Machine Tools Procurement Research ÔÇô Market Trends and Spend Analysis by SpendEdge

April 24, 2018

LONDON–(BUSINESS WIRE)–#machinetools—SpendEdge,
a global procurement intelligence advisory firm, has announced the
release of their ÔÇÿMachine
Tools Market Procurement Research Report.ÔÇÖ The insights and data
in this report provide a strategic analysis of the supply markets,
factors influencing purchasing decisions, procurement best practices,
pricing models, supplier landscape, and an analysis of the supplier
capability matrix for the utilities
industry. This report breaks down the data and analysis behind
the procurement of machine tools and acts as an all-inclusive guide for
making smart purchasing decisions.


ÔÇ£The growth of end-user industries such as aerospace and automotive
will influence the growth of the machine tools category,ÔÇØ says SpendEdge
procurement analyst Tridib Bora. ÔÇ£Also, the rise in production
facilities and the expansion of manufacturing plants will drive the
growth of the market in the APAC region,ÔÇØ added Tridib.

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Procurement analysts at SpendEdge highlight the following top three
market trends that are contributing to the growth of the Global Machine
Tools Market:

  • Increasing use of automation across different machine tools
  • Rising focus on sustainability during procurement of machine tools
  • Incorporation of 3D printing technology for machine tools manufacturing

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the report snapshot before purchasing

Increasing use of automation across different machine tools

In the recent years, the machine tools category is shifting toward
automation. The buyers in the market are increasingly adopting automated
machine tools to reduce the spend on human resource. With the help of
automation, the buyers can minimize their labor costs.

Rising focus on sustainability during procurement of machine tools

Globally, the buyers are focusing on the procurement of
environmental-friendly machine to reduce the increasing carbon
footprints. This facilitates synergies among the buyers and suppliers to
reduce the overall carbon footprint.

Incorporation of 3D printing technology for machine tools
manufacturing

The suppliers in the machine tools category are incorporating 3D
printing technology for fabricating and manufacturing machine tools.
This helps the suppliers improve the efficiency of buyers production
process.

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our report snapshot to gain detailed insights into the current
market trends.

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About SpendEdge

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.

Contacts

SpendEdge
Anirban Choudhury
Marketing Consultant
US: +1
630 984 7340
[email protected]