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 2015. Revenue growth will accelerate somewhat in the next five years, though the continuing trend toward digital payments will sharpen the industry's focus on cash handling and management operations as a means to maintain revenue streams and increase profitability.
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.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.