Global Cargo Inspection Market Size, Share, Opportunities, And Trends By Component (Hardware, Software, Services), By Industry Vertical (Oil and Gas, Mining, Agriculture, Others), And By Geography - Forecasts From 2025 to 2030

Description

Cargo Inspection Market Size:

The Global Cargo Inspection Market is set to increase from USD 3.011 billion in 2025 to USD 3.669 billion by 2030, at a CAGR of 4.03%.

The market is expected to surge in the coming years, due to the increase in cargo trade, globally. Moreover, the rise in cross-border trade, free trade agreements, and the imperative need to protect high quality and value commodity goods and cargos, are expected to have a significant impact on the overall market growth, during the forecast period.

Moreover, major companies, globally, have been providing advanced and innovative cargo inspection services and solutions, which is also expected to be a major factor in the overall market growth, in the coming years. For instance, Intertek, one of the major players in the market, provides cargo inspection services and reduces and minimizes commodity cargo trading risks with independent testing and inspection. The company helps in the protection of high-value and quality commodity cargos and substantially minimizes the risk of loss exposure, to all the respective parties involved.

Cargo Inspection Market Drivers:

• Increasing global cargo trade.

The market is expected to surge in the coming years, because of the increasing growth in cargo trade, globally. According to the data given by the United Nations Conference on Trade and Development, maritime transportation has become an imperative part of global trade and economy. Approx. 80% of worldwide trade by volume and more than 70% of trade by value go through sea and oceans and are handled and managed by ports, globally. There has been a surge in the total share of developing economies in seaborne trade imports and had risen to approx. 65% in the year 2019. Moreover, more than 40% of all loaded goods and around 62% of all the goods are unloaded in Asian seaports. Over 11.1 billion tons were shipped internationally in the year 2019. Approx. 7.9 billion tons were of dry cargo. There has also been a rise in the total trade share of dry cargo, in recent years. These trends are expected to have positive development for the market, during the forecast period. Increasing oil and gas trade is expected to have a positive impact on the market.

According to the BP Statistical Review 2020, total crude product exports and imports were at 1241.9 million tonnes in the year 2019. Due to the COVID-19 pandemic, the trade had slowed down or dropped in the year 2020. But, in the coming years, the oil and gas trade is expected to surge at an exponential rate. Moreover, the increasing trade of minerals, and agricultural products are expected to have a positive impact on the market, during the forecast period. The rising trade is expected to surge the need for cargo inspection, worldwide. One of the major advantages of cargo inspection is that it reduces risk. Customers and importers don’t have to pay a significant sum of capital and can easily avoid re-inspection. Moreover, it also enhances the customer's and buyer's confidence in the respective product or commodity. It also reduces and lowers costs and enhances acceptance of goods, worldwide. These trends are expected to have a positive impact on the market, during the forecast period.

• Increasing Maritime Fraud.

Major companies have been investing a significant sum of capital to enhance and develop their cargo inspection services for their respective customers. Moreover, an increase in maritime fraud is also expected to have a major impact as the criminals and perpetrators have been developing novel methods such as computer hacking. Major ports, worldwide, have been adopting novel and advanced solutions and technologies to enable and detect novel types of fraud, like automating container operations.

Furthermore, increasing competition has enabled shipowners to disregard further and due diligence, when dealing with their novel business partners. Rising fuel prices enable strong criminal designs, and allow them to impact the quantity consumption by the vessels, quality of deliveries, and quantity of deliveries. Adulteration and off-specification are some of the common concerns regarding the bunkers. Forged bills of landing with the intention and aim to steal the cargo have also grown at an exponential rate in the past few years. There has been an increase in the demand for advanced software solutions to detect these types of frauds. Several watchdogs had been formed in the past few years, to detect maritime fraud. International Maritime Bureau is known as a specialized division of the International Chamber of Commerce, whose major task is to urge organizations, governments, and other related interested parties to cooperate and exchange information with each other, intending to combat maritime frauds, globally.

Moreover, the role of cargo inspection companies has grown at an exponential rate in the past decade as these firms and companies provide expertise and solutions to their respective organizations and governments. Some of the major companies provide extensive training to border and customs officials, globally, and allows them to use their advanced and innovative cargo inspection system and solutions.

The Cargo Inspection Market is analyzed into the following segments:

By Offerings

• Solutions
• Services

By Cargo Type

• Bulk Cargo
• General Cargo
• Others

By Inspection Type

• Pre-Shipment Inspection
• Post-Shipment Inspection

By Transportation

• Land-Based
• Water-Based
• Air-Based

By End-User

• Mining
• Oil & Gas
• Chemicals & Petrochemicals
• Agriculture
• Others

By Geography

• North America
  • USA
  • Canada
  • Mexico
• South America
  • Brazil
  • Argentina
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Middle East and Africa
  • Saudi Arabia
  • UAE
  • Israel
  • Others
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Thailand
  • Taiwan
  • Others

Table Of Contents

1. EXECUTIVE SUMMARY 

2. MARKET SNAPSHOT

2.1. Market Overview

2.2. Market Definition

2.3. Scope of the Study

2.4. Market Segmentation

3. BUSINESS LANDSCAPE 

3.1. Market Drivers

3.2. Market Restraints

3.3. Market Opportunities 

3.4. Porter’s Five Forces Analysis

3.5. Industry Value Chain Analysis

3.6. Policies and Regulations 

3.7. Strategic Recommendations 

4. TECHNOLOGICAL OUTLOOK

5. GLOBAL CARGO INSPECTION MARKET BY OFFERINGS

5.1. Introduction

5.2. Solutions

5.3. Services

6. GLOBAL CARGO INSPECTION MARKET BY CARGO TYPE

6.1. Introduction

6.2. Bulk Cargo

6.3. General Cargo

6.4. Others

7. GLOBAL CARGO INSPECTION MARKET BY INSPECTION TYPE

7.1. Introduction

7.2. Pre-Shipment Inspection

7.3. Post-Shipment Inspection

8. GLOBAL CARGO INSPECTION MARKET BY TRANSPORTATION

8.1. Introduction

8.2. Land-Based

8.3. Water-Based

8.4. Air-Based

9. GLOBAL CARGO INSPECTION MARKET BY END-USER

9.1. Introduction

9.2. Mining

9.3. Oil & Gas

9.4. Chemicals & Petrochemicals

9.5. Agriculture

9.6. Others

10. GLOBAL CARGO INSPECTION MARKET BY GEOGRAPHY

10.1. Introduction

10.2. North America

10.2.1. USA

10.2.2. Canada

10.2.3. Mexico

10.3. South America

10.3.1. Brazil

10.3.2. Argentina

10.3.3. Others

10.4. Europe

10.4.1. Germany

10.4.2. France

10.4.3. United Kingdom

10.4.4. Italy

10.4.5. Spain

10.4.6. Others

10.5. Middle East and Africa

10.5.1. Saudi Arabia

10.5.2. UAE

10.5.3. Israel

10.5.4. Others

10.6. Asia Pacific

10.6.1. China

10.6.2. India

10.6.3. Japan

10.6.4. South Korea

10.6.5. Indonesia

10.6.6. Thailand

10.6.7. Taiwan

10.6.8. Others

11. COMPETITIVE ENVIRONMENT AND ANALYSIS

11.1. Major Players and Strategy Analysis

11.2. Market Share Analysis

11.3. Mergers, Acquisitions, Agreements, and Collaborations

11.4. Competitive Dashboard

12. COMPANY PROFILES

12.1. Intertek Group PLC

12.2. Qima

12.3. Bureau Veritas

12.4. Cotecna

12.5. Leidos Holdings, Inc

12.6. Varex Imaging

12.7. Cargo Inspections Group

12.8. SGS

12.9. ALS Global

12.10. Applus+

12.11. Vallis Group Limited

13. APPENDIX

13.1. Currency 

13.2. Assumptions

13.3. Base and Forecast Years Timeline

13.4. Key benefits for the stakeholders

13.5. Research Methodology 

13.6. Abbreviations 

LIST OF FIGURES

LIST OF TABLES

Companies Profiled

Intertek Group PLC

Qima

Bureau Veritas

Cotecna

Leidos Holdings, Inc

Varex Imaging

Cargo Inspections Group

SGS

ALS Global

Applus+

Vallis Group Limited

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