Moving Services in Canada - Industry Market Research Report

December 2021 •
37 pages •
Report ID: 4564317 •
Format: PDF

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Boxed up: Rebounding interest rates and a cooling housing market may hurting industry growth prospects

Abstract

Moving Services in Canada
The Moving Services industry in Canada, which provides relocation services to households, governments and commercial clients, has experienced modest growth over the five years to 2019. While steady economic expansion has supported revenue growth, declines in total corporate profit and volatile oil prices have limited commercial demand for industry services. Moving services are typically considered discretionary purchases, as private consumers have the option of renting vehicles on their own or seeking alternative methods of transportation. Therefore, demand for industry services has been supported by a rise in per capita disposable income. Over the five years to 2024, industry performance will depend on a variety of factors, including levels of housing formation and overall macroeconomic recovery.

The Moving Services industry in Canada provides moving and relocation services, including trucking and shipping of household, institutional and commercial goods.

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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