Report Details-
North America Cargo Inspection Market, By Industry Type (Mining, Metals, Agriculture, Oil, Gas, Petrochemicals, Chemicals, Machine Manufacturing, Automotive, Medical Devices and Others), Type (LNG, LPG, Coal, Iron Ore, Grains, Fertilizers, Ro-Ro, Cruise and Others), Offering (Product, Services), Inspection Type (Bunker Quantity Surveys, Hold & Hatch Inspection Hold Survey, Draft Survey, Cargo Damage Survey, Cargo Lashing/ Handling/Logistics, Cargo Tally Verification Draft Survey, Cargo Survey, Pre-Shipment Inspection, Cargo Sampling (Oil), Cargo Measurement (Oil), Proof and Inspection of Asset, Pre-Vetting Inspection, Pre-Purchase Vessel Inspection, Vessel On/Off Hire Survey, Vessel Condition and Damage Survey, Cleanliness ISM Preparation Audit, Marine Warranty Survey Navigation Audit and Others), Technology (Non-Intrusive Inspection Technology, Non-Destructive Evaluation (NDE) Technology), Port Types (Sea Ports, Inland Ports, Dry Ports, Warm Water Ports), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights: North America Cargo Inspection Market
Cargo inspection market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses that the market is growing with a CAGR of 3.8% in the forecast period of 2021 to 2028 and expected to reach USD 673,630.33 thousand by 2028. Increasing demand from oil and gas industry acting as major factor for the growth of the market.
Rising demand of oil and gas by products has directly enhanced the cargo inspection systems with products and services so that any major incident can be avoided and the oil and gas can be saved from igniting or any accidents, thus boosting the growth of the cargo inspection market
Cargo inspection protects the bulk commodity cargos by minimizing the risk of loss exposure significantly to the related parties involved while trading. It occurs at the time of transportation, store operations and custody transfer. Bulk commodities such as grains, crude oil, edible oil, chemical and more products are being measured, verified and analysed for shipment and quality and quantity inventory.
Growing number of seaborne trade balances has enhanced the demand for cargo inspection market. Rising concern for the cargo inspectors while operating in tanker is high that is acting as a restraint for the growth of the cargo inspection market. The rising investment in technology and container scanning is acting as an opportunity for the growth of the cargo inspection market. The unintended delay due to lockdown has also posed a challenge to the growth of the cargo inspection market.
Cargo Inspection Market Scope and Market Size
The cargo inspection market is segmented on the basis of industry type, type, offering, inspection type, technology and port types. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of industry type, the cargo inspection market is segmented into mining, metals, agriculture, oil, gas, petrochemicals, chemicals, machine manufacturing, automotive, medical devices and others. In 2021, agriculture industry dominates the overall market with maximum market share due to the rise in the export and import duties regarding agro-commodity worldwide.
- On the basis of type, the cargo inspection market is segmented into LNG, LPG, coal, iron ore, grains, fertilizers, Ro-Ro, cruise and others. In 2021, the grains segment accounts for the highest market share in type segment due to the rising concern regarding food and feed quality both by consumers and public authorities which has made every company focus on varied factors including health and safety, quality, environment and others.
- On the basis of offering, the cargo inspection market is segmented into product and services. In 2021, the product segment holds the highest market share due to continuous technological advancements in 3D scanners, robotics and others to provide improved and accurate inspection services.
- On the basis of inspection type, the cargo inspection market is segmented into bunker quantity surveys, hold & hatch inspection hold survey, draft survey, cargo damage survey, cargo lashing/ handling/logistics, cargo tally verification draft survey, cargo survey, pre-shipment inspection, cargo sampling (oil), cargo measurement (oil), proof and inspection of asset, pre-vetting inspection, pre-purchase vessel inspection, vessel on/off hire survey, vessel condition and damage survey, cleanliness ISM preparation audit, marine warranty survey navigation audit and others. In 2021, bunker quantity surveys segment is dominating due to automation.
Cargo Inspection Market Country Level Analysis
Cargo inspection market is analysed and market size information is provided by the country, industry type, type, offering, inspection type, technology and port types as referenced above.
The countries covered in cargo Inspection market report are U.S., Canada and Mexico in North America.
The U.S. dominates the market owing to factor such as rising development and enhancement of the technology for the market. The enhancement of the technology for the development in the field of inspection services. Canada holds the second position owing to development in the cruise facility provided by the ports.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
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Competitive Landscape and Cargo Inspection Market Share Analysis
Cargo inspection market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to North America cargo inspection market.
The major players covered in the report are SGS SA, Bureau Veritas, Intertek Group plc, ALS Limited, Cotecna, Alex Stewart International, AHK Group Ltd, Camin Cargo Control, Swiss Approval International, Peterson and Control Union, AIM Control Inspection Group of Companies, Wakefield Inspection Services, Marine Inspection LLC., Qtech Control Limited, WK Webster., Brookes Bell LLP, TÜV SÜD, Hitachi, Ltd., Smiths Detection Group Ltd. (A Subsidiary of Smiths Group plc), and Eurofins Scientific among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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Major TOC of the Report
1 INTRODUCTION
2 MARKET SEGMENTATION
3 EXECUTIVE SUMMARY
4 PREMIUM INSIGHTS
5 MARKET OVERVIEW
6 IMPACT OF COVID-19 ON THE NORTH AMERICA CARGO INSPECTION MARKET
7 NORTH AMERICA CARGO INSPECTION MARKET, BY INDUSTRY TYPE
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