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.
Growing international trade between countries.
Growing concerns regarding piracy and counterfeiting.
Counterproductive for the importing countries and the traders present.
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.
The global pre-shipment Inspection Market has been analyzed through the following segments:
Oil and Gas
Middle East and Africa