Market Insights
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.
Segments' Analysis
Transportation Security Seals Market Share by Transportation Type
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.
Transportation Security Seals Market Share by Product Type
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.
Regional Analysis
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.
Key Players.
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-
- 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.
Research Methodology
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.
Report Features
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:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
- Market trend and forecast analysis
- Market segment trend and forecast
- Competitive landscape and dynamics: Market share, Product portfolio, New product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Strategic growth opportunities for the existing and new players
- Key success factors
The transportation security seals market is segmented into the following categories.
Transportation Security Seals Market Size, Share & Forecast, by Transportation Type
- Land Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Water Transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Air transportation (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Transportation Security Seals Market Size, Share & Forecast, by Product Type
- Padlock Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Bolt Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Cable Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Strip Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Transportation Security Seals Market Size, Share & Forecast, by Adjustment Type
- Fixed-Length Security Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Adjustable Length Security Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Transportation Security Seals Market Size, Share & Forecast, by Material Type
- Plastic Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metal Seals (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
Transportation Security Seals Market Size, Share & Forecast, By Region
- North America (Country Analysis: The USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Malaysia, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Country Analysis: Brazil, Saudi Arabia, and Others)
Report Customization Options
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
- Detailed profiling of additional market players (up to 3 players)
- SWOT analysis of key players (up to 3 players)
Market Segmentation
- Current market segmentation of any one of the product types by transportation type.
Competitive Benchmarking
- Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances
Custom Research: Stratview research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com
