Asia Pacific Secure Logistics Market is expected to reach US$ 31.54 billion by 2028

PRESS RELEASE BY The Insight Partners 19 Jan 2022

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Cash Management Segment to Dominate APAC Secure Logistics Market During 2021–2028  

According to The Insight Partners market research study on “APAC Secure Logistics Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 31.54 billion by 2028 from US$ 18.71 billion in 2021. The market is estimated to grow at a CAGR of 7.7% from 2021 to 2028. The report provides trends prevailing in the APAC secure logistics market along with the drivers and restraints pertaining to the market growth. Expansion of banking and financial institutions and infrastructure and growth of big data and predictive analysis are the major factor driving the growth of the APAC secure logistics market. However, penetration of mobile payment and online banking hinders the growth of APAC secure logistics market.

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. 

The APAC 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 APAC 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 APAC 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 China, India, Japan, South Korea, Australia, and rest of APAC.

BRINK'S INCORPORATED, G4S Limited, LOOMIS AB, Prosegur, Securitas AB, SERCO GROUP PLC, and SIS LIMITED are among the leading companies in the APAC 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 2021, G4S plc has been acquired by Allied Universal, a renowned security and facility services company in North America. Allied Universal has satisfied or waived all of the relevant offer conditions, including antitrust and regulatory approvals, allowing the transaction to close. The acquisition value is £3.8 billion at the offer price of 245p per G4S share. 

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