Largest segment driving the growth of Secure Logistics Market |...

Largest segment driving the growth of Secure Logistics Market

Posted 2023-11-28 09:25:43

The global Secure Logistics Market is estimated to be valued at US$ 89.94 Bn or Billion in 2023 and is expected to exhibit a CAGR of 8.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

SWOT Analysis: -

· Strength: - Secure logistics have high expertise in handling sensitive cargo such as cash, diamonds and other valuable assets. They provide technologically advanced security solutions to prevent theft and loss.

· Weakness: - High cost of operations due to extensive security practices and trained manpower. Require large capital investments for security equipment and vehicles.

· Opportunity: - Rise in e-commerce and online shopping is increasing demand for secure delivery of consumer goods. Growth in transportation of currencies and diamonds across borders presents new opportunities.

· Threats: - Development of alternative transportation modes like drones poses threat to conventional road-based logistics. Risk of terrorism andgeo-political tensions can disrupt global supply chains.

Key Takeaways: -

The Global Secure Logistics Market Size is expected to witness high growth, exhibiting CAGR of 8.0% over the forecast period, due to increasing international trade and rising valuables transportation. Asia Pacific is expected to dominate the market owing to rapid growth of e-commerce sector in China and India. Key players operating in the secure logistics market are Garda World, Brinks, Securitas, G4s, and Loomis

The global secure logistics market size was valued at US$ 89.94 Bn in 2023. Growth in international trade following revival of global economy is driving demand for secure transportation of high-value cargo across borders. Furthermore, the booming jewellery and diamond industry is increasing outsourcing of cash and valuables transportation to secure logistics providers.

Regional analysis: - North America dominated the global market in 2023 due to large banking sector and mature diamond industry in the US. However, Asia Pacific is expected to witness fastest growth during the forecast period supported by fast growing Chinese economy and rising middle-class population fuelling the luxury goods sector in the region. Countries like India are also contributing to regional market growth.

Key players operating in the secure logistics market are Garda World, Brinks, Securitas, G4s, and Loomis. These companies provide end-to-end logistics and security services including transportation, cash management, armed guarding and investigation. They leverage technology such as biometrics, asset tracking devices and cash centres & vaults to ensure safety of high-value goods.