Cash Logistics Global Market Opportunities and Strategies to 2032

This report describes and explains the cash logistics market and covers 2017-2022, termed the historic period and 2022-2027 termed the forecast period, along with further forecasts for the period 2027-2032. The report evaluates the market across each region and the major economies within each region.

The global cash logistics market reached a value of nearly $18,651.2 million in 2022, having increased at a compound annual growth rate (CAGR) of 6.3% since 2017. The market is expected to grow from $18,651.2 million in 2022 to $26,803.9 million in 2027 at a rate of 7.5%. The market is then expected to grow at a CAGR of 8.2% from 2027 and reach $39,780.7 million in 2032.

Growth in the historic period resulted from the strong economic growth in emerging markets, a rise in the deployment of ATMs, and a rise in the circulation of currency in the economy. Factors that negatively affected growth in the historic period were the growth in the adoption of digital payments and the COVID-19 impact.

Going forward, a rise in the cash-on-delivery (COD) method of payment, an increasing population, and an increase in funding will drive the market. Factors that could hinder the growth of the cash logistics market in the future include an increase in cash-in-transit vehicle robberies and the Russia-Ukraine war impact.

The cash logistics market is segmented by service into cash management, cash-in-transit, and ATM services. The cash-in-transit was the largest segment of the cash logistics market by service, accounting for $8,353.4 million or 44.8% of the total market in 2022. The cash management market is expected to be the fastest-growing segment going forward at a CAGR of 8.0%.

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 by mode of transit, accounting for $13,382.4 million or 71.8% of the total market in 2022. The roadways market is expected to be the fastest-growing segment going forward at a CAGR of 7.6%.

The cash logistics market is segmented by end user into financial institutions, retailers, government agencies, hospitality, and other end users. The financial institutions was the largest segment of the cash logistics market by the end user, accounting for $7,690.1 million or 41.2% of the total market in 2022. The financial institutions market is expected to be the fastest-growing segment going forward at a CAGR of 7.7%.

Asia-Pacific was the largest region in the cash logistics market, accounting for 35.3% of the global market in 2022. It was followed by Western Europe, North America and other regions. Going forward, the fastest growing regions in the cash logistics market will be the Asia-Pacific and North America, where growth will be at CAGRs of 9.4% and 7.3% respectively from 2022-2027.

The global cash logistics market is concentrated, with a few large players operating in the market. The top ten competitors in the market made up to 43.21% of the total market in 2021. The Brink’s Company was the largest competitor with an 11.04% share of the market, followed by Loomis AB with 10.93%, Prosegur Compania de Seguridad SA with 8.63%, Allied Universal with 6.02%, GardaWorld with 5.15%, CMS Info Systems Ltd with 0.93%, Security and Intelligence Services Ltd. with 0.35%, General Secure Logistics Services (GSLS) with 0.10%, AXIOM Armored with 0.05%, and Global Security Logistic Co with 0.01%.

The top opportunities in the cash logistics market by service will arise in the cash-in-transit market, which will gain $3,570.9 million of global annual sales by 2027. The top opportunities in the cash logistics market by mode of transit will arise in the roadways market, which will gain $5,938.2 million of global annual sales by 2027. The top opportunities in the cash logistics market by end users will arise in the financial institutions market, which will gain $3,452.0 million of global annual sales by 2027. The cash logistics market size will gain the most in China at $2,146.0 million.

Market-trend-based strategies for the cash logistics market include the use of artificial intelligence in cash management, technological advancements, and strategic partnerships and collaborations.

Player-adopted strategies in the cash logistics industry include a focus on strengthening the business operations through strategic acquisitions, a focus on enhancing the operational capabilities through strategic acquisitions, a focus on enhancing the operational capabilities through the launch of new solutions, a focus on expanding the business operations through strategic acquisitions and a focus on strengthening the business activities through business expansions.

To take advantage of the opportunities, the publisher recommends the cash logistics companies to focus on technological advancements, focus on use of artificial intelligence, continue to focus on fast-growing services, expand in emerging markets, continue to focus on developed markets, focus on strategic partnerships and collaborations, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users and focus on the urban population.