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Global Cash Logistics Market Outlook to 2023

By Region (North America, APAC, Europe, and Latin America Middle East and Africa) and Service (Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Services – Cash Processing, Counting, Sorting, Packing and Transportation of Valuables and Bullion

Region:Asia

Author(s):Veturi Sundara Karthik

Product Code:KR929

Download Sample Report
Published On

December 2019

Total pages

180

About the Report

The report titled “Global Cash Logistics Market Outlook to 2023 – By Region (North America, APAC, Europe, and Latin America Middle East and Africa) and Service (Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Services – Cash Processing, Counting, Sorting, Packing and Transportation of Valuables and Bullion)” provides a comprehensive analysis on the historical and future analysis of the cash logistics industry globally. The report covers various aspects such as market overview and genesis, value chain analysis, industry cycle, market segmentation by region (North America, Europe, Asia Pacific and Latin America, Middle East and Africa) and service (Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Services such as Cash Processing, Vaulting, Sorting, Packing, Transportation of Bullion and valuable Assets), profiles of major countries (US, Brazil, France, UK, Germany, India, Australia, Indonesia, Spain and Saudi Arabia) in terms of number of ATMs, competition scenario in those countries including Market share in terms of revenue and number of ATMs managed, business model for ATM management, cross comparison of companies on the basis of Number of ATMs managed, Name of Cash Machines Sold, Annual Revenue and Number of Cash Vans, ATM withdrawal and cash circulation scenario. The report concludes with future projections in the global market size and analyst recommendations.

Global Cash Logistics Market Revenue
 

Global Cash Logistics Market Overview and Size

The growth in global cash logistics market has been driven by the first wave of outsourcing of cash management services by banks, financial institutions and retail end users. The growth in ATMs worldwide, especially in developed economies to bring more people under the banking system has been the major growth drivers. The growth in retail end user segment has been driven by the need for cash automation services. This has forced cash logistics companies to shift away from traditional cash services to smart cash devices to automate retail front and back end cash operations.
 

Global Cash Logistics Market Segmentation

By Service (Cash-in-Transit, Cash Replenishment, Retail Cash Management and Other Cash Management Services): Cash in Transit service segment has traditionally been a cash cow for cash logistics companies are circulation of cash has been steadily growing. The growth in number of ATMs has contributed to the growth in the Cash Replenishment Service, which also complements the growth in Cash in Transit Services. The rise of digital payments in recent years has dampened the profitability from these services due to rising costs associated with handling of cash. Companies have invested in new technology based products and services that have given rise to Smart Cash machines that automate the cash cycle and adopt the use of digital technology.

By Region (North America, APAC, Europe and LAMEA): The North American Cash Logistics market held the highest share in the global market and grew at a CAGR of 3.6% in terms of revenue for the review period 2013-2018. The growth was driven by rise in ATMs deployed by Independent Operators such as Cardtronics, which led to increased outsourcing revenue for cash logistics companies.

The European region market size in terms of revenues earned by cash logistics companies grew at a CAGR of nearly 3.0% for the review period 2013-2018. The growth was driven by introduction of high value services that included automating cash cycle for retailers, improving cost efficiency through operational  restructuring and increased outsourcing by banks and retailers. France and UK were the leading regions during 2013-2018 in terms of market size by revenue, occupying more than half of the regional market share.

The APAC region was second largest on the back of increased ATMs by IADs which led to greater outsourcing. China, India and Indonesia were the leading countries in terms of revenue in the APAC region during the year 2018. The entry of international companies by way of strategic tie-ups increased the competition in this region.

The Latin America, Middle East and Africa region was the fastest growing region due to the nascent state of the market. Brazil, with the highest revenue in the region, saw an increase in ATM outsourcing, followed by Saudi Arabia and South Africa.
 

Country Profiles

United States was the largest market in terms of revenue during the review period 2013-2018, growing at a CAGR of 8.0% for the review period 2013-2018. The majority of ATMs deployed in the country belong to non-bank entities, and management of these ATMs for CIT and cash replenishment is outsourced completely. The region also saw growth in sales of automated cash machines as retailers’ demand for cash automation rose.

Brazil’s Cash Logistics market grew at a CAGR of 0.9% from 2013-2018; however the country’s revenue was the second highest in the American region. The country has the highest number of ATMs deployed in Latin America. Half of all retail payments were made in cash, which drove the cash management for retail end users.

France is the largest market for cash logistics in Europe. The market size in terms of revenue declined marginally at a CAGR of 0.4% during 2013-2018. The competition in the region saw consolidation during the period as costs associated with cash in transit and cash replenishment were rising for companies.

United Kingdom’s Cash Logistics market in terms of revenue grew at a CAGR of 4.6% from 2013-2018. The region’s market share is the second highest in Europe, while the number of ATMs deployed is highest in Europe. The trend of cash usage is declining in the region as both value and volume of ATM withdrawals declined during 2013-2018.

Germany’s cash logistics market was the fastest growing cash logistics market in terms of revenue, at a CAGR of 7.6% for the review period 2013-2018. The region saw consolidation as a way of market entry as well to increase market share.

India’s cash logistics market was the fastest growing market in terms of revenue in APAC region, growing at a CAGR of 16.5% for the review period 2013-2018. The main drivers for rise in ATM deployment drop in surcharge fees due to government regulations and increase in outsourcing and number of companies operating in the country.

Australia cash logistics market in terms of revenue grew at a CAGR of 6.8% from 2013-2018. The region witnessed increased outsourcing from banks such as Westpac, which sold a major portion its ATM fleet, to be operated as White Label ATM. The country is expected to encourage the formation of a common ATM utility provider.

Indonesia Cash Logistics Market has witnessed growth due to an increase in number of ATMs, fall in the prices charged by managed service providers, surge in initiatives taken by Bank Indonesia to promote financial inclusion across the country. The market in terms of revenue grew at a CAGR of 6.3% for the period 2013-2018.

Spain’s cash logistics market in terms of revenue grew at a CAGR of 7.7% for 2013-2018. The number of ATMs in the region witnessed a steady drop from 2013-2018. As most of the ATMs are at off-site location, the degree of outsourcing by banks has been large. The competition in the region is concentrated between three companies.
 

Global Cash Logistics Market Competition Scenario

The competition in the global cash logistics market was observed to be moderately fragmented among 4 players who hold a majority share for the period 2013-2018. The market was observed to have more than 500 players operating, with just 4 companies operating globally. While companies compete on basis of traditional cash handling services, the rise of the digital technology has shifted their efforts towards automating their services and employing more technology. With traditional services suffering from declining margins, consolidation has begun and is growing among the top companies. The need for Consolidation is driven by the need for companies to enter new markets, increase market share in existing markets, and diversify product and service portfolios to accommodate technology based offerings.
 

Global Cash Logistics Market Future Outlook and Projections

The global cash logistics market in terms of revenue is forecasted to grow at a CAGR of 9.0% from 2018-2023. Growth is expected to be driven by the shift from traditional CIT services to high value services enabling cash automation and sales of cash machines. Companies providing cash logistics services are expected to expand their service portfolios to provide end-to-end management of ATM fleets, as the next wave of outsourcing is set to take shape in emerging economies. The shift to digital payment methods is expected to reduce the footprint of banks, cash usage and cash sales for retailers among others. The APAC region is the fastest growing market and is further expected to grow at a CAGR of 7.3% from 2018-2023, and is expected to be the second highest region within terms of revenue. The LAMEA region, due to the nascent stage of market is expected to grow at a CAGR of 13.6%, while the European region is forecasted to grow at a forecasted CAGR of 4.1% from 2018-2023, driven by further consolidation in the market. Lastly, North American region is forecasted to lead the introduction of high value services for retail end users and bank automation, and is forecasted to grow at a CAGR of 7.9% in terms of revenue from 2018-2023.
 

Key Topics Covered in the Report

  • Global Cash Logistics Market Value Chain Analysis
  • Global Cash Logistics Market Overview
  • Global Cash Logistics Market Trends
  • Global Cash Logistics Market Challenges
  • Global Cash Logistics Future Projections
  • Global Cash Logistics Market Segmentation by Region
  • Global Cash Logistics Market Segmentation by Service
  • Competition Analysis of Global Cash Logistics Companies
  • Country Profiles – United States, Brazil, France, United Kingdom, Germany, India, Australia, Indonesia, Saudi Arabia, Spain

Products

Key Target Audience

  • Existing Cash Logistics Companies
  • Investors and Venture Capital Firms
  • Technology Based Startups
  • Banking and Financial Institutions
  • Government Entities
  • ATM Managed Services Companies
  • ATM Supply Companies
  • Retail Stores

Time Period Captured in the Report:

  • Historical Period: 2013 -2018
  • Forecast Period: 2019-2023

Companies

Key Segments Covered

By Region

  • North America
  • Europe
  • APAC
  • Latin America, Middle East and Africa

By Service

  • Cash in Transit
  • Cash Replenishment
  • Retail Cash ManagementOther Cash Services – Cash Processing, Counting, Sorting, Packaging

By Countries Covered

  • United States of America
  • Brazil
  • France
  • United Kingdom
  • Germany
  • India
  • Australia
  • Indonesia
  • Spain
  • Saudi Arabia
 
Companies Covered:
 
  • Global
  • Brink’s, Loomis, Prosegur, G4S
  • France
  • Temis
  • Germany
  • Ziemann, Kotter
  • Spain
  • Trablisa
  • Australia
  • Armaguard
  • United States
  • Dunbar
  • Brazil
  • Rodoban, Protégé, TB Forte
  • India
  • CMS Infosystem, Writer Safeguard, Securevalue, Logicash, Radiant Cash
  • Saudi Arabia
  • ABANA, AlHamrani
  • Indonesia
  • ABACUS, SSI, Kejar, Advantage, APSG

Table of Contents

1. Executive Summary

1.1 Global Cash Logistics Market Overview

1.2 Global Cash Logistics Market Segmentation by Service

1.3 Global Cash Logistics Market Segmentation by Region

1.4 Global Cash Logistics Market Competition Scenario

1.5 Global Cash Logistics Market Future Analysis

2. Research Methodology

2.1. Market Definitions

2.2. Abbreviations

2.3. Market Sizing and Modeling

Research Methodology

Approach – Market Sizing

Limitations

Market Sizing – Global Cash Logistics Market

Country Approach - Correlation Matrix: Macroeconomic Variables (Dependent and Independent Variables), Conclusion, Regression Matrix

2.3.1. Germany

2.3.2. Spain

2.3.3. United States

2.3.4. United Kingdom

2.3.5. France

2.3.6. India

2.3.7. Australia

2.3.8. Brazil

2.3.9. Saudi Arabia

2.3.10. Indonesia

3. Market Overview and Genesis

3.1Market Stage

3.2Product and Service Diversification

3.3Consolidation in Developed Markets

3.4Industry Life Cycle Analysis

3.5Timeline of Major Companies

4. Value Chain Analysis - Flow Chart

Challenges faced by the Entities

5. Market Size, 2013-2018

5.1. By Revenue, 2013-2018

6. Market Segmentation, 2013-2018

6.1. By Region, 2013-2018

North America

APAC

Europe

LAMEA

6.2. By Service, 2018

Cash in Transit

Cash Replenishment

Retail Cash Management

Other Cash Solutions - Cash Processing, Counting, Sorting and Packaging

7. Competition Scenario

Market Share by Revenue

Cross Comparison by Inception Year, Annual Revenue, Number of Employees, Number of ATMs Managed, Number of Vehicles, Number of Branches and Countries Present

8. Company Profiles of Major Companies

(Introduction, Future Strategies, Operating Indicators, Recent Developments, Financial Matrix and Service Portfolio including Service Segment, Services and Revenue Matrix)

8.1. Brink’s Company

8.2. Loomis AB

8.3. Prosegur Cash

8.4. G4S

9. Country Profiles

9.1. Germany Cash Logistics Market

9.1.1. Market Overview and Size by Revenue, 2013-2018

including ATM Managed Services Market Business Model: On-Site, Off-Site and White Label ATMs)

9.1.2. Market Segmentation

By Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Solutions, 2018

By Bank and Non-Bank, 2018

9.1.3. Competition Scenario

Strength and Weakness of Major Players - Prosegur, Ziemann, Koetter, Others

Cross Comparison of Major Players by Revenue, ATMs Managed, Armored Fleet Size, Employees, Active Regions

Market Share of Major Players by Revenue, 2018

9.1.4. Number of Onsite, Offsite, Independent ATMs, ATM Withdrawal Volume & Value & Cash Circulation Scenario, 2014-2018

9.1.5. Regulatory Framework

License Requirements, Competent Authority, Mandatory Requirements, Specific Requirements and Powers and Responsibilities

9.1.6. Future Projections and Trends, 2019-2023

9.2 Spain Cash Logistics Market, 2013-2023

9.2.1 Market Overview and Size by Revenue, 2013-2018

(including ATM Managed Services Market Business Model: On-Site, Off-Site and White Label ATMs)

9.2.2  Market Segmentation

By Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Solutions, 2018

9.2.3 Competition Scenario

Strength and Weakness of Major Players - Prosegur, Loomis, Trablisa

Cross Comparison of Major Players by Revenue, ATMs Managed, Armored Fleet Size, Employees, Active Regions

Market Share of Major Players by Revenue, 2018

9.2.4 ATM Withdrawal and Cash Circulation Scenario

Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2014-2018

9.2.5 Regulatory Framework

License Requirements, Competent Authority, Mandatory Requirements, Specific Requirements and Recirculation of Banknotes

9.2.6 Future Outlook and Projections by Revenue, 2019-2023

9.3.United States Cash Logistics Market, 2013-2023

9.3.1 Market Overview and Size by Revenue, 2013-2018

(Including ATM Managed Services Business Model: Number of Off-Site and On-Site ATMs, and White Label ATMs)

9.3.2 Market Segmentation

By Banking CIT and Cash Replenishment, Retail Cash Management, Other Cash Services, 2018

9.3.3  Competition Scenario

Strength and Weakness of Major Players - Loomis, Brink's Garda, Dunbar

Cross Comparison of Major Players by Revenue, ATMs Managed, Armored Fleet Size, Employees, Active Regions

Market Share of Major Players by Revenue, 2018

9.3.4  ATM Withdrawal and Cash Circulation Scenario, 2014-2018

Including Value and Volume of ATM Withdrawals and Cash in Circulation to GDP in Percentage, 2014-2018

9.3.5 Regulatory Framework

Including Rules for Bank Operated ATMs, Rules for Non-Bank Operated ATMs and Cash Transportation

9.3.6 Future Outlook and Projections by Revenue, 2019F-2023F

9.4.United Kingdom Cash Logistics Market, 2015-2023

 9.4.1 Market Overview and Size by Revenue, 2015-2018

Including ATM Managed Services Business Models including Outsourced and White Label ATMs

9.4.2  Market Segmentation

By Cash in Transit, Cash Replenishment, Retail Cash Management and Other       Cash Solutions, 2018

9.4.3 Competition Scenario

Strengths and Weaknesses of Major Players: G4S, Prosegur, Loomi

Cross Comparison of Major Players by Revenue, ATMs Managed, Armored Fleet Size, Cash Machine Name, Number of Employees, Regions Active and Clientele, 2018

Market Share of Major Players by Revenue, 2018

9.4.4  ATM Withdrawal and Cash Circulation Scenario, 2013-2018

Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2013-2018

9.4.5 Regulatory Framework

Licensing Requirements, Wage Requirements, Competent Authority and Relevant Law, Scope of Legislation and Business Regulation

9.4.6 Future Outlook Projections by Revenue, 2019-2023

9.5. France Cash Logistics Market, 2015-2023

9.5.1 Market Overview and Size by Revenue, 2015-2018

(Including Managed Services Market Business Models including On-Site, Off-Site)

9.5.2  Market Segmentation

Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Solutions, 2018

9.5.3 Competition Scenario Strengths and Weaknesses of Major Players: Brink's, Loomis

Market Share of Major Players by Revenue, 2018

9.5.4 ATM Withdrawal and Cash Circulation Statistics, 2014-2018

Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2014-2018

9.5.5 Regulatory Framework

Licensing Requirements, Competent Authority and Relevant Law, Wage Requirements and Working Hours and Scope of Legislation

9.5.6  Future Outlook and Projections, 2019F-2023F

9.6.   India Cash Logistics Market, 2013-2023

9.6.1 Market Overview and Size by Revenue, 2013-2018

9.6.2 Market Segmentation

ATM Replenishment, Cash in Transit, Retail Cash Management and Other Services, 2017-2018

9.6.3 Competition Scenario

Strengths and Weaknesses of Major Players: CMS Infosystems, SIS Prosegur, Brink's Arya, Writer Safeguard, Securevalue, RadiantCash, Logicash, Cross Comparison Number of ATMs, Retail Touch Points, Number of Branch Offices, Employees, Cash Vans and Market Share in Number of ATMs Serviced

Market Share of Major Players by Revenue, 2018

9.6.4  ATM Withdrawal and Cash Circulation Scenario

Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2014-2018

9.6.5 Regulatory Framework

White Label ATMs, Net Worth Requirements, Replenishment Restrictions and CIT Regulations

9.6.6 Future Outlook and Projections, 2019-2023

9.7. Australia Cash Logistics Market, 2014-2023

9.7.1 Market Overview and Size by Revenue, 2014-2018 (Including Business Model for ATM Cash Replenishment and Outsourced ATMs)

9.7.2 Market Segmentation, 2018

By Cash in Transit, Cash Replenishment, Retail Cash Management and Other Cash Services, 2018

9.7.3 Competition Scenario, 2018

Strengths and Weaknesses of Major Players: Armaguard, Prosegur; Cross Comparison Number of ATMs, Number of Branch Offices, Employees, Market Share in Number of ATMs Serviced and Annual Revenue

Market Share of Major Players by Revenue, 2018

9.7.3 ATM Withdrawal and Cash Scenario, 2014-2018

Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2014-2018

9.7.4 Regulatory Framework

Relevant Laws and Risk Management Process

9.7.5  Future Outlook and Projections, 2019-2023

9.8.  Brazil Cash Logistics Market, 2015-2023

9.8.1 Market Overview and Size by Revenue, 2013-2018

9.8.2 Competition Scenario, 2018

Cross Comparison of Major Players including Prosegur, Brink’s, Protégé, Rodoban and TB Forte on the Basis of Number of Cash Vans, Revenue in USD Million for 2018, Regions Active and Number of Employees

Market Share of Major Players by Revenue, 2018

9.8.3 ATM Withdrawal and Cash Circulation Scenario, 2014-2018

Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2014-2018

9.8.4 Regulatory Framework

Competent Authority, Relevant Laws and Requirements

9.8.5 Future Outlook and Projections by Revenue, 2019-2023

9.9.    Indonesia Cash Logistics Market, 2013-2023

9.9.1 Market Overview and Size by Revenue, 2013-2018

(including ATM Managed Services Market Business Model: On-Site, Off-Site and White Label ATMs)

9.9.2  Market Segmentation CIT and Cash Replenishment, Retail Cash Solutions and other services, 2018

9.9.3 Competition Scenario, 2018

Strengths and Weaknesses of Major Players: SSI, Bringing Gigantara, Advantage, G4S, Kejar, TAG, Abacus; Market Share in terms of Number of ATMs Managed

Market Share of Major Players by Number of ATMs Managed, 2018

9.9.4  ATM Withdrawal and Cash Scenario, 2013-2018

Number of ATMs, Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2013-2018

9.9.5 Regulatory Framework

License Required for Cash Replenishment, MOU between Bank Indonesia & Police Commissioner General, Branchless Banking & Key Parameters for Foreign Investors

9.9.6 Future Projections and Outlook by Revenue, 2019-2023

9.10.  Saudi Arabia Cash Logistics Market, 2013-2023

 9.10.1  Market Overview and Size by Revenue, 2013-2018

(Including ATM Managed Services Market Business Model: On-Site, Off-Site and White Label ATMs)

9.10.2 Market Segmentation, 2018

Cash replenishment and FLM, Cash in Transit and Other Cash Services

9.10.3 Competition Scenario, 2018

Strengths and Weaknesses of Major Players: Hamrani, NCR, Hyosung, GRG Baning, Abana, AMNCO, Abu-Sarhad, G4S Almajal, Sanid & Hemaia Group; Heat Map on the basis of ATM Equipment Supply, Maintenance of ATM, Site Monitoring and Maintenance, ATM Replenishment, FLM and CIT

Market Share of Major Players by Number of ATMs Managed, 2018

9.10.4 ATM Withdrawal and Cash Circulation Scenario, 2014-2018

Number of ATMs, Value and Volume of ATM Withdrawals, and Cash in Circulation to GDP Percentage, 2014-2018

9.10.5 Regulatory Framework

SAMA’s role in banking Industry, SPAN, ATM Membership, E-banking Regulations and Incentives for Foreign Investors

9.10.6 Future Outlook and Projections , 2019-2023

10. Trends and Developments

Increase in Number of ATMs

introduction of Advanced ATM Machines

Increasing White Label ATM Penetration

Consolidation in Cash Logistics Industry

Digitization in Banking & ATM Industry

Increase in Bank Branches & Debit Card Penetration

11. Issues and Challenges

Rise of Digital Payment

Branch Closures and Rise of Internet Banking

Decline in Number of Free Transactions at ATMs

Lack of Network Infrastructure

Declining Margins

Theft and Robberies

12.  Global Cash Logistics Market Future Outlook and Projections, 2019-2023 By Revenue, 2019-2023

13. Analyst Recommendations

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