Cash Logistics Market|Size,Share,Growth|2023-2030

Cash Logistics Market Size (2022 - 2030)

The cash logistics market size at the global level is valued at USD 19.35 billion in 2022 and is expected to reach USD 32.54 billion by 2030, recording a CAGR of 6.71% during the timeline period. 

Digital payments have achieved popularity. Cash logistics involves the physical movement of cash from one place to another. Cash logistics services involve ATM services, secured cash transportation, and management services.

Cash is considered to be the most regularly used payment specifically for amounts not more than 10USD, as per Diary of Consumer Payment Choice (DCPC). The cash logistics market is projected to achieve organized growth from 2023 - 2030. 

Market Drivers

Adopting cash logistics services can make cash management more effective and has advantages like time consumption, capable cash flow, and less chance of mistakes. Increasing cash circulation fosters the cash logistics market globally. Growing security issues among financial institutions and corporate houses uprise the growth. 

The use of cash logistics services is hiking to improve the transparency and optimal cash accumulating the market growth. The growing number of ATMs with increasing demand for strongroom for cash management drive the market growth. 

Technological advancements in cash-in-transit vehicles like the combination of surveillance systems and location tracking devices are anticipated to deliver productive opportunities for market growth. The rising preference for outsourcing cash management services by financial institutions drives the cash logistics market growth. 

Market Restrains

However, the increase in the adoption of digital money and the high threat of destruction of banknotes due to physical damage are expected to hinder market growth. The easy availability of advanced technologies digital payment apps is likely to obstruct the cash logistics market. 

Market Segmentation

The global cash logistics market is segmented based on the service and end-user:

Cash Logistics Market - By Service

  • Cash Management
  • Cash-in-transits
  • ATM Services

The cash-in-transit service segment spearheads the market during the foreseen period. The market players are adopting new technologies to assure the safety and security of the cash-in-transit vehicles fueling the growth. The market players are adopting new technologies to make sure the safety and security of cash-in-transit vehicles help the segment to grow stronger. 

Cash Logistics Market - By End-User

  • Financial Institutions
  • Retailers
  • Government Agencies
  • Others

The financial institution end-user segment dominates the cash logistics market. The institutions are widely adopting financial solutions due to different advantages like optimal cash, developed transparency, and customization of solutions foster the market growth.

Regional Analysis

In North America, the cash logistics market is said to hold a significant revenue share. The region is witnessing splendid development. Cash is growing in terms of GDP across developed countries like the U.S and Canada. Also, cash management services are in huge demand. In the United States, the cash in circulation remains prominent attributed to the constant use of cash. 

Europe is prepared to appear as a profitable revenue pocket for the cash logistics market by 2030. Cash has got a huge demand in households and monetary financial institutions and businesses. The growing rate of cash-in-transit attacks throughout the region. As per the European Central Bank reports, the value of euro banknotes in circulation raised from 1.5 trillion USD in 2022 to USD 1.7 trillion by the end of 2022. 

The Asia-Pacific market for cash logistics is estimated to record substantial growth during the foretold period. The quick expansion of financial institutions inclusive of banks drives the cash logistics market. 

In 2022, as per the State Bank of India (SBI), the currency circulation in India rose from 7.7% in 2022 due to the interest rate and economic growth. The installation of ATMs is snowballing across the developed countries is foreseen to strengthen the market growth. 

India and China are said to create growth opportunities in the cash logistics market due to the increasing demand for cash and the mounting number of fully automated cash-in-transit machines. 

Latin American market for cash logistics is complicated and common. E-commerce is booming throughout the region. The preloaded truth about e-commerce payments in Latin America is the immensity of cash-based payments in Brazil. 

In Brazil, Peru, and Columbia, for example, cash payment methods depicted more than 20% of e-commerce. Mexico and Argentina are close with 19% and 18% cash transactions. 

Major vendors in the global Cash Logistics Market

Here are some of the major players operating in the global cash logistics market include:

  1. G4S PLC.
  2. Loomis AB
  3. Cash Logistics Security AG
  4. Brink’s Incorporated
  5. Garda World
  6. CMS Info Systems Ltd.
  7. Lemuir Group
  8. Prosegur Cash, S.A.
  9. Global Security Logistics Co. and Others

COVID-19 Impact on Cash Logistics Market

The novel coronavirus (COVID-19) pandemic has affected many industries. The third wave of the COVID-19 pandemic may restrain the cash logistics market growth. During FY2022, people showed a desire towards cash as a precaution during the growing obstacles posed by the pandemic period.  
During the initial phase of the COVID-19 pandemic, lockdowns were imposed to avoid the virus from spreading. Population across the world were advised to maintain social distancing. Cash in payment has witnessed a fall as a small, medium, and large businesses and owners have adopted digital currency for money transactions. The adoption of digital currency has obstructed the cash logistics market in 2022. 

Recent Market Developments

  • On March 30, 2022, Loomis AB acquired SecurePost AG. With this acquisition, the platform enables us to improve service offerings and value positions in the Swiss market. 
  • On July 13, 2022, GardaWorld acquired the leading Integrated Security Risk Management Firm WorldAware. WorldAware integrated with Crisis24, a GardaWorld Company, creating THE premier industry player in integrated security risk management. 
  • On November 12, 2022, CMS Info Systems acquired the ATM business of Logicash Solutions in India. With the acquisition, the ATMs number has increased from 62,000 to 72,000. 
  • On December 16, 2022, Brink's company introduced a new product called BLUbeem, a digital cash solution to speed and simplify digital payment methods. 

Cash Logistics Market - Forecast (2022 - 2027)

Chapter 1. Cash Logistics Market  – Scope & Methodology

1.1. Market Segmentation

1.2. Assumptions

1.3. Research Methodology

1.4. Primary Sources

1.5. Secondary Sources

Chapter 2. Cash Logistics Market  – Executive Summary

2.1. Market Size & Forecast – (2022 – 2027) ($M/$Bn)

2.2. Key Trends & Insights

2.3. COVID-19 Impact Analysis

                2.3.1. Impact during 2022 - 2027

                2.3.2. Impact on Supply – Demand

                2.3.3. Impact on Production Cost

                2.3.4. Impact on Supply Chain

Chapter 3. Cash Logistics Market  – Competition Scenario

3.1. Market Share Analysis

3.2. Product Benchmarking

3.3. Competitive Strategy & Development Scenario

3.4. Competitive Pricing Analysis

3.5. Supplier - Distributor Analysis

Chapter 4. Cash Logistics Market  Entry Scenario

4.1. Case Studies – Start-up/Thriving Companies

4.2. Regulatory Scenario - By Region

4.3  Customer Analysis

4.4. Porters Five Force Model

                4.4.1. Bargaining Power of Suppliers

                4.4.2. Bargaining Powers of Customers

                4.4.3. Threat of New Entrants

                4.4.4. Rivalry among Existing Players

                4.4.5. Threat of Substitutes

Chapter 5. Cash Logistics Market  - Landscape

5.1. Value Chain Analysis – Key Stakeholders Impact Analysis

5.2. Market Drivers

5.3. Market Restraints/Challenges

5.4. Market Opportunities

Chapter 6. Cash Logistics Market – By Service

6.1. Cash Management

6.2. Cash-in-Transits

6.3. ATM Services

Chapter 7 . Cash Logistics Market  – By End-User

7.1. Financial Institutions

7.2. Retailers

7.3. Government Agencies

7.4. Others

Chapter 8. Cash Logistics Market , By Geography – Market Size, Forecast, Trends & Insights

8.1. North America

                8.1.1. U.S.A

                8.2. Canada

                8.1.3. Mexico

8.2. Europe

                8.2.1. Italy

                8.2.2. Spain

                8.2.3. Russia

                8.2.4. Germany

                8.2.5. UK

                8.2.6. France

                8.2.7. Rest of Europe

8.3. Asia Pacific

                8.3.1. Japan

                8.3.2. South Korea

                8.3.3. China

                8.3.4. India

                8.3.5. Australia & New Zealand

                8.3.6. Rest of Asia-Pacific

8.4. Rest of the World

                8.4.1. Middle East

                8.4.2. Africa

                8.4.3. South America

Chapter 9. Cash Logistics Market  – Company Profiles – (Overview, Product Portfolio, Financials, Developments)

9.1. Company 1

9.2. Company 2

9.3. Company 3

9.4. Company 4

9.5. Company 5

9.6. Company 6

9.7. Company 7

9.8. Company 8

9.9. Company 9

9.10. Company 10

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