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Cash Logistics Market by 2025: A $30.7 Billion Industry, Says Report

06-04-2019 07:30 PM CET | Logistics & Transport

Press release from: Allied Market Research

Cash Logistics Market by 2025: A $30.7 Billion Industry, Says

The surge in cash circulation, an increase in the number of ATMs and a rise in demand for safe & vault for cash management drive the growth of the global cash logistics market.

The global cash logistics market garnered $16.5 billion in 2017 and is expected to reach $30.7 billion by 2025, registering a CAGR of 7.8% from 2018 to 2025.

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Increase in cash transactions, surge in presence of ATMs, and growth in demand for safe & vault for managing cash drive the growth of the global cash logistics market. However, increase in adoption of digital payments and rise in cash-in-transit robberies restrain the market growth. On the other hand, increase in demand for cash from emerging economies and surge in manufacturing of fully automated cash-in-transit vehicles would create new opportunities to the market.

Asia-Pacific is expected to grow at the highest CAGR of 10.3% from 2018 to 2025, owing to expansion of banking facilities in emerging economies such as India, China, and others and increase in cash circulation. However, LAMEA accounted for nearly three-tenths of the total market share in 2017 and would maintain its lion's share through 2025 due to increase in demand for cash flow and high security threat for transportation of cash.

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The key players analyzed in the report include The Brink's Company, CMS Info Systems Ltd., Cash Logistics Security AG, Garda World Security Corporation, G4S Plc., GSLS, Lemuir Group, Global Security Logistics Co., Loomis, and Prosegur Cash, S.A.

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Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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