Report : Europe Secure Logistics Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Static and Mobile) and Application (Cash Management, Jewellery and Precious Metals, Manufacturing, and Others)
Static Segment to Dominate Europe Secure Logistics Market During 2021–2028
According to a new market research study on “Europe Secure Logistics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 18.08 billion by 2028 from US$ 10.96 billion in 2021. The market is estimated to grow at a CAGR of 7.4% from 2021 to 2028. The report provides trends prevailing in the Europe secure logistics market along with the drivers and restraints pertaining to the market growth. Increasing proliferation of ATMs and need for secure logistics for cash circulation and management are the major factor driving the growth of the Europe secure logistics market. However, growing penetration of mobile payment and online banking hinders the growth of Europe secure logistics market.
Europe witnessed a significant decline in revenue from several industries as government authorities imposed stringent containment measures in the initial phase of the COVID-19 pandemic. The movement of people from one place to another reduced drastically due to travel restrictions. In 2020, the secure logistics activities such as the logistics companies involved in cash logistics operations across Europe were majorly affected due to travel bans, flight cancelations, and quarantine measures enacted upon the onset of the COVID-19 pandemic. In 2021, with the relaxations in lockdown rules and pacing up of vaccination processes, the logistics services resumed with the rise in online shopping, and manufacturing and construction activities, as well as with the opening of jewelry shops.
The Europe secure logistics market is segmented on the basis of type, application, and country. On the basis of type, the market is segmented into static and mobile. The static segment dominated the Europe secure logistics market in 2020 and mobile segment is expected to be fastest growing during forecast period. Based on the application, the market is segmented into cash management, jewellery and precious metals, manufacturing, and others. The cash management segment dominated the Europe secure logistics market in 2020 and same segment is expected to be fastest growing during forecast period. Further, on the basis of country, the market is primarily segmented into Germany, France, Italy, Spain, the UK, Russia, Slovakia, Austria, Swizerland, Sweden, Norway, Denmark, Czech Republic, Balgium, Finland, Portugal, and rest of Europe.
Allied Universal, BRINK'S INCORPORATED, G4S Limited, GardaWorld, LOOMIS AB, Prosegur, Securitas AB, and SERCO GROUP PLC are among the leading companies in the Europe secure logistics market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2018, Loomis has, through one of its wholly owned subsidiaries, acquired 100 per cent of the business of Sequel International Logistics (USA) Inc. from Sequel Logistics Pvt. Ltd (“Sequel”), the largest secure logistics company in India. The enterprise value, i.e. purchase price plus acquired net debt, is approximately USD 2 million, corresponding to approximately SEK 16.5 million.
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