TÜV SÜD, Eurofins Scientific and SGS SA are Dominating in the Global Cargo Inspection Market in 2020

Global Cargo Inspection Market is expected to grow with the CAGR of 4.1% in the forecast period of 2021 to 2028. The years considered for study are as mentioned below:

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Global cargo inspection market is a highly consolidated market which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in global cargo inspection market are introducing various technologies with 3D and robotic product. This helped companies to enhance its sale with enhanced product portfolio. For instance, in March 2021, Smiths Detection Group Ltd. (a subsidiary of Smiths Group plc) introduced a dual-view air cargo scanner HI-SCAN 145180-2is pro. The product has been added onto the ‘Qualified” section of the Transportation Security Administration’s (TSA) Air Cargo Screening Technology List (ACSTL), ensuring the security of cargo. The company strengthened its business through the launch of this product.

TÜV SÜD is the dominating player in global cargo inspection market. The other key players existing in the cargo inspection market includes SGS SA, Bureau Veritas, Intertek Group plc, ALS Limited, Cotecna, Alex Stewart International, AHK Group Ltd, CWM Survey & Inspection BV, Camin Cargo Control, Swiss Approval International, Peterson and Control Union, AIM Control Inspection Group of Companies, Cargo Inspections International Limited, certispeceame, Wakefield Inspection Services, Marine Inspection LLC, Qtech Control Limited, CISCO, CWH Johnsons International, WK Webster, Brookes Bell LLP, Hitachi, Ltd., Smiths Detection Group Ltd. (a subsidiary of Smiths Group plc), Eurofins Scientific among others.

Cargo Inspection MarketTÜV SÜD:

TÜV SÜD is headquartered in Munich, Germany which was founded in 1865. The company provides security, safety and sustainability solutions for the technology related issues. The company deals in multiple business segments such as industry, mobility and certification among which certification is the market focused segment. The company offers wide range of services under categories such as auditing & system certification, cyber security, functional safety, global market access, inspection, product certification, risk management, technical advisory, testing and training among which inspection is the market focused category.

For instance,

  • In November 2019, TÜV SÜD was recognized by the German Maritime and Hydrographic Agency for the certification of offshore wind farms and holds certification for the inspection for offshore wind farm projects reducing costs in offshore wind energy. The company has enhanced its service portfolio and delivering more profit to it.

The company has presence in Americas, Europe, Middle East and Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as TÜV SÜD America Inc. (U.S.), Global Risk Consultants Corp. (U.S.), pH srl (Italy), Uniscon universal identity control GmbH (Germany), TÜV SÜD Korea Ltd. (South Korea) among others.

Eurofins Scientific:

Eurofins Scientific is headquartered in Val Fleuri, Luxembourg and was founded in 1987. The company provides various analytical methods for evaluating identity, safety, composition and authenticity of innovative clinical diagnostics. The company offers various services under categories such as food & feed testing, biopharma services, agroscience services, agro testing, genomic services, consumer product testing, environment testing, clinical diagnostics, forensic services, materials & engineering sciences, technologies and cosmetics & personal care among which petroleum services, food and feed testing, tank ship inspection and inspection are the market focused categories.

For instance,

  • In December 2021, Eurofins Scientific announced expanding its Eurofins Agroscience Services (EAS) division in Lafayette, Indiana, the U.S. to fulfil the increasing demand for quality contract field research services. The expansion enhanced the business outcome for the company generating more revenue for it.

The company has presence in Americas, Europe, Middle East and Africa and Asia-Pacific. In addition to it, the company also generates its revenue from the various subsidiary companies such as Eurofins Biomnis (Lyons), Megalab SA (Greece), Bioaccess S.A. (South Africa), DIATHERIX EUROFINS, LLC (U.S.), DiscoveRx (U.S.) among others.

SGS SA:

SGS SA is headquartered in Geneva, Switzerland which was established in 1878. The company delivers varied services namely inspection, verification, testing and certification that promote sustainable growth for long term profitable business. The company operates in various business segments such as AFL, MIN, OGC, CRS, CBE, IND, EHS and GIS among which AFL and OGC are the market focused segments. The company has various services under categories which are agriculture & food, certification, chemical, construction, consumer goods & retail, energy, environment, health & safety, industrial manufacturing, life sciences, mining, oil & gas, public sector, sustainability, trade, training services and transportation in which mining, agriculture & food and oil & gas are the market focused categories.

For instance,

  • In June 2018, SGS SA opened a new oil, chemical and natural gas testing laboratory especially dedicated to oil, chemical and natural gas testing laboratory. The laboratory provides 90 testing methods for crude oil, refined petroleum products, LPG, natural gas, aromatics and other petrochemicals. The testing methods include ASTM, ISO, GPA and other industry standards.

The company has global presence in Americas, Europe, Middle East and Africa and Asia-Pacific. Also, the company generate revenue from its subsidiaries such as CEBEC (Belgium) and SGS New Zealand Limited (New Zealand) among others.