Global Pre-Shipment Inspection Market 2018-2023 - SGS and Bureau Veritas Dominate the Market - ResearchAndMarkets.com

DUBLIN--()--The "Pre-Shipment Inspection Market by Sourcing Type (In-House and Outsourced), EXIM (Export Goods, Import Goods), Application (Consumer Goods & Retail, Agriculture & Food, Chemicals), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The pre-shipment inspection market is expected to increase from USD 11.60 Billion in 2018 to USD 14.83 Billion by 2023, at a CAGR of 5.04% between 2018 and 2023.

Export goods accounted for a larger share of the pre-shipment inspection market in 2017. There is an increasing demand for pre-shipment inspection services in most applications owing to the rising demand for good-quality and standard products across various industries. Manufacturers are required to ensure the products have met the quality, technical, safety, and performance regulatory standards to increase the marketability of their products.

SGS (Switzerland) is one of the leading companies in the pre-shipment inspection market, followed by Bureau Veritas with a large contribution to the parent market share and high financial power, and provides a broad service portfolio in the market with strong technical expertise. SGS is highly focused on its continued growth through acquisitions, strategic partnerships, and expansions to gain a competitive advantage. Bureau Veritas is viewed to grow through an aggressive inorganic strategy by means of acquiring small companies.

Market Dynamics

Drivers

  • Growing Consumer Spending and Ongoing Rapid Urbanization in Emerging Markets
  • Increasing Incidents of Product Recalls Across the World
  • Surging Global Counterfeiting and Piracy Activities

Restraints

  • Pre-Shipment Inspection - Counterproductive for Import Countries and Their Traders

Opportunities

  • Rising Trend of Outsourcing Inspection Services to Third-Party Service Providers

Challenges

  • Long Lead Time for Overseas Qualification Tests

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Pre-Shipment Inspection Market, by Sourcing Type

7 Pre-Shipment Inspection Market, by Exim

8 Pre-Shipment Inspection Market, by Application

9 Pre-Shipment Inspection Market, by Region

10 Competitive Landscape

11 Company Profiles

  • Aim Control Group
  • ALS
  • Applus
  • Asia Quality Focus (AQF)
  • Asiainspection
  • Bureau Veritas
  • Cayley Aerospace
  • CIS Commodity Inspection Services
  • Cotecna
  • Dekra
  • DQS CFS
  • Eurofins Scientific
  • Guangdong Inspection
  • Intertek
  • SGS
  • Soloarbuyer
  • TUV Nord
  • TUV Rheinland
  • TUV SUD
  • UL

For more information about this report visit https://www.researchandmarkets.com/research/ng27k7/global?w=4

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Related Topics: Supply Chain Management

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Supply Chain Management