Posts

ATM Services Procurement Intelligence: ATM Services category is expected to have pricing growth outlook of 5.6% From 2023 To 2030

  ATM Services  Procurement Intelligence The ATM Services category is anticipated to grow at a CAGR of 5.6% from 2023 to 2030. Asia Pacific region accounts for the highest ATM usage. According to Asian Banking & Finance, the Asia Pacific region accounted for more than 40% of the number of automated teller machines globally in 2021. Owing to technological advancement, the category has seen a drastic transformation and has changed the cash systems. Banks are aiming to enhance the speed, security, and user-friendliness of their ATMs. Some of the key trends in the industry include cash recycler, contactless transactions, cash withdrawals, more appealing user interfaces, mobile integration, biometric identification, and remote teller assistance to name a few. Cash recycling would help the machines to accept, sort, validate, and store banknotes. This can enable customers to use machines to withdraw and deposit cash eventually reducing labor costs. According to UK’s RBR 2023 repo...

Bearings Sourcing Intelligence: Bearings category is expected to have pricing growth outlook of 10.6% From 2023 To 2030

  Bearings  Procurement Intelligence The bearings category is expected to grow at a CAGR of 10.6% from 2023 to 2030. The Asia Pacific region accounts for the largest overall share. China and India have their major contribution to the market growth. Factors such as increasing demand for EVs, growth of the aerospace sector, rising industrialization, infrastructure development, technological innovations, and growing focus on renewable energy are driving the growth. One of the key trends is the increasing demand for electric and hybrid vehicles that utilize the use of developed technology which requires placing additional bearings within it. Additionally, precision bearings, which are utilized in several industrial automation applications, are in higher demand as the Industrial IoT and Industry 4.0 technologies gain traction and drive the need for bearings in industrial automation. Order your copy of the Bearings category procurement intelligence report 2023-2030 , published by Gr...

Aluminum Procurement Intelligence: Aluminum category is expected to have pricing growth outlook of 5.8% From 2023 To 2030

  Aluminum  Procurement Intelligence The aluminum category is anticipated to grow at a CAGR of 5.8% from 2023 to 2030. The Asia Pacific region accounted for the majority of the overall share in 2022. The rising shift towards electric vehicles and the increasing demand from end-use industries such as automotive, and construction are driving the category growth. One of the major developments is the rise in the use of inert anode technology in the smelting process to reduce CO2 emissions. Order your copy of the Aluminum category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis Aluminum Procurement Intelligence Report Scope The Aluminum category is expected to have pricing growth outlook of 3-6% from 2023 to 2030, with below pricing models. Volume-based pricing model spot pricing model Supplier Sel...

Fourth-Party Logistics (4PL) Procurement Intelligence 2030 : Fourth-Party Logistics (4PL) Category Is Estimated To Expand Further At A CAGR Of 6.90%

Fourth-Party Logistics (4PL) Procurement Intelligence The 4PL category is anticipated to grow at a CAGR of 6.9% from 2023 to 2030.  North America accounts for the largest share. Factors such as the increasing growth in online shopping and the e-commerce sector, the rising need for efficient warehouse management systems, automated order fulfillment, inventory and returns management systems, and enhanced post-purchase and payment systems are driving the growth of this category. One of the key trends is the increasing use of robotic picking arms and vision systems in large warehouses to reduce errors and boost productivity. Order your copy of the Fourth-Party Logistics (4PL) category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis   Fourth-Party Logistics (4PL) Procurement Intelligence Repor...

Caustic Soda Sourcing Intelligence Forecast To Register CAGR Of Over 5.1% Till 2030

  Caustic Soda Procurement Intelligence The caustic soda category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.  In 2022, the category size was esti ​ mated to be valued at USD 40.6 billion with the Asia-Pacific region's dominance as a result of a rise in raw material industrial demand for textiles, paper, and other materials as well as manufacturing hubs. The category is escalated globally, owing prominently to its intense abilities and importance across both the residential sector & industries. It is a versatile compound that finds numerous applications across different industries from primary usage in detergents, packaging, and treatment to food, chemical, and automobile. Another factor fueling the category growth is its use in processes such as, making drugs and bauxite purification. Being a primary product for many industries, demand for it remains high, whether it is for parts of EV in cars or the water treatment business. The category is also widely ut...

Carbon Steel Procurement Intelligence To Grow Substantially At A CAGR Of 4.0% Till 2030

  Carbon Steel   Procurement Intelligence The carbon steel category is expected to grow at a CAGR of 4.0% from 2023 to 2030.  The APAC region accounts for the largest category share and is anticipated to be the fastest-growing region in the forecast period. Factors such as the rise in the need for carbon steel in infrastructure development, the automotive sector, construction sites, and machinery are driving the category growth. One of the key trends is the use of this product in the shipbuilding industry owing to the growing demand in China, and Southeast Asia. Availability of cheap labor and technological advancement are the reason companies are shifting their shipbuilding manufacturing to these countries. Order your copy of the Carbon Steel category procurement intelligence report 2023-2030 , published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourci...

Chlorine Sourcing Intelligence: Chlorine category is expected to have pricing growth outlook of 5.00% From 2023 To 2030

  Chlorine   Procurement Intelligence The chlorine category is anticipated to grow at a CAGR of 5.0% from 2023 to 2030.  In 2022, the category size was estimated to be valued at USD 35.7 billion with the chemical industry leading the market share as chlorine is a key ingredient in the production of a variety of chemicals, including PVC (polyvinyl chloride), bleach, solvents, pesticides, and pharmaceuticals. This broad range of applications is the primary driver of its growth. The demand for chlorine is closely linked to industrial sectors such as water treatment, disinfection, cleaning agents, etc., that further fuel the category expansion. Another growing factor is the increased consumption of fertilizer in the agricultural business. In June 2022, two new antimicrobial and disinfection products, KEEPER and OXINE, have been introduced by Kemin Food Technologies - Asia, a manufacturer of ingredients. These new solutions treat food, water, and food contact surfaces, includi...