The North America Secure Logistics Market would witness market growth of 7.3% CAGR during the forecast period (2023-2030).
Logistics refers to the management and supervision of the movement of materials, resources, products, and information from its origin to its destination or point of consumption. Processes involved in the entire process include warehousing, transportation, and inventory management. Logistics is vital to every industry because it facilitates the distribution of products and packages to their destination. Secure logistics is like logistics but applies to high-value and rare products or materials, such as cash logistics, diamonds and gemstones, and advanced and sophisticated technology. Secure logistics provides the most secure option for any shipment and aids in the prevention of tampering, theft, and illegal access to the package. Using technology in safe logistics, such as radio frequency identification (RFID), global positioning system (GPS), and even real-time monitoring, ensures transparency with its logistics partners and enables businesses to gain the trust of their customers. The growth of the market is aided by factors such as an increase in the demand for outsourcing branch and ATM services and an increase in the demand for product integrity.
The manufacturing vertical in both America and Mexico has witnessed an increasing demand for the use of these logistics services. Manufacturing companies in both America and Mexico have been adopting advanced supply chain management strategies, which often involve the use of secure logistics. Cross-border trade and the movement of goods between these countries and other international markets require secure logistics to ensure the safe and timely transport of raw materials and finished products.
Manufacturers in these regions often adopt lean and just-in-time practices to optimize inventory levels and reduce waste. It plays a critical role in ensuring that the right components and materials are delivered to production lines precisely when needed, contributing to operational efficiency. Protecting intellectual property and proprietary designs is a concern for manufacturers. Secure logistics providers employ measures to safeguard against intellectual property theft and breaches of confidentiality during the transportation of sensitive documents and prototypes. Considering these aspects, the market will increase across North America in the upcoming years.
The US market dominated the North America Secure Logistics Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $37,609.1 Million by 2030. The Canada market is registering a CAGR of 9.7% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 8.7% during (2023 - 2030).
Based on Type, the market is segmented into Static, and Mobile. Based on Mode of Transport, the market is segmented into Roadways, Railways, and Airways. Based on Application, the market is segmented into Cash Management, Diamonds, Jewellery & Precious Metal, Manufacturing, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Secure Logistics Market is Predict to reach $154.7 Billion by 2030, at a CAGR of 8%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Garda World Security Corporation (GardaWorld) (BC Partners), Lemuir Group, Securitas AB, Brink's Incorporated (Brink's), PlanITROI, Inc., CargoGuard GmbH, CMS Info Systems Private Limited (CMS), Prosegur, Allied Universal, and Secure Logistics LLC.
By Type
By Mode of Transport
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