DUBLIN--(BUSINESS WIRE)--The "Global Metal Fabrication Equipment Category - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.
Procurement research report on the metal fabrication equipment market provides procurement professionals with up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services. This report provides a detailed analysis of the supply market, procurement challenges, and procurement best practices which can help in planning and executing category management activities. It also focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
The growth of the metal fabrication equipment market may be attributed to increased equipment budgets of buyers and growth in demand from end-user industries such as automotive, heavy engineering, construction, and mining. Metal fabrication equipment finds application in various industries such as automotive, construction, and heavy engineering.
The demand from the automotive industry has been acting as a prime growth factor as sales volume of passenger vehicles grew from about 77 million units in 2016 to 79 million in 2017. Additionally, top automobile manufacturers are aiming to increase production to meet the rising demand for automobiles from consumers. This, coupled with reshoring initiatives of automobile manufacturers is driving the growth of the global metal fabrication equipment market.
One of the procurement best practices for buyers is to establish long-term partnerships with equipment suppliers. Most fabrication equipment is accounted for in the capital assets of a company, which the company uses for 3-5 years or more. This emphasizes the need for long-term supplier-buyer partnership to enhance product support for the buyer. In addition, engaging in long-term partnerships would enhance product development as suppliers will be able to work more closely with the buyers to understand their processes and provide customized solutions if feasible.
Key Topics Covered:
Part 1: Category At A Glance
Part 2: Scope Of The Report
Part 3: Market Insights
Part 4: Supply Market Insights
Part 5: Pricing Insights
Part 6: Procurement Insights
Part 7: Top Five Suppliers
- Shenyang Machine Tool
For more information about this report visit https://www.researchandmarkets.com/research/2vks95/global_metal?w=4