Cash logistics market to grow at a CAGR of 10.16% from 2022 to 2027: Growing preference for outsourcing cash management services by financial institutions to drive growth – Technavio

NEW YORK, May 16, 2023 /PRNewswire/ — The cash logistics market size is estimated to grow by USD 20.26 billion from 2022 to 2027. Moreover, the growth momentum will progress at a CAGR of 10.16% during the forecast period. The market is segmented by end-user (financial institutions, retailers, government agencies, and others), service (cash-in-transit, cash management, and ATM service), and geography (APAC, North America, Europe, Middle East and Africa, and South America). The financial institutions segment will account for a significant share of market growth during the forecast period. Financial institutions handle large volumes of cash transactions. Hence, they require secure and reliable transportation of cash. The growth of this segment is attributed to factors such as the high demand for cash management services from banks and other financial institutions. Get the market share report that provides valuable insights and analysis on the current state of the market, request a sample report.

Cash logistics market insights –

• Vendors: 15+, including AGS Transact Technologies Ltd., Allied Universal, AXIOM Armored, CMS Info Systems Ltd., GardaWorld Security Corp., Global Security Logistics Co., GSLS, Knightguard Protection Services Pty Ltd., Linfox Pty Ltd., Loomis AB, Prosegur Compania de Seguridad SA, Radiant Cash Management Services, SecureCash, SIS Ltd., The Brinks Co., Titan Armored Inc., TRABLISA, Transguard Group LLC, Writer Business Services Pvt. Ltd., ZIEMANN SECURITY Holding GmbH, among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: End-user (financial institutions, retailers, government agencies, and others), service (cash-in-transit, cash management, and ATM service), and geography (APAC, North America, Europe, Middle East and Africa, and South America)

In 2017, the cash logistics market was valued at USD 22.54 billion. From a regional perspective, APAC held the largest market share, valued at USD 8.82 billion.

Cash logistics market – Customer landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Cash logistics market – Vendor insights

The market is highly competitive, with the top five players controlling the majority of the market. Vendors provide secure logistics for cash movement between different regions, which are governed by different laws. Service-level agreement between banks and cash and secure logistics firms is constantly evolving. Asia, Africa, South America, and some parts of the Middle East are untapped markets, thereby providing opportunities for the cash logistics firms to expand their operations. Thus, the market will stay competitive during the forecast period. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including

• AXIOM Armored – The company offers cash logistics services such as cash in transit, cash management, and ATM replenishment.
• CMS Info Systems Ltd. – The company offers cash logistics services such as cash processing, bulk transits, and vaulting services.
• GardaWorld Security Corp. – The company offers armored truck transport, cash vault services, ATM services, and others for cash logistics.
• Global Security Logistics Co. – The company offers cash logistics services such as secure transit of cash from banks to ATMs.

Cash logistics market – Market dynamics

Major trends

• Increasing demand for ATMs
• Growth of organic and inorganic prospects in cash logistics
• Adoption of automation and robotics by cash logistics firms

The demand for automated cash recycling in ATMs is growing. Cash recycling at modern ATMs helps financial institutions optimize their operations at low costs by eliminating the costs incurred in resources such as tellers and vaults for managing the cash balance. It also increases efficiency by around 90% when compared to the traditional system, thereby increasing the profitability of banks. Therefore, the rising demand for cash recycling will drive the global market during the forecast period.

Key challenges

• Highly competitive cash logistics market
• Growing use of plastic money and online transactions
• Information technology (IT) system failure in cash logistics firms

The global cash logistics market is highly competitive, and there are many untapped regions, such as Asia and Africa. Vendors in the market offer similar services. Hence, the pressure on price and reputation is high, which makes the quality of services a key differentiator. Cost efficiency and risk management are key factors driving vendor selection. The banking crises in Europe during 2009 and the devaluation of the currency in some countries of South America increased competitiveness. As a result, the operating profit of all major vendors was offset by nearly 10% due to currency fluctuation in EMEA and South America. Such issues can be major challenges for vendors.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The cash logistics market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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• Analyzes competitor’s offerings 
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What are the key data covered in this cash logistics market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the cash logistics market between 2023 and 2027
• Precise estimation of the size of the cash logistics market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the cash logistics market across APAC, North America, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of cash logistics market vendors

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Related Reports:

The reverse logistics market is estimated to grow at a CAGR of 7.8% between 2022 and 2027. The size of the market is forecasted to increase by USD 324.23 billion. This report extensively covers market segmentation by type (recalls, commercial and B2B returns, repairable returns, end-of-use returns, and end-of-life returns), end-user (e-commerce, retail, automotive, healthcare, and others), and geography (APAC, North America, Europe, Middle East and Africa, and South America).

The third-party logistics (3PL) market is estimated to grow at a CAGR of 7.87% between 2022 and 2027. The size of the market is forecasted to increase by USD 532.65 billion. This report extensively covers market segmentation by application (transportation services, warehousing and distribution services, and other services), end-user (manufacturing, retail, consumer goods, healthcare, and others), and geography (APAC, North America, Europe, South America, and Middle East and Africa).

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Service
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global cash logistics market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on global cash logistics market 2017 – 2021 ($ billion)

• 4.2 End-user Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – End-user Segment 2017 – 2021 ($ billion)

• 4.3 Service Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Service Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by End-user

• 6.1 Market segments
• Exhibit 30: Chart on End-user – Market share 2022-2027 (%)
• Exhibit 31: Data Table on End-user – Market share 2022-2027 (%)

• 6.2 Comparison by End-user 
• Exhibit 32: Chart on Comparison by End-user
• Exhibit 33: Data Table on Comparison by End-user

• 6.3 Financial institutions – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Financial institutions – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Financial institutions – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Financial institutions – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Financial institutions – Year-over-year growth 2022-2027 (%)

• 6.4 Retailers – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Retailers – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Retailers – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Retailers – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Retailers – Year-over-year growth 2022-2027 (%)

• 6.5 Government agencies – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Government agencies – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Government agencies – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Government agencies – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Government agencies – Year-over-year growth 2022-2027 (%)

• 6.6 Others – Market size and forecast 2022-2027 
• Exhibit 46: Chart on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 47: Data Table on Others – Market size and forecast 2022-2027 ($ billion)
• Exhibit 48: Chart on Others – Year-over-year growth 2022-2027 (%)
• Exhibit 49: Data Table on Others – Year-over-year growth 2022-2027 (%)

• 6.7 Market opportunity by End-user 
• Exhibit 50: Market opportunity by End-user ($ billion)
• Exhibit 51: Data Table on Market opportunity by End-user ($ billion)

7 Market Segmentation by Service

• 7.1 Market segments
• Exhibit 52: Chart on Service – Market share 2022-2027 (%)
• Exhibit 53: Data Table on Service – Market share 2022-2027 (%)

• 7.2 Comparison by Service 
• Exhibit 54: Chart on Comparison by Service
• Exhibit 55: Data Table on Comparison by Service

• 7.3 Cash-in-transit – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Cash-in-transit – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Cash-in-transit – Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Cash-in-transit – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Cash-in-transit – Year-over-year growth 2022-2027 (%)

• 7.4 Cash management – Market size and forecast 2022-2027 
• Exhibit 60: Chart on Cash management – Market size and forecast 2022-2027 ($ billion)
• Exhibit 61: Data Table on Cash management – Market size and forecast 2022-2027 ($ billion)
• Exhibit 62: Chart on Cash management – Year-over-year growth 2022-2027 (%)
• Exhibit 63: Data Table on Cash management – Year-over-year growth 2022-2027 (%)

• 7.5 ATM service – Market size and forecast 2022-2027 
• Exhibit 64: Chart on ATM service – Market size and forecast 2022-2027 ($ billion)
• Exhibit 65: Data Table on ATM service – Market size and forecast 2022-2027 ($ billion)
• Exhibit 66: Chart on ATM service – Year-over-year growth 2022-2027 (%)
• Exhibit 67: Data Table on ATM service – Year-over-year growth 2022-2027 (%)

• 7.6 Market opportunity by Service 
• Exhibit 68: Market opportunity by Service ($ billion)
• Exhibit 69: Data Table on Market opportunity by Service ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 70: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 71: Chart on Market share by geography 2022-2027 (%)
• Exhibit 72: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 73: Chart on Geographic comparison
• Exhibit 74: Data Table on Geographic comparison

• 9.3 APAC – Market size and forecast 2022-2027 
• Exhibit 75: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.4 North America – Market size and forecast 2022-2027 
• Exhibit 79: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 83: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 87: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 91: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 95: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 99: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 India – Market size and forecast 2022-2027 
• Exhibit 103: Chart on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.11 Germany – Market size and forecast 2022-2027 
• Exhibit 107: Chart on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 108: Data Table on Germany – Market size and forecast 2022-2027 ($ billion)
• Exhibit 109: Chart on Germany – Year-over-year growth 2022-2027 (%)
• Exhibit 110: Data Table on Germany – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027 
• Exhibit 111: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 112: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 113: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 114: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 115: Market opportunity by geography ($ billion)
• Exhibit 116: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 117: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 118: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 119: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 120: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 121: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 122: Matrix on vendor position and classification

• 12.3 AGS Transact Technologies Ltd. 
• Exhibit 123: AGS Transact Technologies Ltd. – Overview
• Exhibit 124: AGS Transact Technologies Ltd. – Business segments
• Exhibit 125: AGS Transact Technologies Ltd. – Key offerings
• Exhibit 126: AGS Transact Technologies Ltd. – Segment focus

• 12.4 Allied Universal
• Exhibit 127: Allied Universal – Overview
• Exhibit 128: Allied Universal – Product / Service
• Exhibit 129: Allied Universal – Key offerings

• 12.5 AXIOM Armored
• Exhibit 130: AXIOM Armored – Overview
• Exhibit 131: AXIOM Armored – Product / Service
• Exhibit 132: AXIOM Armored – Key offerings

• 12.6 CMS Info Systems Ltd. 
• Exhibit 133: CMS Info Systems Ltd. – Overview
• Exhibit 134: CMS Info Systems Ltd. – Product / Service
• Exhibit 135: CMS Info Systems Ltd. – Key offerings

• 12.7 GardaWorld Security Corp.
• Exhibit 136: GardaWorld Security Corp. – Overview
• Exhibit 137: GardaWorld Security Corp. – Product / Service
• Exhibit 138: GardaWorld Security Corp. – Key news
• Exhibit 139: GardaWorld Security Corp. – Key offerings

• 12.8 Global Security Logistics Co. 
• Exhibit 140: Global Security Logistics Co. – Overview
• Exhibit 141: Global Security Logistics Co. – Product / Service
• Exhibit 142: Global Security Logistics Co. – Key offerings

• 12.9 GSLS
• Exhibit 143: GSLS – Overview
• Exhibit 144: GSLS – Product / Service
• Exhibit 145: GSLS – Key offerings

• 12.10 Knightguard Protection Services Pty Ltd. 
• Exhibit 146: Knightguard Protection Services Pty Ltd. – Overview
• Exhibit 147: Knightguard Protection Services Pty Ltd. – Product / Service
• Exhibit 148: Knightguard Protection Services Pty Ltd. – Key offerings

• 12.11 Loomis AB
• Exhibit 149: Loomis AB – Overview
• Exhibit 150: Loomis AB – Business segments
• Exhibit 151: Loomis AB – Key news
• Exhibit 152: Loomis AB – Key offerings
• Exhibit 153: Loomis AB – Segment focus

• 12.12 Prosegur Compania de Seguridad SA 
• Exhibit 154: Prosegur Compania de Seguridad SA – Overview
• Exhibit 155: Prosegur Compania de Seguridad SA – Business segments
• Exhibit 156: Prosegur Compania de Seguridad SA – Key offerings
• Exhibit 157: Prosegur Compania de Seguridad SA – Segment focus

• 12.13 Radiant Cash Management Services 
• Exhibit 158: Radiant Cash Management Services – Overview
• Exhibit 159: Radiant Cash Management Services – Product / Service
• Exhibit 160: Radiant Cash Management Services – Key offerings

• 12.14 SecureCash
• Exhibit 161: SecureCash – Overview
• Exhibit 162: SecureCash – Product / Service
• Exhibit 163: SecureCash – Key offerings

• 12.15 SIS Ltd.
• Exhibit 164: SIS Ltd. – Overview
• Exhibit 165: SIS Ltd. – Business segments
• Exhibit 166: SIS Ltd. – Key offerings
• Exhibit 167: SIS Ltd. – Segment focus

• 12.16 The Brinks Co.
• Exhibit 168: The Brinks Co. – Overview
• Exhibit 169: The Brinks Co. – Business segments
• Exhibit 170: The Brinks Co. – Key offerings
• Exhibit 171: The Brinks Co. – Segment focus

• 12.17 ZIEMANN SECURITY Holding GmbH 
• Exhibit 172: ZIEMANN SECURITY Holding GmbH – Overview
• Exhibit 173: ZIEMANN SECURITY Holding GmbH – Product / Service
• Exhibit 174: ZIEMANN SECURITY Holding GmbH – Key offerings

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 175: Inclusions checklist
• Exhibit 176: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 177: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 178: Research methodology
• Exhibit 179: Validation techniques employed for market sizing
• Exhibit 180: Information sources

• 13.5 List of abbreviations 
• Exhibit 181: List of abbreviations

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