Details

Page number

149

Base year

2021

Forecast period

2022-2026

Spend growth (CAGR)

6.04%

Incremental spend

USD 46.10 billion

Pricing growth outlook

3%-5%

Pricing models

Fixed cost pricing model, Competitive-based pricing model, and Cost-plus pricing model

Supplier selection scope

The wide product portfolio, Ability to aid in the selection of appropriate design, Ability to supply electric motors that require low maintenance, and Availability of regional after-sales service

Supplier opportunities

Top-line growth, Scalability of inputs, Green initiatives, Category innovations, Supply base rationalization, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Customer retention, Reduction of TCO, and Supply assurance

Supplier selection criteria

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

Category management scope

Top-line growth, Scalability of inputs, Green initiatives, Category innovations, Supply base rationalization, Demand forecasting and governance, Minimalization of ad hoc purchases, Adherence to regulatory nuances, Cost savings, Customer retention, Reduction of TCO, and Supply assurance

Top suppliers

ABB Ltd., Siemens AG, Nidec Corp., General Electric Co., DENSO Corp., Hitachi Ltd., WEG Equipamentos Eletricos SA, Toshiba Corp., Mitsubishi Electric Corp, and Fuji Electric Co Ltd.

Market dynamics

Regional category spend in terms of percentage with respect to North America, South America, Europe, Middle East and Africa and APAC and global category spend and CAGR in terms of percentage over a span of 5 years.

Customization scope

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Electric Motors Procurement

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Executive Summary

  • Executive Summary

    Market Insights

    • Global category spend
      • Spend segmentation by region
        • Regional spend dynamics
          • Regional influence on global spend
            • Regional spend opportunity for suppliers

              Category Pricing Insights

              • Pricing
                • Discounts on Prices
                  • Pricing outlook
                    • Supplier cost structure
                      • Overview of pricing models
                        • Comparison of pricing models
                          • Supply chain margins
                            • Cost and Volume drivers: Impact on pricing

                              Cost-saving Opportunities

                              • Cost-saving levers
                                • Quantifying cost-saving opportunities
                                  • Quantifying cost savings by negotiation strategies
                                    • Tactical cost saving levers
                                      • Strategic cost saving levers

                                        Best Practices

                                        • Innovation and success stories
                                          • Procurement excellence best practices
                                            • Procurement best practices
                                              • Sustainability practices

                                                Category Ecosystem

                                                • Market favorability index for suppliers
                                                  • Threat of rivalry
                                                    • Buyer power
                                                      • Supplier power
                                                        • Threat of new entrants
                                                          • Threat of substitutes
                                                            • Buyer ecosystem
                                                              • Supplier ecosystem
                                                                • Ecosystem disruption threats

                                                                  Category Management Strategy

                                                                  • Strategy objectives
                                                                    • Supplier and buyer KPI's
                                                                      • Outsourcing category management activities
                                                                        • Outsourcing category management activities
                                                                          • Risk management
                                                                            • Risk management

                                                                              Category Management Enablers

                                                                              • Procurement organization
                                                                                • Category enablers

                                                                                  Suppliers Selection

                                                                                  • RFx essentials
                                                                                    • Supplier selection criteria
                                                                                      • Service level agreement
                                                                                        • Incumbent supplier evaluation metrics

                                                                                          Suppliers under Coverage

                                                                                          • Suppliers covered
                                                                                            • Market positioning of suppliers
                                                                                              • Market positioning of suppliers
                                                                                                • ABB Ltd.
                                                                                                  • Siemens AG
                                                                                                    • Nidec Corp.
                                                                                                      • General Electric Co.
                                                                                                        • DENSO Corp.
                                                                                                          • Hitachi Ltd.
                                                                                                            • WEG Equipamentos Eletricos SA
                                                                                                              • Toshiba Corp.
                                                                                                                • Mitsubishi Electric Corp
                                                                                                                  • Fuji Electric Co Ltd.

                                                                                                                    US Market Insights

                                                                                                                    • Category spend in the US
                                                                                                                      • Pricing outlook in the US
                                                                                                                        • Category margins
                                                                                                                          • Category cost drivers
                                                                                                                            • Category volume drivers
                                                                                                                              • Overview of best practices in the US
                                                                                                                                • US supply market overview
                                                                                                                                  • Market positioning of suppliers
                                                                                                                                    • Market positioning of suppliers
                                                                                                                                      • Regional category risks
                                                                                                                                        • Regional category risks

                                                                                                                                          Category Scope

                                                                                                                                          • Category scope

                                                                                                                                            Appendix

                                                                                                                                            • List of abbreviations
                                                                                                                                              • Key notes

                                                                                                                                                Research Framework

                                                                                                                                                SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                                                                                                                                                INFORMATION SOURCES

                                                                                                                                                Primary sources

                                                                                                                                                • Procurement heads
                                                                                                                                                • Category managers
                                                                                                                                                • Sourcing consortium professionals
                                                                                                                                                • Industry experts and thought leaders
                                                                                                                                                • Procurement managers
                                                                                                                                                • Category heads of suppliers
                                                                                                                                                • Client account heads/managers
                                                                                                                                                • Client and industry consultants

                                                                                                                                                Secondary sources

                                                                                                                                                • Industry journals and reports
                                                                                                                                                • Periodicals and new articles
                                                                                                                                                • Category webinars
                                                                                                                                                • Internal categiry playbooks
                                                                                                                                                • Industry and government websites on regulations and compliance
                                                                                                                                                • Internal databases
                                                                                                                                                • Industry blogs/thought leader briefings

                                                                                                                                                DATA ANALYSIS

                                                                                                                                                Electric Motors Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2022-2026
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                                                                                                                                                The electric motors procurement market will grow at a CAGR of about 6% during 2020-2024.
                                                                                                                                                During 2020-2024, the electric motors procurement market will register an incremental spend of about 45 $ billion.
                                                                                                                                                ABB Ltd., Siemens AG, DENSO Corp., Nidec Corp., General Electric Co., WEG Electric Corp., Regal Beloit Corp., Hyosung Corp., Toshiba Corp., and AMETEK Inc. are some of the prominent suppliers in electric motors market.
                                                                                                                                                Fixed cost model, competitive-based pricing model, and cost-plus pricing model are the widely adopted pricing models in electric motors procurement.
                                                                                                                                                During the forecast period, the price for electric motors procurement will increase by 3%-5%.