NEW YORK, Fev. 12, 2018
/PRNewswire/ -- Read the full report:
https://www.reportlinker.com/p05312889
The pre-shipment inspection market is estimated to grow from
USD 11.60 billion in 2018 to
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
In-house sourcing type accounted for a larger share of the
pre-shipment inspection market in 2017
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
Pre-shipment inspection market for agriculture and food
application to grow at the highest CAGR during the forecast
period
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
APAC is expected to be the fastest-growing market for
pre-shipment inspection services during the forecast period
Many economically advanced countries have their manufacturing units
in the developing economies of Asia
Pacific (APAC), especially in China and India. 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.
Breakdown of the profile of primary participants:
• By Company: Tier 1 – 52 %, Tier 2 – 14%, and Tier 3 – 34%
• By Designation: C-Level Executives – 49%, Directors – 28%, and
Others – 23%
• By Region: North America – 42%,
Europe – 32%, APAC – 21%, and RoW
– 5%
Major players profiled in this report are as follows:
• 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)
Research Coverage
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).
Reasons to Buy the Report
The report would help the market leaders/new entrants in this
market in the following ways:
1. This report segments the pre-shipment inspection market
comprehensively and provides the closest approximations of the
overall market size and those of the subsegments across different
applications and regions.
2. The report provides the detailed analysis of the testing,
inspection, and certification market with the help of competitive
leadership mapping, and value chain analysis including key
companies in the market and their relations in the ecosystem.
3. The report helps stakeholders to understand the pulse of the
market and provides them information on the key market drivers,
restraints, challenges, and opportunities.
4. This report would help stakeholders to understand their
competitors better and gain insights to enhance their position in
the business. The competitive landscape section includes the
competitor ecosystem, service developments, partnerships, and
mergers and acquisitions in the pre-shipment inspection market.
Read the full report: https://www.reportlinker.com/p05312889
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