Transportation Security Seals Market Report
Transportation Security Seals Market Size, Share, Trend, Forecast, & Competitive Analysis: 2021-2026 See less
Transportation Security Seals Market Size, Share, Trend, Forecast, & Competitive Analysis: 2021-2026
Transportation Security Seals Market is Segmented by Transportation Type (Land Transportation, Water Transportation, and Air Transportation), by Product Type (Padlock Seals, Bolt Seals, Cable Seals, Strip Seals, and Others), by Adjustment Type (Fixed Length, and Adjustable Length), by Material Type (Plastic Seals, and Metal Seals) and by Region (North America, Europe, Asia-Pacific, and Rest of the World).
Growing terrorist threats and criminals looking to swindle goods are some of the major threats in the transportation industry. A wide range of security seals is designed to meet the growing need for logistics security by providing physical tamper evidence and controlling accountability and inventory of stock. A potential threat in the transportation of goods is contamination, damage, or theft and the effective solution is security seals. Security seals compliant with international standards including ISO and C-TPAT are used across a range of applications in the transportation industry including the sealing of freight via air, land, and sea routes to seal doors of trucks, tanks, coaches, containers, and trailers. The drive for the transportation security seal market has stemmed from the rise in the transportation of containers in the shipping industry. Furthermost, the growing concern of privacy among e-commerce and retail industry in the developing economies plays a vital role in the growth of security seals in the industry.
The transportation security seals have experienced a marginal impact of the pandemic as relaxation of transportation essentials goods in non-hotspot regions, such as agricultural products, pharmaceuticals, and FMCG products. The market is estimated to blossom at a healthy pace in 2021, followed by maintaining its growth thrust in the coming five years, reaching an estimated value of US$ 0.59 billion in 2026.
On the basis of transportation type, the market is segmented as land transportation, water transportation, and air transportation. Land transportation is likely to remain the largest demand generator of security seals, whereas the demand for security seals in air transportation to be the fastest-growing during the forecast period, driven by the growing global trade and container shipping industries in the developing countries.
Based on the product type, the market is segmented as padlock seals, bolt seals, cable seals, strip seals, and others. Bolt seal is likely to maintain its dominance in the market during the forecast period. The dominance is majorly due to the wider application of bolt seal in the doors of the truck, trailer, and containers as it provides an added layer of security for the contents and acts as a deterrent for potential fraudulent attacks.
In terms of region, Asia-Pacific is expected to remain the largest market for security seals in the transportation sector over the next five years, although it is likely to witness neck-to-neck competition from North America. China is expected to account for a lion’s share of the total Asia-Pacific security seal market during the forecast period. Government initiatives in India, such as Make-in-India, aim to boost local manufacturing may create opportunities for the market participants in the coming years.
The supply chain of this market comprises raw material suppliers, security seal manufacturers, distributors, and users.
Some of the key players in the transportation security seals market are-
This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s transportation seal market realities and future possibilities for the forecast period 2021 to 2026. The report segments and analyzes the market in the most comprehensive manner to provide a panoramic view of the market. The strategic report also studies and analyzes the impact of COVID-19 on the market and provides a detailed overview of the possible market recoveries in the long run. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We have conducted more than 15 detailed primary interviews with the market players across the value chain in all five regions and industry experts to obtain both qualitative and quantitative insights.
This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
The transportation security seals market is segmented into the following categories.
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The transportation security seals market size is expected to reach an estimated value of US$ 0.59 billion in the foreseeable future.
Tyden Brooks, Essentra Security Seals, Mega Fortris, Unisto AG, Cambridge Security Seals, American Casting and Manufacturing Corporation, Harcor Security Seals, ShangHai JingFan Container Seal, Leghorn Group are among the key players in the transportation security seals market.
Asia-pacific is expected to remain the largest transportation security seals market during the forecast period.
Bolt seal is expected to remain dominant product type in the transportation security seals market in the coming five years.
Land transportation is expected to be the largest demand generator in the transportation security seals market during the forecast period.
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