There is a saying “cash is king”. That is true in many aspects. Many businesses prefer cash payments rather than other payment alternatives. Any type of business involves cash handling, which is why cash deserves a “VIP treatment”. The physical transport of cash, and other valuables, should never be taken lightly. That’s when the role of reliable cash logistics comes in. These companies, with their best efforts, make sure they have the resources. This includes having experienced and trained staff, as well as secure and well-maintained vehicles. Ever wondered what kinds of vehicles are used for cash in transit services? Cash is most vulnerable when being transported and secured by only a few armed guards. Since cash-in-transit vehicles are prone to robberies, these are designed to be bulletproof.

The present report fulfils the objective of the research that is to present the insights into the cash logistics market. Analysis of market data and the historical growth of the global cash logistics market by various segments. The growth and development of the market and its trends have been figured out through secondary research. Primary research was conducted and industry experts were interviewed extensively for ensuring the accuracy in the analysis and insights.

Global Cash Logistics Market: Drivers & Restraints

The global market for cash logistics services has been influenced positively by the rising security concerns amongst banks and corporate houses that require secure movement and management services for cash. Growing ATM market has resulted in rise in demand for cash logistics services. The global cash logistics market has witnessed stable growth in the demand for the cash logistics as well as management services.

Increase in cash transactions, surge in presence of ATMs, and growth in demand for safe & vault for managing cash drive the growth of the global cash logistics market. However, increase in adoption of digital payments and rise in cash-in-transit robberies restrain the market growth. Nevertheless, increase in demand for cash from emerging economies boosts the global market. Moreover, surge in manufacturing of fully automated cash-in-transit vehicles would create new opportunities to the market.

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Global Cash Logistics Market: Geographical Outlook

On the heels of rising cash, prevalence particularly in developing countries including China, India, CIC-GDP ratio and installations of ATMs has been on the rise. Among the regions, North America accounts for the largest regional share in the global cash logistics market. Asia Pacific has been displaying a lot of potential and is projected to be one of the fastest growing regions in the forecast period.

Key factors driving the robust growth rate of APAC region include amplifying growth in the installation of ATMs. Increase in the cash usage, de-monetization in India, rising need for the replenishment of ATMs coupled with increasing purchasing power.

Global Cash Logistics Market: Competitive Landscape

To expand their business operations in the competitive market, the cash logistics vendors are adopting several growth strategies. The vendors are also exploring new end-user segments as a part of expanding their business operations. The adoption growth strategies by cash logistics service providers will be one of the major trends in the global cash logistics market during the forecast period. The key players operating in the cash logistics market include The Brink’s Company, Cash Logistics Security AG, CMS Info Systems Ltd., G4S plc. and Garda World Security Corporation, among others.