Report Overview

2023

Base Year

2018-2023

Historical Year

2024-2032

Forecast Year

Global Cash in Transit Services Market Outlook

The global cash in transit services market reached a value of almost USD 24.69 billion in 2023. The cash in transit services industry is further expected to grow at a CAGR of 8% between 2024 and 2032 to reach a value of almost USD 49.36 billion by 2032.

Global Cash in Transit Services Market Report Summary Description Value
Base Year USD Billion 2023
Historical Period USD Billion 2018-2023
Forecast Period USD Billion 2024-2032
Market Size 2023 USD Billion 24.69
Market Size 2032 USD Billion 49.36
CAGR 2018-2023 Percentage XX%
CAGR 2024-2032 Percentage 8.0%
CAGR 2024-2032 - Market by Region Asia Pacific 9.8%
CAGR 2024-2032 - Market by Country India 9.8%
CAGR 2024-2032 - Market by Country China 9.1%
CAGR 2024-2032 - Market by End Use BFSI 9.1%
Market Share by Country 2023 UK 5.1%

Cash in Transit Services Market

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

The growth in the global market is driven by the increasing ATM installations, strict banking regulations, and increasing crime rates. The primary buyers of cash in transit services constitute banks, financial institutions, large retailers, and governments. The cash in transit services industry growth in developing market is expected to overshadow the growth in the global market, as they are estimated to triple the growth rate, more than the rate in Europe and North America. The market is led by the Asia Pacific region. The cash in transit services industry has the fastest growth in China and India due to the increasing growth of the ATM market in the forecast period. In the developed markets of the Asia Pacific such as South Korea, Australia, and Japan, the cash in transit services are well established.

CAGR 2024-2032 - Market by Region
Asia Pacific 9.8%
Latin America 7.6%
North America XX%
Europe XX%
Middle East and Africa XX%

The Asia Pacific market is followed by Europe as the second largest market in the industry. The cash in transit services industry in Europe has a high maturity level due to the heavy presence of global players in the region, delivering a broad range of product services, selling CIT services with cash management and ATM maintenance services as a package. In North America, the global service providers offer an extensive service portfolio, whereas the individual domestic players deliver quality services due to local expertise and more accessible sites. The buyers' maturity is high in this region as the cash in transit penetration is huge, along with the engagement of buyers with suppliers on KPIs/SLA-based contracts and emphasis on cost-saving opportunities.

CAGR 2024-2032 - Market by Country
India 9.8%
China 9.1%
Brazil 8.7%
Mexico 7.4%
USA 6.5%
Canada XX%
UK XX%
Germany 6.5%
Japan XX%
Australia XX%
Saudi Arabia XX%
France 5.9%
Italy 5.6%

Properties and Applications

Cash in Transit (CIT), also known as cash/valuables in transit (CVIT), refers to the physical transfer of money, including banknotes, coins, credit cards, and items of value from one place to another. By end-use, the market can be divided into:

Global Cash in Transit Services Market By Application

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

CAGR 2024-2032 - Market by End Use
BFSI 9.1%
Retail 8.6%
Government Organizations 8.2%
Academic Institution XX%
Hospitals XX%
Others XX%
  • Academic Institutions
  • BFSI
  • Hospitals
  • Government Organizations
  • Retail
  • Others

The report covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Global Cash in Transit Services Market By Region

Read more about this report - REQUEST FREE SAMPLE COPY IN PDF

Market Analysis

The global cash in transit services market is driven by the accelerating crime rates, which has resulted in the increased demand for specialist service providers all over the world. These specialists provide cash handling services and securely perform transaction services with precision. Outsourcing cash services to a specialist service provider is mainly done for continuous technology implementation. For example, CIT Tracker, a device hidden covertly during the cash transit process, alerts the security personnel when theft occurs. This device also supports the process of asset recovery and criminal apprehension.

The cash in transit services market is aided by the robust growth of ATM installation in the developing regions. For example, in the Asia Pacific region the growth rate for ATM installation is expected to increase in the forecast period, providing impetus to the market of cash in transit services. Due to several laws and regulations being made in the context of cash in transit services, the outsourcing of these services is being driven to the specialist service providers, enhancing the market for cash in transit services. Bank authorities have hardened the regulations for cash movement from one location to another, thus, further propelling the market growth.

In Latin America, the suppliers' maturity is at a medium level. The global suppliers solely can provide integrated cash services, whereas domestic suppliers deliver just cash transportation. The cash in transit services industry in the Middle East and Africa (MEA), have slightly varying maturity levels. Africa, due to the lack of regulations and infrastructure for the execution of professional cash management services. In the Asia Pacific, the presence of global service providers and regional service providers is uneven, whereas the presence of local service providers is high. The modern retail and large corporate houses are adopting the outsourcing of these services as they realise the cost-saving opportunities and compliance with regulations.

2023 Market Share by Country
UK 5.1%
USA XX%
Canada XX%

Competitive Landscape

The report gives a detailed analysis of the following key players in the global cash in transit services market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:

  • Brink's, Incorporated 
  • G4S Limited
  • Gardaworld Corporation
  • Loomis Armored US, LLC
  • Linfox Armaguard Pty, Ltd.
  • Others 

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • End Use
  • Region
Breakup by End Use
  • Academic Institutions
  • BFSI
  • Hospitals
  • Government Organizations
  • Retail
  • Others
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Brink's, Incorporated 
  • G4S Limited
  • Gardaworld Corporation
  • Loomis Armored US, LLC
  • Linfox Armaguard Pty, Ltd.
  • Others 
Report Price and Purchase Option Explore our purchase options that are best suited to your resources and industry needs.
Delivery Format Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option.

View Our Top Selling Reports

Cold Brew Coffee Market

Database Management System (DBMS) Market

Europe Shrimp Market

Freeze-Dried Fruits and Vegetables Market

Gaming Peripherals Market

India Data Center Market

India Fertilizer Market

India Mayonnaise Market

Latin America Ice Cream Market

Latin America Jewellery Market

Cash in Transit Services Market Report Snapshots

Cash in Transit Services Market Size

Cash in Transit Services Market Analysis

Cash in Transit Services Companies

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

Looking for specific insights?

Get in touch with us today for customized, data-driven solutions tailored to your unique requirements!

Key Questions Answered in the Report

The market reached a value of USD 24.69 billion in 2023.

The market is projected to grow at a CAGR of nearly 8% in the forecast period of 2024-2032.

The market is estimated to reach a value of about USD 49.36 billion by 2032.

The major drivers of the market include rising disposable incomes, increasing population, and the rapid expansion of ATMs in various regions.

The strict regulations for cash movement from one location to another by banks and rising crime rates are expected to be key trends guiding the growth of the market.

North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa are the leading regions in the market.

The leading end uses for the market are academic institutions, BFSI, hospitals, government organisations, and retail, among others.

The leading players in the market are Brink’s Incorporated, G4S Limited, Gardaworld Corporation, Loomis Armored US, LLC, and Linfox Armaguard Pty, Ltd., among others.

 

How To Order

Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.

Select License Type

Choose the right license for your needs and access rights.

Click on ‘Buy Now’

Add the report to your cart with one click and proceed to register.

Select Mode of Payment

Choose a payment option for a secure checkout. You will be redirected accordingly.

Pricing Plans

Purchase Full Report

Datasheet

 

USD 2,199

USD 1,999

tax inclusive*

  • Selected Sections, One User
  • Printing Not Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Single User License

One User

USD 3,299

USD 2,999

tax inclusive*

  • All Sections, One User
  • One Print Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Five User License

Five Users

USD 4,399

USD 3,999

tax inclusive*

  • All Sections, Five Users
  • Five Prints Allowed
  • Email Delivery in PDF
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Corporate License

Unlimited Users

USD 5,499

USD 4,999

tax inclusive*

  • All Sections, Unlimited Users
  • Unlimited Prints Allowed
  • Email Delivery in PDF + Excel
  • Free Limited Customisation
  • Post Sales Analyst Support
  • 50% Discount on Next Update

Connect For More Information

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.

We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.

Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.

We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.

Strategic Solutions for Informed Decision-Making

Back to top

We’re here to help answer any questions about our products and services.

Contact us

Locations


United States (Head Office)

30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

Australia

63 Fiona Drive, Tamworth, NSW

+61 448 06 17 27

India

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-120-433-0800

Philippines

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.

+63 287899028, +63 967 048 3306

United Kingdom

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

Vietnam

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84865399124