Over the past couple of years, the global inductors market has experienced a steady increase in prices owing to the rise in costs of key input elements such as electrodes, dielectrics, and additives. The growth of the inductors market can be attributed to factors such as increasing number of product launches and developments in the consumer electronics sector, adoption of smart grids, demand for passive electronic components, and use of inductors in automotive electronics. Furthermore, the strong growth of major end-user industries such as telecommunications, healthcare, industrial, military and defense, consumer electronics, automotive, and power transmission and distribution are expected to drive the global inductors market. (Source: Global Inductors Market Procurement Report)
In APAC, the market is driven by the use of inductors in filters, sensors, transformers, motors, energy storage, and audio networks. In terms of countries, the major demand comes from China, India, Taiwan, and South Korea among others due to the robust growth in office automation, automotive, telecommunication, and consumer electronics sectors. Transmission and distribution, and defense are the other end-user industries of inductors in the region. The market in Europe is expected to grow significantly during the forecast period due to the increased use of inductors in smartphones, refrigerators, televisions, and cell phones. The major contributors to the market are Germany, the UK, France, and Italy. Furthermore, APAC is expected to register the highest growth among the global inductor market (in terms of absolute figures) during the forecast period compared with other regions due to the rising manufacturing industries, especially in Japan and India.
Over the past couple of years, the inductors market has experienced a steady increase in prices owing to the rise in costs of key input elements such as electrodes, dielectrics, and additives. Inductors are sold at a fixed price irrespective of the quantity bought. Prices offered by suppliers depend on the number of items purchased.
Managing raw material price volatility and negotiating on pricing and contractual terms are two of the most effective cost-saving levers in the inductors market. Moreover, consolidating spend, rationalization of the supply base, and optimizing consumption and wastage will increase their process efficiencies, reduce overall costs, achieve increased economies of scale, and transfer these savings to buyers.
In 2018, a leading supplier in the inductors market launched compact and high-current 0806 size metal alloy inductors for automotive applications due to its increased demand. These inductors are suitable for use in information electronics in automotive applications that demand higher reliability. The information electronics include automotive information equipment such as infotainment systems. Suppliers in the inductors market are also evaluating capabilities that enable designers to improve efficiency and potentially reduce the size of DC/DC converter circuitry.
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Read more about the market outlook of the global inductors market along with procurement best practices, pricing insights, supply market insights, and market innovations in SpendEdge’s upcoming report on the global inductors market.
Today, the retail shopping behavior and pattern of the customers have drastically changed due to the ease of availability of internet and smart devices. Additionally, with the growing preference for mobile shopping over the traditional methods of shopping, retail firms in the consumer electronics space are looking for promising solutions to streamline their sourcing and procurement processes. As a result, leading consumer electronics retailers across the globe have started leveraging the use of robust sourcing analysis studies. These studies help consumer electronics retailers standardized, centralized, and streamline their sourcing and procurement process across business units.
With years of proficiency in offering strategic sourcing solutions, SpendEdge helps consumer electronics retailers devise superior sourcing and procurement best practices. Additionally, these solutions also help clients decrease their turnaround time for their procurement processes.
The Procurement Pain Point and Insights Offered
A leading consumer electronics retailer was facing predicaments in achieving effectiveness and efficiency across their sourcing and procurement processes. Additionally, the client was also facing difficulties in establishing a flexible resource deployment model to improve their productivity of internal operations. Also, the client wanted recommendations on standardized reporting tools to measure the spend management capabilities across the supply chain.
To cater to the specific business requirements of the consumer electronics retailer, the strategic sourcing analysis experts at SpendEdge tailored a comprehensive research methodology. This all-inclusive research methodology included primary and secondary research coupled with qualitative and quantitative data collection procedures.
During the course of this sourcing analysis engagement, the consumer electronics retailer was able to identify and assess the sourcing strategies in terms of low-cost and best-cost country locations. Additionally, the client was recommended with robust approaches and tools to devise quick strategic sourcing and procurement processes across platforms and business units consequently helping them achieve significant cost savings.
Fundamental questions answered in this sourcing analysis engagement include
The strategic sourcing analysis engagement helped the consumer electronics retailer gain actionable insights into the supplier negotiation strategies to engineer procurement best practices across the supply chain. Additionally, the client was able to streamline their procurement efforts significantly.
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The global 3D display market is anticipated to grow significantly in the upcoming years due to the increase in adoption of 3D displays in various fields such as gaming, video, photography, education, defense, and engineering simulation. Additionally, consumer electronics manufacturers (CEMs) are trying to improve the user experience by enhancing product displays to deliver a true 3D content. However, according to the commodity price analysis experts at SpendEdge, the high cost of 3D displays and price fluctuations are expected to hamper the growth of the market.
Consequently, to retain their foothold in this market space, consumer electronics manufacturers across the globe have started opting for commodity price analysis studies to stay on top of the price fluctuations and improve procurement decision making.
The Procurement Pain Point and Insights Offered
A leading consumer electronics manufacturer wanted to gain insights on the latest price trends and fluctuations in the market space. Additionally, the client also wanted to obtain a list of key suppliers and negotiate better contractual term. Furthermore, they also wanted to gain a deeper understanding of the potential impact on the over costs of raw material sourcing.
To cater to the specific category requirements of the client, the commodity price analysis experts at SpendEdge followed an in-depth two-step research methodology, which included primary and secondary research coupled with qualitative and quantitative data collection procedures to address the client’s issue. During the course of this commodity price analysis study, the consumer electronics manufacturing client was able to compare their products and cost structure to that of their peers through SpendEdge’s competitive analysis. Additionally, the client was able to monitor the commodity price pressures and identify emerging risks across the supply chain. This helped the client gain a competitive advantage over their competitors and negotiate better contractual terms with suppliers. Furthermore, this commodity price analysis study helped the client identify and manage price and supply risks to their raw materials.
Key questions answered in this commodity price analysis study include
The price analysis study helped the consumer electronics manufacturing client gain price forecasts over the upcoming months. Additionally, the client also obtained recommendations to stay on top of the price fluctuations and improve procurement decision making across the supply chain.