Global Pre-Shipment Inspection Market Size, Share, and COVID-19 Impact Analysis, By Sourcing Type (In-House, and Outsourced), By EXIM (Export Goods, and Import Goods), By Application (Consumer Goods & Retail, Agriculture & Food, and Chemicals), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033

Industry: Semiconductors & Electronics

RELEASE DATE Jan 2024
REPORT ID SI3568
PAGES 200
REPORT FORMAT PathSoft

Global Pre-Shipment Inspection Market Insights Forecasts to 2033

  • The Global Pre-Shipment Inspection Market Size was Valued at USD 13.2 Billion in 2023.
  • The Market Size is Growing at a CAGR of 5.06% from 2023 to 2033
  • The Worldwide Pre-Shipment Inspection Market Size is Expected to Reach USD 21.6 Billion by 2033
  • North America expected to grow the fastest during the forecast period

Global Pre-Shipment Inspection Market

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The Global Pre-Shipment Inspection Market Size is Anticipated to Exceed USD 21.6 Billion by 2033, Growing at a CAGR of 5.06% from 2023 to 2033.

 

Market Overview

A pre-shipment inspection is a process in which trade operators (consumers, vendors, and agencies) check newly made items before they are delivered for export/import. Pre-shipment inspections are performed to verify the amount and quality of the products and to look for any flaws in the items. The internationally established ANSI/ASQC Z1.4 (ISO 2859-1) statistical sampling method must be followed for all pre-shipment inspections. The items are carefully examined for functionality, performance, durability, appearance, dimensions, and other aspects before being shipped to clients. During pre-shipment inspections, inspectors utilize an AQL sample size that is randomly selected from each batch in the order. The global pre-shipment inspection market growth is increasing by expanding consumer spending, the continued fast urbanization of emerging countries, and the expansion of worldwide pirate and counterfeiting operations. the mounting pre-shipment inspection market demand is expected to rise over the projected period due to opportunities created by the trend toward outsourcing inspection services to outside service providers.

 

Report Coverage

This research report categorizes the market for the global pre-shipment inspection market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global pre-shipment inspection market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the global pre-shipment inspection market.

 

Global Pre-Shipment Inspection Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 13.2 Billion
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:5.06%
2033 Value Projection:USD 21.6 Billion
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:120
Segments covered:By Sourcing Type, By EXIM, By Application, By Region and COVID-19 Impact Analysis.
Companies Covered:TUV Rheinland Group, AsiaInspection, SGS S.A., Bureau Veritas S.A., CIS Commodity Inspection Services, Intertek Group PLC, DNV GL, TÜV Nord Group, DEKRA SE, TÜV SÜD, Cotecna Inspection S.A., Eurofins Scientific, ALS Limited, Applus+, China Certification & Inspection Group (CCIC) and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The pre-shipment inspection market is expanding due to several causes, one of which is the global increase in consumer expenditure. The rise in counterfeiting activities, as well as the use of inspection to make sure products meet safety, technical, quality, and performance requirements, boost the marketability of their goods and services and speed up market expansion. The market is also impacted by the growth in product recall occurrences worldwide and the implementation of measures to lower the likelihood of getting subpar goods. Additionally, the pre-shipment inspection market is favourably impacted by the growing e-commerce industry, fast urbanization, and rise in disposable income.

 

Restraining Factors

Pre-shipment inspection is posing new difficulties for merchants in some nations, and the market for pre-shipment inspection is growing more slowly as a result of the growing tendency to outsource inspection to outside service providers. Furthermore, because the majority of people's overall economic condition has been negatively impacted by the global pre-shipment inspection market, people are now more eager to cut non-essential spending from their separate budgets, which has decreased consumer demand.

 

Market Segmentation

The Global Pre-Shipment Inspection Market share is classified into sourcing type, EXIM, and application.

 

  • The in-house segment is expected to hold the largest share of the global pre-shipment inspection market during the forecast period.   

Based on the sourcing type, the global pre-shipment inspection market is divided into in-house and outsourced. Among these, the in-house segment is expected to hold the largest share of the pre-shipment inspection market during the forecast period. Since standards for environmental and human/user safety have grown and are now required for a particular class of items. This is due to significantly lower operating costs for manufacturers, the in-house segment has led to a rise in the pre-shipment inspection market.

 

  • The export goods segment is expected to grow at the fastest pace in the global pre-shipment inspection market during the forecast period.    

Based on the EXIM, the global pre-shipment inspection market is divided into export goods and import goods. The export goods segment is expected to grow at the fastest pace in the pre-shipment inspection market during the forecast period. This is due to rising standards of demand and high-quality products, which in turn raised demand for export goods.

 

  • The agriculture & food segment is expected to grow at the greatest pace in the global pre-shipment inspection market during the forecast period.

Based on the application, the global pre-shipment inspection market is divided into consumer goods & retail, agriculture & food, and chemicals. The agriculture & food segment is expected to grow at the greatest pace in the pre-shipment inspection market during the forecast period. This is due to expanding mandates for monitoring the productivity and quality of companies that provide food goods (packaged and unpackaged), as well as evolving laws in the agriculture space around the world, which will promote the adoption of agriculture & food segment in the global pre-shipment inspection market.

 

Regional Segment Analysis of the Global Pre-Shipment Inspection Market

  • North America (U.S., Canada, Mexico) 
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Rest of APAC)
  • South America (Brazil and the Rest of South America) 
  • The Middle East and Africa (UAE, South Africa, Rest of MEA)

 

Asia Pacific is anticipated to hold the largest share of the global pre-shipment inspection market over the predicted timeframe.

Global Pre-Shipment Inspection Market

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Asia Pacific is anticipated to hold the largest share of the global pre-shipment inspection market over the predicted timeframe. Pre-shipment inspection is becoming more and more common in emerging nations like China, Japan, and India. China exports a large amount of goods to countries throughout the world. To comply with the global standard, it has improved the Testing, Inspection, and Certification Services (TIC Services). Furthermore, the rising disposable income of the middle class is driving significant growth in domestic markets throughout Asia-Pacific.

 

North America is expected to grow at the fastest pace in the global pre-shipment inspection market during the forecast period. The need for genuine and high-quality products along with the region's high discretionary income are driving demand for the market. Several industries, including electronics, cars, and consumer products, anticipate the growth of the pre-shipment inspection market.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the global pre-shipment inspection along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • TUV Rheinland Group
  • AsiaInspection
  • SGS S.A.
  • Bureau Veritas S.A.
  • CIS Commodity Inspection Services
  • Intertek Group PLC
  • DNV GL
  • TÜV Nord Group
  • DEKRA SE
  • TÜV SÜD
  • Cotecna Inspection S.A.
  • Eurofins Scientific
  • ALS Limited
  • Applus+
  • China Certification & Inspection Group (CCIC)

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting And Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Recent Developments

  • In December 2022, Leading testing, inspection, and certification organization SGS released information on the newest technological advancements that export and import companies may use to reach Gabon markets
  • In January 2022, Meo Carbon Solutions, a sustainability and climate consulting firm, was purchased by SGS S.A. Through this purchase, SGS's knowledge of environmental and sustainability services is increased
  • In June 2021, Shenzhen Total-Test Material Laboratory Co., Ltd. (TTML), a well-known testing and certification business in China, was purchased by Bureau Veritas S.A. By making this change, Bureau Veritas can now better serve the electrical and electronics sectors.

 

Market Segment

This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Pre-Shipment Inspection Market based on the below-mentioned segments: 

 

Global Pre-Shipment Inspection Market, By Sourcing Type

  • In-House
  • Outsourced

 

Global Pre-Shipment Inspection Market, By EXIM

  • Export Goods
  • Import Goods

 

Global Pre-Shipment Inspection Market, By Application

  • Consumer Goods & Retail
  • Agriculture & Food
  • Chemicals

 

Global Augmented Reality Market, By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • Uk
    • France
    • Italy
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Qatar
    • South Africa
    • Rest of the Middle East & Africa

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