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Cash Logistics Market by Service and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR41044
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The cash logistics market share is expected to increase by USD 15.84 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 10%.

This cash logistics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers cash logistics market segmentation by service (cash-in-transit, cash management, and ATM service) and geography (APAC, North America, Europe, MEA, and South America). The cash logistics market report also offers information on several market vendors, including G4S Plc, GardaWorld Security Corp., GSLS, Global Security Logistics Co, Loomis AB, Prosegur Cash SA, Cash Logistik Security AG, CMS Info Systems Pvt. Ltd., and Security and Intelligence Services (India) Ltd. among others.

What will the Cash Logistics Market Size be During the Forecast Period?

Cash Logistics Market Size

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Cash Logistics Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The growing preference for outsourcing cash management services by financial institutions is notably driving the cash logistics market growth, although factors such as the growing use of plastic money and online transactions may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the cash logistics industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Cash Logistics Market Driver

  • The growing preference for outsourcing cash management services by financial institutions is one of the major factors contributing to the growth of the cash logistics market.
  • The rise in the number of ATMs has led to the outsourcing of cash management and security.
  • With the increasing global population, there is a rise in the demand for cash. This has boosted the growth of cash logistics services being outsourced by banks and financial institutions.
  • Outsourcing of cash management security and services has reduced cash-in-transit time. Once the cash is handed over to the third-party cash logistics company, any mishap, including loss, misplacement, theft, and others leads to the payment of heavy compensation to the client.
  • Such factors will support the market growth in the coming years.

Key Cash Logistics Market Trend

  • The increasing demand for ATMs is key cash logistics market trend that will support the market growth. 
  • The frequent withdrawal of cash by retail customers creates the demand for the periodic replenishment of cash. Such activities lead to high costs for banks in terms of the labor cost, for hiring teller staff, and the opportunity costs of keeping large amounts of cash in ATMs.
  • Using a cash recycler system is similar to putting a vault between two tellers, but with a superior cash management system.
  • Cash recycling at modern ATMs with a cash recycler thus helps financial Institutions optimize their operations at a lower cost, by eliminating the costs incurred on resources, like a teller and a vault, for managing the cash balance.
    • This also increases efficiency by roughly 90% over the traditional system and increases the profitability of banks, because of lower expenses.
  • The rising demand for cash recycling is significantly driving the global automated teller machine market during the forecast period

Key Cash Logistics Market Challenge

  • The growing preference for outsourcing cash management services by financial institutions will be a major challenge for the cash logistics market during the forecast period.
  • The rise in the number of ATMs has led to the outsourcing of cash management and security.
  • The amount of cash handled by ATMs is expected to take over the cash handled by banking staff, which will increase the need for professional cash logistics.
  • With the increasing global population, there is a rise in the demand for cash. This has boosted the growth of cash logistics services being outsourced by banks and financial institutions.
  • Outsourcing of cash management security and services has reduced cash-in-transit time.
  • Such factors may limit the concerned market growth in the coming years.

This cash logistics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global cash logistics market as a part of the global air freight & logistics market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the cash logistics market during the forecast period.

Who are the Major Cash Logistics Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • G4S Plc
  • GardaWorld Security Corp.
  • GSLS
  • Global Security Logistics Co
  • Loomis AB
  • Prosegur Cash SA
  • Cash Logistik Security AG
  • CMS Info Systems Pvt. Ltd.
  • Security and Intelligence Services (India) Ltd.

 

This statistical study of the cash logistics market encompasses successful business strategies deployed by the key vendors. The cash logistics market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

  • Brink's Inc. - The company offers comprehensive services for ATM management including cash replenishment, replenishment forecasting, cash optimization, ATM remote monitoring, service call dispatching, transaction processing, installation services, and first and second-line maintenance services.

  • Cash Logistik Security AG - The company offers a secure transition from cash to deposit money for the banking sector.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The cash logistics market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Cash Logistics Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the cash logistics market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the air freight & logistics market includes the following core components:

  • Shippers
  • Freight forwarder
  • Airfreight carrier
  • Handling agents
  • Consignee
  • Industry innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Cash Logistics Market?

Cash Logistics Market Market segmentation by region

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35% of the market's growth will originate from APAC during the forecast period. China and India are the key markets for cash logistics in APAC. Market growth in this region will be slower than the growth of the market in other regions.

The expansion of banking facilities in remote locations and the rise in the flow of cash circulation due to high cash demand in this region will facilitate the cash logistics market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

The outbreak of COVID-19 had a negative impact on the growth of the regional cash logistics market in 2020. The lockdown imposed in most APAC countries caused a sharp decline in the number of ATM transactions and led to travel restrictions that significantly impacted the logistics industry. However, the deployment of mobile ATMs in countries such as India will drive the growth of the cash logistics market in APAC during the forecast period. Additionally, the progressing vaccination drives in several APAC countries have led to a reduction in the number of COVID-19 cases, which has reopened the transportation and logistics industries, which will fuel the growth of the regional cash logistics market during the forecast period.

What are the Revenue-generating Service Segments in the Cash Logistics Market?

Cash Logistics Market Segmentation

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The cash logistics market share growth by the cash-in-transit segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the cash logistics market size and actionable market insights on post COVID-19 impact on each segment.

 

Cash Logistics Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 10%

Market growth 2021-2025

$ 15.84 billion

Market structure

Fragmented

YoY growth (%)

8.66

Regional analysis

APAC, North America, Europe, MEA, and South America

Performing market contribution

APAC at 35%

Key consumer countries

US, China, India, Germany, and UK

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

G4S Plc, GardaWorld Security Corp., GSLS, Global Security Logistics Co, Loomis AB, Prosegur Cash SA, Cash Logistik Security AG, CMS Info Systems Pvt. Ltd., and Security and Intelligence Services (India) Ltd.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Cash Logistics Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive cash logistics market growth during the next five years
  • Precise estimation of the cash logistics market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the cash logistics industry across APAC, North America, Europe, MEA, and South America
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of cash logistics market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Service

    • Market segments
    • Comparison by Service
    • Cash-in-transit - Market size and forecast 2020-2025
    • Cash management - Market size and forecast 2020-2025
    • ATM service - Market size and forecast 2020-2025
    • Market opportunity by Service

    Customer landscape

    • Customer landscape

    Geographic Landscape

    • Geographic segmentation
    • Geographic comparison
    • APAC - Market size and forecast 2020-2025
    • North America - Market size and forecast 2020-2025
    • Europe - Market size and forecast 2020-2025
    • MEA - Market size and forecast 2020-2025
    • South America - Market size and forecast 2020-2025
    • Key leading countries
    • Market opportunity by geography
    • Market drivers
    • Market challenges
    • Market trends

    Vendor Landscape

    • Vendor landscape
    • Landscape disruption

    Vendor Analysis

    • Vendors covered
    • Market positioning of vendors
    • Brink's Inc.
    • Cash Logistik Security AG
    • CMS Info Systems Pvt. Ltd.
    • G4S Plc
    • GardaWorld Security Corp.
    • GSLS
    • Global Security Logistics Co.
    • Loomis AB
    • Prosegur Cash SA
    • Security and Intelligence Services (India) Ltd.

    Appendix

    • Scope of the report
    • Currency conversion rates for US$
    • Research methodology
    • List of abbreviations

    Research Framework

    Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

    TechnavioINFORMATION SOURCES

    Primary sources

    • Manufacturers and suppliers
    • Channel partners
    • Industry experts
    • Strategic decision makers

    Secondary sources

    • Industry journals and periodicals
    • Government data
    • Financial reports of key industry players
    • Historical data
    • Press releases
    Technavio

    TechnavioDATA ANALYSIS

    Data Synthesis

    • Collation of data
    • Estimation of key figures
    • Analysis of derived insights

    Data Validation

    • Triangulation with data models
    • Reference against proprietary databases
    • Corroboration with industry experts
    Technavio

    TechnavioREPORT WRITING

    Qualitative

    • Market drivers
    • Market challenges
    • Market trends
    • Five forces analysis

    Quantitative

    • Market size and forecast
    • Market segmentation
    • Geographical insights
    • Competitive landscape
    Interested in this report?
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    Cash Logistics market growth will increase by $16.79 billion during 2019-2024.
    The cash logistics market is expected to grow at a CAGR of 10.05% during 2019-2024.
    Technavio has segmented the cash logistics market by service (Cash-in-transit, Cash management, and ATM service) and geographic (APAC, North America, Europe, MEA, and South America).
    Product/Service Segments, Key Offering, Key Customers, Segment Focus, Cash Logistik Security AG, CMS Info Systems Pvt. Ltd., G4S Plc, GardaWorld Security Corp., GSLS, Global Security Logistics Co., Loomis AB, Prosegur Cash SA, Security and Intelligence Services (India) Ltd. are a few of the key vendors in the cash logistics market.
    APAC will register the highest growth rate of 35.20% among the other regions. Therefore, the cash logistics market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
    The key factors driving the cash logistics market growth are:
    • Growing preference for outsourcing cash management services by financial institutions
    • Increasing demand for ATMs
    The cash logistics market vendors should focus on grabbing business opportunities from the cash-in-transit segment as it accounted for the largest market share in the base year.
    • What are the key global market and the regional market share?
    • What are the revenue-generating key market segments?
    • What are the key factors driving and challenging this market’s growth?
    • Who are the key market vendors and their growth strategies?
    • What are the latest trends influencing the growth of this market?
    • What are the variables influencing the market growth in the primary regions?
    • What are the factors influencing the growth of the parent market?
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    • Five-force market analysis

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