
North America Secure Logistics Market Share, Size, Trends, Industry Analysis Report, By Application (Cash Management, Diamonds, Jewelry, & Precious Metals, Manufacturing, and Others); By Mode of Transport; By End User; By Country; Segment Forecast, 2024-
Description
North America Secure Logistics Market Share, Size, Trends, Industry Analysis Report, By Application (Cash Management, Diamonds, Jewelry, & Precious Metals, Manufacturing, and Others); By Mode of Transport; By End User; By Country; Segment Forecast, 2024- 2032
The north america secure logistics market size is expected to reach USD 26.15 billion by 2032, according to a new study by Polaris Market Research. The report “North America Secure Logistics Market Share, Size, Trends, Industry Analysis Report, By Application (Cash Management, Diamonds, Jewelry, & Precious Metals, Manufacturing, and Others); By Mode of Transport; By End User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Increasing demand for efficient cash management and transportation services, rising online shopping penetration, increasing crime rates, and globalization of trade are key factors driving the demand for secure logistics to protect goods during transportation. For instance, as per a report published by the U.S. Bureau of Economic Analysis in March 2024, the average export of goods and services from the U.S. increased by USD 2.3 billion in January 2024 as compared to January 2023.
With companies focusing on the integration of advanced technologies like artificial intelligence, blockchain, and RFID in logistics solutions that enhance their security and efficiency, the need for secure logistics is growing drastically. For instance, in April 2023, GardaWorld announced the launch of its new hybrid security solutions that is mainly designed to address dynamic threats. It is developed to help organizations protect their valuable or critical assets with a cost-efficient solution.
Furthermore, the development of smart locks and seals that are equipped with advanced technologies like GPS tracking and real-time monitoring, resulting in safer and secure transportation of goods while reducing the risk of theft, is also gaining traction in the market. For instance, in February 2024, Proxgy announced the launch of Lockator smart locks that are mainly developed for the transportation and logistics sector. It consists of satellite and mesh connectivity feature that ensures the transmitting and receiving of real-time stats and lock-unlock commands.
The availability of a complex regulatory environment regarding the transportation of goods, particularly high-value and sensitive items, results in greater adoption of secure logistics solutions by companies to comply with the regulations and offer added value to their customers. Apart from this, companies are looking to offer several value-added services like insurance, secure storage, and inventory management which is helping secure logistics companies gain a competitive edge in the market and stay ahead of their competitors. For instance, in February 2023, Echo Global Logistics, launched its new full-coverage cargo insurance product that is developed in partnership with the insurance group Falvey.
North America Secure Logistics Market Report Highlights
- Cash management segment accounted for notable share in 2023, that is attributed to growing cash circulations and rising number of ATMs
- Road segment held the majority share in 2023, on account of its flexibility, easy accessibility, and higher reliability for transport service providers
- Retailers segment will grow at highest pace during the forecast period, due to emergence of e-commerce industry and rising proliferation for last mile delivery
- U.S dominated the market in 2023, owing to significant expansion of e-commerce industry, demand for high-value goods, and favorable regulatory standards
- The key market players include GardaWorld Federal Services, Loomis, Armored Knights, G4S Secure Solutions, Brinks Incorporated, and TransValue
North America Secure Logistics, Application Outlook (Revenue - USD Billion, 2023 - 2032)
- Cash Management
- Diamonds, Jewelry, & Precious Metals
- Manufacturing
- Others
- Road
- Rail
- Air
- Financial Institutions
- Retailers
- Government
- Others
- North America
- Canada
Table of Contents
117 Pages
- 1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
- 2. Executive Summary
- 2.1. Market Highlights
- 3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
- 4. North America Secure Logistics Market Insights
- 4.1. North America Secure Logistics Market – Industry Snapshot
- 4.2. North America Secure Logistics Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Growing demand for high-value products to drive market growth
- 4.2.1.2. Innovations and technological advancements to spur market growth
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Rising penetration of digital payments to hinder market growth
- 4.3. Porter’s Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. North America Secure Logistics Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
- 5. North America Secure Logistics Market, by Mode of Transport
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. North America Secure Logistics, by Mode of Transport, 2019-2032 (USD Billion)
- 5.3. Road
- 5.3.1. North America Secure Logistics Market, by Road, 2019-2032 (USD Billion)
- 5.4. Rail
- 5.4.1. North America Secure Logistics Market, by Rail, 2019-2032 (USD Billion)
- 5.5. Air
- 5.5.1. North America Secure Logistics Market, by Air, 2019-2032 (USD Billion)
- 6. North America Secure Logistics Market, by Application
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. North America Secure Logistics Market, by Application, 2019-2032 (USD Billion)
- 6.3. Cash Management
- 6.3.1. North America Secure Logistics Market, by Cash Management, 2019-2032 (USD Billion)
- 6.4. Diamonds, Jewelry & Precious Metals
- 6.4.1. North America Secure Logistics Market, by Diamonds, Jewelry & Precious Metals, 2019-2032 (USD Billion)
- 6.5. Manufacturing
- 6.5.1. North America Secure Logistics Market, by Manufacturing, 2019-2032 (USD Billion)
- 6.6. Others
- 6.6.1. North America Secure Logistics Market, by Others, 2019-2032 (USD Billion)
- 7. North America Secure Logistics Market, by End User
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. North America Secure Logistics Market, by End User, 2019-2032 (USD Billion)
- 7.3. Financial Institutions
- 7.3.1. North America Secure Logistics Market, by Financial Institutions, 2019-2032 (USD Billion)
- 7.4. Retailers
- 7.4.1. North America Secure Logistics Market, by Retailers, 2019-2032 (USD Billion)
- 7.5. Government
- 7.5.1. North America Secure Logistics Market, by Government, 2019-2032 (USD Billion)
- 7.6. Others
- 7.6.1. North America Secure Logistics Market, by Others, 2019-2032 (USD Billion)
- 8. North America Secure Logistics Market, by Countries
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. North America Secure Logistics Market Assessment, By Countries, 2019-2032 (USD Billion)
- 8.2.2. North America Secure Logistics Market – U.S.
- 8.2.2.1. U.S.: North America Secure Logistics Market, by Application, 2019-2032 (USD Billion)
- 8.2.2.2. U.S.: North America Secure Logistics Market, by Mode of Transport, 2019-2032 (USD Billion)
- 8.2.2.3. U.S.: North America Secure Logistics Market, by End User, 2019-2032 (USD Billion)
- 8.2.3. North America Secure Logistics Market – Canada
- 8.2.3.1. Canada.: North America Secure Logistics Market, by Application, 2019-2032 (USD Billion)
- 8.2.3.2. Canada.: North America Secure Logistics Market, by Mode of Transport, 2019-2032 (USD Billion)
- 8.2.3.3. Canada.: North America Secure Logistics Market, by End User, 2019-2032 (USD Billion)
- 9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
- 10. Company Profiles
- 10.1. Armored Knights (US)
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Mode of Transport Benchmarking
- 10.1.4. Recent Development
- 10.2. Brinks Incorporated (US)
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Mode of Transport Benchmarking
- 10.2.4. Recent Development
- 10.3. Dunbar Armored (US)
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Mode of Transport Benchmarking
- 10.3.4. Recent Development
- 10.4. G4S Secure Solutions (US)
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Mode of Transport Benchmarking
- 10.4.4. Recent Development
- 10.5. GardaWorld (Canada)
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Mode of Transport Benchmarking
- 10.5.4. Recent Development
- 10.6.GardaWorld Federal Services (Canada)
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Mode of Transport Benchmarking
- 10.6.4. Recent Development
- 10.7. LaserShip (US)
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Mode of Transport Benchmarking
- 10.7.4. Recent Development
- 10.8. Loomis (US)
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Mode of Transport Benchmarking
- 10.8.4. Recent Development
- 10.9. Securitas AB (US)
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Mode of Transport Benchmarking
- 10.9.4. Recent Development
- 10.10. TransValue (US)
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Mode of Transport Benchmarking
- 10.10.4. Recent Development
- 10.11. Wells Fargo Armored Service (US)
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Mode of Transport Benchmarking
- 10.11.4. Recent Development
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.