Global Cash Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Cash Logistics Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The cash logistics services involve physical movement of cash from one location to another. Cash logistics services contain ATM services, armored cash transportation and management services, and transportation of valuables. Cash Logistics Management solutions allow Financial Institutions to track return and cash ordering information from/to a variety of sources, including ATMs, Branches, the Central Bank, commercial customers, and other banks and external vaults.

Market Overview:

The latest research study on the global Cash Logistics market finds that the global Cash Logistics market reached a value of USD 32016.39 million in 2022. It’s expected that the market will achieve USD 44675.45 million by 2028, exhibiting a CAGR of 5.71% during the forecast period.

Drivers

Cash remains a popular, most frequently used payment method in all regions of the world and cash in circulation is growing. Despite the increase in electronic payment options, including mobile in recent years, the demand for cash continues to rise globally and it dominates small-value payments. The advantages of cash payment such as free to use, confidential, safe from being hacked still hold significant value, so people’s trust in cash can be a biggest deriver for cash logistic services. The amount of ATMs/ATM Transactions have significantly grown these years, and the functionality of ATM service became more versatile to accommodate the requirements of consumers. The convenient of ATM and the larger using group can also be a driver to develop cash logistics services.

Opportunities

More Technology Innovation
Cash logistics companies are building a more flexible fleet to reduce route costs, while meeting customer needs and managing risk.
The companies are improving their management mechanism, such as measuring daily performance to teller/route level and drive accountability.

Region Overview:

In 2021, the share of the Cash Logistics market in North America stood at 32.28%.

Company Overview:

Brink's is one of the major players operating in the Cash Logistics market, holding a share of 16.24% in 2020.

Brink's

The Brink's Company provides secure transportation, cash management, and other security-related services worldwide. The company offers cash-in-transit services, including armored vehicle transportation of valuables; automated teller machine (ATM) services, such as cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation, and first and second line maintenance; and network infrastructure services.

G4S

The company offers integrated solutions, including analytics and intelligence, technology and software, consulting and risk management, monitoring and response, and manned and mobile security, as well as systems design, built, and integration services.

Segmentation Overview:

By type, Cash-In-Transit segment accounted for the largest share of market in 2021.

Application Overview:

By application, the Enterprise segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Cash Logistics market covered in Chapter 3:

G4S
Brink's
Prosegur
CITIC OS
Loomis
Gunnebo
GardaWorld

In Chapter 4 and Chapter 14.2, on the basis of types, the Cash Logistics market from 2018 to 2029 is primarily split into:

Cash-In-Transit
Cash Management
ATM Services

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Cash Logistics market from 2018 to 2029 covers:

Enterprise
Individual
Government

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)