North America Secure Logistics Market Size Worth $26.15 Billion By 2032 | CAGR: 6.4%

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.

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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

Polaris Market Research has segmented the North America secure logistics market report based on application, mode of transport, end user, and region:

North America Secure Logistics, Application Outlook (Revenue - USD Billion, 2023 - 2032)

• Cash Management
• Diamonds, Jewelry, & Precious Metals
• Manufacturing
• Others

North America Secure Logistics, Mode of Transport Outlook (Revenue - USD Billion, 2023 - 2032)

• Road
• Rail
• Air

North America Secure Logistics, End User Outlook (Revenue - USD Billion, 2023 - 2032)

• Financial Institutions
• Retailers
• Government
• Others

North America Secure Logistics, Regional Outlook (Revenue - USD Billion, 2023 - 2032)

• North America

• U.S.
• Canada

North America Secure Logistics Market Report Scope