Pre-Shipment Inspection market
Posted by priya on June 17th, 2019
Pre-Shipment Inspection market is expected to grow from USD 10.8 Billion in 2016 to USD 16.75 Billion by 2026, at a CAGR of 5% between 2017 and 2026.
Pre-Shipment Inspection Market is a methodical inspection of units of one’s import/export order. It is a method used for checking the quality of the goods prior to shipment. Pre-shipment inspection, ensure that order was filed successfully, verify the quality of a product, Mitigate costly import risks. Pre-Shipment Inspection Market includes accreditation and standards organizations, pre-shipment inspection companies and the network of regulatory bodies.
Pre-Shipment Inspection marketDriving factors for the growth of the pre-shipment inspection market include increasing incidents of product recalls across the world, growing consumer spending and ongoing rapid urbanization in emerging markets and surging global counterfeiting and piracy activities. However, pre-shipment inspection in some countries is bringing some new challenges to traders and a rising trend of outsourcing inspection to third-party service providers is restraining the growth of the pre-shipment inspection market.
Further key findings from the report:
• In sourcing type segment in-house held a higher share of pre-shipment inspection market. Since standards relevant to human/user safety and environmental safety have increased in recent years, the trend is shifting towards the increase in outsourcing of pre-shipment inspection services to third party service providers
• Consumer goods and retail application accounted for the largest share in the application segment of the pre-shipment inspection market
• Increasing demand standard and good quality products further increased the demand of export goods thus increasing the export good’s share in the pre-shipment inspection market.
• APAC held the largest share in the pre-shipment market owing to the facts that countries such as China, Japan, India, and South Korea have the high export/import ratio.
Key Highlights:
• The report analyzes opportunities in the market for stakeholders by identifying the high-growth segments of the Pre-Shipment Inspection market, strategically profiles key market players, and comprehensively analyzes their market size and core competencies in each segment
• The report provides a 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
• Complete analysis with respect to individual growth trends are incorporated within the scope of our study
• Pre-Shipment Inspection Market analysis and forecast for five major geographies- North America, Europe, Asia Pacific, Middle East & Africa and Latin America along with their key regions
• Assessment of market definition along with the identification of key drivers, restraints opportunities for this market
• Comprehensive analysis of factors that are instrumental in changing the market scenario, prospective opportunities, market shares, growth strategies along with identification of key companies are profiled
• Detailed quantitative analysis of the current and future trends for the forecast period has been profiled
• Pre-Shipment Inspection Market analysis and segmentation with respect to an offering, type, end-user application, and geography.
Years that have been considered for the study are as follows:
• Base Year – 2016
• Estimated Year – 2017
• Forecast Period – 2017 to 2026
For company profiles, 2016 has been considered as the base year. In cases, wherein information was unavailable for the base year, the years prior to it have been considered
This Report Is Submitted By @Maximize Market Research Company
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