The cash logistics market is segmented by service into cash management, cash-in-transit, and ATM services. The cash-in-transit market was the largest segment of the cash logistics market segmented by service, accounting for 44.72% or $9.79 billion of the total in 2024. Going forward, the cash management segment is expected to be the fastest growing segment in the cash logistics market segmented by service, at a CAGR of 9.99% during 2024-2029.
The cash logistics market is segmented by mode of transit into roadways, railways, airways, and waterways. The roadways market was the largest segment of the cash logistics market segmented by mode of transit, accounting for 71.88% or $15.74 billion of the total in 2024. Going forward, the roadways segment is expected to be the fastest growing segment in the cash logistics market segmented by mode of transit, at a CAGR of 9.49% during 2024-2029.
The cash logistics market is segmented by end user into financial institutions, retailers, government agencies, hospitality, and other end users. The financial institutions market was the largest segment of the cash logistics market segmented by end user, accounting for 41.34% or $9.05 billion of the total in 2024. Going forward, the financial institutions segment is expected to be the fastest growing segment in the cash logistics market segmented by end user, at a CAGR of 9.64% during 2024-2029.
Asia Pacific was the largest region in the cash logistics market, accounting for 36.58% or $8.01 billion of the total in 2024. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the cash logistics market will be Asia Pacific and North America where growth will be at CAGRs of 11.11% and 9.01% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 8.36% and 8.33% respectively.
The global cash logistics market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.66% of the total market in 2023. The Brink’s Company was the largest competitor with a 1.56% share of the market, followed by Loomis Corporate with 1.32%, Prosegur Compañía de Seguridad S.A with 1.23%, GardaWorld Corporation with 1.21%, Allied Universal Security Services LLC with 1.13%, CMS Info Systems Ltd. with 0.91%, Security and Intelligence Services Ltd. with 0.86%, Linfox Armaguard Pty Ltd. with 0.73%, Writer Corporation with 0.47% and Absa Group with 0.23%.
The top opportunities in the cash logistics market segmented by service will arise in the cash-in-transit segment, which will gain $5.35 billion of global annual sales by 2029. The top opportunities in the cash logistics market segmented by mode of transit will arise in the roadways segment, which will gain $9.03 billion of global annual sales by 2029. The top opportunities in the cash logistics market segmented by end user will arise in the financial institutions segment, which will gain $5.28 billion of global annual sales by 2029. The cash logistics market size will gain the most in China at $3.4 billion.
Market-trend-based strategies for the cash logistics market include focus on digital platforms revolutionizing cash logistics management, focus on strategic partnerships propel cash logistics innovation, focus on advancing cash access through multi-bank ATM deployments, focus on enhancing cash logistics with virtual account structures and focus on advanced cash handling systems improve security and access.
This report describes and explains the cash logistics market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global cash logistics market reached a value of nearly $21.9 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.72% since 2019. The market is expected to grow from $21.9 billion in 2024 to $34.31 billion in 2029 at a rate of 9.39%. The market is then expected to grow at a CAGR of 8.97% from 2029 and reach $52.73 billion in 2034.
Growth in the historic period resulted from growth in cash circulation and transactions, rise in deployment of ATMs, rising cybersecurity concerns and expansion of retail sectors. Factors that negatively affected growth in the historic period were increase in cash-in-transit vehicle robberies and growth in the adoption of digital payments.
Going forward, the increasing outsourcing by banks and businesses, expansion of banking sector, growing number of small businesses and favorable government initiatives will drive growth. Factor that could hinder the growth of the cash logistics market in the future include currency demonetization policies and limited profit margins.
Player-adopted strategies in the cash logistics market include focus on new service launches through the strategic partnerships and focus on expanding business operations through strategic acquisitions.
To take advantage of the opportunities, the analyst recommends the cash logistics market companies to focus on digital platform integration to enhance cash management efficiency, focus on innovative ATM solutions to sustain cash access and financial inclusion, focus on virtual account solutions to enhance cash flow control and process efficiency, focus on scalable smart technologies to improve flexibility and operational efficiency, focus on the fastest growing cash management segment to drive strategic growth, focus on roadways to maximize growth and operational reach, expand in emerging markets, focus on strategic partnerships to drive innovation and market expansion, focus on tiered, value-based pricing to strengthen revenue and market position, focus on targeted promotion to strengthen market penetration, focus on client education to build trust and support service uptake and focus on financial institutions to capture high-value, high-growth demand.
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The cash logistics market is segmented by mode of transit into roadways, railways, airways, and waterways. The roadways market was the largest segment of the cash logistics market segmented by mode of transit, accounting for 71.88% or $15.74 billion of the total in 2024. Going forward, the roadways segment is expected to be the fastest growing segment in the cash logistics market segmented by mode of transit, at a CAGR of 9.49% during 2024-2029.
The cash logistics market is segmented by end user into financial institutions, retailers, government agencies, hospitality, and other end users. The financial institutions market was the largest segment of the cash logistics market segmented by end user, accounting for 41.34% or $9.05 billion of the total in 2024. Going forward, the financial institutions segment is expected to be the fastest growing segment in the cash logistics market segmented by end user, at a CAGR of 9.64% during 2024-2029.
Asia Pacific was the largest region in the cash logistics market, accounting for 36.58% or $8.01 billion of the total in 2024. It was followed by Western Europe, North America and then the other regions. Going forward, the fastest-growing regions in the cash logistics market will be Asia Pacific and North America where growth will be at CAGRs of 11.11% and 9.01% respectively. These will be followed by Western Europe and South America where the markets are expected to grow at CAGRs of 8.36% and 8.33% respectively.
The global cash logistics market is fragmented, with a large number of small players operating in the market. The top ten competitors in the market made up to 9.66% of the total market in 2023. The Brink’s Company was the largest competitor with a 1.56% share of the market, followed by Loomis Corporate with 1.32%, Prosegur Compañía de Seguridad S.A with 1.23%, GardaWorld Corporation with 1.21%, Allied Universal Security Services LLC with 1.13%, CMS Info Systems Ltd. with 0.91%, Security and Intelligence Services Ltd. with 0.86%, Linfox Armaguard Pty Ltd. with 0.73%, Writer Corporation with 0.47% and Absa Group with 0.23%.
The top opportunities in the cash logistics market segmented by service will arise in the cash-in-transit segment, which will gain $5.35 billion of global annual sales by 2029. The top opportunities in the cash logistics market segmented by mode of transit will arise in the roadways segment, which will gain $9.03 billion of global annual sales by 2029. The top opportunities in the cash logistics market segmented by end user will arise in the financial institutions segment, which will gain $5.28 billion of global annual sales by 2029. The cash logistics market size will gain the most in China at $3.4 billion.
Market-trend-based strategies for the cash logistics market include focus on digital platforms revolutionizing cash logistics management, focus on strategic partnerships propel cash logistics innovation, focus on advancing cash access through multi-bank ATM deployments, focus on enhancing cash logistics with virtual account structures and focus on advanced cash handling systems improve security and access.
This report describes and explains the cash logistics market and covers 2019-2024, termed the historic period, and 2024-2029, 2034F termed the forecast period. The report evaluates the market across each region and for the major economies within each region.
The global cash logistics market reached a value of nearly $21.9 billion in 2024, having grown at a compound annual growth rate (CAGR) of 6.72% since 2019. The market is expected to grow from $21.9 billion in 2024 to $34.31 billion in 2029 at a rate of 9.39%. The market is then expected to grow at a CAGR of 8.97% from 2029 and reach $52.73 billion in 2034.
Growth in the historic period resulted from growth in cash circulation and transactions, rise in deployment of ATMs, rising cybersecurity concerns and expansion of retail sectors. Factors that negatively affected growth in the historic period were increase in cash-in-transit vehicle robberies and growth in the adoption of digital payments.
Going forward, the increasing outsourcing by banks and businesses, expansion of banking sector, growing number of small businesses and favorable government initiatives will drive growth. Factor that could hinder the growth of the cash logistics market in the future include currency demonetization policies and limited profit margins.
Player-adopted strategies in the cash logistics market include focus on new service launches through the strategic partnerships and focus on expanding business operations through strategic acquisitions.
To take advantage of the opportunities, the analyst recommends the cash logistics market companies to focus on digital platform integration to enhance cash management efficiency, focus on innovative ATM solutions to sustain cash access and financial inclusion, focus on virtual account solutions to enhance cash flow control and process efficiency, focus on scalable smart technologies to improve flexibility and operational efficiency, focus on the fastest growing cash management segment to drive strategic growth, focus on roadways to maximize growth and operational reach, expand in emerging markets, focus on strategic partnerships to drive innovation and market expansion, focus on tiered, value-based pricing to strengthen revenue and market position, focus on targeted promotion to strengthen market penetration, focus on client education to build trust and support service uptake and focus on financial institutions to capture high-value, high-growth demand.
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Table of Contents
1 Executive Summary
6 Market Characteristics
7 Major Market Trends
8 Global Cash Logistics Growth Analysis And Strategic Analysis Framework
9 Global Cash Logistics Market Segmentation
10 Cash Logistics Market, Regional and Country Analysis
11 Asia-Pacific Market
12 Western Europe Market
13 Eastern Europe Market
14 North America Market
15 South America Market
16 Middle East Market
17 Africa Market
18 Competitive Landscape And Company Profiles
19 Other Major And Innovative Companies
22 Key Mergers And Acquisitions
23 Recent Developments In The Cash Logistics Market
24 Opportunities And Strategies
25 Cash Logistics Market, Conclusions And Recommendations
26 Appendix
Executive Summary
Cash Logistics Global Market Opportunities And Strategies To 2034 provides the strategists; marketers and senior management with the critical information they need to assess the global cash logistics market as it emerges from the COVID-19 shut down.Reasons to Purchase:
- Gain a truly global perspective with the most comprehensive report available on this market covering 15 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis.
Description
Where is the largest and fastest-growing market for cash logistics? How does the market relate to the overall economy; demography and other similar markets? What forces will shape the market going forward? The cash logistics market global report answers all these questions and many more.The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s history and forecasts market growth by geography. It places the market within the context of the wider cash logistics market; and compares it with other markets.
The report covers the following chapters
- Introduction and Market Characteristics- Brief introduction to the segmentations covered in the market, definitions and explanations about the segment by service, by mode of transit and by end-user.
- Key Trends- Highlights the major trends shaping the global market. This section also highlights likely future developments in the market.
- Growth Analysis And Strategic Analysis Framework- Analysis on PESTEL, end use industries, market growth rate, global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods, forecast growth contributors and total addressable market (TAM).
- Global Market Size And Growth- Global historic (2019-2024) and forecast (2024-2029, 2034F) market values and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional And Country Analysis- Historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison by region and country.
- Market Segmentation- Contains the market values (2019-2024) (2024-2029, 2034F) and analysis for each segment by service, by mode of transit and by end-user in the market. Historic (2019-2024) and forecast (2024-2029) and (2029-2034) market values and growth and market share comparison by region market.
- Regional Market Size and Growth- Regional market size (2024), historic (2019-2024) and forecast (2024-2029, 2034F) market values and growth and market share comparison of countries within the region. This report includes information on all the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape- Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Other Major And Innovative Companies- Details on the company profiles of other major and innovative companies in the market.
- Competitive Benchmarking- Briefs on the financials comparison between major players in the market.
- Competitive Dashboard- Briefs on competitive dashboard of major players.
- Key Mergers and Acquisitions- Information on recent mergers and acquisitions in the market is covered in the report.This section gives key financial details of mergers and acquisitions which have shaped the market in recent years.
- Recent Developments- Information on recent developments in the market covered in the report.
- Market Opportunities And Strategies- Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations- This section includes recommendations for cash logistics providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix- This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Markets Covered:
1) By Service: Cash Management; Cash-In-Transit; ATM Services2) By Mode Of Transit: Roadways; Railways; Airways; Waterways
3) By End User: Financial Institutions; Retailers; Government Agencies; Hospitality; Other End Users
Key Companies Profiled: The Brink’s Company; Loomis Corporate; Prosegur Compañía de Seguridad S.A.; GardaWorld Corporation; Allied Universal Security Services LLC
Countries: China; Australia; India; Indonesia; Japan; South Korea; USA; Canada; Brazil; France; Germany; UK; Italy; Spain; Russia
Regions:Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; cash logistics indicators comparison.
Data Segmentation: Country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- The Brink’s Company
- Loomis Corporate
- Prosegur Compañía de Seguridad S.A.
- GardaWorld Corporation
- Allied Universal Security Services LLC
- CMS Info Systems Ltd.
- Security and Intelligence Services Ltd.
- Linfox Armaguard Pty Ltd.
- Writer Corporation
- Absa Group
- Webull Securities (Australia) Pty Ltd.
- ScotPac
- Hitachi Payment Services
- Fujitsu Frontech Ltd.
- Nautilus Hyosung Corporation
- China Security & Protection Group (CSPG)
- G4S
- Guangdong Tianbao Security Group
- Radiant Cash Management Services
- SIS Prosegur
- ALSOK
- SECOM Co., Ltd.
- FloatApp
- Akoni
- Cash Logistics Security AG
- Brink
- NoteMachine
- GLORY
- Waves Enterprise
- BCS World of Investments
- UBS
- Sberbank
- ATON
- Kyriba Corp
- AXIOM Cash Logistics
- Viking Cash Logistics
- Global Security Logistic Co.
- Cosan Group
- Massar International
- Bank of Canada
- Bison State Bank
- National Secure Transport (NST)
- Valley Bank
- C3 Industries
- Titan Armored Inc.
- Fiserv Inc.
- MPS Security
- Cash Connect
- Bank of America
- Green Cash Logistics
- Euronet Worldwide
- Diebold Nixdorf
- Giesecke+Devrient
- Sanid
- APSG
- Eraf Group
- Transguard Group
- Uni24.co.za
- CITASA
- SBV Services
- Umnotho Cash Management
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 318 |
Published | September 2025 |
Forecast Period | 2024 - 2034 |
Estimated Market Value ( USD | $ 21.9 Billion |
Forecasted Market Value ( USD | $ 52.73 Billion |
Compound Annual Growth Rate | 9.2% |
Regions Covered | Global |
No. of Companies Mentioned | 61 |