Asia Pacific Secure Logistics Market

The APAC secure logistics market is expected to grow from US$ 18.71 billion in 2021 to US$ 31.54 billion by 2028; it is estimated to grow at a CAGR of 7.7% from 2021 to 2028.

 In this age of globalization, many financial institutions must build strategic relationships to remain competitive and offer a varied range of services to consumers. Several countries across the region has a diverse financial sector that is rapidly expanding, both in terms of established financial services firms' robust growth and new entrants into the market. Commercial banks, insurance firms, non-banking financial companies, co-operatives, pension funds, mutual funds, and other smaller financial institutions make up the sector. New businesses, such as payment banks, have lately been allowed to be established by the banking regulator, expanding the types of entities that operate in the industry. However, financial sector is primarily a banking sector, with commercial banks accounting for more than 64% of the financial system's total assets. The several governments across the region has implemented several reforms to liberalize, regulate, and improve this business. The governments across the region have taken several steps to make it easier for micro, small, and medium enterprises (MSMEs) to obtain financing. The expansion and development in banking and financial institutions is anticipated to continue over the years, which is expected to boost the demand for secure logistics in the coming years across the APAC region.

APAC experienced a notable decline in several economic activities as government authorities mandated strict lockdowns, travel bans, and business shutdowns. Layoffs and salary cuts drastically hampered the buying capacity of the majority of consumers. Reduction in purchasing power resulted in weak demand for logistics services. The imposition of lockdown across China substantially disrupted its manufacturing sector in early 2020, thereby restricting the logistics and supply chain sector. Global companies that rely on top-level suppliers from Wuhan are affected due to the supply chain and logistics disruption in this region. India is the most affected country by COVID-19 in APAC and has undergone several lockdown phases. In 2021, with relations in lockdown and acceleration of vaccination processes, the logistics services resumed growth with the escalating use of online shopping platforms, rising adoption of ATM services, surge in manufacturing and construction activities, and resumption of retail shops and shopping malls in APAC.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the APAC secure logistics market. The APAC secure logistics market is expected to grow at a good CAGR during the forecast period.  
    

 APAC Secure Logistics Market Revenue and Forecast to 2028 (US$ Billion)    

APAC Secure Logistics Market Segmentation        

APAC Secure Logistics Market – By Type

• Static
• Mobile

APAC Secure Logistics Market – By Application

• Cash Management
• Jewellery and Precious Metals
• Manufacturing
• Others

APAC Secure Logistics Market, by Country

• Australia
• China
• India
• Japan 
• South Korea
• Rest of APAC

APAC Secure Logistics Market - Companies Mentioned

• BRINK'S INCORPORATED
• G4S Limited
• LOOMIS AB
• Prosegur
• Securitas AB
• SERCO GROUP PLC
• SIS LIMITED

Asia Pacific Secure Logistics Market Strategic Insights

Asia Pacific Secure Logistics Market Segmentation Analysis

Asia Pacific Secure Logistics Market Report Highlights

Asia Pacific Secure Logistics Report Scope

Asia Pacific Secure Logistics Market Country and Regional Insights