Cash Logistics Market by Mode of Transit, Component, End-Use

List of Tables

[189 Pages Report] The Cash Logistics Market size was estimated at USD 19.01 billion in 2023 and expected to reach USD 20.32 billion in 2024, at a CAGR 6.80% to reach USD 30.14 billion by 2030.

Cash logistics management solutions allow financial institutions to track return and cash ordering information from/to various sources, including ATMs, retail branches, central banks, commercial customers, and external vaults. Cash logistics has taken a significant position in modern cash distribution from the central banks to the final consumers. It has laid down systematic supply chain channels between money generators, distributors, and final users. The market is driven by the increasing installation of ATMs & significant cash transactions and rising adoption by jewelry showrooms, shopping malls, and corporate offices. However, concerns associated with safety & security and risk associated with cash logistics can pose a challenge to product penetration in the market. Current government norms on cash logistics to enhance security may impede this progress moderately, given their complex structure. Additionally, the emergence of AI and IoT in cash logistics management presents various opportunities for businesses to expand their portfolio and increase profitability.

KEY MARKET STATISTICS
Base Year [2023]	USD 19.01 billion
Estimated Year [2024]	USD 20.32 billion
Forecast Year [2030]	USD 30.14 billion
CAGR (%)	6.80%

Component: Use of cash logistics for cash collection, pickup, and delivery services, which ensures the management, transportation, and protection of fund

Cash logistics software includes cash management solutions for maintaining records of branch-to-branch cash supply. ATM management solutions include advanced monitoring and multi-year cash forecasting analytics to predict the required timeline for replenishing ATMs. Financial institutions and end-users can enhance profitability by managing the currency supply chain more accurately with cash forecasting methods and remote cash handling device monitoring solutions. Cash logistics providers often provide integrated services for cash collection, pickup, and delivery services, which ensures the management, transportation, and protection of funds by eliminating risks and public exposure. With global regulations and guidelines of cash supply strengthening across countries, several market players have begun to offer cash security services that provide professional security during the collection and transport of your money to the bank. Cash-in-transit services include the physical transfer of banknotes and coins from one location to another. ATM replenishment services include cash loading and management services for high-volume areas.

Mode of Transit: Adoption of cash logistics in air transport for long-distance domestic and international cash transfers due to its speed and safety

Air transport is often preferred for long-distance domestic and international cash transfers due to its speed and safety. It enables faster delivery than other modes, making it ideal for urgent or high-value transactions. The security measures at airports also add an extra layer of protection during transit. Rail transport presents an economical alternative for bulk cash movements over long distances within a country or region, offering higher payload capacities than road transport while providing a lower carbon footprint than air transport. Its reliability in terms of punctuality ensures timely deliveries as per schedule. Road transport is the most widely used mode in the cash logistics industry due to its flexibility and accessibility, allowing for door-to-door service. It is generally preferred for short to medium distances and on routes where other modes of transport are not feasible. Armored vehicles equipped with GPS tracking and advanced security systems ensure the safety of cash during transit.

End-Use: Government agencies and retailers adopting cash logistics to improve customer experience

Financial institutions, including banks and insurance companies, require secure transportation of cash and other valuables. Cash logistics providers offer cash-in-transit, cash processing, ATM replenishment, and vault storage. Government agencies such as central banks and treasury departments require secure handling of currency notes, coins, and other valuable items, including passports, bonds, or ballots for elections. Cash logistics providers play a crucial role in facilitating the movement of these valuables between production facilities, storage vaults, and distribution points across the country. Retailers, such as supermarkets, convenience stores, and gas stations, require efficient cash management solutions to manage the daily influx of currency from sales. Cash logistics providers offer cash pick-up, transportation, sorting/counting, deposit preparation, and change order processing.

Regional Insights

The cash logistics market in the Americas is highly innovative, driven by market players constantly working with software companies to develop automated solutions for remote cash supply chain management. The U.S. and Canada, and South American countries have witnessed exponential growth in cash circulation with the rise of new ATMs, creating an increased need for secure cash logistics vans. The Asia-Pacfic region remains a major cash-dependant region, mainly across China, India, Singapore, and Australia, focusing on microfinancing activities. The proliferation of shopping malls and jewelry stores in local regions in the Asia-Pacific has observed a high penetration of cash transactions, creating an immense need for cash management services. European countries such as Germany and Denmark are building regulations and rules regarding secure cash transportation between cities and states. This has encouraged market players in the region to upgrade their safety solutions and cash security software for tracking alerts. Africa observes a high number of bank and retail clients for cash management services, especially across South Africa, Malawi, Tanzania, and Nigeria. Moreover, cash logistics is on the run to become fully automated in Africa, driven by the partnerships between regional market players and cash supply chain software providers.

FPNV Positioning Matrix

The FPNV Positioning Matrix is pivotal in evaluating the Cash Logistics Market. It offers a comprehensive assessment of vendors, examining key metrics related to Business Strategy and Product Satisfaction. This in-depth analysis empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The Market Share Analysis is a comprehensive tool that provides an insightful and in-depth examination of the current state of vendors in the Cash Logistics Market. By meticulously comparing and analyzing vendor contributions in terms of overall revenue, customer base, and other key metrics, we can offer companies a greater understanding of their performance and the challenges they face when competing for market share. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With this expanded level of detail, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Key Company Profiles

The report delves into recent significant developments in the Cash Logistics Market, highlighting leading vendors and their innovative profiles. These include AGS Transact Technologies Ltd., Arute Solutions YazIlIm A.S., AXIOM Armored, Brink's Incorporated, Cash Logistics Security AG, Certis Group, CMS Info Systems Limited, Diebold Nixdorf, Inc., Dista Technology Pvt. Ltd., Fiserv, Inc., G4S Limited, GardaWorld Security Corporation, Global Security Logistics Co., GSLS, Hitachi Channel Solutions, Corp., IBI International Logistics Inc., Kevlar Security Solutions Pty Ltd., Knightguard Protection Services Pty Ltd., Loomis AB, Mizuho Financial Group, Inc., Nucleus Software Exports Limited, PNC Financial Services Group, Inc, Prosegur Compania de Seguridad, S.A., Radiant Cash Management Services Ltd., Sectran Security, Inc., SecureCash by Cash Management Solutions Pty Ltd., SIS Limited, Sumitomo Mitsui Financial Group, Inc., and Writer Business Services Pvt. Ltd..

Market Segmentation & Coverage

This research report categorizes the Cash Logistics Market to forecast the revenues and analyze trends in each of the following sub-markets:

Mode of Transit
- Airways
- Railways
- Roadways

Component
- Services
  - Cash Collection
  - Cash Courier
  - Cash Delivery
  - Cash Pickup
  - Cash Security
  - Cash-In-Transit
  - ATM Replenishment Services

Software
- ATM Management Solutions
- Cash Forecasting & Optimization
- Retail Cash Handling Device Optimization

End-Use
- Financial Institutions
- Government Agencies
- Retailers

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

The report offers valuable insights on the following aspects:

1. Market Penetration: It presents comprehensive information on the market provided by key players.

2. Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.

3. Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.

4. Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.

5. Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.

The report addresses key questions such as:

1. What is the market size and forecast of the Cash Logistics Market?

2. Which products, segments, applications, and areas should one consider investing in over the forecast period in the Cash Logistics Market?

3. What are the technology trends and regulatory frameworks in the Cash Logistics Market?

4. What is the market share of the leading vendors in the Cash Logistics Market?

5. Which modes and strategic moves are suitable for entering the Cash Logistics Market?

Product Code: MRR-0D217D5AD9EC

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Significant cash transactions volume and increasing installation of ATMs
  - 5.1.1.2. Expanding banking services in rural areas
  - 5.1.1.3. Rising adoption by jewelry showrooms, shopping malls, and corporate offices
- 5.1.2. Restraints
  - 5.1.2.1. Risk associated with cash logistics
- 5.1.3. Opportunities
  - 5.1.3.1. The emergence of AI and IoT in cash logistics management
  - 5.1.3.2. Improvements in cash logistics supply chain visibility and transparency
- 5.1.4. Challenges
  - 5.1.4.1. Adoption of digital wallets and electronic payment methods
5.2. Market Segmentation Analysis
- 5.2.1. Component: Use of cash logistics for cash collection, pickup, and delivery services, which ensures the management, transportation, and protection of fund
- 5.2.2. Mode of Transit: Adoption of cash logistics in air transport for long-distance domestic and international cash transfers due to its speed and safety
- 5.2.3. End-Use: Government agencies and retailers adopting cash logistics to improve customer experience
5.3. Market Trend Analysis
- 5.3.1. Presence of robust cash logistics service providers and breakthrough advancements in cash-in-transit vehicles in the Americas region
- 5.3.2. Increased reliance on cash and well-established guidelines to accelerate the growth of cash logistics in the APAC region
- 5.3.3. Growth of the banking sector with an increasing number of ATMs and presence of well-established players in the EMEA region
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter's Five Forces Analysis
- 5.6.1. Threat of New Entrants
- 5.6.2. Threat of Substitutes
- 5.6.3. Bargaining Power of Customers
- 5.6.4. Bargaining Power of Suppliers
- 5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis

6. Cash Logistics Market, by Mode of Transit

6.1. Introduction
6.2. Airways
6.3. Railways
6.4. Roadways

7. Cash Logistics Market, by Component

7.1. Introduction
7.2. Services
7.3. Software

8. Cash Logistics Market, by End-Use

8.1. Introduction
8.2. Financial Institutions
8.3. Government Agencies
8.4. Retailers

9. Americas Cash Logistics Market

9.1. Introduction
9.2. Argentina
9.3. Brazil
9.4. Canada
9.5. Mexico
9.6. United States

10. Asia-Pacific Cash Logistics Market

10.1. Introduction
10.2. Australia
10.3. China
10.4. India
10.5. Indonesia
10.6. Japan
10.7. Malaysia
10.8. Philippines
10.9. Singapore
10.10. South Korea
10.11. Taiwan
10.12. Thailand
10.13. Vietnam

11. Europe, Middle East & Africa Cash Logistics Market

11.1. Introduction
11.2. Denmark
11.3. Egypt
11.4. Finland
11.5. France
11.6. Germany
11.7. Israel
11.8. Italy
11.9. Netherlands
11.10. Nigeria
11.11. Norway
11.12. Poland
11.13. Qatar
11.14. Russia
11.15. Saudi Arabia
11.16. South Africa
11.17. Spain
11.18. Sweden
11.19. Switzerland
11.20. Turkey
11.21. United Arab Emirates
11.22. United Kingdom

12. Competitive Landscape

12.1. Market Share Analysis, 2023
12.2. FPNV Positioning Matrix, 2023
12.3. Competitive Scenario Analysis
- 12.3.1. Hitachi Payments to acquire Writer's cash management business
- 12.3.2. Banks planned to install 17,000 ATMs, CRMs
- 12.3.3. AGS Transact Technologies Limited Wins Order For 8,000+ ATMs/ CRMs In Q3FY23
- 12.3.4. Hitachi unit tripled India ATM output with new factory
- 12.3.5. Reliance Retail acquired METRO 'Cash & Carry' for Rs. 2,850 crores.
- 12.3.6. Cash-logistics company Radiant Cash Management raised Rs.116 crore from anchor investors
- 12.3.7. ICICI Pru MF Launches Transportation And Logistics Fund Today, NFO Closes October 20
- 12.3.8. Raiffeisen Bank International signed a partnership agreement with FinLync
- 12.3.9. Kyriba Launched AI-Driven Cash Management
- 12.3.10. Prosegur Cash and Armaguard Group announce merger deal agreement to create a sustainable and secure Australian cash in transit business
- 12.3.11. Hyosung America Launched Four New Products Set to Empower Cash Management and Enable Cash-to-Digital Experiences
- 12.3.12. Transguard Group and GardaWorld Federal Services announced joint venture
- 12.3.13. SIS acquired additional 49.99% stake in Terminix SIS India
- 12.3.14. Mizuho Bank launched Japan's First Sustainable Supply Chain Finance (SSCF)
- 12.3.15. GardaWorld launched Sesami Cash Management Technologies
- 12.3.16. Ascent Capital-backed Radiant Cash Management Services gets Sebi nod for IPO
- 12.3.17. Loomis acquired SecurePost, the cash handling business of the Swiss Post Group

13. Competitive Portfolio

13.1. Key Company Profiles
13.2. Key Product Portfolio