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

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...purchase to read more.

Industry Statistics & Market Size
Annual Growth 11-16
Forecast Growth 16-21

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
  • Industry Report - Industry Key Buyers Chapter

    The Armored Transportation Services industry is highly concentrated. In 2016, the four largest companies are estimated to account for 94.8% of industry revenue, up from 85.9% in 2011. Loomis, the industry's largest player, accounts for an estimated 34.2% of industry revenue, followed closely by Brink's, which holds a 26.0% market share, and GardaWorld, which is expected to generate 24.2% of industry revenue. Dunbar, the industry's fourth-largest company, is expected to generate 10.4% of industry revenue. The industry is dominated by a handful of large companies because of the significant advantage gained by scale in this industry. Bec...purchase to read more.

    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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    What's in this report

    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

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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

  • 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
    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
    Loomis, The Brink's Co., GardaWorld Security Corp., Dunbar Armored Inc.,
  • Table: Loomis - financial performance
  • Table: The Brink's Co. - financial performance
  • Table: GardaWorld Security Corp. - financial performance
  • Table: Dunbar Armored Inc. - financial performance

  • 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
    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
    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.
  • What Our Customers Say

    Why buy this report?

    The Armored Transportation Services industry market report contains data and analysis of the most influential current and future trends shaping the industry. IBISWorld’s in-depth industry market research is presented in a logical, user-friendly format, and provides growth and profit forecasts for a five-year outlook period.

    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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