cargo inspection market size, cargo inspection market report, cargo inspection market forecast, cargo inspection market outlook, cargo inspection market overview, cargo inspection market trends
How will the cargo inspection market size Grow Over the Forecast Period?
The cargo inspection market is projected to grow from $2.91 billion in 2024 to $3.02 billion in 2025 at a compound annual growth rate (CAGR) of 3.7%. The expansion in global trade, stringent regulatory standards, and rise in cross-border terrorism are among the diverse factors contributing to the market growth during the historic period. The market size is expected to further expand to reach $3.65 billion in 2029 at a CAGR of 4.9% due to continued global security concerns, expansion of e-commerce logistics, focus on anti-counterfeiting measures, and expansion of air cargo transportation. Advanced sensor technologies and the integration of artificial intelligence in supply chains are some of the major trends projected to influence the market in the forecast period.
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What’s Driving the Growth of the Cargo Inspection Market?
Growth in the cargo inspection market is largely propelled by increasing international trade as cargo inspection ensures the shipment’s content adhere to various requirements outlined in the sales contract. For instance, according to the World Trade Organization, the volume of world merchandise trade is expected to increase by 2.6% in 2024 and 3.3% in 2025, encouraging market growth.
What are the Major Segments in the Cargo Inspection Market?
1) By Type: Marine, Air, Road
2) By Component: Software, Hardware, Service
3) By Industry: Mining Industry, Oil And Gas Industry, Agriculture Industry, Other Industries
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Who are the Major Players in the Cargo Inspection Market?
Major companies in the cargo inspection market include SGS Group, Bureau Veritas SA, Intertek Group PLC, ALS Limited, Cotecna Inspection SA, Peterson and Control Union BV, Swiss Approval International GmbH, AIM Control Inspection Group of Companies, Cargo Inspections International Limited, among others.
What Trends are Shaping the Future of the Cargo Inspection Market?
Emerging trends such as product innovation are gaining popularity in the cargo inspection market. For example, in March 2022, National Cargo Bureau, a US-based container inspection company, launched a web-based remote container inspection service.
Which Region is Expected to Witness Rapid Growth in the Cargo Inspection Market?
North America dominated the cargo inspection market in 2024 while Asia-Pacific is projected to become the fastest-growing region in the forecast period as per the cargo inspection market report.
What Does The Cargo Inspection Market Report 2025 Offer?
Cargo inspections refer to quantity or quality checks carried out by an inspector during certification inspections. Such inspections occur during pre-production, production, final production, transit, and several other stages. The Cargo Inspection Market research report includes comprehensive data on global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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