Moving Services in the US - Industry Market Research Report

Moving Services in the US - Industry Market Research Report

  • March 2021 •
  • 45 pages •
  • Report ID: 870485 •
  • Format: PDF
On the move: A strong economy has driven demand for moving services over less expensive alternatives

Abstract

Moving Services in the US
The Moving Services industry has grown over the five years to 2019 as the housing market has registered strong and steady growth. Furthermore, steady economic expansion has led to consistent demand from the industry’s downstream commercial customers. Rising disposable incomes, favorable housing market conditions and a recent drop in oil prices have all benefited the Moving Services industry. Over the five years to 2024, housing market growth will continue to benefit industry operators. Although mortgage rates are projected to increase as the economy continues to grow steadily, rising disposable income will likely stimulate demand for housing and rental agreements. Metropolitan areas are expected to remain the most active sites for moving services, with large populations and shuffling tenants maintaining demand for industry services. Housing starts and home sales are anticipated to grow during the outlook period, further increasing demand for moving services from residential consumers.

Companies in this industry provide moving and relocation services, including local, long-distance and international trucking and shipping of used household, institutional and commercial goods, furniture and equipment. Industry operators often provide incidental packing and storage services.

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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