steverey's articles

Onshore Crane Rental Procurement Intelligence The onshore crane rental category is anticipated to grow at a CAGR of 4.6% from 2024 to 2030.  The rising construction activity levels, infrastructure projects, and industrial expansion are driving the demand for the category. Crane rental services comprise renting out various types of cranes, such as onshore, offshore, marine, mobile, […]
Passive Electronic Components Procurement Intelligence The passive electronic components category is anticipated to grow at a CAGR of 5.4% from 2024 to 2030.  The increasing adoption of IoT devices, expanding automotive electronics, and the proliferation of consumer electronics drive demand for passive electronic components such as resistors, capacitors, and inductors. Global demand for resistors is anticipated […]
Polyethylene (PE) Film Procurement Intelligence The polyethylene (PE) film category is anticipated to grow at a CAGR of 4% from 2024 to 2030.  The demand for the category is driven by its application in various industries such as packaging, agriculture, and construction. The growth is also fueled by its cost-effectiveness, durability, and versatility. The increasing global […]
Tube Packaging Procurement Intelligence The global tube packaging category is projected to grow at a CAGR of 5.7% from 2024 to 2030.  Key factors driving the growth of the global category include growing consumption of personal care products, rising use of flexible packaging formats, advancements in packaging technology, increasing demand from emerging markets, and a surge […]
Nylon Procurement Intelligence The nylon category is anticipated to grow at a CAGR of 6.5% from 2024 to 2030.  The increasing demand for lightweight and durable materials in industries such as automotive, textiles, and consumer goods are driving the growth of the category. The increase in car manufacturing is anticipated to boost the need for nylon […]
Mannequins Procurement Intelligence The mannequin category is anticipated to grow at a CAGR of 12.6% from 2023 to 2030.  The growing significance of visual merchandising in retail and the increasing emphasis on experiential and immersive shopping environments are driving the growth of the category. Furthermore, the evolution of store layouts and a focus on enhancing the […]
Liquefied Petroleum Gas (LPG) Procurement Intelligence The global liquefied petroleum gas (LPG) category is anticipated to grow at a CAGR of 3.7% from 2023 to 2030.  It is driven by growing acceptance of green and renewable energy sources in emerging and developed nations, rising understanding of the benefits of switching to LPG from fossil fuels, and […]
Lime Procurement Intelligence The global lime category is anticipated to grow at a CAGR of 3.2% from 2023 to 2030.  Growth of the category can be primarily attributed to increase in demand from construction, agriculture, steel, chemical, and manufacturing industries. For instance, lime is used in the production of several vital chemicals such as calcium carbide, […]
Lab Supplies Procurement Intelligence The global lab supplies category is anticipated to grow at a CAGR of 7.5% from 2023 to 2030.  Growth of the category can be attributed to a rise in life science research and clinical laboratory testing, and growth in financial support and investment for biotechnology and pharmaceutical research & development. The category […]
Managed Security Services Category Overview The global managed security services category is anticipated to grow at a CAGR of 15.4% from 2023 to 2030. It is witnessing growth owing to the factors such as rising adoption of services offered in the category due to increase in security breaches, stricter government laws pertaining to data security, […]
Iron Ore Category Overview The global iron ore category is anticipated to grow at a CAGR of 3.89% from 2023 to 2030. Growth of the category can be attributed to increased demand from manufacturing, automotive, energy and construction sectors due to increasing urbanization, and robust economic growth in emerging markets. Iron ores extracted from mines […]
Injection Molding Services Category Overview The injection molding services category is anticipated to grow at a CAGR of 4.8% from 2023 to 2030. The trends such as on-demand injection molding, adoption of automation, and focus on sustainability are driving the demand for the category. Rising awareness about pollution created by waste has increased the focus […]
IT Asset Disposition Services Procurement Intelligence The global IT asset disposition services category is anticipated to witness growth at a CAGR of 13.3% from 2023 to 2030.  Key factors that drive the growth of the category include increase in electronic trash across the globe, move towards deployment of energy efficient products, increased adoption of bring your […]
Primary Market Research Services Procurement Intelligence Procurement of primary market research services is evolving as it has helped organizations, brands, and individual researchers to stay up to date with industry trends. The global market was valued at USD 72.56 billion in 2023. The industry is experiencing swift transformation driven by technological progress, shifting consumer preferences, and […]
Cyber Security Procurement Intelligence The cyber security category is anticipated to grow at a CAGR of 12.3% from 2023 to 2030.  With a 34.9% share in 2022, North America dominated this category. Numerous prominent data breach incidents have recently made headlines between 2021 and 2022. Threats to company security exposed potentially millions of Americans' sensitive information, […]
Ocean Freight Procurement Intelligence A critical component of global supply chain management is ocean freight procurement. The global market size was estimated at USD 75.8 billion in 2023. The rise in the coordination of logistics and the acquisition of goods or services from suppliers, including vessel chartering, container ships, cargo handling equipment, and other essential items, […]
Industrial Pumps Category Overview The industrial pumps category is expected to grow at a CAGR of 4.9% from 2023 to 2030. The industry is being driven significantly by the increased adoption of these pumps in the oil & gas (largest consumer), pharmaceutical, medical, chemical, and petrochemical sectors. The developed nations, particularly those in the European […]
Graphite Procurement Intelligence The global graphite category is expected to grow at a CAGR of 6.37% from 2023 to 2030.  It is being driven significantly by the rising utilization of graphite in the manufacturing of structural composite parts for aircraft, increased usage in the wind energy sector, and increasing demand for fuel cells and lithium-ion batteries. […]
Glycol Ethers Category Overview The glycol ethers category is expected to grow at a CAGR of 5.74% from 2023 to 2030. There is a growing urbanization and an increase in the number of construction projects that led to rising demand for paint and coatings activities, which in turn is expected to drive the category growth.  […]
Fertilizer Category Overview The fertilizer category is expected to grow at a CAGR of 3.4% from 2023 to 2030. The rise in global population and increasing demand for food is expected to drive the category growth. The world's population has witnessed a remarkable rise, approximately three times larger than it was in the middle of […]
Engineering and Design Services Category Overview The engineering and design services category is expected to grow at a CAGR of 5.34% from 2023 to 2030. Some of the key reasons anticipated for driving category expansion are the rising demand for the adoption of technology, creative business strategies utilizing enterprise architecture, and the need to meet […]
Drilling Equipment & Consumables Category Overview This drilling equipment & consumables category is anticipated to grow at a CAGR of 4.2% from 2023 to 2030. North America holds the largest market in this category. This is due to the high volume of drilling activity in the region, the regulatory environment, and the growing importance of […]
Food and Beverage ERP Solutions Category Overview The food and beverage ERP solutions category is expected to grow at a CAGR of 8.2% from 2023 to 2030.Consumers are increasingly seeking transparency and traceability in the food and beverage business, which is fuelling this category's growth. ERP solutions can help businesses to track the origin of […]
Electrical Design and Engineering Category Overview The electrical design and engineering category is expected to grow at a CAGR of 3.28% from 2023 to 2030. The increasing demand for automation is expected to drive the category growth. Currently, automation is included in all system designs since it streamlines and accelerates in resolving challenging problems and […]
Clinical Trials Procurement Intelligence This clinical trials category is anticipated to grow at a CAGR of 5.8% from 2023 to 2030. North America is the leading region in this category, accounting for over 50.5% of the market share in 2022. This is expected to continue in the forecast period as well, due to several factors, including […]
Clinical IT Services Procurement Intelligence The clinical IT services category is expected to grow at a CAGR of 17.9% from 2023 to 2030.  North America has the biggest category share with more than 50% and APAC is expected to be the fastest-growing region during the forecast period. Aspects like the proliferation of digitization in healthcare, a […]
Civil Construction Services Procurement Intelligence The civil construction services category is expected to grow at a CAGR of 5.9% from 2023 to 2030. The Asia Pacific region accounts for the largest category share as there is increasing domestic demand, stable labor markets, a rapid rise in disposable income, and ongoing policy assistance. Low inflation is also […]
Disposable Gloves Procurement Intelligence The disposable gloves category is expected to grow at a CAGR of 3.9% from 2023 to 2030.  The North American region accounts for the largest category share, while the Asia-Pacific region is anticipated to be the fastest-growing region in the forecast period. Factors such as increasing public-private partnerships in the healthcare sector, […]
Grain Storage Silos Procurement Intelligence The grain storage silos category is expected to grow at a CAGR of 4.5% from 2023 to 2030.  The North American region accounts for the largest category share, while the APAC region is anticipated to be the fastest-growing region in the forecast period. Increasing demand for food security amid rising population […]
Vegetable Fats and Oils Category Overview The vegetable fats and oils category is anticipated to grow at a CAGR of 3.8% from 2023 to 2030. The rising consumer awareness about health and wellness and the adoption of healthier dietary habits are driving the demand for vegetable oils. Consumers prefer vegetable oils as a healthier alternative […]
Vaccines Procurement Intelligence The vaccines category is anticipated to grow at a CAGR of 4.7% from 2023 to 2030.  They can be classified mainly into six types – Live-attenuated, inactivated, sub-unit, toxoid, viral vector, and messenger RNA (mRNA) vaccines. Among these, the mRNA sector held the largest share of 39% in 2022. The growth of the […]
Accounting Services Procurement Intelligence The accounting services category is anticipated to grow at a CAGR of 11.45% from 2023 to 2030.  North American region accounts for the largest category share followed by Europe and APAC. Factors such as changes in standards of financial reporting, outsourcing of back-end operations to low-cost economies, and rise in research & […]
Mining Equipment Procurement Intelligence The mining equipment category is anticipated to grow at a CAGR of 5.1% from 2023 to 2030.  Mining activities are increasing to extract metals and minerals from the earth in response to the growing demand for these resources, driving the growth of the category. Moreover, the adoption of natural complex and mineral […]
Payment Processing Solutions Procurement Intelligence The payment processing solutions category is anticipated to grow at a CAGR of 14.5% from 2023 to 2030.  The major types of payment processing solutions include credit/debit cards, e-wallets, QR codes, and bank transfers. Credit cards accounted for the largest share, by payment method in 2022, with 44% of the total […]

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