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Armored Car Services Industry - Market Research, Company Data, and Financial Statistics

Armored Car Services - Market Size and Industry Forecast

The 2021 Armored Car Services Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2016 to 2026 reflect industry trends and growth patterns. Market size revenues include both public and private companies in the armored car services industry.

Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022

Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Armored Car Services - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Armored Car Services companies in the United States.

Armored Car Services Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesArmored Car Services
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Armored Car Services - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits



Depreciation and Amortization

Officer Compensation

Net Income

Armored Car Services - Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial RatioIndustry Average
Profitability Ratios

Profit Margin
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Armored Car Services - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)
Industry total

Armored car services
Armored car transportation of cash & valuables
Other armored car services
Automatic teller machine services
All other operating receipts
Security guard & patrol services
Security guard & patrol services in buildings
Cash handling & management products

Armored Car Services - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations1%

Chief Executives0%
General and Operations Managers1%
Protective Service Occupations93%
Other Protective Service Workers88%
Security Guards and Gaming Surveillance Officers86%
Security Guards86%

Government Contracts

In the past, the federal government spent an annual total of $4,935,760 on the armored car services industry. It has awarded 348 contracts to 50 companies, with an average value of $98,715 per company.

Armored Car Services and Adjacent Industries - Top Companies

($ Millions)

Armored Car Services Industry Report
GeographyUnited States  
Publication DateMay 2021
Report FormatPDF Download  
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