The pre-shipment inspection market is expected to increase from USD 11.00 Billion in 2017 to USD 14.83 Billion by 2023, at a CAGR of 5.04% during the forecast period. The base year for this study is 2017, and the forecast period is between 2018 and 2023. “APAC is expected to be the fastest-growing market for pre-shipment inspection services during the forecast period”
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During pre-shipment inspection market research study, major players in ecosystem in various regions have been identified, and their offerings, regional presence, and distribution channels have been understood through in-depth discussions. Top-down and bottom-up approaches have been used to estimate the market size of other individual markets by using percentage splits from secondary sources, such as Hoovers, Bloomberg Business, Factiva, and OneSource, along with primary research.
Key Target Audience:
- Raw material and testing equipment suppliers
- Research organizations
- Original equipment manufacturers (OEMs)
- Technology standards organizations, forums, alliances, and associations
- Technology investors
- Analysts and strategic business planners
- Government bodies, venture capitalists, and private equity firms
- Testing, inspection, and certification market players
- Exporters and importers
Many economically advanced countries have their manufacturing units in the developing economies of Asia Pacific (APAC), especially in China and India.
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These units are required to manufacture products in compliance with internationally accepted standards. Moreover, domestic markets in APAC are growing rapidly because of the rising per capita income among the middle class.
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Consumer goods and retail application held largest share of pre-shipment inspection market in 2017. Customers in consumer goods and retail markets are more demanding & less predictable than ever before.
Therefore, superior consumer understanding & thought leadership play a crucial role in engaging customers. This factor holds potential for increase in adoption of pre-shipment inspection services worldwide.
1 Attractive Opportunities in the Pre-Shipment Inspection Market
2 Pre-Shipment Inspection Market, By Application
3 Pre-Shipment Inspection Market for Export Goods, By Sourcing Type
4 In-House Pre-Shipment Inspection Market, By Application
5 Pre-Shipment Inspection Market in APAC, By Application and Country
6 Pre-Shipment Inspection Market, By Country
Study segments pre-shipment inspection market report into sourcing type (in-house and outsourced), and EXIM (export goods and import goods). The study also covers applications and provides the geographic forecast of the market size for various segments with regard to four main regions—North America, Europe, Asia Pacific (APAC), and Rest of the World (RoW).
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Pre-shipment inspection increases burdens and costs in international trade and can be counterproductive for the country of importation and its traders, thereby restraining market growth. Pre-shipment inspection companies are subject to local laws and have to abide by the regulations and jurisdiction of each region and country in which they operate, thereby reducing their effectiveness.
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