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

“The Cash Logistics Market is poised to grow by USD 15.84 billion during 2022-2026, accelerating at a CAGR of 10% during the forecast period”

Cash Logistics Industry deals with the physical movement and storage of currency notes and other valuables on behalf of the banks. 

Technavio market report provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 15 vendors. 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?

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Parent Market Analysis

Our Technavio Research categorizes the report as belonging to the Transporation Industry and with a segment of the Cash management market. Technavio is based on four simple principles: easy-to-access reports, robust industry coverage, a focus on new and emerging technologies, and competitive pricing. We believe in helping companies and executives become better equipped to make faster, sounder, and more effective decisions.

Technavio is a global technology research and advisory company. We use a proprietary Research Methodology tailored to each market we cover. Unlike most vendors that provide similar reports, our team of Industry Experts constantly validates our data, assumptions, and conclusions based on in-depth research and over 50 years of combined experience in the IT Industry. Our data is completely original: it has not been aggregated or replicated. This creates a unique opportunity for you to obtain a comprehensive view of the current state of the market as well as provide deep insights into future outlook areas.

Cash Logistics Market: Key Drivers, Trends, and Challenges

The market for cash logistics services may be hindered by factors such as the increasing preference for outsourcing cash management services, the use of plastic money, and online transactions. However, growing consumer use of debit and credit cards, along with more convenient means of payment such as check-cashing stores and ATMs, is expected to foster the growth in demand for cash logistics services. 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.

Who are the Major Cash Logistics Market Vendors?

The vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading smart room heater market vendors such as

• 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.

Cash Logistics Market Value Chain Analysis

In this report, we provide extensive information on the value chain analysis for the cash logistics market. Our data covers all key stages of a cash logistics flow and provides a complete understanding of all aspects of a cash logistics value chain. This includes end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies.

Which are the Key Regions for Cash Logistics Market?

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.To determine the geographic breakdown of the market in terms of detailed analysis and impact. To analyze business dimensions with an eye on individual growth trends and contribution of upcoming market segments. Notes and Caveats Values used in the report are rounded off to the nearest decimal place, and millions have been converted to billions wherever possible.  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?

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

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, misplace, theft, and others, leads to the payment of heavy compensation to the client. Hence, Banks are increasing cash management outsourcing activities to reduce their in-house operational activities. The growing adoption of automated cash management solutions is also a significant factor driving the market.

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.

The report provides a near-term to long-term perspective on the trends and forecasts horizon for the anti-venom market. It offers an overview of the key market drivers and restraints, enabling precise identification of key opportunities in each region over the coming years.

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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 market 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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