Cash Logistics Market – Global Industry Analysis and Forecast (2023-2029)

Cash Logistics Market is expected to grow at a CAGR of 7.12% during the forecast period and market is expected to reach US$ 33.84 Bn. by 2029.

The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.To know about the Research Methodology :- Request Free Sample Report
Cash Logistics Market Dynamics:
An 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, the increase in the adoption of digital payments and the rise in cash-in-transit robberies restrain the market growth. On the other hand, an increase in demand for cash from emerging economies and a surge in the manufacturing of fully automated cash-in-transit vehicles would create new opportunities for the market.
Cash Logistics Market Segment Analysis:
The global cash logistics market by cash-in-transit was valued at 9.88 billion USD in 2022 and is expected to reach 33.84 billion USD by 2029, growing at a CAGR of 9.70%; while the global cash logistics market by ATM service was valued at 6.25 billion USD in 2022 and is expected to reach 33.84billion USD by 2029, growing at a CAGR of 14.14%. This latter segment includes services that minimize the risks associated with cash transfer or assets by ensuring safe transportation using different armoured vehicles; thereby enabling the smooth functioning of financial institutions, businesses, and retailers. Cross-border transportation of cash, and storing of cash during transit require generic cash logistics solutions – primary services offered by cash-in-transit services.

Based on end-use, the market has been segmented into financial institutions, retail, and government agencies, and others. The financial institution's segment dominates the market as these institutions are widely adopting these solutions owing to various advantages such as improved transparency, customization of solutions, and optimal cash.
Cash Logistics Market Regional Insights:
Based on the region, the market has been segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific is expected to emerge as the fastest-growing regional market owing to the enhancement of banking facilities in emerging economies such as China and India. Various factors such as increasing cash usage, increased ATM installation, and increased purchasing power are further expected to propel the market growth in the region.

Market players in India are collaborating with Cash Logistics Association (CLA), which deals in cash pick-up & delivery, intercity bulk cash movement, and ATM cash management, among others. This is expected to contribute to the growth of the segment in the Asia Pacific region.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The reports also help in understanding dynamics, structure by analyzing the market segments by type, end-use, and region and, project the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Cash Logistics market. The report also provides PEST analysis, PORTER’s analysis, SWOT analysis to address the question of shareholders in arranging the efforts and investment in the near future to a particular market segment.
Cash Logistics Market, Key Highlights:
1. Global Cash Logistics Market analysis and forecast, in terms of value.
2. Comprehensive study and analysis of market drivers, restraints and opportunities influencing the growth of the Global Cash Logistics Market
3. Global Cash Logistics Market segmentation on the basis of type, source, end-user, and region (country-wise) has been provided.
4. Global Cash Logistics Market strategic analysis with respect to individual growth trends, future prospects along with the contribution of various sub-market stakeholders have been considered under the scope of study.
5. Global Cash Logistics Market analysis and forecast for five major regions namely North America, Europe, Asia Pacific, the Middle East & Africa (MEA) and Latin America along with country-wise segmentation.
6. Profiles of key industry players, their strategic perspective, market positioning and analysis of core competencies are further profiled.
7. Competitive developments, investments, strategic expansion and competitive landscape of the key players operating in the Global Cash Logistics Market are also profiled.
Cash Logistics Market Scope: Inquire before buying



Global Cash Logistics Market


Report Coverage
Details


Base Year:
2022
Forecast Period:
2023-2029


Historical Data:
2018 to 2022
Market Size in 2022:
US $ 20.91 Bn.


Forecast Period 2023to 2029CAGR:
7.12%
Market Size in 2029:
US $ 33.84 Bn.


 Segments Covered:
by Service
Cash management
Cash-in-transit
ATM Services


by End User
Financial Institutions
Retailers
Government Agencies
Others


by Mode of Transit
Roadways
Railways
Airways



Cash Logistics Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Key Players
1. The Brink's Company
2. CMS Info Systems Ltd.
3. Cash Logistics Security AG
4. Garda World Security Corporation
5. G4S Plc.
6. GSLS
7. Lemuir Group
8. Global Security Logistics Co.
9. Loomis
10. Prosegur Cash, S.A.

Frequently Asked Questions:

1. Which region has the largest share in Global Market?
Ans: Asia Pacific region holds the highest share in 2022.

2. What is the growth rate of Global Market?
Ans: The Global Cash Logistics Market is growing at a CAGR of 7.12% during forecasting period 2023-2029.

3. What is scope of the Global market report?
Ans: Global Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period.

4. Who are the key players in Global market?
Ans: The important key players in the Global Market are – The Brink's Company, CMS Info Systems Ltd, Cash Logistics Security AG, Garda World Security Corporation, G4S Plc, GSLS, Lemuir Group, Global Security Logistics Co, Loomis, Prosegur Cash, and S.A

5. What is the study period of this market?
Ans: The Global Cash Logistics Market is studied from 2022 to 2029.