Market Research Future (MRFR) has published on the “Global Secure Logistics Market”.
Market Research Future (MRFR) has published a cooked research report on the “Global Secure Logistics Market” that contains information from 2019 to 2032. The secure logistics market is estimated to register a CAGR of 8.00% during the forecast period of 2024 to 2032.
MRFR recognizes the following companies as the key players in the global secure logistics market - Brink’s Incorporated, CMS Info Systems (CMS), CargoGuard, Allied Universal, G4S Limited, Lemuir Group, Loomis AB, Maltacourt, GardaWorld, PlanITROI, Inc., Prosegur, and Securitas AB.
Secure Logistics Market Highlights
The global secure logistics market is accounted to register a CAGR of 8.00% during the forecast period and is estimated to reach USD 173.06 billion by 2032.
The market for secure logistics is poised for significant expansion as a result of the growing demand for safety and security features for cash-in-transport vehicles. An essential factor influencing market expansion is suppliers' heightened focus on better innovations using advanced technology to enhance secure logistics. Other factors influencing the growth of the indirect secure logistics market include increasing globalization, increased consumer expectations brought on by population expansion, and the introduction of new and innovative goods and services.
Segment Analysis
The global secure logistics market has been segmented into type and application.
On the basis of type, the market is segmented into Static and Mobile. The static segment was attributed to holding the largest market share in 2023. Because of the increased demand for strong protection and tracking of sensitive goods during storage and transportation, static secure logistics services are becoming more and more popular. Supply networks get more complicated as firms grow internationally. Thus, static secure logistics are crucial to reducing risks. The growth of high-value sectors like electronics and pharmaceuticals highlights the need for secure storage options.
Based on application, the global secure logistics market has been segmented into Cash Management, Manufacturing, Diamonds, Jewelry & Precious Metals, and Others. The cash management segment was expected to hold the largest market share in 2023, driven by the urgent requirement to guarantee the dependable and secure transfer of money. Because cash is a very sensitive and precious asset, it must be handled carefully to avoid loss, theft, or manipulation. With cutting-edge security features like armored cars, GPS tracking, and real-time monitoring, secure logistics are essential to protecting cash during transit. Due to the need to maintain financial integrity and reduce risks, secure logistics in cash management applications are becoming more and more important as long as physical currency is used in a variety of industries, such as banking and retail.
Regional Analysis
The global secure logistics market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe secure logistics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The secure logistics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World secure logistics market comprises the Middle East, Africa, and Latin America.
The largest market share for secure logistics was maintained by the North American regional sector, which was ascribed to the existence of numerous sellers, a fiercely competitive market, and two strong economies—the United States and Canada. The area is home to numerous foreign banks, financial organizations, and a thriving manufacturing sector. Therefore, it is expected that North America will experience significant expansion in the global secure logistics market in the near future due to the aforementioned causes.
Moreover, the Europe market has been persistently growing over the forecast period. The development in trade investments between European countries and the emergence of ATMs in emerging economies are projected to propel regional growth and offer a number of secure logistical options. Trade policies and Brexit-related challenges will impact future market shares.
Additionally, Asia Pacific is anticipated to experience the quickest growth over the forecast period due to the increase in demand for safe transportation in the region's urbanizing centers, the expansion of banking facilities in outlying areas, and the expansion of cash circulation. The number of ATM installations in the area is rising. In addition, the financial sector is positively impacted by the population density and economic size of key cities in developing nations.
Furthermore, the rest of the world's secure logistics market is divided into the Middle East, Africa, and Latin America. Latin America is predicted to have the largest market value during the study period because of the region's growing industry, which deals with precious metals and other high-value goods. Additionally, the region's high income and strong demand for precious metals and products are predicted to yield a significant return on investment during the study years. The secure logistics market is predicted to grow because of the existence of high-income nations like the United Arab Emirates, where purchasing power is higher.
Key Findings of the Study
- The global secure logistics market is expected to reach USD 173.06 billion by 2032, at a CAGR of 8.00% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the growth of banking facilities in the region's peripheral areas, the expansion of cash circulation, and the rise in demand for safe transportation in the urbanizing cities of the region.
- Based on application, the cash management segment was attributed to holding the largest market in 2023, with an approximate market share of 45%.
Brink’s Incorporated, CMS Info Systems (CMS), CargoGuard, Allied Universal, G4S Limited, Lemuir Group, Loomis AB, Maltacourt, GardaWorld, PlanITROI, Inc., Prosegur, and Securitas AB are the key market players.Browse In-depth Details [Table of Content, List of Figures, List of Tables] of Secure Logistics Market
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Companies Covered | 15 |
Pages | 128 |
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