The Global Pre-Shipment Market is forecast to reach USD 17.96 Billion by 2028, according to a new report by Reports and Data.

Pre-shipment of goods can be done at different stages before shipment such as quality control or consistency of goods, checking of goods and packaging. The Pre-shipment process is done to reduce the risk of poor quality and non-compliance goods, lessen product recalls and reduce the costs. When the goods have qualified pre-inspection and received a certificate, the sales of the good increases automatically.

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Further key findings from the report suggest

  • In-House sourcing type holds the larger market share of 51% in the year 2020.
  • In-house Pre-Shipment inspection means that the inspection is done by the manufacturers or companies own inspection team.
  • Export Goods dominate the segment and is forecasted to grow with a higher annual growth rate of 5.4% by the year 2028. This is due to the rising demand for good quality products across various industries, which increases the demand for Pre-shipment inspection.
  • It is generally mandatory for manufacturers to ensure that the goods have met the quality demanded by the consumer and ensure performance regulatory and technical safety.
  • The Government of India has introduced compulsory Quality Control and Pre-Shipment Inspection for 90% of the items of export under one or the other system as per the Export (Quality Control & Pre-Shipment Inspection) Act, 1963. Chemicals are one of them, and they held a market share of 11% in the year 2020.
  • Construction held a market share of 12% in the year 2020 whereas oil and gas held a market share of 11% in the year 2020.
  • Europe is forecasted to grow with a CAGR of 5.4% during the forecast period. Presence of leading players such as Dekra, Intertek, Applus, Eurofins, and others are driving the market in the region.

Key companies profiled in the report include:  

SGS, Bureau Veritas, Intertek, TUV SUD, Dekra, TUV Rheinland, UL, Eurofins Scientific, Cotecna, TUV Nord, Applus, ALS, DQS CFS, Asiainspection, among others.

Sourcing Type Outlook (Revenue, USD Billion; 2020-2028)

  • In-House
  • Outsourced

EXIM Outlook (Revenue, USD Billion; 2020-2028)

  • Export Goods
  • Import Goods

Application Outlook (Revenue, USD Billion; 2020-2028)

  • Consumer Goods
  • Chemicals
  • Agriculture
  • Construction
  • Manufacturing
  • Medical
  • Mining
  • Oil and Gas
  • Transportation
  • Supply Chain

Based on Region market is segmented into:

  • North America
  • Europe
  • Asia-Pacific
  • South America
  • Middle East & Africa

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