Procurement Market Intelligence Report
Armored Transport Services
Sourcing Guide & Market Intelligence
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Armored Transport Services Global Overview
Definition
Summary
Armored transport services, also known as armored car services, involve the secure transportation of money, receipts, and other valuable items to destinations determined by the buyer.
This Report Includes:
- Armored Cash Transport Services
- Armored Security Van Services
- Armored Truck Services
Not in this Report:
- Security Monitoring Services
- Security Guard Services
- Final Sales of Armored Cars
Global Armored Transport Services Procurement Trends
Discover the top international trends affecting procurement in the global Armored Transport Services market.
Neutral
Crude oil prices dip, but natural gas and fuel prices remain volatile in 2025
- Oil prices have been falling with the introduction of higher tariffs and the predicted decline in global demand. The OPEC+ group of countries also announced they would be unwinding production cuts and increasing their collective output target for May by 411,000 barrels per day.
- Trade wars, ongoing conflict between Hamas and Israel, and general unrest in the Middle East are causing uncertainty surrounding oil prices, which has led to volatility in prices. In the third week of May 2025, crude oil prices hit $63.67 per barrel, but volatility remains as geopolitical concerns remain.
- Natural gas prices rallied early in 2025 with colder-than-usual temperatures in the United States and high demand, topping out at $4.68/MMBtu in March. Prices have since fallen with the onset of trade wars and weakening demand projections to $3.64/MMBtu in the third week of May 2025.
- The national average of gasoline prices has been rising slightly due to refinery maintenance/outages and blending issues, hitting a national average of $3.15 per gallon in the third week of May 2025. However, gasoline futures have been volatile, falling due to fears of oversupply and deepening concerns about weakening demand with tariffs, but rising after trade deals.
Global Armored Transport Services Market - Suppliers by Region
| Country/Region | Number of Suppliers |
|---|---|
| #1 Europe | 175 |
| #2 China | 145 |
| #3 India | 120 |
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2
Geography Drilldown - US & Europe
Average Cost of Armored Transport Services
United States
2026 Market Pricing$10.00 to $XXX.XX
per pickupEurope
Average Price
Prices in the Armored Transport Services market range from $10.00 to $XXX.XX, depending on Brand, Value, Weight, Distance and Location. For example, lower prices are associated with Lesser-known brand ($10.00 to $400 per pickup), whereas higher prices are associated with Well-known brand ($15.00 to $500 per pickup).
Need the scoop on international price trends?
Between our Europe and Canada collections, we provide price data for 350 markets so you can instantly compare prices across borders. Or, use our custom research services for intel on prices in any region across the globe.
Armored Transport Services Category Price Trends
Pricing trends are indicated by the compound annual growth rate (CAGR) during a set period of time. For the Armored Transport Services market, prices in the US have grown 3.4% from 2022 to 2025. and +2.6% in Europe.
United States (2022-2025)
Canada (2016-2019)
Compound Annual Growth Rate
Europe (2022-2025)
Compound Annual Growth Rate
Wondering where prices are heading?
Price trend forecasts are available to subscribers, along with price driver projections and forward-looking cost structure data.
Cost Analysis - Total Cost of Ownership for Armored Transport Services
Total cost of ownership is Medium in the Armored Transport Services market. The average cost of ownership differs depending on the contract but generally includes costs negotiated before the contract begins, costs billed during the contract period and unforeseen costs. For example, unforeseen costs in the form of Delays may raise the total cost of ownership unexpectedly.
Negotiated Before
Set Up Fees
Billed During
Labor
Handling
Fuel
Insurance
Unforeseen
Delays
Buyer Power in Procurement Negotiations
In 2026, buyer power amounts to -3.2 in the United States. Buyer power is most positively impacted by Availability of Substitutes. It is most negatively impacted by Product Specialization. Subscribers can access details on eight other factors that impact buyer power. Learn more
United States
Europe
Buyer power forecasts: your glimpse into the future
Develop strategies for the upcoming year and identify unforeseen opportunities for buying now
- Actionable "Buy Now" and "Buy Later" insights
- Near-real-time updates to current and forecast Buyer Power Scores
- Methodology and weightings for Buyer Power Score Components
Supply Chain Risk
The average level of supply chain risk is assessed as High, which has a negative impact on buyer power. The level of supply chain risk is affected by industry volatility, barriers to entry, competition, import penetration, regulation and industry financial risk. Buyers in this market can mitigate procurement and supply chain management risks by monitoring risk levels for individual first and second tier suppliers:
1st
Tier Suppliers
- Armored Truck Manufacturers
- Gasoline Wholesalers
- Uniform Wholesalers
2nd
Tier Suppliers
- Steel Framing Manufacturers
- Tire Manufacturers
- Petroleum Refineries
- Uniform Manufacturers
Biggest Armored Transport Services Suppliers in the US by Revenue
The largest Armored Transport Services vendors by revenue in the US are Eastern Armored Services Inc., IBI Armored Services Inc. and Garda World Security Corp. Subscribers can sort and filter by market share concentration, profit level and other factors. Learn more
| Supplier | Operational Size | Headquarters | Number of Employees | Market Share (%) | Market Share Performance (3yr trend) | Total Revenue ($ million) | Profit Level (%) | Risk Level |
|---|---|---|---|---|---|---|---|---|
| Loomis AB | Global | Stockholm, SE | >10,001 | 25+ | ||||
| Garda World Security Corp | Global | Montreal, CA | >10,000 | 25+ | ||||
| Brink’s Co | Global | RICHMOND, VA | >10,000 | 25+ | ||||
| Eastern Armored Services Inc. | Regional | Trenton, NJ | <25 | < 5 | ||||
| IBI Armored Services Inc. | International | Woodside, NY | 25-50 | < 5 | ||||
| Sectran Security Inc. | Regional | Los Angeles, CA | 101-250 | < 5 | ||||
Looking for a list of suppliers by country?
Subscribers can access vendor information on Canadian and European suppliers, too. We also offer custom research services to help with vendor sourcing anywhere in the world.
Profit Analysis
The average profit margin across vendors in the Armored Transport Services market is 5.6% and steady. Profit levels shift depending on suppliers' spend on wages, purchases and overhead. The highest cost component for vendors is Overhead. The cost trend for this component is rising, when considering movement between 2025 and 2026. To understand cost forecasts for 2027 and uncover the implications on profit, start your subscription. Learn more
Vendor & Supply Chain Analysis
The majority of market revenue is concentrated among the top four suppliers, which detracts from buyer power.
The market is prone to supply chain disruptions stemming primarily from the presence of gasoline wholesalers and armored truck manufacturers. Recent 2025 tariffs on steel, aluminum, and transportation equipment are exacerbating these risks by increasing costs and causing further volatility in supply chains critical to armored transport services.
The moderate level of vendor risk indicates the potential for unplanned service disruptions or more serious setbacks that could impact buyers' operations.
The United States is a net importer of vehicles for goods transport, suggesting a high level of competition in the market due to the substantial presence of foreign vendors. However, this increased dependence on imported goods could escalate supply chain risks and vulnerability to fluctuating trade policies.
Supplier Information
Brink’s Co
Brink's Co is a public company operating globally in the administration, business support and waste management services sector. The company's offerings include payroll card services, cash vault services and armored transport services. Founded in 1859, the company is currently headquartered in Richmond, Virginia,... Subscribe to learn more
Garda World Security Corp
Garda World Security Corp is a private company operating globally in the finance & insurance and administration, business support and waste management services sectors. The company's offerings include cash vault services, temporary security staffing, security guard services and armored transport services.... Subscribe to learn more
Loomis AB
Loomis AB is a public company operating globally in the administration, business support and waste management services sector. The company's offerings include armored transport services. Founded in 2001, the company is currently headquartered in Stockholm, Sweden with an estimated employee count of over 10,000.... Subscribe to learn more
Eastern Armored Services Inc.
Eastern Armored Services Inc. is a private company operating regionally in the administration, business support and waste management services sector. The company's offerings include armored transport services. Founded in 1992, the company is currently headquartered in Trenton, New Jersey, United States of... Subscribe to learn more
IBI Armored Services Inc.
IBI Armored Services Inc. is a private company operating internationally in the administration, business support and waste management services sector. The company's offerings include armored transport services. Founded in 1966, the company is currently headquartered in Woodside, New York, United States of... Subscribe to learn more
Sectran Security Inc.
Sectran Security Inc. is a private company operating regionally in the administration, business support and waste management services sector. The company's offerings include armored transport services. Founded in 1982, the company is currently headquartered in Los Angeles, California, United States of America... Subscribe to learn more
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Procurement Management KPIs for the Armored Transport Services Market
Managing vendor performance throughout the contract period is easier when tracking specific key performance indicators (KPIs). For example, buyers should monitor Cost of Goods Sold and Current Ratio (Assets/Liabilities). Buyers may experience better performance throughout their contracts if they establish service level agreements (SLAs) based on Compliance and other factors.
| KPI | Level of Importance (1-5) | Measurements | Key Considerations |
|---|---|---|---|
| Cost of Goods Sold |
|
Total revenue Total labor cost Total material cost Total service cost Total delivery cost |
The cost of goods sold represents the cost of providing market services and takes into account the costs of labor and fuel. Labor and fuel are some of market suppliers' most volatile expenses, so buyers should evaluate whether suppliers are successfully keeping their costs in line. |
| Current Ratio (Assets/Liabilities) |
|
Current assets Current liabilities |
The current ratio can be used to determine a company’s ability to pay its short-term obligations. Buyers should track suppliers' current ratio because trucks are sometimes leased, making them a liability. |
|
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Questions to Ask During Procurement Negotiations
How can I gain leverage during negotiations?
Cost Containment
What is the reasoning behind the pricing model you plan to apply to my service? Would you consider applying any other pricing models to my service?
Are there any additional charges I should be aware of outside the cost of the service?
Supply Chain Risk
Do you source materials with high exposure to supply chain disruptions? How are you coping with these disruptions?
How diversified is your supplier base for inputs? Do you source from multiple suppliers in different global regions?
Workforce
Who trains your security personnel?
What worst-case scenario situations are the security guards trained to handle?
The ultimate prep for procurement negotations
View all 29 negotiation questions for this category when you subscribe.
Armored Transport Services RFP Guidelines
What should my RFP include?
Organizational Overview
Buyers should provide an overview of their operations and include descriptions of the items that require armored transport.
Buyers should describe their current use of armored transport services.
Statement Of Need
Buyers should describe the items that the vendor will be transporting and assign a monetary value to the total cargo.
Buyers should provide the addresses of all pickup and drop-off locations.
Project Budget
Buyers should specify their budget for each trip.
Buyers should specify the vendor's minimum required level of insurance coverage in case of loss or damage to any property.
The RFP process made easy
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We display average pricing information, trends and market data.
Our Reports include:
- Opportunity assessment
- Market dynamics
- Recent developments
- Positive and warning trends
- Buyer power levers
- Price environment and market pricing
- Geographic wage rates
- Global market updates
- Total cost of ownership
- Cost structure benchmarks and analysis
- Supply chain and vendors
- Global supplier breakdown
- Market share concentration
- Regulation and business requirements
- Vendor management and KPIs
- Sourcing strategy guidance
