Market Overview

Magnets Market: Magnets Price, Types of Magnets, Category Pricing Strategies, Supplier Selection Insights, and Market Spend Growth Data Now Available from SpendEdge


a global procurement market intelligence firm, has announced the release
of their Global
Magnets Category - Procurement Market Intelligence Report
. 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.

This press release features multimedia. View the full release here:

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

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.

a FREE sample report
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

  • 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, View
    the full report

SpendEdge is now offering limited-time discounts on report
purchases. Buy two reports and get
the third one for free.

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? Download
    a FREE sample

Suppliers selection

  • Supplier selection criteria
  • Service level agreement
  • Incumbent supplier evaluation metrics
  • Want more information? Download
    a FREE sample

Category ecosystem

  • Buyer ecosystem
  • Supplier ecosystem
  • Market favorability index for suppliers
  • To view this report's table of contents, Download
    a FREE sample

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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.

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