Armored Vehicle Industry
Insights from D&B Hoovers

Industry Overview

Description

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).

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.

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.

Geographic Segmentation

See where the Armored Vehicle Services industry is concentrated geographically and research companies by financials and key corporate data.

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