Cargo Inspection Market

SGS and Intertek are Leading Players in Cargo Inspection Market

The cargo inspection market is expected to grow from an estimated USD 2.38 billion in 2018 to USD 2.85 billion by 2023, at a CAGR of 3.66% between 2018 and 2023. Cargo inspection is one of the inspection services offered by the companies to test the quality and quantity of traded commodities and condition of cargos through which these commodities get traded. The inspection of cargos includes cleanliness inspections of cargos, loading and discharge supervision, tank calibration, and damage survey. These inspections are carried out under the specialized cargo surveyors and consultants. Major companies in this market are SGS Group (Switzerland), Bureau Veritas SA (France), Intertek Group plc (UK), ALS Limited (Australia), and Cotecna Inspection SA (Switzerland). The cargo inspection is a matured market, and thus, companies in this market are adopting organic and inorganic growth strategies to capture market share. SGS Group (Switzerland), Bureau Veritas SA (France), and Intertek Group plc (UK) are offering services in to niche market or acquiring some other companies in this market.

SGS is one of the leading organizations providing cargo inspection services for various commodities worldwide. The company’s services enable manufacturers, importers, exporters, and retailers to gain a competitive edge in the inspection of their products and commodities. The company has presence in North America, Europe, APAC, Middle East, and Africa. The company adopted the organic growth strategies such as offering their inspection services to various clients. In March 2017, the company received a 3 years of contract from Cargo IQ group. SGS will audit Cargo IQ members to demonstrate their certification, process, and services are compliant with quality standards for the worldwide cargo industry. The company’s cargo inspection services help reduces the risk, control quality and quantity, and comply with relevant regulatory requirements in various geographies and markets.

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Intertek is a London-based company that has significant experience in the testing and inspection space globally, with the aim to ensure the quality and safety of products. The company’s inspection services ensure that products meet the quality, environment, safety, and international standards. Intertek has mainly adopted the inorganic growth strategy such as collaboration and expansion to gain a competitive advantage in the cargo inspection market. Recently, in April 2018 Intertek Group acquired Aldo Abela Surveys (AAS) Limited. AAS is a leading provider of quantity and quality cargo inspection services. AAS is a trusted partner to many oil traders and operators which will directly help the Intertek to strengthen its footprints in oil & gas industry. Moreover, in April 2018, Intertek announced to acquire Proasem, a Colombia-based leading provider of laboratory testing, inspection, metrology, and training services. This acquisition will help the company strengthen its presence in South America.

Swiss Aprroval International (Switzerland), AIM control Group (Vietnam), Cargo inspection Group (UK), Certspec Group (UK), QTECH Control Limited (UK), and Brooks Bell (UK) contribute significantly to the cargo inspection market.

Related Reports:

Cargo Inspection Market by Industry (Oil , Gas, & Petrochemicals, Metals & Mining, and Agriculture), and Region (North America, Europe, Asia Pacific, and Rest of the World (South America and Middle East & Africa) - Global Forecast to 2023

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Report Code
SE 6539
RI Published ON
8/14/2018
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