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SGS Group and Intertek Group held a significant share in the cargo inspection industry in 2023. SGS Group holds a significant share in the cargo inspection industry due to its comprehensive range of inspection, verification, testing, and certification services, which are recognized globally for their quality and reliability. As one of the world's leading inspection companies, SGS has established a vast network of laboratories and offices in key trading hubs and ports, enabling them to offer prompt and localized services to clients across various industries.
Their expertise in regulatory compliance and standards ensures that cargo meets the necessary international trade requirements, making them a trusted partner for businesses looking to mitigate risks and ensure the integrity of their shipments. SGS’s continuous investment in advanced inspection technologies, such as non-intrusive inspection (NII) systems and digital platforms, allows them to provide innovative solutions that enhance efficiency and accuracy in cargo inspection. Additionally, SGS’s reputation for impartiality and thoroughness strengthens their position as a preferred provider in the market.
Intertek Group maintains a significant share in the cargo inspection market due to its extensive experience and broad service portfolio that caters to a wide range of industries, including mining, oil and gas, chemicals, and consumer goods. Intertek's global presence, with operations in over 100 countries, allows them to offer timely and efficient inspection services at major trade routes and logistics centres worldwide.
The company's strong emphasis on innovation and quality assurance is evident in their adoption of cutting-edge inspection technologies, including advanced X-ray and gamma-ray scanning systems, as well as their development of customized inspection solutions tailored to specific industry needs. Intertek's commitment to providing comprehensive inspection services, from pre-shipment inspections to post-delivery verification, ensures that cargo complies with regulatory standards and meets quality expectations. Their robust customer support and detailed reporting further enhance client trust and satisfaction, solidifying Intertek’s significant role in the market.
Major players operating in the cargo inspection industry are:
The market size of cargo inspection reached USD 3.14 billion in 2023 and will grow at 5% CAGR between 2024 and 2032, led by increasing global trade, stringent regulatory standards, the rise of e-commerce and demand for fast, reliable shipping.
Cargo inspection industry from the oil & gas segment will record 5% CAGR through 2032, primarily due to critical safety and regulatory requirements and the global demand for energy resources.
Asia Pacific market accounted for 35% share in 2023, propelled by the stringent regulatory environment and the increasing imports of goods requiring thorough inspection, expansive manufacturing base and booming trade volumes.
Some of the prominent industry players are SGS Group, Intertek Group, Bureau Veritas, T