Cash logistics market value: $16.83 billion in 2020; forecast

According to a recent report published by Allied Market Research, titled “Cash Logistics Market by Service, End User, and Mode of Transit: Global Opportunity Analysis and Industry Forecast, 2021–2030,” the global cash logistics market was valued at USD 16.83 billion in 2020 and is projected to reach USD 33.28 billion by 2030, growing at a compound annual growth rate of 6.9% between 2021 and 2030.

𝐅𝐨𝐫 𝐌𝐨𝐫𝐞 𝐃𝐞𝐭𝐚𝐢𝐥𝐬- https://www.alliedmarketresearch.com/cash-logistics-market

Europe dominates the market in terms of revenue, followed by North America, LAMEA and Asia Pacific. Germany accounted for the highest share in 2020. However, LAMEA is expected to witness significant growth during the forecast period as demand for cash in transit increases across the region and internet penetration supports online cash payment alternatives.

The cash logistics industry is engaged in the physical transportation and storage of banknotes and other valuables on behalf of banks. It mainly includes cash management and security solutions such as cash transportation, cash management services, ATM replenishment and services, cash processing, vault outsourcing, international cash transportation, smart vault services and payment services. Locations include cash centers and bank branches, ATMs, large retailers and other premises. Currently, many cash logistics service providers are implementing cash management solutions such as smart vaults, automation to reduce risk, real-time access to reporting data and account information, and streamlined processes to increase operational efficiency and transparency. In addition, cash logistics companies offer benefits such as robust deployment process, strategic partnerships, efficient project management and others.

𝐑𝐞𝐪𝐮𝐤𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 – https://www.alliedmarketresearch.com/request-sample/2458

The cash logistics market has experienced significant growth over the years, driven by an increase in cash circulation despite digital currencies in developing regions. Companies operating in the market have implemented collaboration, cooperation, partnerships, product launches, R&D and acquisitions to increase their market share and expand their geographic presence. In 2018, Loomis AB and Sonet entered into a global partnership to offer customers advanced digital solutions and build a bridge between physical and digital payments. In addition, in Brazil, Prosegur acquired Logmais, a bank correspondent company, to enhance new services for customers in Brazil. This is intended to strengthen the company’s position as a payment solutions provider and guarantee a solid, agile and efficient presence throughout the Brazilian territory. In recent days, the number of robberies against vehicles transporting cash has increased exponentially, resulting in injured employees and sometimes death. For example, the Mercedes Benz Sprinter is the perfect example of an automated cash-in-transit vehicle equipped with surveillance cameras, armored sliding doors, locking systems, fingerprint scanners, LED push buttons for door control, and coded infrared sensors. The introduction of cash logistics services by various companies and authorities is therefore reducing the additional risk in today’s economic environment by employing operational controls to provide efficient project management, reliable infrastructure, and more.

𝐁𝐞𝐭𝐞𝐧 𝐝𝐞𝐬𝐞𝐧𝐤𝐫𝐨𝐜𝐡 𝐑𝐞𝐬𝐞𝐧𝐤𝐫𝐨𝐜𝐡 – https://www.alliedmarketresearch.com/cash-logistics-market/purchase-options

The Cash Logistics Market report is segmented on the basis of service type, end user, mode of transportation, and region. Based on service type, the global market has been segmented into cash management, cash transportation, and ATM services. By end user, the global market has been segmented into financial institutions, retailers, government agencies, hospitality, and others. Regionally, the market is analyzed into North America, Europe, Asia Pacific, and LAMEA.

Factors such as growth in cash circulation, increasing demand for safes and vaults for cash management, and increasing penetration of ATMs are aiding the growth of the market globally. However, factors such as increase in cash-in-transit robberies and increasing usage of digital money are restraining the growth of the market globally. Moreover, factors such as production of fully automated cash-in-transit vehicles and increasing demand for cash in emerging economies are creating ample opportunities for the growth of the market during the forecast period.

𝐊𝐞𝐢𝐧𝐝𝐢𝐧𝐠𝐬 𝐎𝐟 𝐓𝐡𝐞 𝐒𝐭𝐮𝐤𝐭𝐨𝐝𝐲
From an end-user perspective, the hospitality segment is expected to experience significant growth during the forecast period.
Depending on the mode of transport, the road sector is likely to experience significant growth in the near future.
LAMEA is expected to have the highest average annual growth rate.

𝐌𝐚𝐤 𝐈𝐧𝐪𝐮𝐤𝐫𝐲 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐤𝐢𝐧𝐠 – https://www.alliedmarketresearch.com/purchase-enquiry/2458

𝐂𝐎𝐕𝐈𝐃-𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬:
The COVID-19 crisis has created uncertainty in the market by slowing down logistics services, hampering business growth and increasing panic among customer segments.
In various regions, governments announced complete lockdowns and temporary closures of industries, leading to the closure of borders and restricting the movement of transport and logistics services.
The global business outlook has changed dramatically following the COVID-19 health crisis.
In addition, the overall service activities of market participants have declined as the demand for cash to avoid contamination risks has fallen dramatically.
As things stand, the world as a whole is slowly getting back on its feet. With the new restrictions and guidelines in place, a significant recovery in product sales across the retail sector could have a positive impact on the cash logistics market and support economic activities across all sectors.

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐌𝐚𝐫𝐤𝐞𝐭 𝐏𝐥𝐚𝐲𝐞𝐫𝐬:
Cash Logistics Security AG, CMS, GardaWorld, GSL, GSLS, G4S, Lemuir Group, Loomis AB, Prosegur and The Brink’s Company.

𝐂𝐨𝐧𝐭𝐚𝐜𝐭:
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𝐀𝐛𝐨𝐮𝐤𝐭 𝐔𝐬:
Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides unmatched quality “Market Research Reports” and “Business Intelligence Solutions” to global corporations, medium and small businesses. AMR has a targeted approach to provide its clients with business insights and consulting to help them make strategic business decisions and achieve sustainable growth in their respective market space.

Pawan Kumar, CEO, Allied Market Research, leads the company to provide high-quality data and insights. We have professional business relationships with various companies and this helps us in sourcing market data that helps us in creating accurate research data tables and confirms the utmost accuracy in our market forecasts. All the data presented in the reports published by us is acquired through primary interviews with top officials of leading companies in the concerned industry. Our methodology for sourcing secondary data includes extensive online and offline research and discussions with knowledgeable professionals and analysts of the industry.

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