Study papers on Pre-Shipment Inspection market and regional forecast. Pre-Shipment Inspection market players are SGS (Switzerland), Bureau Veritas (France), Intertek (UK), DEKRA (Germany), TÜV SÜD (Germany), Eurofins Scientific (UK), TÜV Rheinland (Germany), Applus (Spain), ALS (Australia), TÜV Nord (Germany), UL (US), Cotecna (Switzerland), CIS Commodity Inspection Services (Netherlands), DQS CFS (Germany), Asiainspection (Hong Kong).
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Pre-shipment inspection market is estimated to grow from USD 11.60 billion in 2018to USD 14.83 billion by 2023, at a CAGR of 5.04% between 2018 and 2023. Some of the drivers for this market are the growing consumer spending and ongoing rapid urbanization in emerging markets, increasing incidents of product recalls across the world, and surging counterfeiting and piracy activities.
The main restraint for this market growth is that pre-shipment inspection becomes counterproductive for import countries and their traders.
- 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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Earlier, manufacturers and organizations had to adhere to limited standards and regulations; hence, it was possible for companies to build their in-house inspection capabilities. In recent years, standards pertaining to human/user safety and environmental safety have increased and become mandatory for certain category of products.
However, this trend is shifting to the increase in outsourcing pre-shipment inspection services to specialized third-party service providers as they drastically reduce the operational expenditure for manufacturers.
2 Ranking of Players, 2016
3 Competitive Scenario
3.2 Expansions and Service Expansions
3.3 Mergers and Acquisitions
Increasing mandates to ensure the quality and improve the productivity of companies that supply food products (packaged and unpackaged) and changing regulations in the agriculture space across the world would drive the adoption of pre-shipment inspection services by manufacturers of agricultural equipment.
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The study segments the 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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