First Research US Industry Profile

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Armored Vehicle Services
SIC Codes: 7381
NAICS Codes: 561613
Last Quarterly Update: 5/6/2019
Companies in this industry use armored vehicles and security personnel to pick up and deliver money, receipts, and other valuables. Major companies include The Brinks Company, Dunbar Armored (US), and Garda Cash Logistics (all based in the US), as well as G4S (the UK), Loomis (Sweden), and Prosegur (Spain).
The global security services market is expected to grow at up to 6% per year in upcoming years. The strongest growth is anticipated from China and India, while the US is expected to remain to largest market. Multinational customers increasingly seek cash-in-transit providers and cash managers with broad geographic reach.
The US armored vehicle industries includes about 775 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $2.6 billion.
Competitive Landscape
Demand is driven by cash transaction volume. The profitability of individual companies depends on their ability to maintain safe, secure, efficient operations. Large companies have economies of scale in fleet management and administrative resources. Smaller companies can compete effectively by focusing on a specific geography. The US industry is highly concentrated in the US: the four largest companies account for about 90% of industry revenue.
Companies that specialize in armored vehicle services may compete with larger providers of general security services that offer a variety of security-related software, hardware, and operational support.
Products, Operations & Technology
Armored vehicle companies typically offer secure logistics and security services including cash-in-transit, ATM replenishment and maintenance, international ... plus:
Sales & Marketing
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Finance & Regulation
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Regional & International Issues
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Human Resources
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Industry Indicators
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Business Challenges
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Trends and Opportunities
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Financial Information
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Industry Forecast
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Industry Websites
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Glossary of Acronyms

Historical Profiles (PDF format)

02/04/2019
10/29/2018
07/30/2018
04/30/2018
01/29/2018
10/23/2017
07/24/2017
04/24/2017
01/23/2017
10/17/2016
07/18/2016
04/18/2016
01/18/2016
10/12/2015
07/13/2015
04/13/2015
01/19/2015
10/20/2014
07/28/2014