LONDON--(BUSINESS WIRE)--Sep 4, 2018--, a global procurement market intelligence firm, has announced the release of their . The market experts forecast an accelerating spend growth momentum for the magnets market owing to its extensive usage across end-user industries like the electric vehicles and consumer electronics. The electric vehicles industry, which is currently experiencing an exponential market growth, poses a high demand for magnets to manufacture car components like steering, transmission, and braking systems and other entertainment devices.

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Global Magnets Category - Procurement Market Intelligence Report (Graphic: Business Wire)

“ Vertically integrated suppliers have a control over the prices of raw materials. Therefore, it becomes a necessity for the buyer to select suppliers who can supply the raw materials at a stable price and assist in tackling the price dynamism of the raw materials,” says SpendEdge procurement expert Anil Seth.

to get better insights into the crucial factors that are influencing the price and market growth of the different types of magnets. SpendEdge sample reports are free of charge and provide insights that focus on the cost-saving aspects of procurement and the optimization of category spend

SpendEdge’s procurement market intelligence reports for the components and spares category offer a detailed overview of the sustainability and procurement best practices for both the buyers and the suppliers. These reports offer valuable inputs such as major category management objectives and analysis of the total cost of ownership while devising an effective category management strategy.

The procurement experts at SpendEdge expect the following factors to play a key role in influencing the global category spend for the magnets market.

Extensive usage of magnets as magnetic sensors in the consumer electronics industry Increasing demand for electromagnets for the production of devices such as loudspeakers, relays, actuators, and MRI machines. To know more,

Report scope snapshot: Magnets market

US market insights

Category volume drivers Overview of best practices in the US Procurement best practices in the US Interested to know more about the scope of our reports?

Suppliers selection

Supplier selection criteria Service level agreement Incumbent supplier evaluation metrics Want more information?

Category ecosystem

Buyer ecosystem Supplier ecosystem Market favorability index for suppliers To view this report’s table of contents,

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SpendEdge shares your passion for driving sourcing and procurement excellence. We are a preferred procurement market intelligence partner for Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence that helps sourcing and procurement professionals make informed decisions. These innovative procurement solutions help enterprises transform structural capabilities, improve execution efficiency, and fast-track time to savings.

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CONTACT: SpendEdge

Anirban Choudhury

Marketing Consultant

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UK: +44 148 459 9299

https://www.spendedge.com/contact-us

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY HARDWARE MANUFACTURING OTHER MANUFACTURING NATURAL RESOURCES MINING/MINERALS AUTOMOTIVE OTHER AUTOMOTIVE

SOURCE: SpendEdge

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PUB: 09/04/2018 09:35 AM/DISC: 09/04/2018 09:35 AM

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