GCC Secure Logistics Market Size By Product (Outsources, Insourced), By Application (Cash Management, Jewelry & Precious Metal), By Geographic Scope And Forecast

GCC Secure Logistics Market Size And Forecast

GCC Secure Logistics Market size was valued at USD 1553.95 Million in 2022 and is projected to grow to USD 2103.53 Million by 2030 with a CAGR of 4.04% between 2023-2030.

The growing need for safe and secure shipment of goods is a main driver in the Gulf Cooperation Council’s (GCC’s) secure logistics industry. The GCC Secure Logistics Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

GCC Secure Logistics Executive Summary

Secure logistics involves overseeing the transportation and distribution of valuable or high-risk goods, ensuring their safety and integrity from the point of origin to their final destination. This service is crucial for businesses dealing with high-value or high-risk products, including but not limited to life sciences, FDA-regulated items, pharmaceuticals, electronics, food, beverages, fine art, jewelry, and more. The growing need for safe and secure shipment of goods is a main driver in the Gulf Cooperation Council’s (GCC’s) secure logistics industry. The GCC’s economic policy diversification has fostered growth in non-oil industries, increasing the manufacturing and transit of high-value items. As medical care, technology, and manufacturing industries thrive, so does the demand for secure logistics services. The GCC region’s banking and financial institutions have grown significantly due to financial diversification, growing populations, and the region’s development as a worldwide economic powerhouse.

The increasing preference for electronic payments is reducing the reliance on physical currency interactions in the GCC countries. As more customers and organizations use digital payment methods, the currency requiring secure transit decreases noticeably. Organizations and people are prioritizing safe delivery and storage solutions because of the increasing incidence of high-value commodities, sensitive materials, and financial transactions. The GCC’s unique geographical position and role as an international trade hub have drawn rising investments and trade activity, emphasizing the importance of adequate security measures across the logistics chain.

Advanced infrastructure enables more efficient and streamlined logistics operations, enabling faster and more secure transit of commodities inside and beyond GCC boundaries. Transportation network improvements promote seamless intermodal connection, allowing logistics businesses to streamline routes and provide their clients with more efficient and safe logistical services. The secure logistics industry in the Gulf Cooperation Council (GCC) is seeing a significant opportunity due to increased awareness and quick adoption of modern technology to improve security and tracking capabilities. Logistics firms in the GCC area are strategically exploiting technology advancements to solve emerging security problems, creating substantial industry development and innovation potential.

Based on product, outsourced accounted for the largest market share of 64.89% in 2022, and is projected to grow at the highest CAGR of 4.53% during the forecast period. Outsourcing logistics has become a popular strategy for companies looking to streamline their supply chain operations. Outsourced logistics entails a company contracting with a third-party logistics (3PL) company to handle specific supply chain functions. This may include storing, shipping, inventory management, and technological processes.

GCC Secure Logistics Market Attractiveness Analysis

The Saudi Arabia region in the GCC Secure Logistics Market holds the highest attractiveness during the forecast period. The region is projected to gain an incremental market value of USD 153.91Million and it is projected to grow at a CAGR of 4.26% between 2024 to 2030. The adoption of advanced technologies such as IoT (Internet of Things), blockchain, and artificial intelligence can enhance the security and efficiency of logistics operations, presenting opportunities for innovation. The integration of advanced technologies, such as real-time tracking systems, surveillance, and secure communication channels, has the potential to enhance the efficiency and security of logistics operations.

GCC Secure Logistics Market Outlook

The Gulf Cooperation Council (GCC) region’s secure logistics industry has evolved significantly as a result of economic expansion, technical improvements, and the growing necessity of safe transportation services. The GCC nations, which include Saudi Arabia, the United Arab Emirates, Qatar, Kuwait, Oman, and others, have seen fast industrialization, rising economic activity, and an increasing demand for secure transportation of high-value commodities, pharmaceuticals, and critical materials throughout the years. This transformation has accelerated the region’s safe logistics business, spurring breakthroughs in security infrastructure, legal structures, and technology integration.

The GCC region’s advantageous geographic location and wealth of natural resources have historically made it the focus of world commerce. This has increased the need for secure logistics services, focusing on guaranteeing the safe and timely delivery of valuable items. The industry has grown significantly in response to the rising security requirements of many industries, such as pharmaceuticals, banking, precious metals, and high-tech manufacturing. Furthermore, the region’s efforts to diversify its economy, notably in non-oil sectors such as healthcare, tourism, and manufacturing, have increased demand for safe transportation solutions.

Technological improvements have significantly impacted the growth of safe logistics in the GCC. Advanced security technologies, real-time tracking, GPS surveillance, and biometric verification have increased the efficiency and dependability of secure transportation services. This integration of cutting-edge technology has increased security measures and enabled logistics businesses to offer more complex and specialized solutions to fulfill the needs of a wide range of clients. Furthermore, the emphasis on digitalization and data-driven logistics technologies has accelerated the sector’s transformation, improving supply chain traceability and visibility.

The GCC secure logistics industry is expected to grow, with further expansion in the following years. The need for safe transportation services is projected to be driven by factors such as continuous economic progress, increased international commerce, and the region’s desire to become a global logistics hub. The demand for safe and efficient transportation options will only grow as the GCC economies expand and embrace areas such as online shopping, medical care, as well as innovation. Furthermore, significant mega-events are expected to boost investments in construction and logistics, increasing demand for safe transportation solutions even further. However, the growing prevalence of electronic payment and evolving security threats are restricting the market growth.

GCC Secure Logistics MarketSegmentation Analysis

The GCC Secure Logistics Market is segmented on the basis of Product, Application, and Geography.

GCC Secure Logistics Market, By Product

• Outsources
• Insourced

To Get a Summarized Market Report By Product-

Based on Product, the market is segmented into Outsources and Insourced. Outsourced accounted for the largest market share in 2022 and is projected to grow at the highest CAGR during the forecast period. Insourced was the second-largest market in 2022. Outsourcing logistics has become a popular strategy for companies looking to streamline their supply chain operations. Outsourced logistics entails a company contracting with a third-party logistics (3PL) company to handle specific supply chain functions. This may include storing, shipping, inventory management, and technological processes.

GCC Secure Logistics Market, By Application

• Cash Management
• Jewelry & Precious Metal
• Diamonds
• Fine Arts
• Others

Based on Application, the market is segmented into Cash Management, Jewelry & Precious Metal, Diamonds, Fine Arts, and Others. Cash Management accounted for the largest market share in 2022 and is projected to grow during the forecast period. Jewelry & Precious Metals was the second-largest market in 2022. Due to the rapidly increasing penetration of ATMs in emerging countries, the cash management segment is expected to lead the industry during the forecast period. The cash management segment includes cash-in-transit, cash processing, and ATM services. Cash-in-transit involves picking up money from banks and delivering it to designated cash points, such as ATMs.

GCC Secure Logistics Market, By Geography

• Saudi Arabia
• UAE
• Qatar
• Oman
• Kuwait
• Bahrain

To Get a Summarized Market Report By Geography-

On the basis of Regional Analysis, the GCC Secure Logistics Market is classified into Saudi Arabia, UAE, Qatar, Oman, Kuwait, and Bahrain. Saudi Arabia accounted for the largest market share in 2022 and is projected to grow during the forecast period. UAE was the second-largest market in 2022. The growing logistics industry in Saudi Arabia propels the Secure logistics market. The nation’s advantageous location allows it to be connected to the world’s transportation and logistics networks by air, sea, and land more than 3.5 million prospective customers globally, making the quick development of logistics essential to the Kingdom’s future.

Key Players

The “GCC Secure Logistics Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are Kuehne + Nagel, Brink’s, Loomis, Transguard, G4S, Agility Logistics Pvt. Ltd., Ceva Logistics, BAHRI, Deutsche Post DHL Group, DP World, Gulf Warehousing Company QPSC (GWC). This section provides a company overview, ranking analysis, company regional and industry footprint, and ACE Matrix.

Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.

Company Market Ranking Analysis

The company ranking analysis provides a deeper understanding of the top 3 players operating Secure Logistics Market. takes into consideration several factors before providing a company ranking. The top three players for the Secure Logistics Market include Brink’s, Loomis, and G4S. The factors considered for evaluating these players include the company’s brand value, product portfolio (including product variations, specifications, features, and price), company presence across major regions, product-related sales obtained by the company in recent years, and its share in total revenue. further study the company’s product portfolio based on the technologies adopted or new strategies undertaken by the company to enhance its market presence globally or regionally. We also consider the distribution network (online as well as offline) of the company that helps us to understand the company’s presence and foothold in various Secure Logistics Markets.

Company Regional/Industry Footprint

The company’s regional section provides geographical presence, regional-level reach, or the respective company’s sales network presence. For instance, G4S has its presence across the GCC i.e. in UAE, Saudi Arabia, Kuwait, Qatar, Oman, and Bahrain. All the companies considered for profiling are reviewed similarly under this section. These sections help us to understand the overall Secure Logistics Market presence across GCC.

Ace Matrix

This section of the report provides an overview of the company evaluation scenario in the Secure Logistics Market. The company evaluation has been carried out based on the outcomes of the qualitative and quantitative analyses of various factors such as product portfolios, technological innovations, market presence, revenues of companies, and the opinions of primary respondents.