Industrial Wires and Cables Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

Industrial Wires and Cables Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

  • Published: Feb 2021
  • Pages: 120
  • SKU: IRCMSTR21385

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Industrial Wires And Cables Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The industrial wires and cables procurement category is projected to grow at a CAGR of 5.08% during 2021-2025. The prices are outlined to rise by 5%-8% during the forecast period and suppliers will have a High bargaining power in this market. Prysmian Group, Furukawa Electric Co. Ltd., and Southwire Co. LLC. are a few of the key suppliers in industrial wires and cables market.

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Who are the Top Suppliers in the Industrial Wires And Cables Market?

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

Furthermore, this industrial wires and cables procurement market report provides detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for industrial wires and cables requirements. In addition, 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 industrial wires and cables procurement market report provides detailed analysis into 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 procurement process, and reduce category TCO while sourcing for industrial wires and cables requirements.

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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 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 industrial wires and cables requirements.

What are the Major Pricing Models Adopted by Buyers in Industrial Wires And Cables 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 industrial wires and cables procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Request for a FREE sample to access the latest price forecasts, market drivers, TCO reduction opportunites for industrial wires and cables market

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 50.76 $ billion due to various market drivers prevalent across multiple regions. Also, the report speaks about various cost-saving factors through analysis of the below factors:

  • Identify favorable opportunities in industrial wires and cables 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 industrial wires and cables market will register an incremental spend of about 50.76 $ 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 Industrial Wires And Cables Sourcing?

A targeted strategic approach to industrial wires and cables sourcing will provide several opportunities. However, in the absence of actionable intelligence on industrial wires and cables, 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.

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.

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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

                            Industrial Wires and Cables Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025
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                            The industrial wires and cables procurement market will grow at a CAGR of about 5.08% during 2021-2025.
                            During 2021-2025, the industrial wires and cables procurement market will register an incremental spend of about 50.76 $ billion.
                            Prysmian Group, Furukawa Electric Co. Ltd., Southwire Co. LLC., Nexans, Fujikura Ltd., Sumitomo Corp., Belden Inc., LS Cable & System Ltd., Finolex Cables Ltd., and Encore Wire Corp. are some of the prominent suppliers in industrial wires and cables market.
                            Fixed-cost pricing, competition-based pricing, and cost-plus pricing are the widely adopted pricing models in industrial wires and cables procurement.
                            During the forecast period, the price for industrial wires and cables procurement will increase by 5%-8%.