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Grinding Machine Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis
The grinding machine procurement category is projected to grow at a CAGR of 3.59% during 2022-2026. The prices are outlined to rise by 2%-4% during the forecast period and suppliers will have moderate bargaining power in this market. AMADA CO. LTD., 3M Co., and JTEKT Corp. are a few of the key suppliers in the grinding machine market.
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Who are the Top Suppliers in the Grinding Machine Market?
This report offers detailed insights and analysis of the major cost drivers, volume drivers, and innovations of the grinding machine procurement and sourcing market, which the global suppliers have been leveraging to gain a competitive edge across regions. Some of the leading grinding machine suppliers profiled extensively in this report include:
Furthermore, this grinding machine procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for grinding machine 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 grinding machine 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 grinding machine requirements.
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What are the Most Adopted Procurement Strategies by Buyers Across Industries?
The report provides a detailed insight into 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 grinding machine requirements.
What are the Major Pricing Models Adopted by Buyers in Grinding Machine 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 grinding machine procurement market report now to get comprehensive details on pricing models
Price Strategies and Benchmark
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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 0.94 $ 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 grinding machine 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 grinding machine market will register an incremental spend of about 0.94 $ 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
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What are the Major Category Management Objectives for Grinding Machine Sourcing?
A targeted strategic approach to grinding machine sourcing will provide several opportunities. However, in the absence of actionable intelligence on grinding machines, 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 supply assurance, category innovations, and cost savings, 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.
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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.
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Scope of Grinding Machine |
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Report Specs |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Spend growth (CAGR) |
3.59% |
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Incremental spend |
0.94 $ billion |
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Pricing growth outlook |
2%-4% |
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Pricing models |
Fixed pricing, Volume-based pricing, and Market pricing |
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Supplier selection scope |
Ability to provide retrofit solutions, Effectiveness of periodic maintenance, Compatibility of equipment to site conditions, and Warranties |
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Supplier opportunities |
Vertical integration, Reducing total ownership cost, Conference participation, Managing commodity price volatility, Negotiate on pricing and contractual terms, Quality Management, Managing inventory shrinkage, Supplier synergies, and Operations Automation |
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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 |
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Category management scope |
Supply assurance, Category innovations, Cost savings, Adherence to regulatory nuances, Top-line growth, Minimalization of ad hoc purchases, Reduction of TCO, Customer retention, Scalability of inputs, Green initiatives, Supply base rationalization, and Demand forecasting and governance |
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Top suppliers |
AMADA CO. LTD., 3M Co., JTEKT Corp., Okuma Corp., DANOBATGROUP, United Grinding Group Management AG, Erwin Junker Maschinenfabrik GmbH, ANCA Pty Ltd., WMW Machinery Co., and Delapena Group |
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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. |
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Customization scope |
We can create customized sourcing/procurement reports with specific requirements for your business. |
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Executive Summary
Market Insights
Category Pricing Insights
Cost-saving Opportunities
Best Practices
Category Ecosystem
Category Management Strategy
Category Management Enablers
Suppliers Selection
Suppliers under Coverage
US Market Insights
Category scope
Appendix
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
