The Global Pre-Shipment Market is forecast to reach USD 16.21 Billion by 2026, 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.

It is a part of supply chain management and is a quality control method for the inspection of the quality of goods. The inspection is done by the standard Acceptable Quality Limits (AQL) associated with the product, or customer requirements. The factors driving the Pre-shipment inspection market are an increase in consumer goods, rapid urbanization and growing piracy and counterfeiting activities.

The prolonged time taken for inspection of overseas qualification tests are becoming counterproductive for import countries, and their traders are hindering the growth of the market. Rise in outsourcing inspection services to third parties are creating opportunities for further growth of the market.

Access Free sample PDF Copy of the Report @ https://www.reportsanddata.com/sample-enquiry-form/1384

Key participants include

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

Further key findings from the report suggest

In-House sourcing type holds the larger market share of 51% in the year 2018.

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 2026. 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 2018.

Construction held a market share of 12% in the year 2018 whereas oil and gas held a market share of 11% in the year 2018.

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.

Request for Custom Research @ https://www.reportsanddata.com/request-customization-form/1384

For this report, Reports and Data have segmented into the global Pre-Shipment Inspection market on the basis of resin type, composite phases, industry vertical, and region:

Sourcing Type Outlook (Revenue, USD Billion; 2016-2026)

In-House

Outsourced

EXIM Outlook (Revenue, USD Billion; 2016-2026)

Export Goods

Import Goods

Application Outlook (Revenue, USD Billion; 2016-2026)

Consumer Goods

Chemicals

Agriculture

Construction

Manufacturing

Medical

Mining

Oil and Gas

Transportation

Supply Chain

Regional Outlook (Volume, Kilo Tons; 2018-2028 and Revenue, USD Million; 2018-2028)

• North America
• Europe
• Asia Pacific
• Latin America
• MEA

Buy now your Exclusive copy of Report @ https://www.reportsanddata.com/checkout-form/1384

Have a Look at Related Reports:

EUV lithography Market Size, Share And Industry Analysis By Equipment (Light Source, Mirrors, Mask, Others), By End-Users (Integrated Device Manufacturers, Foundry), By Light Source (Laser Produced Plasma, Vacuum Sparks, Gas Discharges), By Distribution Channel (Wholesale, Distributor) And Region, Segment Forecasts To 2027

3D Time-of-Flight Sensor Market Size, Share And Industry Analysis By Product Type (QVGA ToF Image Sensor, Half-QQVGA ToF Image Sensor, 1 MP, VGA), By End-user (Consumer Electronics, Machine Vision and Industrial Automation, Robotics and Drone, Automobile, Entertainment, Others), By Application (Measure distance and volume, Indoor navigation, Object scanning, Gesture recognition, Reactive altimeters, Obstacle avoidance, Object tracking) And Region, Segment Forecasts To 2027

Embedded Processor Market Size, Share And Industry Analysis By Type (Microprocessors, Microcontrollers, Digital Signal Processors, Others), By Application (Consumer Electronics, IT & Telecom, Aerospace & Defense, Automotive, Pharmaceutical, Others) And Region, Segment Forecasts To 2027

Gaming Chipset Market Size, Share And Industry Analysis By Components (Central Processing Unit (CPU), Motherboard, Graphics Processing Unit (GPU), Memory Controller, Modem, System Cooling, Others), By Device Type (Smartphone, Laptop, Desktop), By End-use (Professional Gamers, Common Individuals, Game Testers, Game Troubleshooters, Others) And Region, Segment Forecasts To 2027

Phase Change Thermal Interface Materials Market Analysis, By Conductive Type (Electrically Conductive And Non-Electrically Conductive), By Binder Type (Paraffin, Non-Paraffin, Eutectic Salts and Salt Hydrates), By Fillers (Aluminum Oxide, Boron Nitride, Aluminum Nitride, And Zinc Oxide), By End-Use Application (Computers, Electronical And Electronics, Automotive, Telecommunication, And Others), By Regional Outlook and Forecasts To 2027

About Reports and Data

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.

Contact Us:

John W

Head of Business Development

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: [email protected]

Read Our Innovative Blogs @ https://www.reportsanddata.com/blogs

The post Pre-Shipment Inspection Market Revenue, Driving Factors, Key Players, Strategies, Trends, Forecast Till 2026 | Top Key Players – SGS, Bureau Veritas, Intertek, TUV SUD, etc first appeared on News Degree | Hub for Latest and Trending News from Around the Globe.