Global Elevators Category - Procurement Market Intelligence Report

This procurement report is a collation of expert’s anecdotes on the current elevators market. It includes forecasts of demand and supply of the different types of elevators, insights into the selection of the best and the most cost-effective elevators manufacturers, and directions towards procuring in the best elevators price in the market.

  • Published: Oct 2018
  • Pages: 105
  • SKU: IRCMSTR15033
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Elevators market overview

Major end-user industries such as mining, cement, ports and shipyards, logistics and warehousing, and petrochemical and refinery are increasing their focus on reducing their operating costs and improve productivity by curbing their dependence on the human workforce. This has necessitated the installation of various types of elevators suiting to the requirement of the production facilities. Moreover, the elevators manufacturers are banking on the recent growth of the e-commerce industry that is in turn, creating high demand for various types of elevators to cater to the logistics and warehousing storage needs. This procurement report also offers detailed insights into the elevators manufacturers market and identifies the key category growth drivers to help the buyers reduce spend.

Why should you buy the report?

This procurement report offers an information that is critical to determine the success rates of the procurement strategy in the elevators market. It highlights the category pricing strategies specific to geographies to enable investors to achieve discounted elevators price. This procurement report on the elevators market offers detailed information on the category pricing strategies to help the buyers achieve cost-savings. It also offers a coverage of the sustainability practices and the risk management/mitigation strategies to improve category spend.

Key insights offered in this report will help the buyers:

  • Understand the spend potential within the elevators market
  • Compare pricing models
  • Understand the supply chain margins
  • Analyze the global and regional spend opportunity

Understand the global category spend for elevators market        

Categorical information on the regions that offer better spend opportunities for different types of elevators helps the buyers and the suppliers to evaluate the prospects of a profitable investment in the market while incurring minimum risk. According to this procurement report, which is a part of SpendEdges heavy industry category, increasing urbanization coupled with an overall economic boost in countries such as India, China, South Korea, and Australia is resulting to a widespread industrialization. This is consequently increasing the demand for elevators in those regions; thereby, contributing to an increasing category spend in the coming years.

Additional insights offered in this procurement report include:

  • Global spend on elevators for the period of 2017-2022
  • Risk management strategies
  • Regional and global spend segmentation
  • Buyer and the supplier ecosystem

Optimize category spend for the elevators market

The buyers are advised to conduct a product teardown analysis by classifying the product into its individual components. This enables buyers to precisely identify the components that were delivered by the suppliers and record them in detail, including variations in weight, dimensions, and design approach. This will offer visibility on improvements to be done on the individual components, thereby; bolstering the functionality of the equipment.

This elevators procurement report also offers a coverage of:

  • Strategic sustainability practices
  • Supplier and the buyer KPIs
  • Major category enablers

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Understand the elevators supply landscape

An analysis of the elevators supply market shows that the buyers should engage with suppliers that have well-documented manufacturing processes and quality control systems in place. This helps suppliers to ensure availability of products, spare parts, and services that are consistent with industry standards in terms of quality.

This procurement report also identifies the major costs incurred by the suppliers and offers a coverage of:

  • Suppliers positioning strategy
  • Supplier evaluation criteria
  • Supplier ecosystem outlook

Build effective category management strategies for the elevators market

The category managers should partner with suppliers who can offer consolidated services that include installation of the equipment, maintenance services, and improve overall equipment effectiveness. This will enable the buyers to minimize ad-hoc spend by eliminating engagement with multiple suppliers.

Key insights offered in this procurement report on elevators will help the buyers identify:

  • Global and regional category risks
  • Category growth drivers
  • Supplier selection criteria


An analysis of the top elevators manufacturers, demand for different types of elevators, and the best negotiation levers are offered in this procurement report on the elevators.

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PART 01: Executive Summary

PART 02: Market Insights

  • Global category spend
  • Category spend growth
  • Spend segmentation by region
  • Regional spend dynamics
  • Regional influence on global spend
  • Regional spend opportunity for suppliers

PART 03: Category Pricing Insights

  • Pricing outlook
  • Supplier cost structure
  • Outlook for input costs
  • Total cost of ownership analysis
  • Overview of pricing models
  • Comparison of pricing models
  • Supply chain margins
  • Cost drivers impacting pricing
  • Volume drivers impacting pricing

PART 04: Cost-Saving Opportunities

  • Supplier-side levers
  • Buyer-side levers
  • Quantifying cost-saving opportunities
  • Quantifying cost savings by negotiation strategies

PART 05: Best Practices

  • Innovation and success stories
  • Procurement excellence best practices
  • Procurement best practices
  • Sustainability practices

PART 06: Category Ecosystem

  • Market favorability index for suppliers
  • Competitiveness index for suppliers
  • Buyer power
  • Supplier power
  • Threat of new entrants
  • Threat of substitutes
  • Buyer ecosystem
  • Supplier ecosystem

PART 07: Category Management Strategy

  • Category management objectives
  • Supplier and buyer KPIs
  • Outsourcing category management activities
  • Risk management

PART 08: Category Management Enablers

  • Procurement organization
  • Category enablers

PART 09: Suppliers Selection

  • RFx Essentials
  • Supplier selection criteria
  • Service Level Agreement
  • Incumbent supplier evaluation metrics

PART 10: Suppliers Under Coverage

  • Overview
  • Supplier positioning
  • Profile: Otis
  • Profile: Schindler
  • Profile: Kone
  • Profile: KLEEMANN
  • Profile: thyssenkrupp
  • Profile: Hitachi

PART 11: US Market Insights

  • Category spend in the US
  • Price outlook
  • Supplier cost structure in the US
  • Margins of suppliers in the US
  • Category cost drivers
  • Category volume drivers
  • Overview of best practices in the US
  • Procurement best practices in the US
  • US supply market overview
  • Supplier positioning for the US
  • Regional category risks

PART 12: Category Definition

  • Category hierarchy
  • Category scope
  • Category map

PART 13: Appendix

  • List of abbreviations
  • Key notes
  • Global category spend (2017-2022)
  • Category spend growth (2017-2022)
  • Regional spend dynamics
  • Regional spend dynamics
  • Comparison of category maturity across regions
  • Regional spend opportunity for suppliers (2017-2022)
  • Category pricing dynamics
  • Supplier cost breakup
  • Input cost dynamics
  • Total cost of ownership model
  • Benefit comparison of pricing models
  • Pricing models – comparison matrix
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Cost-saving opportunities: Supply-side levers
  • Cost-saving opportunities: Demand-side levers
  • Cost-saving opportunity matrix
  • Negotiation grid
  • Innovation and success stories
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management metrics
  • Strategic sourcing and category management metrics
  • Technology-facilitated procurement metrics
  • Procurement best practices dashboard
  • Sustainability practices: Impact on the category
  • Sustainability best practices
  • Market environment score
  • Market competitiveness score
  • Buyer power score
  • Supplier power score
  • Ease of market entry score
  • Ease of substitution score
  • Buyer ecosystem: Outlook
  • Supplier ecosystem: Outlook
  • Ecosystem disruption threats
  • Key category management objectives
  • Supplier KPI dashboard: Importance for the category
  • Buyer KPI dashboard: Importance for the category
  • Category management enablers
  • Risk management matrix
  • Category enablers: Procurement model
  • Category enablers: Technology
  • RFx questions
  • Phase I RFI considerations
  • SLA terms
  • Supplier performance benchmarking criteria
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Otis – Key information dashboard
  • Schindler – Key information dashboard
  • Kone – Key information dashboard
  • KLEEMANN – Key information dashboard
  • thyssenkrupp – Key information dashboard
  • Hitachi – Key information dashboard
  • US category spend (2017-2022)
  • Category pricing dynamics
  • Supplier cost breakup
  • Supplier margin analysis
  • Margin analysis across supply chain
  • Cost drivers
  • Volume drivers
  • Procurement excellence summary: Impact on the category
  • Supplier relationship management
  • Strategic sourcing and category management
  • Technology-facilitated procurement
  • Procurement best practices dashboard
  • Supplier operational capability matrix
  • Supplier positioning matrix
  • Risk management matrix
  • Category definition
  • Category nuances
  • Importance of category relative to other categories

Research Framework

SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.


Primary research

  • Procurement heads
  • Category managers
  • Sourcing consortium professionals
  • Industry experts and thought leaders
  • Procurement managers
  • Category heads of suppliers
  • Client account heads/managers
  • Client and industry consultants

Secondary research

  • Industry journals and reports
  • Periodicals and new articles
  • Category webinars
  • Internal categiry playbooks
  • Industry and government websites on regulations and compliance
  • Internal databases
  • Industry blogs/thought leader briefings



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