LONDON--(BUSINESS WIRE)--SpendEdge, a global procurement market intelligence firm, has announced the release of their Global Non-Destructive Testing Equipment Category - Procurement Market Intelligence Report. This report forecasts an accelerated spend growth momentum for this category owing to its rising demand from sectors like infrastructure and power generation. Adding to this, the revival of interest rates is also driving the demand for the non-destructive testing equipment supply market.
“In order to get access to a variety of products and curb inventory management and storage costs, buyers should lease the equipment instead of procuring them in large quantities,” says SpendEdge procurement expert Angad Singh. “In the NDT market, the suppliers should be evaluated on their inventory optimization and management capabilities,” added Angad.
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SpendEdge’s procurement market intelligence reports for the components and spares category highlight the key strategic sourcing and category management metrics. They help the buyers and the suppliers to identify category pricing dynamics, which facilitate significant cost-savings. 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 non-destructive testing equipment market.
- Rising demand from infrastructure and power generation sectors
- Interest rates revival
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Report scope snapshot: Non-destructive testing equipment market
US Market insights
- Supplier cost structure in the US
- Category cost drivers
- Category volume drivers
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- Supplier selection criteria
- Service level agreement
- Incumbent supplier evaluation metrics
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Category pricing insights
- Cost drivers impacting pricing
- Volume drivers impacting pricing
- Outlook for input costs
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