Europe Secure Logistics Market

Market Introduction

Germany, France, the UK, and Italy are the prime contributors to the European secure logistics market. Western Europe is a well-known for its improved living conditions, with higher income levels of residents. Countries have in Western Europe have greater GDP per capita than the rest of the nations in the region. Steady economic progress is an indicator of opportunities for the secure logistics market in European countries. Moreover, the countries present in the western region consists of major players in each country with substantial market share as well as experience in the industry providing significant market competition to the other market players. The demand for secure logistics solutions has increased as the economy's currency circulation has increased. According to the European Central Bank, currency circulation would reach more than US$1.7 trillion in fiscal year 2020. The Europe secure logistics market is being boosted by an increase in cash transactions, a rise in demand for ATMs, and a surge in demand for safes and vaults for managing cash. The Europe market for secure logistics services will likely be driven by rising security concerns among banks and business houses demanding secure cash movement and management services.  However, market growth is projected to be hampered by issues such as the growing acceptance of digital money and the high danger of banknotes being destroyed due to physical damage. Market development is expected to be hampered by the availability of new technical breakthroughs such as digital payment apps. The rising inclination towards digital payment methods for electricity bill payments, recharge, and for other needs owing to reduced time and ease of work is proving to be a major restrain to the market. Moreover, the lockdown imposed due to the coronavirus COVID-19 outbreak has had a severe influence impact on the market for secure logistics market in Europe.

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.

Market Overview and Dynamics 

The Europe secure logistics market is expected to grow from US$ 10.96 billion in 2021 to US$ 18.08 billion by 2028; it is estimated to grow at a CAGR of 7.4% from 2021 to 2028. In a logistics business where time and resources can make or break a company's bottom line, predictive analytics is no longer a nice to have; it's a must-have. Businesses across the supply chain are now required to easily respond to shipment patterns, predict consumers' buying behaviors, offer on-time deliveries via the most efficient routes available, and eliminate the risks of inventory errors and miscalculations. Further, companies can now examine and analyze machine behavior patterns, which allows them to spot irregularities. Organizations have control over the behavioral changes that prevent devices from working properly. This means that businesses can utilize predictive analysis to better notice and respond to events such as weather fluctuations. In addition, predictive analytics is critical for maintaining a demand-supply balance. Shippers can effectively compile reports on consumption and forecast demand using historical data and existing models. This helps to speed up delivery and cut down on waste. Therefore, the increasing use of big data and predictive analytics is expected to fuel the growth of the Europe secure logistics market.

Key Market Segments

In terms of type, the static segment accounted for the largest share of the Europe secure logistics market in 2020. In terms of application, the cash management segment held a larger market share of the Europe secure logistics market in 2020.      

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the Europe secure logistics market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Allied Universal, BRINK'S INCORPORATED, G4S Limited, GardaWorld, LOOMIS AB, Prosegur, Securitas AB, and SERCO GROUP PLC among others.

Reasons to buy report

• To understand the Europe secure logistics market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for Europe secure logistics market
• Efficiently plan M&A and partnership deals in Europe secure logistics market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form Europe secure logistics market
• Obtain market revenue forecast for market by various segments from 2021-2028 in Europe region.

Europe Secure Logistics Market Segmentation

Europe Secure Logistics Market - By Type

• Static
• Mobile

Europe Secure Logistics Market -

By Application

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

Europe Secure Logistics Market - By Country

• Germany
• France
• Italy
• Spain
• UK
• Russia
• Slovakia
• Austria
• Switzerland
• Sweden
• Norway
• Denmark
• Czech Republic
• Belgium
• Finland
• Portugal
• Rest of Europe

Europe Secure Logistics Market - Company Profiles

• Allied Universal
• BRINK'S INCORPORATED
• G4S Limited
• GardaWorld
• LOOMIS AB
• Prosegur
• Securitas AB
• SERCO GROUP PLC

Europe Secure Logistics Strategic Insights

Strategic insights for the Europe Secure Logistics provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Europe Secure Logistics Report Scope

Europe Secure Logistics Regional Insights

The geographic scope of the Europe Secure Logistics refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.