Cash Logistics Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Cash Logistics Market was valued at USD 23.2 billion in 2023 and is projected to grow at over 5% CAGR between 2024 and 2032. This growth is driven by the increasing demand for secure and efficient cash management solutions in both developed and developing economies. For instance, Brink's launched its new brand BLUbeem by Brink's for its digital cash payment solutions. This product aims to revolutionize cash management by offering innovative solutions to streamline cash handling processes.

Financial inclusion initiatives in emerging markets are also significantly fueling the growth of the cash logistics market. Governments and financial institutions are striving to provide banking services to unbanked and underbanked populations, leading to the establishment of more ATMs and banking outlets in rural and remote areas. This expansion is essential for integrating these populations into the formal financial system.

The adoption of cash recycling ATMs is another notable trend in the cash logistics industry. These advanced machines can accept deposits, verify the authenticity of banknotes, and reuse these notes for subsequent withdrawals. This technology reduces the frequency of cash replenishments and collections, leading to lower operational costs and improved efficiency. Additionally, cash recycling ATMs enhance security by minimizing the amount of cash in transit and storage.

The overall cash logistics market is divided into services, mode of transit, end user, and region.

Based on mode of transit, the market is classified into roadways, railways, airways, and others. The roadways segment is expected to reach a value of over USD 20 billion by 2032. Roadways offer a widespread and flexible transportation network, making them a primary choice for cash logistics. This extensive network allows for efficient distribution of cash to various locations, including urban, suburban, and rural areas. Road transport is also more cost-effective compared to air or rail transport, particularly for short to medium distances.

Based on services, the cash logistics market is divided into ATM services, cash-in-transit, cash management, and others. The cash-in-transit segment is the fastest-growing segment with a CAGR of over 5% between 2024 and 2032. As financial transactions and cash handling requirements grow, the need for secure and reliable cash transportation increases. Cash-in-transit services also provide essential security for the movement of cash between financial institutions, ATMs, and retail businesses for addressing concerns about theft and fraud.

North America dominated the global cash logistics market in 2023, accounting for a share of over 35%. The region benefits from a well-developed financial infrastructure, which includes a high density of banking institutions and retail businesses requiring efficient cash handling solutions. Advanced technology adoption and high investments in security systems will further bolster the market while ensuring safe and efficient cash management.

Product Code: 10581

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast calculation
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360º synopsis, 2021 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
3.2 Vendor matrix
3.3 Profit margin analysis
3.4 Technology and innovation landscape
3.5 Patent analysis
3.6 Key news and initiatives
3.7 Regulatory landscape
3.8 Impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Increasing cash transactions volume
  - 3.8.1.2 Technological advancements in security
  - 3.8.1.3 Expansion of financial inclusion
  - 3.8.1.4 Growth in retail sector
  - 3.8.1.5 Increasing number of ATMs
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 High operational costs
  - 3.8.2.2 Risk of theft and fraud
3.9 Growth potential analysis
3.10 Porter's analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Services, 2021 - 2032 (USD billion)

5.1 Key trends
5.2 ATM service
5.3 Cash-in-transit
5.4 Cash management
5.5 Others

Chapter 6 Market Estimates and Forecast, By Mode of Transit, 2021 - 2032 (USD billion)

6.1 Key trends
6.2 Roadways
6.3 Railways
6.4 Airways
6.5 Others

Chapter 7 Market Estimates and Forecast, By End User, 2021 - 2032 (USD billion)

7.1 Key trends
7.2 Financial institutions
7.3 Retailers
7.4 Government agencies
7.5 Hospitality
7.6 Others

Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD billion)

8.1 Key trends
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA

Chapter 9 Company Profiles

9.1 BAI Security
9.2 Brinks Incorporated
9.3 Cash Logistics Security AG
9.4 CitiGuard
9.5 CMS Info Systems Ltd.
9.6 Fortress Security Services
9.7 G4S PLC
9.8 GardaWorld Corporation
9.9 Global Security Solutions
9.10 Gunnebo Group
9.11 Japan Post Holdings Co., Ltd.
9.12 Loomis AB
9.13 Loomis International
9.14 Matahari Kahuripan Indonesia (MKI)
9.15 MPS Security
9.16 Orion Security Solutions
9.17 Paragon Security Group
9.18 Prosegur Cash, S.A.
9.19 Royal Mail Group Limited
9.20 SecuriGroup Limited
9.21 Securitas AB
9.22 Security and Intelligence Services (India) Limited
9.23 SIS Cash Services
9.24 Transguard Group LLC
9.25 Wells Fargo and Co.