Pre-Shipment Inspection Global Market Report 2023

“Pre-Shipment Inspection Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on pre-shipment inspection market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
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Where is the largest and fastest growing market for pre-shipment inspection ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The pre-shipment inspection market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

• 1) By Type: In-House; Outsourced

• 2) By Product: Export Goods; Import Goods

• 3) By Application: Consumer Goods and Retail; Industrial and Manufacturing; Agriculture and Food; Medical Devices and Life Sciences; Other applications

• Companies Mentioned: Agriculture - Industry - Marine Control Inspection Group; ALS Limited; Applus+; Asia Quality Focus; TUV Nord Group

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa

• Time series: Five years historic and ten years forecast.

• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,

• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.

• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.

• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the pre-shipment inspection market are Agriculture - Industry - Marine Control Inspection Group, ALS Limited, Applus+, Asia Quality Focus, TUV Nord Group, Bureau Veritas, Cayley Aerospace Inc., CIS Commodity Inspection Services, Cotecna Inspection SA, Eurofins Scientific SE, Guangdong Inspection, Intertek Group plc., Dekra, DQS CFS GmBH, and QIMA.

The global pre-shipment inspection market is expected to grow from $12.76 billion in 2022 to $13.49 billion in 2023 at a compound annual growth rate (CAGR) of 5.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The pre-shipment inspection market is expected to grow to $16.53 billion in 2027 at a CAGR of 5.2%.

The pre-shipment inspection market includes revenues earned by entities by providing off-site shipping inspections, quantity check, randomized sampling, visual check, volumetric verification and functionality verification. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

Pre-shipment inspection refers to the process by which trade operators (buyers, suppliers, agencies) examine recently manufactured goods before sending them for export/import. Pre-shipment inspection is used to check functionality, performance, durability, and general appearance, and measurements routinely before shipping.

Asia-Pacific was the largest region in the pre-shipment inspection market in 2022. The regions covered in the pre-shipment inspection market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The major types of pre-shipment inspection is in-house and outsourced inspection. In-house refers to work or activity done by employees of an organization or company, as opposed to contractors or other outside workers. In-house pre-shipment inspection is done by the manufacturer itself to inspect newly manufactured products. It is used to inspect several products including export goods and import goods. It is used for consumer goods and retail, industrial and manufacturing, agriculture and food, medical devices and life sciences, and other applications.

The increase in consumer spending is expected to drive the growth of the pre-shipment inspection market going forward. Consumer spending refers to the total amount of money spent in an economy by people and households on final goods and services for their use and enjoyment. Pre-shipment inspection checks the quantity and quality of goods before they are delivered for export or import. For instance, in October 2022, according to a report published by the Bureau of Economic Analysis, a US-based governmental organization that releases official macroeconomic and sectoral statistics, commonly referred to as consumer spending, climbed 0.8% to $147.9 billion in October 2022. Therefore, increasing consumer spending is driving the growth of the pre-shipment inspection market.The increase in consumer spending is expected to drive the growth of the pre-shipment inspection market going forward. Consumer spending refers to the total amount of money spent in an economy by people and households on final goods and services for their use and enjoyment. Pre-shipment inspection checks the quantity and quality of goods before they are delivered for export or import. For instance, in October 2022, according to a report published by the Bureau of Economic Analysis, a US-based governmental organization that releases official macroeconomic and sectoral statistics, commonly referred to as consumer spending, climbed 0.8% to $147.9 billion in October 2022. Therefore, increasing consumer spending is driving the growth of the pre-shipment inspection market.

Technological advancement is a major trend gaining popularity in the pre-shipment inspection market. Major industry players are creating cutting-edge technology to maintain their position in the pre-shipment inspection market. For instance, in February 2021, Konecranes, an India-based manufacturer of cranes, launched a new app to help crane users record their findings while performing pre-shift and pre-lift inspections. The app will use daily inspection data, maintenance history, and component condition data from TRUCONNECT remote monitoring.

In July 2022, Intertek, a UK-based multinational assurance, inspection, product testing, and certification company, acquired CEA (Clean Energy Associates) for an undisclosed amount. This acquisition gives Intertek a strong chance to broaden its sustainability service portfolio in the rapidly expanding quality assurance market for solar energy and energy storage. CEA is a US-based solar and storage technical advisory firm that also offers comprehensive pre-shipment inspections for PV module, racking, and energy storage system components.

The countries covered in the pre-shipment inspection market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The pre-shipment inspection market research report is one of a series of new reports from The Business Research Company that provides pre-shipment inspection market statistics, including pre-shipment inspection industry global market size, regional shares, competitors with a pre-shipment inspection market share, detailed pre-shipment inspection market segments, market trends and opportunities, and any further data you may need to thrive in the pre-shipment inspection industry. This pre-shipment inspection market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.