DUBLIN--(BUSINESS WIRE)--The "Global Electric Motors - Procurement Market Intelligence Report" report has been added to ResearchAndMarkets.com's offering.
One of the procurement best practices for buyers is to engage with suppliers that are highly capable of predictive maintenance of electric motors.
According to the report, one of the key growth contributors for the global electric motors market is the increase in the production of electric vehicles, including cars and motorcycles. Further, the report states that a major procurement challenge experienced by the buyers is the difficulty in assessing the expected maintenance cost during procurement.
The automobile industry is one of the major end-users of electric motors. It holds nearly 30%-35% of the global electric motors market. Also, emerging countries such as India, China, Vietnam, Brazil, Mexico, Nigeria, and Poland are expected to register steady growth in the industrial environment due to the establishment of global businesses in these countries due to low cost and increasing number of plants being set up across various end-user industries. This rise in industrialization will increase the demand for electric motors from end-user sectors in these countries, driving the growth of the global electric motors market.
The report provides actionable insights to improve source-to-contract cycle performance in the Global Electric Motors Market. It helps sourcing professionals formulate better category strategies, enhance savings, understand supplier and market challenges, and implement sourcing best practices.
The report provides up-to-date information about market shifts and potential risks, as well as in-depth knowledge of products and services, which can help in planning and in executing category management activities. It focuses on the cost-saving aspects of procurement and on providing insights that can lead to optimization of category spend.
- Denso Corporation
- General Electric
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
For more information about this report visit https://www.researchandmarkets.com/research/hbpt5j/global_electric?w=4