Armored Vehicle Services

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 and The Brinks Company (both based in the US), as well as GardaWorld (Canada), G4S (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: the 50 largest firms account for the entirety of the industry revenue.


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. Armored car services, including transportation of cash and ATM services, account for about 85% of industry revenue, while cash handling and management services account for about 15%. Some companies may also provide payment processing as well as other security and guarding services.

Industry Overview
Quarterly Industry Update
Business Challenges
Business Trends
Industry Opportunities
Call Preparation Questions
Financial Information
Industry Forecast
Web Links and Acronyms

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