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Market Size in USD Billion
| 2023 –2030 | |
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USD 2,473,502.05 Thousand |
| USD 3,445,895.40 Thousand | |
| % | |
Middle East and Africa Cargo Inspection Market, By Industry Type (Mining, Metals, Agriculture, Oil, Gas, Petrochemicals, Chemicals, Machine Manufacturing, Automotive, Medical Devices, Others), Type (LNG, LPG, Coal, Iron Ore, Grains, Fertilizers, Ro-Ro, Cruise, 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, Others), Technology (Non-Intrusive Inspection Technology, Non-Destructive Evaluation (NDE) Technology), Port Types (Sea Ports, Inland Ports, Dry Ports, Warm Water Ports) – Industry Trends and Forecast to 2030.
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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 Middle East and Africa cargo inspection market. Growing number of seaborne trade balances has enhanced the demand for Middle East and Africa 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 Middle East and Africa cargo inspection market.
Data Bridge Market Research analyses that the Middle East and Africa cargo inspection market which was USD 2,473,502.05 thousand in 2022, is expected to reach USD 3,445,895.40 thousand by 2030, and is expected to undergo a CAGR of 4.1% during the forecast period of 2023 to 2030. In 2022, agriculture industry dominates the overall market with maximum market share due to the rise in the export and import duties regarding agro-commodity worldwide. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable Years 2015-2020)
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Quantitative Units
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Revenue in USD Thousand, Pricing in USD
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Segments Covered
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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, 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, Others), Technology (Non-Intrusive Inspection Technology, Non-Destructive Evaluation (NDE) Technology), Port Types (Sea Ports, Inland Ports, Dry Ports, Warm Water Ports)
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Countries Covered
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Saudi Arabia, U.A.E., Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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SGS SA (Switzerland), Bureau Veritas (France), Intertek Group plc (U.K.), ALS Limited (Australia), Cotecna (Switzerland), Alex Stewart International (U.K.), AHK Group Ltd (China), Swiss Approval International (Switzerland), Peterson and Control Union (Netherlands), AIM Control Inspection Group of Companies (Vietnam), certispeceame (France), Wakefield Inspection Services (U.K.), Marine Inspection LLC (U.A.E.), Qtech Control Limited (China), CWH Johnsons International (U.K.), TÜV SÜD (Germany), Hitachi, Ltd. (Japan), Smiths Detection Group Ltd. (a subsidiary of Smiths Group plc) (U.K.), Eurofins Scientific (Luxembourg)
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Market Opportunities
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Market Definition
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 analyzed for shipment and quality and quantity inventory.
Driver
The Middle East and Africa cargo inspection market is experiencing a positive growth due to the increased use of oil and gas by products. Cargo inspection systems ensure the quality and safety of these products during transportation and storage. Therefore, the demand for these systems is rising along with the demand for oil and gas by products.
Opportunity
The Middle East and Africa cargo inspection market is expected to witness a significant growth in the coming years, as more and more countries invest in technology and container scanning to enhance their trade security and efficiency. These factors create new opportunities for the cargo inspection service providers, who can offer reliable and accurate verification of the quality, quantity, and safety of the goods being transported across borders.
Restraints/Challenges
One of the major factors that is limiting the expansion of the global cargo inspection market is the increasing risk for the cargo inspectors who work in tankers. The cargo inspection process involves checking the quality, quantity, and safety of the goods that are transported by sea, air, or land. The cargo inspectors have to face various challenges and hazards while performing their duties, such as exposure to toxic substances, fire, explosion, or piracy. These threats can endanger the lives and health of the cargo inspectors and affect their performance and productivity. Therefore, there is a growing need for enhancing the safety and security of the cargo inspection operations and providing adequate training and equipment for the cargo inspectors.
This Middle East and Africa cargo inspection market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyzes opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the Middle East and Africa cargo inspection market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
The cargo inspection market is segmented on the basis of industry type, type, offering, inspection type, technology, and port types. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Industry Type
Type
Offering
Inspection Type
Technology
Port Types
Middle East and Africa cargo inspection market is analyzed 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 the Middle East and Africa cargo inspection market report are the Saudi Arabia, U.A.E., Egypt, South Africa, Israel, rest of Middle East and Africa.
South Africa is expected to dominate the Middle East and Africa cargo inspection market owing to the rising government regulations for non-intrusive inspection technology segment for the inspection in the region. Saudi Arabia is expected to grow with highest CAGR due to the growing number of seaborne trades in the country.
The country section of the report also provides individual market-impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points like downstream and upstream value chain analysis, technical trends, and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Middle East and Africa brands and the challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
The 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, global 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 cargo inspection market.
Some of the major players operating in the cargo inspection market are:
SKU-
To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Middle East And Africa Cargo Inspection Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Middle East And Africa Cargo Inspection Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.