Customs Audit Market to grow by USD 3.61 billion from 2023 to 2028; market is fragmented due to the presence of prominent companies like DB Schenker, Baker Tilly International Ltd. and Deloitte Touche Tohmatsu Ltd., and many more - Technavio

NEW YORK, Nov. 15, 2023 /PRNewswire/ -- The customs audit market is estimated to grow by USD 3.61 billion from 2023 to 2028, growing at a CAGR of 6.44%. The customs audit market is fragmented owing to the presence of many global and regional companies. A few prominent companies that offer customs audit market are AP Moller Maersk AS, Baker Tilly International Ltd., BDO International Ltd., Bizsolindia, British Standards Institution, DB Schenker, Deloitte Touche Tohmatsu Ltd., Ernst and Young Global Ltd., Farrow Ltd., Grant Thornton International Ltd., Intertek Group Plc, Kintetsu World Express Inc., KPMG International Ltd., Larkin Trade International, MBG Corporate Services, PricewaterhouseCoopers LLP, Ryan LLC, Tiger Logistics, United Parcel Service Inc., and XPO Inc. 

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Company Offering:

• Baker Tilly International Ltd. - The company offers a customs audit to add value to business operations and ensures that financial statements properly reflect business position and obtain the maximum number of benefits under current legislation of the jurisdiction.
• DB Schenker - The company offers customs audit services that can help build regulatory compliance programs, speed up the supply chain, and identify opportunities to reduce duties and taxes.
• Deloitte Touche Tohmatsu Ltd. - The company offers customs audits to deliver a systematic framework to multinational companies seeking greater transparency into trade data and compliance levels.
• For details on companies and their offerings – Buy the report!

Based on Geography, the market is segmented as North America, Europe, APAC, South America, and Middle East and Africa.

• APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Another region offering significant growth opportunities to market players is North America. The US is the key contributor to the market in the region. In addition, a sustainable business model for logistics services providers in the region is being sought with the aim of adapting to evolving market conditions.

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• Impactful driver- Increasing demand for efficient supply chain
• Key Trend - Emergence of new customs regulations like voluntary disclosure
• Major Challenges - Lack of standardization in the centralized customs audit system

 Market Segmentation

• Based on Service, the market is classified into customs audit services and customs advisory services. The customs audit services segment is estimated to witness significant growth during the forecast period. In developed economies, for example, the US and the UK, growth in this segment has come to maturity. By contrast, emerging market opportunities in the APAC region offer significant business prospects to manufacturers of these products. 

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TOC:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by Service

7 Customer Landscape

8 Geographic Landscape

9 Drivers, Challenges, and Trends

10 Company Landscape

11 Company Analysis

12 Appendix

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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