Category

Global Pre-Shipment Inspection Market - Forecasts From 2019 To 2024

117 pages
Published on : May 2019
Report Code : KSI061612322

Description

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

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