Personal Protective Equipment Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

Personal Protective Equipment Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025

  • Published: Nov 2021
  • Pages: 120
  • SKU: IRCMSTR22470

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Personal Protective Equipment Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

The personal protective equipment procurement category is projected to grow at a CAGR of 7.13% during 2021-2025. The prices are outlined to rise by 3%-5% during the forecast period and suppliers will have high bargaining power in this market. Honeywell International Inc., 3M Co., and Lakeland Industries, Inc. are a few of the key suppliers in the personal protective equipment market.

Personal Protective Equipment Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth AnalysisPersonal Protective Equipment Procurement - Sourcing and Intelligence Report on Price Trends and Spend & Growth Analysis

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Who are the Top Suppliers in the Personal Protective Equipment Market?

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

Top Suppliers in the Personal Protective Equipment Market

Furthermore, this personal protective equipment procurement market report provides a detailed analysis of procurement strategies deployed by major category end-users across several industries while sourcing for personal protective equipment 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 personal protective equipment procurement market report provides a 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 the procurement process, and reduce category TCO while sourcing for personal protective equipment requirements.

Personal Protective Equipment 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 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 personal protective equipment requirements.

What are the Major Pricing Models Adopted by Buyers in Personal Protective Equipment 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 personal protective equipment procurement market report now to get comprehensive details on pricing models

Price Strategies and Benchmark

Personal Protective Equipment 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 $ 29.86 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 personal protective equipment 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 personal protective equipment market will register an incremental spend of about $ 29.86 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

Personal Protective Equipment Procurement Spend Growth Analysis

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What are the Major Category Management Objectives for Personal Protective Equipment Sourcing?

A targeted strategic approach to personal protective equipment sourcing will provide several opportunities. However, in the absence of actionable intelligence on personal protective equipment, 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 demand forecasting and governance, cost savings, and adherence to regulatory nuances, 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 Personal Protective Equipment Sourcing

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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.

Scope of Personal Protective Equipment

Report Specs

Details

Page number

120

Base year

2021

Forecast period

2021-2025

Spend growth (CAGR)

7.13%

Incremental spend

$ 29.86 billion

Pricing growth outlook

3%-5%

Pricing models

Volume-based pricing model, Fixed pricing model, and Competitive pricing model

Supplier selection scope

Wide-ranging product portfolio, Assistance in the selection of appropriate product, and Strong distribution network

Supplier opportunities

Negotiate on pricing and contractual terms, Quality management, Adoption of automation, Supplier synergies, Manage ad hoc spend, Ad-hoc spend management, Reducing inventory shrinkage, Conference participation, and Operations automation

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

Demand forecasting and governance, Cost savings, Adherence to regulatory nuances, Reduction of TCO, Supply assurance, Adherence to regulatory nuances, Supply base rationalization, Category innovations, Green initiatives, and Scalability of inputs

Top suppliers

Honeywell International Inc., 3M Co., Lakeland Industries, Inc., Dupont De Nemours Inc., Avon Rubber Plc, MSA Safety Inc., Cofra S.r.l. , Uvex Safety, Polison Corp., and Microgen Hygiene Pvt. 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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Personal Protective Equipment Procurement

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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

                            Personal Protective Equipment Sourcing and Procurement Report by Top Spending Regions and Market Price Trends - Forecast and Analysis 2021-2025
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