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 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 Segments Covered
By Region
North America
Europe
APAC
Latin America,
Middle East and Africa
By Service
Cash in Transit
Cash Replenishment
Retail Cash
Management
Other 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
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 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
Al Hamrani
Indonesia
ABACUS
SSI
Kejar
Advantage
APSG
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
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