2013-02-01 15:28:09 - Fast Market Research recommends "Global Mining Survey 2013-2014 - Market Trends, Buyer Spend and Procurement Strategies in the Global Mining Industry" from ICD-Research, now available
"Global Mining Survey 2013-2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Mining Industry" is a new report by ICD Research that analyzes how global mining industry companies' procurement expenditure, business strategies, and practices are set to change in 2013-2014. This report provides data and analysis on category-level spending outlooks, budgets, supplier selection criteria, business challenges, and investment opportunities of leading purchase decision makers in the global mining industry. The report also identifies future growth of buyers and suppliers, MandA, and e-procurement in the global mining industry. This report not only grants access to the opinions and strategies of business decision makers and competitors in the global mining industry, but also examines their actions surrounding business priorities. The
report also provides access to information categorized by region, company type, and sizes.
Full Report Details at
- www.fastmr.com/prod/532020_global_mining_survey_20132014_market_ ..
Introduction and Landscape
Why was the report written?
This report is the result of an extensive survey drawn from ICD Research's exclusive panel of leading global mining industry executives. The report provides data and analysis on buyer expenditure, procurement, and developments within the global mining industry. This report includes key topics such as global mining industry buyer expenditure and procurement behaviors and strategies. This report identifies the threats and opportunities within the global mining industry, economic outlook trends, and business confidence within global mining industry executives.Most secondary research reports are based on general industry drivers and do not understand the industry executives' attitude and changing behaviors, creating a gap in presenting the business outlook of the industry. In an effort to bridge this gap, ICD Research created this primary-research based report by gathering the opinions of multiple stake holders in the value-chain of the global mining industry.
What is the current market landscape and what is changing?
Executives from the global mining industry anticipate an increase in levels of consolidation, with 54% of respondents projecting an increase in merger and acquisition (MandA) activities in 2013.
What are the key drivers behind recent market changes?
Revenue and margin pressures created by rising cost of raw materials, and resources and fluctuations in the commodity markets, have prompted companies to consolidate positions and look for MandA to stabilize operations.
What makes this report unique and essential to read?
"Global Mining Survey 2013-2014: Market Trends, Buyer Spend and Procurement Strategies in the Global Mining Industry" is a new report by ICD Research that analyzes how mining industry companies' procurement expenditure, business strategies, and practices are set to change in 2013-2014. This report gives you access to the category-level spending outlooks, budgets, supplier selection criteria, business challenges, and investment opportunities of leading purchase decision makers. The report also identifies future growth of buyers and suppliers, MandA, and e-procurement. This report not only grants access to the opinions and strategies of business decision makers and competitors, but also examines their actions surrounding business priorities. The report also provides access to information categorized by region, company type, and sizes.
Key Features and Benefits
Project industry trends and revenue growth expectations in 2013 and understand business confidence to make informed business decisions.
Drive revenues by understanding future product investment areas and key growth regions.
Uncover key challenges and opportunities and identify key actions required to maintain and win buyer business.
Formulate effective sales and marketing strategies by identifying how buyer budgets are changing and the direction of spending in the future. Better promote your business by aligning your capabilities and business practices with your customer's changing needs.
Secure stronger customer relationships by understanding the behavior and changing strategies of industry buyers.
Key Market Issues
China is identified to be the important region for growth among emerging markets, along with India, Brazil, and South Africa. Expansion of mining activities, increase in demand for metals, together with strong economic growth, are considered the important reasons by respondents for selecting these regions.
'Market uncertainty', 'falling demand', 'responding to pricing pressure', and 'retention or recruitment of skilled staff are identified by respondents as the pressing business concerns in the global mining industry. Among buyers, 50% of respondents rate 'market uncertainty' as the important business concern in 2013, while 42% highlight 'falling demand'. Among suppliers, 'market uncertainty' and 'responding to pricing pressure' are considered the significant business challenges in 2013, according to 57% and 36% of respondents respectively.
The average size of the global annual procurement budget among mining industry buyers is forecast at US$78 million for 2013. A comparison of global procurement budgets by operating region shows that global mining industry buyers with leading operations in North America have the highest average procurement budgets in 2013, at US$156 million.
ICD Research is a full-service global market research consultancy service. Their specialities include online research, qualitative and quantitative research, custom approach and actionable insights. ICD-Research's capabilities provide a one-stop research and analysis service with full-spectrum consulting, from problem definition, through conducting fieldwork, to delivery of strategic recommendations. View more research from ICD-Research at www.fastmr.com/catalog/publishers.aspx?pubid=1029
About Fast Market Research
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