Global Secure Logistics Market

Secure Logistics Market Size, Share, Growth Analysis, By Type (Static, Mobile), By Mode of Transport (Road, Rail), By Application (Cash Management, Diamonds), By End–User, By Region -Industry Forecast 2024-2031.

Report ID: SQMIG20R2016 | Region: Global | Published Date: November, 2024
Pages: 242 | Tables: 61 | Figures: 74

Secure Logistics Market Regional Insights

In 2021, Europe held the largest share of the worldwide secure logistics market, accounting for more than 42% of the total, and has emerged as one of the most powerful markets. The expanding use of ATMs in emerging economies, along with increasing ATM penetration, is likely to drive regional growth. The increasing rate of cash circulation and trade investments among European countries creates a plethora of safe logistical prospects. Trade policies across countries, as well as the issues associated with Brexit, will have a substantial impact on market shares in the future. According to an article released by ATM Marketplace in 2018, a few countries, including Italy, the Netherlands, and Spain, are focusing their efforts on reducing the number of ATMs and bank branches in order to cut high operational costs and support electronic payment systems.

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FAQs

Global Secure Logistics Market size was valued at USD 82.7 billion in 2022 and is poised to grow from USD 90.23 billion in 2023 to USD 181.10 billion by 2031, growing at a CAGR of 9.10% during the forecast period (2024-2031). 

Due to the presence of multiple global, regional, and local companies, the globally secure logistics industry is very competitive. Global players such as Brink's, G4S, Garda World, Loomis, and Prosegur holds the majority of the market. Global players are focusing on inorganic growth strategies, building unique services by making high-value investments in technology, to maintain a competitive advantage over other market participants. Furthermore, due to high regulatory compliance and the client's preference for well-established enterprises, the threat of new competitors in the market is low. 'Brink’s Incorporated  ', 'CargoGuard  ', 'CMS Info Systems (CMS)  ', 'G4S Limited  ', 'GardaWorld  ', 'Lemuir Group  ', 'Loomis AB  ', 'Maltacourt  ', 'PlanITROI, Inc.  ', 'Prosegur  ', 'Allied Universal  ', 'Securitas AB  ', 'Cash Logistik Security  ', 'Rodoban  ', 'Armaguard '

Cash-in-transit services are exploding in emerging markets, particularly in APAC. China and India are the fastest-growing secure logistics markets for cash-in-transit services. The increasing number of ATMs, particularly in developing nations, is a primary driving factor for the rise of cash services. The market in emerging nations such as India, Indonesia, and Morocco, where cash accounts for more than 80% of transactions, is surging. The annual rate of reduction in cash transactions is marginal, enabling substantial growth potential in the logistics industry and for companies operating in the industry.

Since the onset of the COVID epidemic, the financial sector has seen a significant slowdown in its operations and has been severely impacted. Financial markets, namely in the Americas, APAC, and Europe, were whipsawed between February and April 2020. Due to shutdowns and a slowing economy, debt payments in Europe may come to a halt, leaving banks in the lurch. Banks in India and China are expected to see a 1.9% and 2% increase in non-performing assets ratios, respectively, in 2020. The credit quality of APAC financial institutions is projected to suffer as a result of the Covid-19 pandemic. It is anticipated that the region will have $1.4 trillion in non-performing assets and $440 billion in additional credit charges by the end of 2020.

In 2021, Europe held the largest share of the worldwide secure logistics market, accounting for more than 42% of the total, and has emerged as one of the most powerful markets. The expanding use of ATMs in emerging economies, along with increasing ATM penetration, is likely to drive regional growth. The increasing rate of cash circulation and trade investments among European countries creates a plethora of safe logistical prospects. Trade policies across countries, as well as the issues associated with Brexit, will have a substantial impact on market shares in the future. According to an article released by ATM Marketplace in 2018, a few countries, including Italy, the Netherlands, and Spain, are focusing their efforts on reducing the number of ATMs and bank branches in order to cut high operational costs and support electronic payment systems.

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Global Secure Logistics Market

Report ID: SQMIG20R2016

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