+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

PRINTER FRIENDLY

Global Customs Audit Market 2017-2021 - Product Image

Global Customs Audit Market 2017-2021

  • ID: 4027514
  • Report
  • Region: Global
  • 58 pages
  • TechNavio
1h Free Analyst Time

Speak directly to the analyst to clarify any post sales queries you may have.

1 of 4

FEATURED COMPANIES

  • and PwC
  • BDO
  • Deloitte
  • EY
  • Farrow
  • Grant Thornton
  • MORE
About Customs Audit

One of the key growth stimulators in the global customs audit market is the severe penalties imposed by authorities for trade-related transgressions. As smuggling and security concerns are increasing, customs professionals are making regulations stringent, propelling the growth of the market. Also, companies focus on enhancing supply chain efficiency, which has prompted them to employ customs brokers to simplify the process.

The analysts forecast the global customs audit market to grow at a CAGR of 5.15% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global customs audit market for 2017-2021. To calculate the market size, the report considers the revenue generated from the following services:

- Audit
- Advisory

The market is divided into the following segments based on geography:

- Americas
- APAC
- EMEA

The report, Global Customs Audit Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- EY
- Deloitte
- KPMG
- PwC

Other prominent vendors
- Affiliated Customs
- Brokers
- BDO
- Farrow
- Grant Thornton
- Larkin Trade International
- Ryan
- Tiger Logistics
- UPS Supply Chain Solutions
- World Wide Customs Brokers
- XPO Logistics

Market drivers
- Increasing demand for efficient supply chain
- For a full, detailed list, view the full report

Market challenges
- Concerns over cybersecurity breaches
- For a full, detailed list, view the full report

Market trends
- Increasing digitization in customs audit and compliance
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

You can request one free hour of the analyst’s time when you purchase this market report. Details are provided within the report.
Note: Product cover images may vary from those shown
2 of 4

FEATURED COMPANIES

  • and PwC
  • BDO
  • Deloitte
  • EY
  • Farrow
  • Grant Thornton
  • MORE
Part 01: Executive summary

Part 02: Scope of the report
  • Market overview
  • Vendor landscape
  • Common currency conversion rates
  • Top-vendor offerings
Part 03: Market research methodology
  • Research methodology
  • Economic indicators
Part 04: Introduction
  • Key market highlights
Part 05: Market landscape
  • Market overview
  • Trade growth
  • Types of customs audits
  • Market size and forecast
  • Five forces analysis
Part 06: Segmentation by service
  • Global customs audit services market
  • Global customs advisory services market
Part 07: Geographical segmentation
  • Global customs audit market by geography
  • Customs audit market Americas
  • Customs audit market in EMEA
  • Customs audit market in APAC
Part 08: Market drivers
  • Increasing demand for efficient supply chain
  • Increasing number of FTAs
  • Shifting trade pattern to APAC economies
  • Severe penalties for trade-related transgressions
Part 09: Impact of drivers

Part 10: Market challenges
  • Concerns over cybersecurity breaches
  • Lack of standardization
  • Threat of substitutes
Part 11: Impact of drivers and challenges

Part 12: Market trends
  • Emergence of new customs regulations like voluntary disclosure
  • Increasing digitization in customs audit and compliance
  • Increasing demand for risk management advisory services
Part 13: Vendor landscape
  • Competitive benchmarking
  • Other prominent vendors
Part 14: Key vendor analysis
  • EY
  • Deloitte
  • KPMG
  • PwC
  • Other prominent vendors
Part 15: Appendix
  • List of abbreviations
Part 16: About the Author

List of Exhibits

Exhibit 01: Service offerings
Exhibit 02: Global customs audit market 2016-2021 ($ billions)
Exhibit 03: Five forces analysis
Exhibit 04: Global customs audit market by service 2016
Exhibit 05: Global customs audit services 2016-2021 ($ billions)
Exhibit 06: Global customs advisory services market 2016-2021 ($ billions)
Exhibit 07: Global customs audit market by geography 2015
Exhibit 08: Customs audit market in Americas 2016-2021 ($ billions)
Exhibit 09: Top EU international trade countries (external trade flows with EU-28) 2015 ($ billions)
Exhibit 10: Customs audit market in EMEA 2016-2021 ($ billions)
Exhibit 11: Customs audit market in APAC 2016-2021 ($ billions)
Exhibit 12: Impact of drivers
Exhibit 13: Impact of drivers and challenges
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4

FEATURED COMPANIES

  • and PwC
  • BDO
  • Deloitte
  • EY
  • Farrow
  • Grant Thornton
  • MORE
New Report Released: - Global Customs Audit Market 2017-2021

The author of the report recognizes the following companies as the key players in the global customs audit market 2017-2021: EY, Deloitte, KPMG, and PwC

Other Prominent Vendors in the market are: Affiliated Customs Brokers, BDO, Farrow, Grant Thornton, Larkin Trade International, Ryan, Tiger Logistics, UPS Supply Chain Solutions, World Wide Customs Brokers, and XPO Logistics

Commenting on the report, an analyst from the research team said: “New customs regulations like voluntary disclosures are likely to increase the role of professional customs service providers in the global customs audit market. These regulations provide a voluntary disclosure mechanism, in which companies that import/export goods, voluntarily report violations to the customs department and accept the penalty. Voluntary disclosure leads to a lenient treatment or reduced administrative penalties. This encourages companies to adopt routine internal control process to improve compliance and allay the concerns about heavy penalties. Voluntary disclosure of significant issues requires the involvement of senior management at the global and/or regional level. The introduction of these regulations prompts companies to adopt a formal process for customs audit. The internal control process involves review of daily import/export declaration errors, discrepancies in processing trade customs handbook, and errors identified during periodic compliance reviews and in due diligence.”

According to the report, the emergence of new economic powerhouses in recent years has compelled companies to explore new markets, causing a significant change in trade patterns. For instance, 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. During the forecast period, APAC will continue to be the most dynamic region for trade and account for the fastest growth of merchandise exports. Although APAC economies are new and unexplored, customs duty and indirect tax landscapes are very complex in Asian countries. Therefore, the need to manage customs-related challenges of international trade steers the demand for professional service providers.

Further, the report states that revenues from customs account for the majority of revenue collected by governments in comparison to internal taxes. With countries having different compliances regulations, vendors face the difficulty in the standardization of services to clients. Also, most emerging countries do not have centralized customs declaration systems, and goods crossing different local borders are subject to customs declaration at each location. This disrupts the entire supply chain of importers and exporters. The requirement for customs declaration at each local border reduces uniformity in the process.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
Note: Product cover images may vary from those shown
5 of 4
  • EY
  • Deloitte
  • KPMG
  • and PwC
  • Affiliated Customs Brokers
  • BDO
  • Farrow
  • Grant Thornton
  • Larkin Trade International
  • Ryan
  • Tiger Logistics
  • UPS Supply Chain Solutions
  • World Wide Customs Brokers
  • XPO Logistics
Note: Product cover images may vary from those shown
Adroll
adroll