Procurement Resource Thumbnail Book Image

Global Cash-In-Transit Services Industry Report: Country Overview; Recent Events; Value Chain Analysis; Price Analysis; Market Dynamics: Drivers & Constraints, Industry Events, Innovations & Trends, SWOT Analysis, Porter’s Five Forces; Industry Best Practices: Sourcing Strategy, Procurement Model, Contract Structure, Negotiation Levers, Pricing Model, Key Factors Influencing the Quotation; Key Supplier Analysis, 2022-2027

Cash-In-Transit Services Industry Report by Regional Category Spend, Price Analysis, Key Demand, Price Indicators, and Best Buying Practices


The global cash-in-transit services market reached a value of about USD 18.72 billion in 2021. The industry is projected to grow at a CAGR of around 3.8% in the forecast period of 2022-2027 to reach a value of USD 23.34 billion by 2027.

The cash-in-transit services industry report comprehensively analyses the industry, including key segments, trends, drivers, restraints, the competitive landscape, and other essential market aspects. It is anticipated that the industry growth in the emerging economies will surpass the development in the global market since they are expected to have a growth rate three times more than in Europe and North America.

The key demand indicator in the industry report is the highest category spender by region — Asia Pacific.

Industry Definition and Segmentation

Cash-in-transit (CIT), also called cash/valuables in transit (CVIT), implies the physical shifting of money, which includes banknotes, coins, credit cards, and other items of value from one destination to another. It mainly manages, transfers, and safeguards the assets and finances by eradicating menaces and public exposure. These organisations that are dedicated to the transporting and processing of cash, move cash to locations such as cash centers and banks, ATM points, big retailers, and other premises. The global cash-in-transit services industry report comprises segments based on its end-use (academic institutions, BFSI, hospitals, government organisations, retail, and others) and regions (North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa).

The Asia Pacific and European Regions are Driving the Growth of the Industry

The Asia Pacific region is leading the cash-in-transit services market. The industry is growing at a faster rate in China and India owing to the rise of the ATM market. In addition, in the emerging market of the Asia Pacific such as South Korea, Australia, and Japan, cash-in-transit services are properly established. The European region holds the second biggest market in the industry. Europe has a high maturity market because of the strong presence of global players in the region, providing a wide range of product services, offering CIT services with cash management and ATM maintenance services as a package. The major driver propelling the global cash-in-transit services market is the rising number of ATM installations, stringent banking guidelines, and growing crime rates. The major consumers of the services comprise banks, financial institutions, large retailers, and governments.

On the other hand, there has been a rise in the occurrences of cash-in-transit vehicle robberies, and the acceptance of digital money may hinder the development of the market at some level. Nonetheless, the advent of fully automated cash-in-transit transportation is projected to generate beneficial prospects in the industry.

Best Procurement Practices

The global cash-in-transit services industry report by Procurement Resource gives an in-depth analysis of the best buying practices followed by cash-in-transit services providing and utilising regions across the globe, such as contract terms, engagement models, and buyer and supplier negotiation levers, among others.

Category Management Studies

A large number of cash-in-transit organisations are private security organisations that provide cash handling as part of their services. The CIT companies by law come under logistics segment of companies in the private security industry and hence need to abide by the transport and security legislation. The industry is governed by national, regional, and local laws, social regulations, and existing practices. Laws and rules can enforce conditions and limitations on the use of firearms, types of vehicles, a bare minimum number of crew members, and the use of intelligent banknote neutralisation systems. CIT services can be conducted in soft-skinned, semi-armoured, or armoured vehicles.

Increased Crime Rates and Robust Growth of ATM Installation in the Developing Region to Further Drive the Market

The high crime rates have resulted in the rising demand for specialist service providers across the globe. This has become the major driver for the growth of global cash-in-transit services. Moreover, these professionals serve the other end-use industries with cash handling services and firmly perform the transaction services with accuracy. There is a continuous technology implementation by the professional service providers while delivering services to their client companies for instance CIT Tracker, a tool hidden secretly during the cash transit process that notifies the security personnel when a theft happens. Moreover, the cash-in-transit services market is also bolstered by the vigorous growth of ATM installation in emerging regions such as the rise in the growth rate of ATM installation in the Asia Pacific region is anticipated to increase in the upcoming years, providing momentum to the market.

The major zones in the industry are North America, Europe, the Asia Pacific, Latin America,  and the Middle East and Africa.

Key Industry Players Mentioned in the Cash-In-Transit Services Industry Report

  • The Brink's Company
  • Prosegur Cash Company
  • Loomis Armored US, LLC
  • G4S
  • Gardaworld Corporation
  • Linfox Armaguard Pty, Ltd.

Market Landscape

Due to the growth in the circulation of money in the economy has resulted in the rise of the need for cash-in-transit services. The utilisation of the specialised services helps in efficient cash management, less time consumption and chance of errors, and effective cash flow. The prominent customers of the services comprise banks, financial institutions, large retailers, and governments.

Key Initiatives by Companies

  • In December 2021, The Brink's Company introduced the company’s innovative digital cash payment solutions. This will help in the cash management industry by providing a step forward in value to a huge addressable market of retailers that are presently underserved or not attended at all by the company.
  • G4S uses a new technology which is a cutting-edge glue cash deprivation system in its cash containers to combat cash-in-transit crime in the UK. This will safeguard from attacks on any G4S cashbox in transition to its point of delivery specifically during its operations in the London area.

1.    Executive Summary
2.    Australia Cash in Transit Market Snapshot

    2.1.    Cash in Transit Market Outlook
    2.2.    Country Overview
        2.2.1.    New South Wales
        2.2.2.    Queensland
        2.2.3.    South Australia
        2.2.4.    Others
3.    Impact of Recent Events 
4.    Cash in Transit Value Chain Analysis 
5.    Major Risk Factors in Sourcing
6.    Cash in Transit Price Analysis 
7.    Key Demand Indicator Analysis
8.    Key Price Indicator Analysis
9.    Cash in Transit Market Dynamics

    9.1.    Drivers & Constraints
    9.2.    Industry Events 
    9.3.    Innovations & Trends
    9.4.    SWOT Analysis
    9.5.    Porter’s Five Forces
        9.5.1.    Buyer Power
        9.5.2.    Supplier Power
        9.5.3.    Threat of New entrants
        9.5.4.    Threat of Substitutes
        9.5.5.    Industry Rivalry
10.    Industry Best Practices
    10.1.    Sourcing Strategy
    10.2.    Procurement Model
    10.3.    Contract Structure
    10.4.    Negotiation Levers
    10.5.    Pricing Model
    10.6.    Key Factors Influencing the Quotation 
11.    Key Supplier Analysis
    11.1.    Linfox Armaguard Pty Ltd.
    11.2.    Cash in Transit Solutions Pty Ltd (SecureCash)
    11.3.    Wilson Security
    11.4.    Southern Cross Protection Group
    11.5.    ARA Security

Request Sample
Key Questions Answered in the Report

In 2021, the global attained a value of around USD 18.72 billion in 2021.

In the forecast period of 2022-2027, the market is projected to grow at a CAGR of 3.8%.

The major market drivers are the rise in the crime rate and growth in the installation of ATMs in developing regions.

The major regions in the industry are North America, Europe, Latin America, the Asia Pacific, and the Middle East and Africa.

Some of the leading players in the industry are The Brink's Company, Prosegur Cash Company, Loomis Armored US, LLC, G4S, Gardaworld Corporation, and Linfox Armaguard Pty, Ltd. are some of the primary players in the market.

Analyst Review

The global cash-in-transit services market reached a value of about USD 18.72 billion in 2021 and is projected to grow at a CAGR of around 3.8% in the forecast period of 2022-2027. Cash-in-transit services organisations are dedicated to the transporting and processing of cash, move cash to locations such as cash centers and banks, ATM points, big retailers, and other premises. The global cash-in-transit services industry report comprises segments based on its end-use industries and regions. The Asia Pacific region is leading the cash-in-transit services market. The industry is growing at a faster rate in China and India owing to the rise of the ATM market. The major driver propelling the global cash-in-transit services market is the rising number of ATM installations, stringent banking guidelines, and growing crime rates. Some of the leading players in the industry are The Brink's Company, Prosegur Cash Company, Loomis Armored US, LLC, G4S, Gardaworld Corporation, and Linfox Armaguard Pty, Ltd. are some of the primary players in the market.

Procurement Resources’ detailed research approach explores deep into the industry, encompassing the macro and micro aspects of the industry. Its team of experts uses a combination of cutting-edge analytical tools and their expertise thus, delivering its customers with market insights that are accurate, actionable, and help them remain ahead of their competition. Some of the leading players in the industry are Epiroc AB, Sandvik AB, Caterpillar Inc., Komatsu Ltd., Liebherr-International Deutschland GmbH, and Hitachi Construction Machinery Co, Ltd.

Compare test & Choose the Right Report Version for You

Why Procurement Resource?

RIGHT PEOPLE

At Procurement Resource our analysts are selected after they are assessed thoroughly on having required qualities so that they can work effectively and productively and are able to execute projects based on the expectations shared by our clients. Our team is hence, technically exceptional, strategic, pragmatic, well experienced and competent.

RIGHT METHODOLOGY

We understand the cruciality of high-quality assessments that are important for our clients to take timely decisions and plan strategically. We have been continuously upgrading our tools and resources over the past years to become useful partners for our clientele. Our research methods are supported by most recent technology, our trusted and verified databases that are modified as per the needs help us serve our clients effectively every time and puts them ahead of their competitors.

RIGHT PRICE

Our team provides a detailed, high quality and deeply researched evaluations in competitive prices, that are unmatchable, and demonstrates our understanding of our client’s resource composition. These reports support our clientele make important procurement and supply chains choices that further helps them to place themselves ahead of their counterparts. We also offer attractive discounts or rebates on our forth coming reports.

RIGHT SUPPORT

Our vision is to enable our clients with superior quality market assessment and actionable evaluations to assist them with taking timely and right decisions. We are always ready to deliver our clients with maximum results by delivering them with customised suggestions to meet their exact needs within the specified timeline and help them understand the market dynamics in a better way.

Similar Reports
Global Artificial Intelligence Industry Report: Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global Artificial Intelligence market reached a value of about USD 192 Billion in 2021. The industry is projected to grow at a CAGR of around 23% in the forecast period of 2022-2027 to reach a value of about USD 664.86 Billion by 2027.

Read More
Global Nutmeg Industry Report: Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global nutmeg market reached a value of about 130 thousand tonnes in 2021. The industry is further expected to grow at a CAGR of about 6% in the forecast period of 2022-2027 to reach a value of around 180 thousand tonnes by 2027.

Read More
Global HEOR Service Industry Report: Analysis and Forecast 2022-2027

Email Delivery   Price: $ 999.00

The global HEOR market reached a value of about USD 1364.3 million in 2021. The industry is further expected to grow at a CAGR of about 12.81% in the forecast period of 2022-2027 to reach a value of around USD 2779.2 million by 2027.

Read More

NEWSLETTER

Get latest News About Procurement Resource
Subscribe for news