Armored Vehicle Services
Brief Excerpt from Industry Overview Chapter:
Companies in this industry use armored vehicles and security personnel to pick up and deliver money, receipts, and other valuables. Major companies include Dunbar Security Solutions, GardaWorld, and The Brinks Company (all based in the US), as well as G4S (the UK), Loomis (Sweden), and Prosegur (Spain).
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.
PRODUCTS, OPERATIONS & TECHNOLOGY
Armored vehicle companies typically offer secure logistics and security services including cash-in-transit, ATM replenishment and maintenance, international transportation of valuables, and cash management services. Some companies also may provide payment processing as well as other security and guarding services.
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