Cargo Scanning Equipment Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032

Posted by Amruta Pritam on November 24th, 2023

The Business Research Company’s Cargo Scanning Equipment Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Cargo Scanning Equipment Global Market Report 2023 evaluates cargo scanning equipment market size, growth rate, drivers, trends, and major companies.

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global cargo scanning equipment market is expected to grow from 3.25 billion in 2022 to 3.52 billion in 2023 at a compound annual growth rate (CAGR) of 8.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and resulted in increased interest rates affecting many markets across the globe. The cargo scanning equipment market is expected to reach 4.69 billion in 2027 at a CAGR of 7.4%.

The growth of international trade is expected to propel the growth of the cargo scanning equipment market going forward. International trade is defined as the acquisition and sale of goods and services between businesses in various nations and the interchange of goods and services from one nation to another via imports and exports. Cargo scanning equipment is essential to global trade by maintaining supply chain security, uncovering illegal activity, and supporting the efficient flow of legal trade. It assists customs officials in maintaining border security and reducing trade-related dangers. For instance, in June 2023, according to statistical data published by Eurostat, a Luxembourg-based statistical office for the European Union, in the second quarter of 2021, 854.3 million metric tons of goods were handled in EU ports, which grew to 873.05 million metric tons in the same timeframe for 2022. Furthermore, in June 2023, according to a study issued by the United Nations Conference on Trade and Development (UNCTAD), a Switzerland-based intergovernmental body promoting global commerce, international trade in goods increased by 1.9% in the first three months of 2023 compared to the previous quarter, adding almost 0 billion. Therefore, the growth of international trade will drive the cargo scanning equipment market.

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The cargo scanning equipment market segments in the report are:

1) By Equipment Type: Narcotics Trace Detectors, Non-Computed Tomography, X-Ray Scanners, Explosive Trace Detectors (ETDs), Radiation Detectors, Other Equipment Type

2) By Cargo Size: Small Parcels, Break Pallet Cargo, Oversized Cargo

3) By End-User: Airports, Railway Station, Border Control, Logistics And Transportation, Industrial And Manufacturing Facilities, Others End-Users

The table of contents in TBRC’s cargo scanning equipment market report includes:

1. Executive Summary

2. Cargo Scanning Equipment Market Characteristics

3. Cargo Scanning Equipment Market Trends And Strategies

4. Cargo Scanning Equipment Market - Macro Economic Scenario

5. Global Cargo Scanning Equipment Market Size and Growth

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32. Global Cargo Scanning Equipment Market Competitive Benchmarking

33. Global Cargo Scanning Equipment Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Cargo Scanning Equipment Market

35. Cargo Scanning Equipment Market Future Outlook and Potential Analysis

36. Appendix 

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