Under lock and key: The rise of digital payments will limit revenue growth and shift the industry's focus

IBISWorld’s industry research report on Armored Transportation Services can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.


Industry Threats & Opportunities

  • Demand for industry services will strengthen as economic growth picks up and consumer spending rises
  • In response to increased competition, industry players have focused on value-added services
  • As consumer spending increases, businesses will hold more cash, boosting demand

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    Industry Analysis & Industry Trends

    Although consumer spending has risen in the past five years, creating greater need for operators in the Armored Transportation Services industry to move cash and other valuables on behalf of banks and retailers, the industry has struggled to grow. Heightened competition and increased use of digital payment methods have constrained revenue, while greater concentration in the banking sector has reduced industry companies' negotiating power and pressured profit margins. As a result, industry revenue has remained nearly stagnant in the five years to 2016...

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    Industry Report - Industry Locations Chapter

    The Armored Transportation Services industry is largely concentrated according to population density. A greater concentration of companies occurs in regions with large populations and cities, especially in the Southeast, West and Mid-Atlantic. Similarly, the dispersion of revenue largely follows the concentration of establishments. Since areas with higher populations often have a greater number of businesses requiring armored transportation services, the industry's presence is strongest in large metropolitan areas. This geographic distribution of industry establishments is not expected to change during the next five years.


    The Southeast region has the largest number of industry establishments. The region accounts for an estimated 26.7% o..

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    Additional Insights for the Armored Transportation Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Armored Transportation Services Industry are

  • Ability to compete on tender
  • Fast adjustments made to changing regulations
  • Close monitoring of competition
  • IBISWorld analysts also discuss how external factors such as Consumer spending and Percentage of services conducted online in the Armored Transportation Services industry impact industry performance..

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    Look under the hood?

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    Industry Products

    What is the Armored Transportation Services Industry?

    This industry includes companies that pick up and deliver money, receipts or other valuable items in armored vehicles. These establishments maintain personnel and equipment to protect such properties while in transit.

    Industry Products
    Cash in transit (CIT) services
    Automatic teller machine (ATM) services
    Cash management services
    Industry Activities
    Cash-in-transit services
    Cash handling and management
    ATM servicing

    Table of Contents

    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer spending
  • Percentage of services conducted online
  • Crime rate
  • World price of crude oil

  • Current Performance
  • Changing industry landscape
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand strengthens
  • Challenges remain
  • Other trends
  • Table: Armored Transportation Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Armored Transportation Services Industry Lifecycle vs The Economy

  • Products & Markets
    Supply Chains
    Key Buying Industries
  • Retail Trade
  • Finance and Insurance
  • Non-Hotel Casinos
  • Casino Hotels

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing
  • Auto Mechanics

  • Products & Services
  • Cash in transit (CIT) services
  • Cash management services
  • Automatic teller machine (ATM) services
  • Chart: Armored Transportation Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Commercial customers
  • Government customers
  • Other customers
  • Chart: Major Market Segmentation for the Armored Transportation Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesOther expenses
  • Chart: Cost Structure Benchmarking – Sector vs Armored Transportation Services

  • Basis of Competition
  • Internal competition
  • External completion

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Armored Transportation Services Industry

  • Industry Globalization
    Major Companies
    LoomisThe Brink's Co.GardaWorld Security Corp.Dunbar
  • Table: Loomis - financial performance
  • Table: The Brink's Co. - financial performance
  • Table: GardaWorld Security Corp. - financial performance
  • Table: Dunbar - financial performance

  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Armored Transportation Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Key Statistics
    Table: Industry Data for the Armored Transportation Services Industry
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Number of commercial banking establishments in the US (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Cash Management Services
  • Services that are typically high value-added, and include money processing; servicing safes and safe control devices; integrated check and cash processing services; and check imaging services.
  • Cash-In-Transit
  • Cash-in-transit (CIT) services involves the transportation of banknotes, coins, checks and other valuables to locations such as banks, company cash centers, ATMs and retailers.
  • Mine-Resistant Ambush Protected
  • Mine-resistant ambush protected (MRAP) vehicles are armored vehicles designed to withstand mines and improvised explosive devices.
  • Why buy this report?

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Armored Transportation Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Armored Transportation Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Armored Transportation Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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