Global pre-shipment inspection market expected to generate around USD 16.29 billion by 2025, at a CAGR of around 5% between 2019 and 2025. The global pre-shipment inspection market is experiencing a significant growth rate in developed and developing countries.
The report covers a forecast and an analysis of the pre-shipment inspection market on a global and regional level. The study provides historical data from 2016 to 2018 along with a forecast from 2019 to 2025 based on revenue (USD Billion). The study includes drivers and restraints of the pre-shipment inspection market along with their impact on the demand over the forecast time period. Additionally, the report includes the study of opportunities available in the pre-shipment inspection market on a global level.
In order to give the users of this report a comprehensive view of the pre-shipment inspection market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.
The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.
The study provides a decisive view of the pre-shipment inspection market based on product type, sourcing type, application, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2025. The regional segmentation includes the historical and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
Some major players operating in the global pre-shipment inspection market include IM Control, ALS Limited, Applus+, Asia Quality Focus, AsiaInspection, Bureau Veritas, Cayley Aerospace, CIS Commodity Inspection Services, Cotecna Inspection, Eurofins Scientific, Guangdong Inspection, Intertek Group, TÜV Nord Group, TÜV Rheinland, TUV SUD, and DNV GL.
This report segments the global pre-shipment inspection market into:
Global Pre-Shipment Inspection Market: Product Type Analysis
Global Pre-Shipment Inspection Market: Sourcing Type Analysis
Global Pre-Shipment Inspection Market: Application Analysis
Global Pre-Shipment Inspection Market: Regional Analysis
Pre-shipment inspection is the inspection procedure before the shipment or transportation of products. The pre-shipment inspection procedure can be performed at various stages before shipment, such as checking all papers and documentation, quality control or consistency of goods, checking of goods, and packaging. Basically, the pre-shipment process is performed to minimize the risk of poor quality, defective, and non-compliance goods along with reducing the product recalls and shipment costs. After any effective pre-shipment inspection, the exporter gets a certificate of goods that indirectly upsurges the overall product sales. There are various industry verticals, such as consumer goods, chemical, oil & gas, transportation, mining, etc., that conduct pre-inspection procedure.
The global pre-shipment inspection market is experiencing a significant growth rate in developed and developing countries. In order to reduce the number of defective products, the pre-inspection method is compulsory before shipment. This factor is driving the global pre-shipment inspection market in the present scenario. Moreover, urbanization has led to the increased demand for consumer goods. This rapid upsurge in consumer goods demand is also due to the increasing purchasing power of the global population. Pre-shipment inspection in consumer goods helps in avoiding counterfeiting of the goods. Manufacturers need to ensure product quality before delivering it to their customers so as to build brand value and brand image. However, the time-consuming nature of the pre-inspection method may be a hindrance for the market growth in the upcoming years.
Based on sourcing type, the pre-shipment inspection market includes in-house and outsourced. On the basis of product type, the market is categorized into export goods and import goods. On the basis of application, the global pre-shipment inspection market comprises consumer goods, transportation, chemicals, oil and gas, construction, mining, and others.
The Asia Pacific region holds an extensive market share in the global pre-shipment inspection market, owing to the favorable trade laws of this region’s countries. Moreover, the rising dominance of the Asian countries in international trade is likely to positively impact the market development in the upcoming years. China is the world’s largest exporter of goods. The North American pre-shipment inspection market is expected to show modest growth in the future, mainly due to the increasing mandates and regulations regarding the shipment of consumer goods.
Some major players operating in the global pre-shipment inspection market include ALS Limited, Asia Quality Focus, Bureau Veritas Bureau Veritas, CIS Commodity Inspection Services, Guangdong Inspection, TÜV Nord Group, TUV SUD, IM Control, Applus+, AsiaInspection, Cayley Aerospace, Cotecna Inspection, Eurofins Scientific, Intertek Group, TÜV Rheinland, and DNV GL.
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