Cash Logistics Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2021 – 2027

Report ID: GMI4895

Summary Methodology

Cash Logistics Market size is expected to grow at a significant rate over 2021 to 2027. Banks & financial institutions experience a large number of external attacks, encouraging them to focus on safety vaults and locks for storing cash. The BFSI sector needs transparency and control of cash inventories & deliveries on time with maximum cost efficiency. With the help of centralized cash logistics operations, reduction in cash inventories & deliveries can be achieved, leading to significant cost savings. Cash logistics solutions allow banks & financial institutions to ensure integrity, transparency, and efficiency in moving and storing cash from various sources such as ATMs, central banks, commercial customers, and external vaults.

Growing currency circulation in the global economy has resulted in an increasing demand for cash-in-transit, cash-management, and ATM services. For instance, in August 2019, the Reserve Bank of India (RBI) announced a 17% increase in the amount of currency circulation compared to previous year, reaching USD 13 billion. With the increase in circulation of cash in the economy, the demand for secure cash-in-transit services is also increasing. It encourages economies to manage cash cycle, monitor the quality of cash in circulation, and ensure the public’s trust. These tasks are coordinated by cash logistics services that help in ensuring high-quality cash supply at the global level.

The factors, such as rising number of cash-in-transit vehicle robberies and adoption of digital payments, are restricting the cash logistics market growth. Increased government push toward the adoption of digital payment modes has shifted from currency exchange medium. For instance, in February 2020, the Sweden government and Riksbank, a central bank, launched the e-krona digital currency project for conducting payment transactions from a digital wallet. With the increasing adoption of digital payment modes in global economies, the amount of currency exchange will decrease, thereby hindering the market demand.

The affordability of IoT services, such as RFID and sensors, has led to high growth prospects in the cash logistics market. IoT sensors are installed in cash vaults to detect the movement of currency bills and automatically notify the bank manager regarding the movement of cash from the cash vault. Additionally, real-time vehicle tracking technology has become easier with the advent of advanced vehicle control and tracking systems. The technology allows providing real-time fast response to false events using security software. The software detects unauthorized access in transport vehicles and monitors entry points.

ATM deployers highly focus on reducing operating costs and increasing efficiencies. According to the ATM Industry Association & European Payments Council, the cost of replenishment of ATMs, preparation & delivery of cash to ATMs, and handling of residual cash is USD 1.7 to 3.3 billion per year. This has encouraged banks to adopt cash logistics services to optimize cash levels, maximize transaction volume, improve safety, and minimize overall costs. Moreover, the ongoing coronavirus (COVID-19) pandemic and social distancing norms amidst lockdowns have resulted in the high demand for cash among people. The companies operating in cash logistics market are working closely to ensure an uninterrupted supply of cash at ATMs.

The retail segment is likely to provide several growth opportunities to the cash logistics market through 2027. Retailers are experiencing complexities across the entire cash supply chain from storing, counting, validating, processing, transporting to protecting. To minimize the cost and complexity in these operations, retailers adopt cash logistics solutions to improve productivity and better position themselves to compete in the market. Cash logistics solutions enable retailers to securely, easily, and efficiently move cash from the customer to their bank account. The service provides authentication, security, and automation of cash transfer with a high level of assurance on the value of stored cash.

Asia Pacific cash logistics market size is projected to witness rapid growth over the forecast timeframe driven by the increased installation of ATMs and high usage of cash in the region. The developing countries including India and China have a large number of populations that relies on cash transactions rather than the digital modes of payment. In 2019, China amounted to around USD 1.1 trillion currency in circulation. Similarly, In India, the usage of cash grew by 10.5% post demonetization. The cash usage in India is expected to reach USD 2.45 trillion by 2021 from USD 1.5 trillion in 2016. Furthermore, a rise in the deployment of ATMs driven by increased cash usage will drive market growth.

Key players operating in cash logistics market include Cash Logistics Security AG, GSLS, Loomis, Garda World Security Corporation, The Brink’s Company, CMS Info Systems Ltd., Global Security Logistics Co., G4S plc., Prosegur Cash, S.A., and Lemuir Group. These players are adopting expansion strategies for dominating in the market. For instance, in April 2020, ChaiOne, a supply chain process company based in the U.S., launched Velostics to solve wait time and cash flow challenges in the supply chain industry during COVID-19 pandemic.

This market research report on cash logistics includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2027 for the following segments:

Market, By Service Type

  • Cash Management Services
  • Cash-in-Transit Services
  • ATM Services

Market, By End-user

  • Financial Institutions
  • Retailers
  • Government Agencies
  • Transportation Industry

The above information has been provided for the following regions and countries:

  • North America
    • U.S.
    • Canada
  • Europe
    • UK
    • Germany
    • France
    • Italy
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Taiwan
    • Australia
  • Latin America
    • Brazil
    • Mexico
  • MEA
    • GCC
    • South Africa

What Information does this report contain?

Historical data coverage: 2013 to 2015; Growth Projections: 2016 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.

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