LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Excavators Category - Procurement Market Intelligence Report. This report estimates the spend growth momentum for this category to increase due to the rise in replacement of existing excavator equipment with new ones to meet emission control mandates. The category growth is also attributed to the increasing number of construction projects globally, which is driving the demand for construction machinery like mini excavators.
“Buyers should select suppliers whose component vendors are certified with the concerned industry standards and have a strong regional presence aligning with the production unit of the former. This aids in the ease of accessibility of spare parts during operational failure of such components,” says SpendEdge procurement expert Tridib Bora.
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SpendEdge’s procurement market intelligence reports for the heavy industry category highlights the key category management objectives along with insights into category pricing. It helps the buyers in analyzing the supplier relationship management metrics during the category procurement process. Additionally, SpendEdge’s reports provide insights on the sustainability and procurement best practices for the category.
The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the excavators market.
- Replacement of existing excavator equipment with new ones to meet emission control mandate
- Increasing investments toward the development of infrastructure facilities in developing countries
- To know more, View the full report
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Report scope snapshot: Excavators market
US market insights
- Category spend in the US
- Price outlook
- Supplier cost structure in the US
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Category management strategy
- Category management objectives
- Supplier and buyer KPIs
- Risk management
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Category ecosystem
- Competitiveness index for suppliers
- Buyer ecosystem
- Supplier ecosystem
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