Customs Audit Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, China, Japan, UK, Germany - Size and Forecast 2024-2028

Published: Oct 2023

Pages: 154

SKU: IRTNTR46406

Snapshot

Customs Audit Market 2024-2028

The customs audit market size is estimated to grow at a CAGR of 6.44% between 2023 and 2028. The market size is forecast to increase by USD 3,607.17 million. The growth of the market depends on several factors such as the increasing demand for an efficient supply chain, the increasing number of FTAs, and the shifting trade pattern to APAC economies.

This customs audit market report extensively covers market segmentation by service (customs audit services and customs advisory services) and geography (North America, Europe, APAC, South America, and Middle East and Africa). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2018 - 2022.

What will be the Size of the Customs Audit Market During the Forecast Period?

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Customs Audit Market: Key Drivers, Trends and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Customs Audit Market Driver

One of the key factors driving the customs audit market growth is the shifting trade pattern to APAC economies. The advent of new economic powerhouses in recent years has forced companies to explore new markets, resulting in significant changes in trade patterns. For example, a decade ago, China was not the top trading partner of G20 economies. Today, it has become the largest trading partner of six economies, including Australia, Japan, India, South Korea, Russia, and South Africa.

Moreover, APAC will continue to be the most dynamic region for trade and account for the fastest growth of merchandise exports. Even though, APAC economies are new and unexplored, customs duty and indirect tax landscapes are very complex in Asian countries. Hence, the need to manage the customs-related challenges of international trade steers the demand for professional service providers. Therefore, such factors are expected to drive market growth during the forecast period.

Key Customs Audit Market Trends

A key factor shaping the customs audit market growth is the increasing demand for risk management advisory services. There is an increase in global customs risk with the increase in globalization. The main purpose of corporate imports is risk management and several companies are focusing on becoming proactive in managing customs risks. In addition, risk management comprises much more than understanding regulatory compliance

Moreover, effective risk management considers regulatory compliance, financial results, and operations. In addition, custom risk management can determine a company's international competitiveness in today's global marketplace. Furthermore, the customs and international trade services offered by professional service providers help companies mitigate customs risks. Hence, such factors are fuelling the growth of the market which, in turn, will drive the market growth during the forecast period.

Key Customs Audit Market Challenge

Lack of standardization in the centralized customs audit system is one of the key challenges hindering the customs audit market growth. Revenues from customs comprise the majority of revenue collected by governments in comparison to internal taxes. In addition, with countries having different compliance regulations, market players face difficulty in the standardization of services to clients.

Moreover, the emerging countries do not have centralized customs declaration systems, and goods crossing different local borders are subject to customs declaration at each location. As a result, this disrupts the entire supply chain of importers and exporters. Furthermore, the requirement for customs declaration at each local border reduces uniformity in the process. Hence, such factors are negatively impacting the market which in turn hinders the market during the forecast period.

Customs Audit Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Customs Audit Market Customer Landscape

Who are the Major Customs Audit Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

AP Moller Maersk AS: The company offers customs audits to simplify imports and exports anywhere in the world, and provide visibility and efficiency, a smooth compliance process, and a strong network of customs experts along with dedicated customer support.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Customs Audit Market?

The customs audit services segment is estimated to witness significant growth during the forecast period. The growth of this segment has reached its maturity in developed economies such as the US and the UK. On the other hand, emerging markets in APAC offer significant business opportunities for vendors in the space. In addition, several market players offer customs audit services to different domains, including automotive, chemical, energy, mining, pharmaceuticals, retail, and hi-tech.

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The customs audit services segment was the largest segment and was valued at USD 6,125.30 million in 2018. Moreover, this segment is witnessing strong competition as new players are entering the market such that these players are mainly logistics companies catering to different markets. In addition, third-party logistics (3PL) companies and shippers have developed expertise in audit services. Furthermore, as the industry barriers are low, new players are entering the global customs audit market. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.

Which are the Key Regions for the Customs Audit Market?

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APAC is estimated to contribute 34% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Another region offering significant growth opportunities to market players is North America. One of the major countries that is a significant contributor to the market growth in North America is the US. In addition, the country represents the largest market for the logistics industry in North America. Moreover, the logistics service providers in North America are looking to create a sustainable business model to be able to adapt to the changing market dynamics. Furthermore, several factors such as the large volume of e-retail purchases and the rise in the number of US customers opting for faster and seamless delivery services are expected to drive the market growth in North America during the forecast period.

In 2020, during the COVID-19 pandemic, the growth of the global customs audit market witnessed a significant slowdown due to a halt in industrial production and restricted transportation activities in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in industrial units. Such factors are expected to drive the market during the forecast period.

Segment Overview

The customs audit market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.

Service Outlook (USD Million, 2018-2028)
- Customs audit services
- Customs advisory services
Geography Outlook (USD Million, 2018-2028)
- North America
  - The U.S.
  - Canada
- Europe
  - U.K.
  - Germany
  - France
  - Rest of Europe
- APAC
  - China
  - India
- South America
  - Chile
  - Argentina
  - Brazil
- Middle East & Africa
  - Saudi Arabia
  - South Africa
  - Rest of the Middle East & Africa

Customs Audit Market Scope
Report Coverage	Details
Page number	154
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.44%
Market Growth 2024-2028	USD 3,607.17 million
Market structure	Fragmented
YoY growth 2023-2024(%)	5.62
Regional analysis	North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution	APAC at 34%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	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.
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Customs Audit Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2024 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America, Europe, APAC, South America, and Middle East and Africa
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies

We can help! Our analysts can customize this market research report to meet your requirements.

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Service
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 13: Chart on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2023-2028 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2023-2028 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Global customs audit market 2018 - 2022
- Exhibit 17: Historic Market Size – Data Table on global customs audit market 2018 - 2022 ($ million)

4.2 Service Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Service Segment 2018 - 2022 ($ million)

4.3 Geography Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – Geography Segment 2018 - 2022 ($ million)

4.4 Country Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Country Segment 2018 - 2022 ($ million)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 21: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 22: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 23: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 24: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 25: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 26: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 27: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Service

6.1 Market segments
- Exhibit 28: Chart on Service - Market share 2023-2028 (%)
- Exhibit 29: Data Table on Service - Market share 2023-2028 (%)

6.2 Comparison by Service
- Exhibit 30: Chart on Comparison by Service
- Exhibit 31: Data Table on Comparison by Service

6.3 Customs audit services - Market size and forecast 2023-2028
- Exhibit 32: Chart on Customs audit services - Market size and forecast 2023-2028 ($ million)
- Exhibit 33: Data Table on Customs audit services - Market size and forecast 2023-2028 ($ million)
- Exhibit 34: Chart on Customs audit services - Year-over-year growth 2023-2028 (%)
- Exhibit 35: Data Table on Customs audit services - Year-over-year growth 2023-2028 (%)

6.4 Customs advisory services - Market size and forecast 2023-2028
- Exhibit 36: Chart on Customs advisory services - Market size and forecast 2023-2028 ($ million)
- Exhibit 37: Data Table on Customs advisory services - Market size and forecast 2023-2028 ($ million)
- Exhibit 38: Chart on Customs advisory services - Year-over-year growth 2023-2028 (%)
- Exhibit 39: Data Table on Customs advisory services - Year-over-year growth 2023-2028 (%)

6.5 Market opportunity by Service
- Exhibit 40: Market opportunity by Service ($ million)
- Exhibit 41: Data Table on Market opportunity by Service ($ million)

7 Customer Landscape

7.1 Customer landscape overview
- Exhibit 42: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

8 Geographic Landscape

8.1 Geographic segmentation
- Exhibit 43: Chart on Market share by geography 2023-2028 (%)
- Exhibit 44: Data Table on Market share by geography 2023-2028 (%)

8.2 Geographic comparison
- Exhibit 45: Chart on Geographic comparison
- Exhibit 46: Data Table on Geographic comparison

8.3 North America - Market size and forecast 2023-2028
- Exhibit 47: Chart on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 48: Data Table on North America - Market size and forecast 2023-2028 ($ million)
- Exhibit 49: Chart on North America - Year-over-year growth 2023-2028 (%)
- Exhibit 50: Data Table on North America - Year-over-year growth 2023-2028 (%)

8.4 Europe - Market size and forecast 2023-2028
- Exhibit 51: Chart on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 52: Data Table on Europe - Market size and forecast 2023-2028 ($ million)
- Exhibit 53: Chart on Europe - Year-over-year growth 2023-2028 (%)
- Exhibit 54: Data Table on Europe - Year-over-year growth 2023-2028 (%)

8.5 APAC - Market size and forecast 2023-2028
- Exhibit 55: Chart on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 56: Data Table on APAC - Market size and forecast 2023-2028 ($ million)
- Exhibit 57: Chart on APAC - Year-over-year growth 2023-2028 (%)
- Exhibit 58: Data Table on APAC - Year-over-year growth 2023-2028 (%)

8.6 South America - Market size and forecast 2023-2028
- Exhibit 59: Chart on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 60: Data Table on South America - Market size and forecast 2023-2028 ($ million)
- Exhibit 61: Chart on South America - Year-over-year growth 2023-2028 (%)
- Exhibit 62: Data Table on South America - Year-over-year growth 2023-2028 (%)

8.7 Middle East and Africa - Market size and forecast 2023-2028
- Exhibit 63: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 64: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
- Exhibit 65: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)

8.8 US - Market size and forecast 2023-2028
- Exhibit 67: Chart on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 68: Data Table on US - Market size and forecast 2023-2028 ($ million)
- Exhibit 69: Chart on US - Year-over-year growth 2023-2028 (%)
- Exhibit 70: Data Table on US - Year-over-year growth 2023-2028 (%)

8.9 China - Market size and forecast 2023-2028
- Exhibit 71: Chart on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 72: Data Table on China - Market size and forecast 2023-2028 ($ million)
- Exhibit 73: Chart on China - Year-over-year growth 2023-2028 (%)
- Exhibit 74: Data Table on China - Year-over-year growth 2023-2028 (%)

8.10 UK - Market size and forecast 2023-2028
- Exhibit 75: Chart on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 76: Data Table on UK - Market size and forecast 2023-2028 ($ million)
- Exhibit 77: Chart on UK - Year-over-year growth 2023-2028 (%)
- Exhibit 78: Data Table on UK - Year-over-year growth 2023-2028 (%)

8.11 Germany - Market size and forecast 2023-2028
- Exhibit 79: Chart on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 80: Data Table on Germany - Market size and forecast 2023-2028 ($ million)
- Exhibit 81: Chart on Germany - Year-over-year growth 2023-2028 (%)
- Exhibit 82: Data Table on Germany - Year-over-year growth 2023-2028 (%)

8.12 Japan - Market size and forecast 2023-2028
- Exhibit 83: Chart on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 84: Data Table on Japan - Market size and forecast 2023-2028 ($ million)
- Exhibit 85: Chart on Japan - Year-over-year growth 2023-2028 (%)
- Exhibit 86: Data Table on Japan - Year-over-year growth 2023-2028 (%)

8.13 Market opportunity by geography
- Exhibit 87: Market opportunity by geography ($ million)
- Exhibit 88: Data Tables on Market opportunity by geography ($ million)

9 Drivers, Challenges, and Trends

9.1 Market drivers

9.2 Market challenges

9.3 Impact of drivers and challenges
- Exhibit 89: Impact of drivers and challenges in 2023 and 2028

9.4 Market trends

10 Vendor Landscape

10.1 Overview

10.2 Vendor landscape
- Exhibit 90: Overview on Criticality of inputs and Factors of differentiation

10.3 Landscape disruption
- Exhibit 91: Overview on factors of disruption

10.4 Industry risks
- Exhibit 92: Impact of key risks on business

11 Vendor Analysis

11.1 Vendors covered
- Exhibit 93: Vendors covered

11.2 Market positioning of vendors
- Exhibit 94: Matrix on vendor position and classification

11.3 AP Moller Maersk AS
- Exhibit 95: AP Moller Maersk AS - Overview
- Exhibit 96: AP Moller Maersk AS - Business segments
- Exhibit 97: AP Moller Maersk AS - Key news
- Exhibit 98: AP Moller Maersk AS - Key offerings
- Exhibit 99: AP Moller Maersk AS - Segment focus

11.4 Baker Tilly International Ltd.
- Exhibit 100: Baker Tilly International Ltd. - Overview
- Exhibit 101: Baker Tilly International Ltd. - Business segments
- Exhibit 102: Baker Tilly International Ltd. - Key offerings
- Exhibit 103: Baker Tilly International Ltd. - Segment focus

11.5 BDO International Ltd.
- Exhibit 104: BDO International Ltd. - Overview
- Exhibit 105: BDO International Ltd. - Business segments
- Exhibit 106: BDO International Ltd. - Key offerings
- Exhibit 107: BDO International Ltd. - Segment focus

11.6 DB Schenker
- Exhibit 108: DB Schenker - Overview
- Exhibit 109: DB Schenker - Business segments
- Exhibit 110: DB Schenker - Key offerings
- Exhibit 111: DB Schenker - Segment focus

11.7 Deloitte Touche Tohmatsu Ltd.
- Exhibit 112: Deloitte Touche Tohmatsu Ltd. - Overview
- Exhibit 113: Deloitte Touche Tohmatsu Ltd. - Business segments
- Exhibit 114: Deloitte Touche Tohmatsu Ltd. - Key offerings
- Exhibit 115: Deloitte Touche Tohmatsu Ltd. - Segment focus

11.8 Ernst and Young Global Ltd.
- Exhibit 116: Ernst and Young Global Ltd. - Overview
- Exhibit 117: Ernst and Young Global Ltd. - Product / Service
- Exhibit 118: Ernst and Young Global Ltd. - Key offerings

11.9 Farrow Ltd.
- Exhibit 119: Farrow Ltd. - Overview
- Exhibit 120: Farrow Ltd. - Product / Service
- Exhibit 121: Farrow Ltd. - Key offerings

11.10 Grant Thornton International Ltd.
- Exhibit 122: Grant Thornton International Ltd. - Overview
- Exhibit 123: Grant Thornton International Ltd. - Business segments
- Exhibit 124: Grant Thornton International Ltd. - Key offerings
- Exhibit 125: Grant Thornton International Ltd. - Segment focus

11.11 KPMG International Ltd.
- Exhibit 126: KPMG International Ltd. - Overview
- Exhibit 127: KPMG International Ltd. - Business segments
- Exhibit 128: KPMG International Ltd. - Key news
- Exhibit 129: KPMG International Ltd. - Key offerings
- Exhibit 130: KPMG International Ltd. - Segment focus

11.12 Larkin Trade International
- Exhibit 131: Larkin Trade International - Overview
- Exhibit 132: Larkin Trade International - Product / Service
- Exhibit 133: Larkin Trade International - Key offerings

11.13 PricewaterhouseCoopers LLP
- Exhibit 134: PricewaterhouseCoopers LLP - Overview
- Exhibit 135: PricewaterhouseCoopers LLP - Product / Service
- Exhibit 136: PricewaterhouseCoopers LLP - Key offerings

11.14 Ryan LLC
- Exhibit 137: Ryan LLC - Overview
- Exhibit 138: Ryan LLC - Product / Service
- Exhibit 139: Ryan LLC - Key offerings

11.15 Tiger Logistics
- Exhibit 140: Tiger Logistics - Overview
- Exhibit 141: Tiger Logistics - Product / Service
- Exhibit 142: Tiger Logistics - Key offerings

11.16 United Parcel Service Inc.
- Exhibit 143: United Parcel Service Inc. - Overview
- Exhibit 144: United Parcel Service Inc. - Business segments
- Exhibit 145: United Parcel Service Inc. - Key offerings
- Exhibit 146: United Parcel Service Inc. - Segment focus

11.17 XPO Inc.
- Exhibit 147: XPO Inc. - Overview
- Exhibit 148: XPO Inc. - Business segments
- Exhibit 149: XPO Inc. - Key offerings
- Exhibit 150: XPO Inc. - Segment focus

12 Appendix

12.1 Scope of the report

12.2 Inclusions and exclusions checklist
- Exhibit 151: Inclusions checklist
- Exhibit 152: Exclusions checklist

12.3 Currency conversion rates for US$
- Exhibit 153: Currency conversion rates for US$

12.4 Research methodology
- Exhibit 154: Research methodology
- Exhibit 155: Validation techniques employed for market sizing
- Exhibit 156: Information sources

12.5 List of abbreviations
- Exhibit 157: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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