Global Pre-Shipment Inspection Market Size, Share, Opportunities, And Trends By Application (Export Goods, Import Goods), By End-User (Healthcare, Mining, Automotive, Agriculture, Oil And Gas, Others) And Geography - Forecasts From 2019 To 2024

The global pre-shipment inspection market is estimated to be valued at US$8,010.356 million in 2018 and is projected to grow rapidly during the forecast period. Pre-shipment inspection services are the services conducted when to ensure that the orders pertaining to the components, equipment, and materials are in line with the given specification by the customers. Growing international trade along with improving trade relations between countries are some of the major factors driving the demand for these inspection services. In addition, growing concerns regarding piracy and counterfeiting globally will further add to the growing demand for these services. The trend towards outsourcing of pre-shipment inspection services to specialized service providers will propel the demand for these services. The Asia Pacific region will witness impressive growth owing to the implementation of export-oriented policies and improvement in trade relations by developing countries throughout the forecast period. However, the slow process of the pre-shipment inspection may hinder the market growth during the course of the next five years.

 

DRIVERS

Growing international trade between countries.

Growing concerns regarding piracy and counterfeiting. 

 

Counterproductive for the importing countries and the traders present.

 

INDUSTRY UPDATE

In October 2018, SGS SA was awarded a contract for providing PVoC for conformity required for clearance of goods in Tanzania with Tanzania Bureau of Standards (TBS).

In March 2018, The Central Bank of Nigeria appointed three Pre-Shipment Inspection Agencies for non-oil export in order to further enhance the nation’s trade. The agencies are Ms. Cobalt International Services Limited, Carmine Assayer Limited and Neroli Technologies Limited.

 

The major players profiled in the Global Pre-Shipment Inspection Market include Bureau Veritas, Intertek Group PLC, HQTS Group, Ltd., SGS SA, QIMA, Dekra Certification B.V., Eurofins Scientific, Applus+, TUV SUD, TUV Rheinland.

 

Segmentation

The global pre-shipment Inspection Market has been analyzed through the following segments:

 

By Application

Export Goods

Import Goods

 

By End-User

Healthcare

Mining

Automotive

Agriculture

Oil and Gas

Others

 

By Geography

North America

USA

Canada

Mexico

 

South America

Brazil

Argentina

Others

 

Europe

United Kingdom

Germany

France

Others

 

Middle East and Africa

Saudi Arabia

UAE

Israel

Others

 

Asia Pacific

China

India

Australia

South Korea

Others