Catering Service Procurement Intelligence : Catering Service Category to Grow Immensely at a CAGR of 5.8% From 2023 to 2030
Catering Service Procurement Intelligence
In this catering service procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials, transportation costs, and rental cost form the largest cost component of catering service implementation. Raw materials account for 40% of the total cost. The cost also depends on the location, personnel cost, and pricing strategy. The cost of food is one of the most significant costs for catering companies. It can vary depending on the type of food being served, the quality of the food, and the location of the event. Another important cost for catering businesses is personnel cost as it accounts for 8-10% of the total cost which includes chefs, serving staff, supervisors, and other. Several variables, such as the distance to be traveled, the scale of the event, the kind of food being transported, and the time of day, can affect a catering service's cost of transportation.
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Operational Capabilities - Catering Services
Employee Strength - 25%
Years in Service - 25%
Revenue Generated - 15%
Geographic Service Provision - 15%
Certifications - 15%
Key Clients - 5%
Functional Capabilities - Catering Services
By type:
Wedding Catering - 25%
Corporate Catering - 15%
Social Events Catering - 15%
Contractual - 15%
Non-contractual - 15%
Others - 15%
Rate Benchmarking
The geographical location and nature of the business play a vital factor in analyzing the rate benchmarking of the catering service category. For example, catering services in the U.S. are typically more expensive than services in India. Living expenses are higher in the US than those in India because of the increased cost of food, labor, and other factors, catering services may become more expensive. In general, ingredients in the US are of a higher quality than those from India. This is due to strict food safety laws and the developed agricultural sector in the United States.
As a result, American catering businesses employ higher-quality ingredients, which may result in more expensive costs. The level of service is generally higher in theUS than in India. This is because catering companies in the US have more experience and expertise, and they are able to provide a higher level of personalized service. The cost of catering is higher in the UK than it is in China. The greater cost of living in the UK, the higher wages for catering personnel, and the higher price of food ingredients are a few reasons for this. In China, catering cost is often calculated per person or per table. Depending on the kind of event, the number of visitors, the menu, and the degree of service, the cost will change.
Supplier Newsletter
It is cumbersome for any organization to continuously track the latest developments in their supplier landscape. Our newsletter service helps them remain updated, to avoid any supply chain disruption which they may face, and keep a track of the latest innovations from the suppliers. Outsourcing such activities help clients focus on their core offerings. Our research on the catering services market has identified the following developments:
In February 2021, DoorDash, a U.S.-based online food ordering, and food delivery platform, acquired an automated food preparation company called Chowbotics. This acquisition will help DoorDash expand its current menu offerings as well as reach new customers in new markets without investing in an entirely new store.
In October 2020, Westbury Street Holdings (WSH), the company behind a number of foodservice brands operating in the U.K. and Europe, completed the acquisition of bartlett mitchell. With this acquisition, WSH strengthened its presence across Europe.
List of Key Suppliers
Ann Sather
Aramark Corporation
Aria catering
AVI Food Systems
Bartlett Mitchell
Black Olive Catering
Blue Plate
CH and Co Catering Group
Compass Group
Delaware North Companies
Browse through Grand View Research’s collection of procurement intelligence studies:
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Catering Service Procurement Intelligence Report Scope
Catering Service Category Growth Rate : CAGR of 5.8% from 2023 to 2030
Pricing Growth Outlook : 7% - 9% (Annual)
Pricing Models : Fixed price pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Quality, price, safety measures, cost and value, support and maintenance, regulatory compliance, flexibility, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Blister Packaging Category Is Estimated To Move Ahead At A Cagr Of 7.7% From 2023 to 2030
Blister Packaging Procurement Intelligence
In this blister packaging procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials, labor, R&D, and SG&A form the largest cost component of blister packaging. Operational costs include labor and fixed costs, depreciation, R&D costs, SG&A costs, insurance costs, and profit margins, among others, which account for around 40% of the total costs. Blister packaging manufacturing cost is primarily dominated by the expenses associated with raw materials, constituting more than 60% of the total manufacturing cost. The main contributors to the raw material costs are the forming film and lidding materials. The forming films, which are typically composed of PVC, experienced a significant price surge in 2020 due to the impact of COVID-19 and disruptions in the supply chain. Nevertheless, the prices gradually stabilized starting in 2021.
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Operational Capabilities - Blister Packaging
Geographic Service Provision - 35%
Years in Service - 15%
Certifications - 15%
Employee Strength - 15%
Revenue Generated - 10%
Key Clients - 10%
Functional Capabilities - Blister Packaging
By Technology Type:
Thermoforming - 13.33%
Cold Forming - 13.33%
Thermo Cold Complex Blistering - 13.34%
By Types of Blister Packaging:
Thermoformable - 10%
Face Seal - 10%
Trapped - 10%
Full Card Blister - 10%
Clamshell - 10%
Skin Packaging - 10%
Rate Benchmarking
When analyzing rate benchmarking of blister packaging, the type of forming film plays a crucial role. In our study, we compared the rates of six different forming films: polyvinyl chloride (PVC), polyvinylidene chloride (PVDC), chlorotrifluoroethylene (CTFE), polypropylene (PP), polyethylene terephthalate (PET), and polystyrene (PS). Through rate benchmarking analysis, we discovered that PVDC and CTFE forming films have a price per unit area that is 60% to 80% higher than PP, PET, PS, and PVC forming films. Among these options, PVC forming films offer the lowest price per unit area and demonstrate an 80% better water vapor transmission rate (WVTR) compared to PVDC, CTFE, and PP forming films. Due to its high cost-efficiency ratio in terms of price per unit area, PVC films are the preferred choice of forming film material for blister packaging suppliers.
Supplier Newsletter
Organizations may find it cumbersome to continuously track all the latest developments in their supplier landscape. Outsourcing the activities related to gathering intelligence allows organizations to focus on their core offerings. At this juncture, our newsletter service can help organizations stay updated with the latest developments and innovations and subsequently assist in preventing disruptions in the supply chain. We have identified the following developments within the blister packaging category over the last two years:
In June 2022, Henkel introduced plastic-free blister packs made from recycled paper. This will be made from 85% recycled paper and will contribute to the reduction of 1,000 tons of plastics annually.
In April 2022, Huhtamaki launched a Push Tab blister lid made of mono-material PET and free from aluminum. The product aims at improving the recyclability of the packaging and adhering to the safety requirements of the pharmaceutical industry.
In February 2022, CuePath Innovation Inc. launched generation 2 smart blister packaging solutions. This would provide medication monitoring and adherence support for products.
In August 2021, Klockner Pentaplast launched its new recyclable PET blister film, kpNext. It is the only PET recyclable blister that is completely compatible with pharmaceutical manufacturing form, fill, and seal equipment.
List of Key Suppliers
Amcor plc
Westrock Company
Blisterpak Inc.
Sonoco Products Company
Honeywell International Inc.
Klockner Pentaplast
Dow
Constantia Flexibles
UFlex Limited
ACG
Browse through Grand View Research’s collection of procurement intelligence studies:
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Blister Packaging Procurement Intelligence Report Scope
Blister Packaging Category Growth Rate : CAGR of 7.7% from 2023 to 2030
Pricing Growth Outlook : 5% - 10% (Annually)
Pricing Models : Contract-based pricing model, Fixed price pricing model
Supplier Selection Scope : Cost and pricing, past engagements, bulk purchasing, geographical presence
Supplier Selection Criteria : Types of packaging, quality, production capacity, source of manufacturing, regulatory compliance, category innovation, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Household Cleaners Contract Manufacturing Category Is Estimated To Move Ahead At A Cagr Of 11.0% From 2023 to 2030
Household Cleaners Contract Manufacturing Procurement Intelligence
In this Household Cleaners Contract Manufacturing procurement intelligence report, we have estimated the key cost components which include raw materials, labor, equipment & machinery, rent & utilities, packaging & transportation, and other costs. Other costs can be further bifurcated into research & development (R&D), administrative expenses, taxes & insurance, maintenance & repairs, depreciation, and interests.
The price charged by the contract manufacturers in the category might differ based on a number of variables, including the complexity of the project, the amount of output and inputs, location, raw material pricing, and more. Business enterprises (brand owners) need to assess about what they exactly expect when entering into a business relationship with a contract manufacturer.
The cost-plus pricing model is typically used by manufacturers in this category. This model is used to maximize the profit for the manufacturer. It entails adding up all costs associated with the product and adding on a percentage for profit. This model reduces the risk of underpricing or overpricing products. However, this model does not consider the value perceived by the consumer based on benefits, features, and product differentiation. In certain instances, manufacturers may prefer to use other pricing models, such as competition-based pricing or demand-based pricing.
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Operational Capabilities - Electric Vehicles
Industry Served - 20%
Years In Service - 15%
Revenue Generated - 15%
Employee Strength - 15%
Geographical Service Provision - 15%
Certifications - 10%
Key Clients - 10%
Functional Capabilities - Electric Vehicles
Type of EV (BEV / PHEV) - 25%
Driving Range - 25%
Power & Torque - 20%
Charging Specifications - 10%
Energy Consumption - 10%
Type of Battery & Capacity - 5%
Others - 5%
Rate Benchmarking
The key factor in the total cost of employing a contract manufacturer is location. Manufacturers in locations with greater cost of living, such as Western Europe and North America, typically charge more prices than those in Asia and Africa. The cost may vary depending on the region or nation due to differences in labor prices, tax laws, regulatory frameworks, and logistical issues challenges.
The average hourly rate for the companies offering contract manufacturing services by nations are USD 99.9 to 148.9 (in U.S.), USD 24.9 to 48.9 (in India), USD 49.9 to USD 98.9 (in U.K.), USD 25.9 to USD 49.9 (in Canada), USD 49.9 to USD 98.9 (in Australia), and USD 24.9 to USD 48.9 (in Mexico, Poland, and Spain).
Supplier Newsletter
In October 2022, Guy & O'Neill, Inc. announced the acquisition of U.S. wipes operations of Albaad, USA, Inc. This acquisition has helped Guy & O'Neill in improving quality, customer service, production capacity, innovation, and efficiency for both present and potential clients. The ongoing commitment of Guy & O'Neill to offer a wide range of products, product formats, categories, and consumer solutions was furthered by this acquisition.
In August 2022, Colep Consumer Product’s packaging entity Colep Packaging announced the acquisition of 40% stake in ALM, S.L. This acquisition helped Colep in developing and flourishing by diversifying its package offerings and offering a greater selection of packaging solutions made of sustainable materials. It is able to provide the market with additional options, adaptability, and personalization through technologically advanced solutions.
In February 2022, Essity AB announced the acquisition of Legacy Converting, Inc. the acquisition has helped Essity in strengthening it ‘Tork’ product brand (typically comprising wiping and cleaning products), thus, benefiting the company’s North American customer base. With an enhanced professional hygiene offering and deeper surface cleaning and disinfecting knowledge, Essity has turned into a single point of contact for customers' sustainable hygiene needs.
List of Key Suppliers
BMW AG
Tesla, Inc.
Volkswagen AG
General Motors Company
BYD Company Limited
Mercedes-Benz Group AG
Nissan Motor Co., Ltd.
Toyota Motor Corporation
SAIC Motor Corporation Limited
Stellantis N.V.
Ford Motor Company
Hyundai Motor Company
Renault SAS
XPeng Inc.
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Household Cleaners Contract Manufacturing Procurement Intelligence Report Scope
Household Cleaners Contract Manufacturing Category Growth Rate : CAGR of 11% from 2023 to 2030
Pricing Growth Outlook : 5% - 10% (Annually)
Pricing Models : Cost-plus pricing, competition-based pricing, demand-based pricing, hourly pricing, and fixed pricing
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Geographical service provision, years in service, employee strength, quality management system, technologies deployed in manufacturing, regulatory compliance & IP protection, assembly & storage capacity, transportation support, lead time, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Electric Vehicle Charging Connector Procurement Intelligence : Electric Vehicle Charging Connector Category to Grow Immensely at a CAGR of 1
Electric Vehicle Charging Connector Procurement Intelligence
In this electric vehicle charging connector procurement intelligence report, we have estimated the key cost components associated with its production. Raw materials/wires/ cables, energy/ electricity, machining/tooling/laser/ equipment, labor, mounting accessories, housing and packaging, and facilities are some of the important cost components. Different raw materials such as steel, copper, and aluminum are used in the wiring of electrical components. For the inner sheath and outer jacket of the cables, polymer materials, polycarbonate or polycarbonate blends are mainly used. Rubbers are used for insulation covers. Copper is one of the important cost components due to its high electrical conductivity and reliability.
In Q4 2023, polycarbonate prices in the North American region witnessed a bearish momentum due to low domestic and international demand. The low demand can be attributed to the oversupply of the product. Compared to Q3 2023, polycarbonate prices declined by 22% in Mexico in the first half of the fourth quarter. However, at the end of Q4, in Mexico, polycarbonate (GP grade) had stable prices as supply was consistent to meet the trader’s requirements. At the end of December 2023, polycarbonate prices reached USD 2,754 per metric ton in the NA region. In the European region, prices reached USD 2,927 per metric ton at the end of 2023. In Asia, prices reached USD 2,347 per metric ton at the end of 2023.
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Operational Capabilities - Electric Vehicle Charging Connector
Geographical Presence - 25%
Years In Service - 20%
Revenue Generated - 13%
Employee Strength - 13%
Industries Served - 10%
Certifications - 10%
Key Clients - 9%
Functional Capabilities - Electric Vehicle Charging Connector
Electricity Consumption
Low - 10%
Medium - 10%
High - 10%
Socket Type
NACS - 8.75%
CCS - 8.75%
GB/T - 8.75%
Others - 8.75%
Charging Time
Low - 7%
Medium - 7%
High - 6%
Charging Location
Individual House - 3.75%
Collaborative Building - 3.75%
Corporate Building - 3.75%
Public - 3.75%
Rate Benchmarking
The geographical location, supply chain complexities, and scale of business play a vital factor in analyzing the rate benchmarking of the electric vehicle charging connector category.
China's EV market dominance makes it a prime location for foreign investment in the rapidly expanding EV charging industry. Compared to the U.S., Norway, Germany, and India, EV chargers are significantly cheaper in China due to the country's national certification standards, production volume, and quality. The current market leaders for public EV charging companies in China comprise of TGOOD, Star Charge, YKC, and China State Grid. Together they constituted 65% of the market share in 2022.
For instance, as of 2022, the price of EV chargers in China was around USD 3,500 - 14,000 (range includes DC low power to high power price range). In India, the average price for the same power range was between USD 12,000 - 28000. Developed countries such as Germany had prices between USD 22,500 - 53,500 whereas U.S. chargers were the most expensive ones, ranging between USD 23,000 - 81,000.
Supplier Newsletter
In January 2024, Siemens AG acquired Heliox. The Netherlands-based company (or, acquiree) specializes in manufacturing DC fast chargers. The acquisition will complement the acquirer’s existing e-Mobility charging portfolio. Power levels from 40kW to more than a megawatt for commercial EV depots will be added under the agreement. Heliox will also help Siemens to expand its footprint in the European and North American region.
In December 2023, EasyLease purchased a 60% stake in Fully Charged, a U.A.E.-based company that specializes in EV charging technology and manufacturing. Through this acquisition, the acquirer will leverage Fully Charged’s technology to promote expansion in the Middle East and GCC region. This deal seeks to promote decarbonization in last-mile deliveries across the UAE and the GCC region.
In August 2023, Tesla acquired Wiferion, a German-based EV charging company for USD 76 million. The latter specializes in wireless charging. Tesla, through this acquisition, aims to incorporate Wiferion’s technology and thereby strengthen its charging segment.
In April 2023, ABB e-mobility announced its investment in a London-based company called Switch EV. The collaboration aims to take a more integrated approach in a fragmented EV charging operation market. Together, the companies will create an integrated solution across the value chain - incorporating Switch EV’s ISO 15118-2/-20 and OCPP 2.0.1. charger operating system and cloud-based charger management platform with their advanced software solutions. The companies main objective is to provide an advanced seamless EV charging ecosystem.
List of Key Suppliers
ABB Ltd.
Bosch Automotive Service Solutions LLC.
Tesla, Inc.
Siemens AG
YAZAKI Corporation
Sumitomo Electric Industries, Ltd
Huber + Suhner AG
ITT Cannon Inc.
Amphenol Corporation
Fujikura Global
Aptiv PLC
Hirose Electric Co., Ltd
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Electric Vehicle Charging Connector Procurement Intelligence Report Scope
Electric Vehicle Charging Connector Category Growth Rate : CAGR of 18.09% from 2023 to 2030
Pricing Growth Outlook : 5% - 18% (Annually)
Pricing Models : Cost-plus and time-based, energy-based, fixed rate, and hybrid pricing models
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : By socket type, charging power and time, electric consumption, operational and functional capabilities, quality measures, standards followed, certifications, regulations, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Electric Vehicle Battery Procurement Intelligence : Electric Vehicle Battery Category to Grow Immensely at a CAGR of 21.1% From 2023 to 2030
Electric Vehicle Battery Procurement Intelligence
In this electric vehicle battery procurement intelligence report, we have estimated the key cost components associated with battery production. The key cost components include raw materials, materials, energy, labor, packaging, depreciation, facilities and utilities, insurance and marketing. Raw materials can include a variety of chemicals such as lithium, nickel, cobalt, and manganese for cathode, graphite for anode, and polyolefin materials for separators. The components located outside of the cathode constitute almost 49% of the cost of a cell. As people move towards sustainable transportation, the cost of EV batteries has become a crucial factor to consider. Various factors can impact the total cost; however, the chemical composition of the battery is the most important factor. For instance, the cost of lithium iron phosphate (LFP) batteries, which are less energy-density batteries, have a lower average price of USD 98.5 per kWh compared to NMC and NCA batteries at USD 112 – 120 kWh range.
According to the IEA EV 2023 report, the impact of rising battery material costs varied across different battery types in 2022. The most significant increase was seen in LFP batteries, which rose by over 25%. Meanwhile, Nickel Manganese Cobalt (NMC) batteries saw an increase of less than 15% in 2022. LFP batteries do not contain nickel or cobalt, which are more expensive than iron and phosphorus. Therefore, the price of lithium has a relatively greater effect on the final cost of LFP batteries. In 2022, prices of lithium increased at a higher rate compared to nickel and cobalt. As a result, prices of LFP batteries rose steadily more than NMC batteries.
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Order your copy of the Electric Vehicle Battery category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Electric Vehicle Battery
Years in Service - 22%
Geographic Service Provisions - 20%
Employee Strength - 18%
Revenue - 15%
Industries Served - 10%
Certifications - 8%
Key Clients - 7%
Functional Capabilities - Electric Vehicle Battery
By Battery Type (Lithium Ion/ Lead Acid/ Ni Metal Hydride) - 50%
Battery Capacity (kWh)
High (>100 kWh) - 9%
Medium (51 to 100 kWh) - 8%
Low (0 to 50 kWh) - 8%
By Propulsion
Battery Electric Vehicle (BEV) - 13%
Plug-in Hybrid Electric Vehicle (PHEV) - 12%
Rate Benchmarking
The geographical location, supply chain complexities, and scale of business play a vital factor in analyzing the rate benchmarking of the electric vehicle battery category. Battery prices differ across regions. On average, China has the lowest prices for batteries, while the rest of the Asia Pacific region has the highest. This price gap is because China manufactures around 65% of battery cells and almost 80% of cathodes.
According to the Economic Times, in 2023, regional battery prices will be a crucial factor in the future as countries and companies aim to establish the battery supply chain locally. The cost of battery packs is the lowest in China, at USD 126 per kWh, while it is 11% and 20% more expensive in the U.S. and Europe respectively. The higher prices in the U.S. and Europe are due to their relatively immature markets, higher production costs, lower volumes, a diverse range of applications, and battery imports.
Supplier Newsletter
In November 2023, Stellantis announced a Memorandum Of Understanding (MoU) agreement with CATL. As part of the deal, the latter would be responsible for supplying LFP battery cells and modules to Stellantis’s EVs. The agreement states that the two involved companies would develop a technology roadmap to support Stellantis’s electrification strategy by strengthening the battery value chain.
In August 2023, CATL announced the launch of its LFP battery, named Shenxing. This superfast charging 4C battery can deliver a 400 km range of driving within 10 minutes of charging. On a single full charge, it can cover up to 700 km in range. The battery consists of a cathode using “super-electronic network technology” and an LFP cathode material which has been “fully nano-crystallized”. The main aim of this EV battery, Shenxing, is to create a network that eases the extraction of lithium ions and rapidly responds to charging signals.
In April 2023, Tesla Power announced its partnership with Indian Oil for distribution of battery in India. Through this cooperation, Tesla Power USA batteries will be able to sell and service their batteries at more than 36,000 IOCL gas stations in India. This would offer customers convenience and availability when buying and maintaining car batteries. Both lead-acid batteries and Lithium batteries will be offered by Tesla and the company will cater to all automotive and EV segments.
List of Key Suppliers
Contemporary Amperex Technology Co., Ltd. (CATL)
LG Energy Solution
BYD Company Ltd.
Panasonic Corporation
Samsung SDI Co., Ltd.
SK Innovation Co., Ltd.
Toshiba Corporation
EnerSys, Inc.
Mitsubishi Corporation
Hitachi, Ltd.
Tesla, Inc.
Gotion High Tech Co Ltd (Guoxuan High-Tech)
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Electric Vehicle Battery Procurement Intelligence Report Scope
Electric Vehicle Battery Category Growth Rate : CAGR of 21.1% from 2023 to 2030
Pricing Growth Outlook : 15% - 20% (Annually)
Pricing Models : Volume-based, contract-based
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Production capacity, type of battery, battery capacity, propulsion, operational capabilities, quality measures, certifications, data privacy regulations, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Vitamins and Dietary Supplements Sourcing Intelligence To Grow Substantially At A CAGR Of 8.5% Till 2030
Vitamins & Dietary Supplements Procurement Intelligence
In this Vitamins & Dietary Supplements procurement intelligence report, we have estimated the pricing of the key cost components such as raw materials, labor, technology and equipment, energy and utilities, packaging, labeling, and logistics, and other costs such as R&D, regulatory and compliance, rent, general and administrative, sales and marketing, and finance and taxes.
Vitamins & Dietary Supplements companies often use one of many pricing structures. The cost-plus pricing model is typically used by companies in this category. This model is used to maximize the profit for the manufacturer. It entails adding up all costs associated with the product and adding on a percentage for profit. This model reduces the risk of underpricing or overpricing products. However, this model does not consider the value perceived by the consumer based on benefits, features, and product differentiation. Hence, in certain instances, manufacturers may prefer to use other pricing models, such as competition-based pricing or demand-based pricing. In addition, bundled pricing is also used for complementary products or while selling a group of products.
Few of the key raw materials used in the manufacturing of products in this category include retinol, carotenoids, thiamin, riboflavin, ascorbic acid, cholecalciferol, calcium carbonate, and magnesium aspartate. Prices of active ingredients and excipients witnessed significant fluctuations in 2022 and 2023 due to supply-demand imbalances, geopolitical conflicts, and high inflation. For instance, the prices of ascorbic acid (used in vitamin C supplements) in the U.S. declined during the third quarter of 2023, due to a substantial drop in demand and significant availability of supply during this period. The Cost and Freight (CFR) values of ascorbic acid declined from USD 3700 - USD 3800 per metric ton (mt) in July to USD 3400 - USD 3500 per mt in September.
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Rate Benchmarking
The rates for this category are structured based on the scope and location of engagement, type of product, and type of pricing model. Additionally, the rates may vary based on the length of the contract. Long-term contracts are beneficial to both parties by providing security, stability, dedicated support, and strong partnerships.
The wholesale prices of vitamins and dietary supplements in the U.S. vary based on the type of product. For instance, in 2023, the wholesale per unit prices of multivitamins were in the range of USD 5 - USD 9, those of mineral supplements were in the range of USD 6 - USD 10, and the rates of liquid vitamins/minerals were in the range of USD 3 - USD 7.
Supplier Newsletter
In December 2023, ADM announced the acquisition of FDL. This acquisition is expected to strengthen ADM’s global capacity in flavored nutritional supplements and thus improve its reputation in nutrition. Moreover, this acquisition will enable ADM to leverage FDL’s capacity of 3 production facilities, 2 consumer innovation centers, and 10,000 patented flavor preparations and thus expand its capabilities in providing nutritional supplements in the UK.
In May 2023, DSM and Firmenich announced a merger to combine and reinvent their global businesses consisting of vital nutrients, fragrances, and flavors. This merger enabled both companies to work together to offer innovative solutions in the category, by leveraging their combined revenue of USD 13.17 billion. The merger is helping the combined business to augment key products such as minerals, vitamins, omega-3 fatty acids, and other such dietary supplements.
In February 2023, Bayer announced an expansion of its key sustainability initiative called as “Nutrient Gap Initiative”, with the goal of improving access to essential minerals and vitamins for more than 50 million individuals in underserved communities by 2030. With this expansion, Bayer aims to address malnutrition caused by deprivation of essential minerals and vitamins in such communities, in addition to improving immunity. Moreover, Bayer is also looking to provide access to prenatal nutrition and provide nutrition education to smallholder farmers under this initiative.
List of Key Suppliers
Abbott Laboratories
Amway Corporation
Archer Daniels Midland Company (ADM)
BASF SE
Bayer AG
DSM Nutritional Products AG
GSK plc
Herbalife International, Inc.
Lonza Group Limited
Pfizer, Inc.
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Vitamins & Dietary Supplements Procurement Intelligence Report Scope
Vitamins & Dietary Supplements Category Growth Rate : CAGR of 8.5% from 2023 to 2030
Pricing Growth Outlook : 5% - 10% increase (Annually)
Pricing Models : Cost-plus pricing, competition-based pricing, demand-based pricing, bundled pricing
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Geographical service provision, revenue generated, key regulatory certifications, years in service, employee strength, clientele, product portfolio, key technologies, distribution channels, application/end-use, customer ratings, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
LDPE Category Is Estimated To Move Ahead At A Cagr Of 4.63% From 2023 to 2030
LDPE Procurement Intelligence
In this LDPE procurement intelligence report, we have estimated the key cost components associated with product production. The total cost structure can be divided into three major heads – direct, indirect, and overhead costs. Direct costs mainly comprise raw materials, labor, energy, equipment and machinery, packaging, and transportation. The major two raw materials required for LDPE include ethylene and additives. Ethylene, with the help of polymerization, forms polyethylene, which then, through different processes, converts to LDPE. Changes in these components can have a significant impact on the total cost structure.
For instance, in the European region, in Q3 2023, LDPE prices witnessed a bearish trend due to low demand from the downstream industries. Prices continued to drop and reached USD 1,342/MT (Film grade) in the U.K. in September 2023. The primary reasons for the decline were attributed to the continued low prices of feedstock ethylene, no robust demand for the product in the summer season holidays, and reduced consumer spending as a result of unfavorable macroeconomic conditions such as rising interest rates and continued inflation. In the construction sector, the region also witnessed a reduction in the number of infrastructure projects.
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Operational Capabilities - LDPE
Years of Experience - 25%
Industries Served - 20%
Geographic Service Provision - 15%
Employee Strength - 12%
Revenue - 12%
Certification - 8%
Clientele - 8%
Functional Capabilities - LDPE
Production Capacity - 30%
Test Methods (ASTM) - 17%
By Characteristics
Purity - 15%
Grade - 12%
Density - 10%
Melt Index - 8%
Temperature - 8%
Rate Benchmarking
Every organization and its procurement team look forward to negotiating the best deal while procuring a set of products or subscribing to services. Rate benchmarking involves price/cost comparison of more than one set of products/services to analyze the most efficient combination that can potentially help the procurement team in getting the optimum rate.
The geographical location, scale of business, type of business, and industry served play a vital factor in analyzing the rate benchmarking of the LDPE category.
Asia Pacific is one of the leading manufacturing regions for polyethylene and ethylene. Many plastics and polymer manufacturers moved their facilities or operations to China for cost-effective reasons. The abundance of cheap labor, specialized production units, and the presence of multiple manufacturing units spread throughout the country help companies take advantage of economies of scale and have better negotiations with suppliers.
For instance, for packaging materials, large corporations such as Nestle, Philips, and Samsung outsource their manufacturing operations. Nestle outsourced its plastic packaging to a specialized manufacturer, which enabled the company to produce more sustainable packaging while maintaining the high quality and sturdiness of the product.
Compared to the U.S., China is still considered a world factory. The wages for labor in China can range around USD 5 - 15 per hour compared to USD 35 - 45 per hour in the U.S. On average, it has been found that workers in the plastic film sheet industry have earned USD 1,500 - 1,600 per month since 2020. The cost differences between U.S. and China manufacturing can be almost around 25 - 35%. Differences can vary based on production volume, negotiations with vendors, locations, quality, industry expertise, etc.
Supplier Newsletter
In August 2023, Megniu introduced all polyethylene yogurt pouch packaging in collaboration with Dow Chemical. The deal used the latter’s proprietary “INNATE TF BOPE” resins to ensure superior packaging. The newly formed packaging enables it to be integrated into closed-loop recycling by using advanced mechanical recycling technology.
In July 2023, Mepol Group was acquired by LyondellBasell. The acquiree, along with its subsidiaries, “Polar” and “Industrial Technology Investments Poland,” will be integrated into the “Advanced Polymer Solutions” business unit of LyondellBasell. The APS division of Lyondell mainly manufactures and distributes compounding solutions, including engineered plastics, masterbatches, powders, polypropylene compounds, etc. As a part of circular economy efforts, the deal aims to create recycled compounds using recycled or renewable sources and thereby expand the APS segment.
In February 2023, KIRKBI A/S signed a partnership agreement with LyondellBasell. Together, the companies would invest EUR 130 million (USD 140.5 million) in APK A/G. APK specializes in novel solvent-based recycling technology, “Newcyling”, mainly for LDPE. The company intends to increase the production of multi-layer flexible packaging components/materials with the help of this deal. Further, “Newcyling” production plants will be added to increase APK’s manufacturing capacity.
List of Key Suppliers
The Dow Chemical Company
LyondellBasell Industries N.V.
SABIC
Chevron Phillips Chemical
BASF SE
ExxonMobil Corporation
LG Chem Ltd
Westlake Corporation
Formosa Plastics Corporation
China Petroleum & Chemical Corporation (Sinopec)
INEOS AG
Dupont De Nemours Inc.
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
LDPE Procurement Intelligence Report Scope
LDPE Category Growth Rate : CAGR of 4.63% from 2023 to 2030
Pricing Growth Outlook : 10% - 12% (Annually)
Pricing Models : Volume-based, contract-based, spot-price based
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Production capacity, grade types, LDPE characteristics (temperature, density and melt index), ASTM methods, operational capabilities, quality measures, certifications, data privacy regulations, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Tax Advisory Services Category Is Expected to Grow at CAGR of 9.3% From 2023 to 2030
Tax Advisory Services Procurement Intelligence
In this Tax Advisory Services procurement intelligence report, we have estimated the key cost components which include consulting fee, technology costs, SG&A expenses, tax, and profit. Consulting fee can be bifurcated into salaries, benefits, overtime, cost of subcontractors, and other bonuses.
Tax advisory firms often use one of many pricing structures:
A prominent pricing structure used in tax advisory services is fixed-pricing structure, which guarantees that a service provider will receive the approved sum of money specified in the contract and have a predetermined, predictable pricing for the services indicated. Another type of pricing structure is based on time and materials, in which the price is decided by the staff costs and the amount of time needed to finish the task. This pricing structure is usually adopted when the time and resources required for a particular service cannot be realistically concluded beforehand.
An FTE-based pricing structure is also used in this category, where the service provider decides the pricing based on the headcount of resources working on the project. In addition, service providers in this category may also use value-based pricing, wherein the rates are decided based on the consumer’s perceived value of the service. For instance, performance-based pricing is a type of value-based pricing where the value is determined by performance metrics.
Few of the key services offered in this category by firms such as EY and Deloitte include tax planning, tax accounting, tax compliance, digital tax strategy, tax controversy management, cross-border tax advisory, inbound structuring, multi-country planning, audit assistance, indirect tax optimization, and diagnostic reviews. Tax managers in Deloitte are paid an average salary of USD 100,000 - USD 141,000 per year, and the same position in PwC commands an average salary of USD 102,000 - USD 151,000 per year. The average salary for tax managers in EY is USD 93,000 - USD 133,000 per year.
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Operational Capabilities - Tax Advisory Services
Industries Served - 25%
Years in Service - 20%
Revenue Generated - 15%
Employee Strength - 15%
Geographical Service Provision - 15%
Key Clients - 10%
Functional Capabilities - Tax Advisory Services
International Tax Services - 15%
Indirect Taxes - 15%
Financial Services Tax - 15%
Tax Controversy & Dispute Resolution - 15%
Tax Reporting & Strategy - 15%
Tax Policy & Administration - 15%
Others - 10%
Rate Benchmarking
The big four accounting firms namely Deloitte, KPMG, EY, and PwC charge an average price of USD 300 - USD 1300 per hour. Companies such as BDO and Grant Thorton charge an average rate of USD 200 - USD 900 per hour. Enterprises such as Crowe and BKD charge an average fee of USD 150 - USD 400 per hour.
The rates for tax advisory services are structured based the scope and location of engagement, type of pricing model, and whether ancillary services are being provided. In addition, the rates may vary based on the length on contract. Long-term contract agreements can be beneficial to both parties by providing stability, security, firm pricing structure, dedicated support, and stronger partnership.
Supplier Newsletter
In December 2023, Ryan LLC announced the acquisition of Morrison & Head LP. This acquisition helped Ryan to expand its market presence and add a talented group of property tax professionals to its team. Furthermore, with this acquisition, Ryan was able to offer a complete suite of innovative tax services to a new client base and provide software solutions to enhance tax-saving opportunities.
In October 2023, KPMG International Limited announced the acquisition of Cloutier Longtin Inc. This acquisition helped KPMG to strengthen its presence in Canada by leveraging Cloutier Longtin’s high-quality services in taxation and accounting. The acquisition also strengthened KPMG’s ability to cater to the needs of entrepreneurs on the North Shore of Montreal, one of the firm’s strategic regions.
In November 2022, Baker Tilly US LLP announced the acquisition of True Partners Consulting LLC (TPC). This acquisition helped Baker Lilly to leverage TPC’s strengths in corporate tax for public and private enterprises. With this acquisition, Baker Lilly was able to strengthen its corporate tax division and gather a new capability in unclaimed property. Moreover, the acquisition expanded Baker Lilly’s presence in major markets across the US, such as Boston, Chicago, Dallas, and Los Angeles.
List of Key Suppliers
BDO International Limited
CliftonLarsonAllen LLP
Crowe LLP
Deloitte Touche Tohmatsu Limited
DPNC Global LLP
Ernst & Young Global Limited
Grant Thornton LLP
KPMG International Limited
Marcum LLP
PricewaterhouseCoopers International Limited
RSM International Ltd.
USM-SBC Consulting LLP
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Tax Advisory Services Procurement Intelligence Report Scope
Tax Advisory Services Category Growth Rate : CAGR of 9.3% from 2023 to 2030
Pricing Growth Outlook : 4% - 8% increase (Annually)
Pricing Models : Fixed pricing, FTE-based pricing, time & materials pricing
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Industries served, years in service, revenue generated, employee strength, geographic service provision, international tax services, indirect taxes, financial services tax, tax controversy & dispute resolution, tax reporting & strategy, tax policy & administration, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Cleaning Services Procurement Intelligence Is Revenues To Grow At Nearly 6.7% From 2023 to 2030
Cleaning Services Procurement Intelligence
In this Cleaning Services procurement intelligence report, we have estimated the pricing of the key cost components. Raw materials (such as cleaning supplies and equipment) form the largest cost component of cleaning services. Together with transportation, license and permits, marketing, and labor, they account for 60-70% of the total cost. In cleaning services, some of the key raw materials may include dusting supplies, cleaning and washing detergents and surfactants, mops, brooms, and sponges, trash bags, gloves, acids, scrub brushes, carpet extractions, surface cleaning machines, sanitizing, and disinfecting supplies, etc. The average cost of cleaning supplies can vary each month depending on the business size, type of business, and geographic location. Costs will be higher for a manufacturing plant that requires specialized services and other industrial supplies compared to a small-sized business that requires only general cleaning supplies.
https://www.grandviewresearch.com/pipeline/cleaning-services-procurement-intelligence-report?utm_source=theprose&utm_medium=referral&utm_campaign=rahulnikade_18apr24_cleaningservices_rd
Order your copy of the Cleaning Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Electric Vehicles
Industry Served - 20%
Years In Service - 15%
Revenue Generated - 15%
Employee Strength - 15%
Geographical Service Provision - 15%
Certifications - 10%
Key Clients - 10%
Functional Capabilities - Electric Vehicles
Type of EV (BEV / PHEV) - 25%
Driving Range - 25%
Power & Torque - 20%
Charging Specifications - 10%
Energy Consumption - 10%
Type of Battery & Capacity - 5%
Others - 5%
Rate Benchmarking
The geographical location, scale, and type of business play a vital factor in analyzing the rate benchmarking of the cleaning services category. In our research, we have analyzed the rates of residential and commercial cleaning services in the U.S. region. The average commercial cleaning service prices are almost 60% to 70% higher than residential cleaning services. Prices also depend on the square foot area and the type of specialized cleaning services opted for. Commercial cleaning services consist of better-trained workers and superior machining capabilities, which further increases the cost. For instance, commercial carpet extractor machines are one of the most expensive machines, the cost of which can range from USD 9,000 to USD 18,000.
Supplier Newsletter
In March 2023, ABM Industries announced its multi-year partnership with Tropicana Field and Al Lang Stadium, Florida to provide housekeeping solutions and manage day to day event staffing. Through this partnership, ABM Industries aims to provide superior janitorial and cleaning services at the two venues, both of which span across one million square feet of stadium area.
In August 2022, ABM Industries announced its five-year partnership with Chicago City’s O’Hare International Airport. The partnership’s annual contract value is USD 25 million. Through this partnership, ABM aimed to provide total custodial and window cleaning, hygiene and disposal services on Terminals 1, 2 and 3 of the airport.
In November 2021, CCS Facility Services announced the acquisition of Total Cleaning Systems to strengthen and expand its facility maintenance and cleaning services along with customer base in the southeastern and midwestern part of the United States. Total Cleaning Systems has a rich 40 years of experience in the cleaning business.
List of Key Suppliers
BMW AG
Tesla, Inc.
Volkswagen AG
General Motors Company
BYD Company Limited
Mercedes-Benz Group AG
Nissan Motor Co., Ltd.
Toyota Motor Corporation
SAIC Motor Corporation Limited
Stellantis N.V.
Ford Motor Company
Hyundai Motor Company
Renault SAS
XPeng Inc.
Browse through Grand View Research’s collection of procurement intelligence studies:
Disposable Medical Gloves Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cyber Security Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Lab Equipment Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Commercial Real Estate Services Procurement Intelligence Report, 2023 - 2030 (Revenue Forecast, Supplier Ranking & Matrix, Emerging Technologies, Pricing Models, Cost Structure, Engagement & Operating Model, Competitive Landscape)
Cleaning Services Procurement Intelligence Report Scope
Cleaning Services Category Growth Rate : CAGR of 18% from 2023 to 2030
Pricing Growth Outlook : 5% - 10% (Annually)
Pricing Models : Cost plus pricing model, fixed price pricing model
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Type of EV, driving range, power & torque, charging specifications, energy consumption, type of battery and capacity, and other factors
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions
Advertising Services Procurement Intelligence : Advertising Services Category to Grow Immensely at a CAGR of 5.9% From 2023 to 2030
Advertising Services Procurement Intelligence
In this Advertising services procurement intelligence report, we have estimated the pricing of the key cost components. We have found that for an advertising agency, the total cost of ownership can be divided into five major categories - office expenses, production costs, labor, business setup costs, and other additional expenses. Office expenses include major cost components such as rent, maintenance, equipment, depreciation, and office supplies. Production costs include components such as multiple software integrations, customer relationship management (CRM) systems, SEO, digital marketing tools, social media tools, cameras, and other projectors. Labor accounts for 10 - 18% of the total services costs. Business set-up costs include licensing fees, corporate taxes, consultancy fees, and others. Production, labor, and office expenses form the largest cost components of advertising services. The different pricing models adopted by different agencies are - hourly-based pricing, project-based charges, retainer prices, recurring price model, performance-based pricing model, value-based pricing, and customized pricing. For a simple project, the average hourly prices can range from USD 50 - 600 per hour. For small to mid-sized companies, the average project prices can range between USD 1,000 - 12,000 depending on the complexity of the project.
https://www.grandviewresearch.com/pipeline/advertising-services-procurement-intelligence-report?utm_source=theprose&utm_medium=referral&utm_campaign=rahulnikade_18apr24_advertisingservices_rd
Order your copy of the Advertising Services category procurement intelligence report 2023-2030, published by Grand View Research, to get more details regarding day one, quick wins, portfolio analysis, key negotiation strategies of key suppliers, and low-cost/best-cost sourcing analysis
Operational Capabilities - Advertising Services
Geographical Service Provision - 35%
Industries served - 18%
Years in Service - 15%
Revenue Generated - 12%
Employee Strength - 12%
Certifications - 8%
Functional Capabilities - Advertising Services
Digital Marketing - 15%
SEO and PPC - 15%
Email and social media marketing - 15%
Content creation - 15%
Print advertising - 15%
Radio and TV Commercials - 15%
Others - 10%
Rate Benchmarking
The geographical location, type of business, and industry play a vital factor in analyzing the rate benchmarking of the Advertising services category. In our research, we have analyzed the rates of advertising services in the U.S. region. Factors such as the type of digital platform (for instance, Google, Facebook, LinkedIn, etc.), industry, ad quality, and relevance score also impacts the advertising prices. We also found that among digital advertisers, Google Ads has become one of the most popular PPC networks. The seven most used Google Ads are - Search Campaigns, Display Campaigns, Video Campaigns, Shopping Campaigns, Ad Campaigns, Local Campaigns, and Smart Campaigns. The type of industry affects the cost of Google Paid Ads. For instance, Google paid ad costs are higher for companies operating in the legal, real estate and accounting sectors. But the retail and e-commerce sectors have lower advertising costs. The average Cost per Click (Search) in the legal industry is around USD 5.88 - 7 compared to e-commerce which is between USD 0.88 - 1.5. The target country also impacts the prices. There are different CPC (Cost per click) based on the country. For instance, it costs more to target the U.S. compared to India. Similarly, prices for print advertising depend on the area circulation, the publication’s location, and the day of the week published. For instance, the minimum price for a full-page advertisement in the Los Angeles Times and Washington Post is USD 70,000 and USD 100,000 respectively compared to Milwaukee Journal Sentinel, which starts from as low as USD 15,000.
Supplier Newsletter
In April 2023, WPP announced the acquisition of a major audio/sonic branding company, amp, to expand and strengthen its sound branding business line. Through this acquisition, WPP will provide an immersive and customized audio experience for its customers via the amp’s AI platform. The platform uses generative AI and can effectively analyze, create, and manage multiple audio assets. Amp’s major clients include Mercedes-Benz, Kraft Heinz, General Motors, Deloitte, Shell, and Mastercard.
In April 2023, Omnicom Group Inc. announced a partnership with Adobe - Content Supply Chain Solutions, through its enterprise licensing deal. The deal will enable Omnicom’s agencies to have complete end-to-end visibility of the content process – from planning, production, activation, and optimization. The agencies will have access to other solutions such as Adobe Creative Cloud, Adobe Workfront, and Adobe Experience Manager. To offer specialized integrated services to its clients, Omnicom will integrate Adobe's technology with its platform and marketing system.
In March 2023, WPP entered a partnership with Braze, a customer engagement platform, to increase interactions between a consumer and a brand. The partnership will help brands deliver personalized content engagement across multiple channels by leveraging Braze’s and WPP’s joint integrations of their first-party data. Braze currently offers 100 integrations with other major technology partners.
List of Key Suppliers
IBM Corporation
Advanced Micro Devices
AiCure
Arm Limited
Atomwise, Inc
Ayasdi AI LLC
Baidu, Inc
Clarifai, Inc
Cyrcadia Health
Enlitic, Inc
Google LLC
H2O.ai
HyperVerge, Inc
Intel Corporation
Iris.ai AS
Lifegraph
Microsoft
NVIDIA Corporation
Sensely, Inc
Zebra Medical Vision, Inc
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Advertising Services Procurement Intelligence Report Scope
Advertising Services Category Growth Rate : CAGR of 38.1% from 2023 to 2030
Pricing Growth Outlook : 8% - 10% (Annually)
Pricing Models : Fixed fee pricing, cost plus pricing
Supplier Selection Scope : Cost and pricing, past engagements, productivity, geographical presence
Supplier Selection Criteria : Type, technical expertise, security measures, cost and value, support and maintenance, regulatory compliance, and others
Report Coverage : Revenue forecast, supplier ranking, supplier positioning matrix, emerging technology, pricing models, cost structure, competitive landscape, growth factors, trends, engagement, and operating model
Brief about Pipeline by Grand View Research:
A smart and effective supply chain is essential for growth in any organization. Pipeline division at Grand View Research provides detailed insights on every aspect of supply chain, which helps in efficient procurement decisions.
Our services include (not limited to):
Market Intelligence involving – market size and forecast, growth factors, and driving trends
Price and Cost Intelligence – pricing models adopted for the category, total cost of ownerships
Supplier Intelligence – rich insight on supplier landscape, and identifies suppliers who are dominating, emerging, lounging, and specializing
Sourcing / Procurement Intelligence – best practices followed in the industry, identifying standard KPIs and SLAs, peer analysis, negotiation strategies to be utilized with the suppliers, and best suited countries for sourcing to minimize supply chain disruptions