Armored Transportation Services
The Armored Transportation Services industry includes companies that pick up and deliver money, receipts or other valuable items in armored vehicles. Over the five years to 2019, the industry has experienced growth largely in line with the economy, despite setbacks. As the economy has expanded, consumer spending climbed and the number of cash transactions increased. However, the industry has experienced pressure as a result of increasing competition. In particular, the growing popularity of noncash payment methods and the increasing negotiating power of banks, which comprise the industry's largest client base, have constrained the industry. Over the five years to 2024, industry revenue is forecast to climb.
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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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