Pune, India -- (SBWIRE) -- 03/08/2019 -- Cargo inspection market report is a clear industry study that explains what the market definition, classifications, applications, commitments and trends in the global industry are. Using SWOT analysis, the market drivers and restrictions were explained. In 2018-2025, the Cargo inspection Market will overcome new boundaries. The Global Cargo inspection Market Report includes all of the major players and brands ' company profiles. The regional segmentation covers historical demands and forecasts for North America, Europe, Asia-Pacific, Middle East, Latin America, and Africa. The report breaks down key product developments and tracks key players ' recent acquisitions, fusions and research in the industry. Due to increasing demand at the end user level, the Cargo inspection market is expected to witness growth during the forecast period.

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Market is expected to reach USD 1,327.1 million by 2025 from USD 863.4 million in 2017 and is projected to grow at a CAGR of 6.29% in the forecast period of 2019 to 2025 (Current Year Statistic Will Be Provided in Report). The renowned players in global cargo inspection market are


- Millennium Solutions

- Qtech Control Limited

- CERTISPEC Services Inc

- CWM Survey & Inspection BV

- AHK Group Ltd

- Peterson and Control Union

- Alex Stewart International

- Cargo Inspections International Limited

- AIM Control Group

- SWISS APPROVAL International

- Cotecna Inspection SA,

- Intertek Group plc,

- Bureau Veritas,

- CMA CGM,

- The Maersk Group,

- MSC Mediterranean Shipping Company S.A.,

- PALANPINA WORLD TRANSPORT (HOLDING) LTD.

- Others


Global Cargo Inspection market report contains data for historic years 2016, the base year of calculation is 2017 and the forecast period is 2019 to 2025. The market is based on


- Product Type

- Technology

- Applications

- End User Industry

- Geographical Segments




- Based on product type, the market is segmented into




- 3D

- Micro

- Robotic




- Based on technology, the market is segmented into




- Pure waterjet cutting technology

- Abrasive waterjet cutting technology




- Based on applications, the market is segmented into




- Glass/metal art

- Fiberglass cutting

- Foam product cutting




- Based on end user industry, the market is segmented into




- Automotive

- Machine manufacturing

- Medical devices




- Based on geography, the market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

- Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.


Cargo inspection ensures the safety of people and sites, maintaining regulatory compliance of raw materials used in all phases of the process and providing services such as tank gauging, bunker inspection, atmospheric monitoring, tank cleanliness inspection, tanker lightering, offshore lightering cargo inspection, sample quality laboratory testing and investigation of cargo discrepancies.


- In 2017, OMAX Corporation launched new protoMAX abrasive water jet which is applicable in cutting a material that 2'' thick.

- In 2015, Hughes Pump introduced Ultrabar 30 triplex pump in waterjet machine for Offshore Oil & Gas, Manufacturing, Ship Maintenance and Contracting.


 

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Major Points from Table of Content of Cargo inspection Market:


- Introduction

- Research Methodology

- Executive Summary

- Key Inferences

- Market Overview

- Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)

- Market Segmentation

- Competitive Landscape

- Key Players

- Future of the Market


The cargo inspection plays an important role by offering several services to meet all the regulations and standards. The cargo inspection market is arising in the global world, particularly in the evolving economies of Asia Pacific. This growth is mainly being encouraged by the strict regulatory and economic factors. The rise and development in trading drives the cargo shipping market. Trade house across regions endeavors to enhance the quality standards and performance of goods that are imported and exported to the foreign markets, especially in developed countries where tough regulations are imposed on imported goods.

The global cargo inspection market is fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market in order to sustain in long run. The report includes market shares of cargo inspection industry for global, Europe, North America, Asia Pacific and South America.

 Market Drivers and Restraints:


- Increasing demand for implementation of automobile industry.

- Growing demand in the field of 3D cutting and job shops.

- Rising demand for water cutting machine in the electronic industry such as applicable in electrical enclosures and control panels.

- Rising demand in aerospace industry for cutting hard metals such as steel, titanium and glass.

- Distortion due to high cost of establishment.


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