The Global Cash Logistics Market size was valued at USD 19.23 Billion in 2022 and is expected to surpass USD 35.06 Billion by 2031, expanding at a CAGR of 6.9% during the forecast period, 2023 – 2031. The growth of the market is attributed to rising number of ATMs and increasing demand for basement for cash management.
The cash logistics market service includes handling of cash as well as physical movement of the same. It consists of services including cash management, cash-in-transit, and ATM recharge. Physical movement of cash from one location to another is called cash-in-transit services. Cash management take in services including sorting, wrapping, and checking quality of bills.
Market Trends, Drivers, Restraints, and Opportunities
-
Increasing number of totally automated cash-in-transit machines in growing countries including India and China is anticipated to drive the cash logistics market.
-
Rise in acceptance of virtual money and large risk of demolition of bank notes due to physical damage are estimated to boost the market.
-
Increasing flow of cash in vault for cash management and rising deployment of ATMs are key factors fueling the growth of the market.
-
The third wave of COVID-19 pandemic can hamper the growth of the market.
-
Increasing cash demand from emerging economies and cash-in-transit vehicles is spurring the growth of the market.
-
Growing income of the population can generate value for the cash management systems and safety systems, positively influencing the market growth.
Scope of Cash Logistics Market Report
The report on the global cash logistics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes
|
Details
|
|
Report Title
|
Cash Logistics Market- Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
|
|
Base Year
|
2022
|
|
Historic Data
|
2016–2021
|
|
Forecast Period
|
2023–2031
|
|
Segmentation
|
Services (Cash-in-transit, Cash Management, and ATM Services) and End-users (Into Financial Institutions, Retail, And Government Agencies, and Others)
|
|
Regional Scope
|
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
|
|
Report Coverage
|
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
|
|
Key Players Covered in the Report
|
G4S PLC.; Loomis AB; Cash Logistics Security AG; Brink’s Incorporated; Garda World; CMS Info Systems Ltd.; Lemuir Group; Prosegur Cash, S.A.; and Global Security Logistics Co.
|
Cash Logistics Market Segment Insights
Cash-in-transit segment is expected to grow at a rapid pace
Based on services, the market is divided into cash-in-transit, cash management, and ATM services. The cash-in-transit segment is expected to grow at a rapid pace during the forecast period. Increasing adoption of new automation by market players to make sure the security and safety of cash-in-transit vehicles is driving the segment growth. Moreover, increasing acceptance of new technologies by market players to make sure security and the safety of cash-in-transit vehicles is fostering the market growth.
Financial institutions segment is projected to expand at a considerable CAGR
On the basis of end users, the market is segregated into financial institutions, retail, and government agencies, and others. The financial institutions segment is projected to expand at a considerable CAGR during the forecast period. Rising use of cash logistics services to improve transparency and optimal cash is positively impacting the market growth.
North America is anticipated to constitute a key market share
In terms of regions, the global cash logistics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. Asia Pacific is expected to constitute a key share of the market during the projected period owing to the increase of banking provision in emerging economies such as China and India. The market in this region is anticipated to expand at a rapid pace during the forecast period due to rising cash usage, ATM installation, and rising purchasing power. For instance, key players in India are cooperating with cash logistics association (CLA), which distribute in delivery and cash pick-up, ATM cash management, and intercity bulk cash movement.
Segments
The global cash logistics market has been segmented on the basis of
Services
- Cash-in-transit
- Cash management
- ATM services
End-users
- Financial institutions
- Retail
- Government agencies
- Others
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
- G4S PLC.
- Loomis AB
- Cash Logistics Security AG
- Brink’s Incorporated
- Garda World
- CMS Info Systems Ltd.
- Lemuir Group
- Prosegur Cash, S.A.
- Global Security Logistics Co.
Competitive Landscape
Key players competing in the global cash logistics market are G4S PLC.; Loomis AB; Cash Logistics Security AG; Brink’s Incorporated; Garda World; CMS Info Systems Ltd.; Lemuir Group; Prosegur Cash, S.A.; and Global Security Logistics Co.
Companies are working on improving the security solutions to leverage their market position.
Request For Customization
Enquiry Before Buying
Speak With Analyst
