Moving forward: The industry will benefit from rising home sales and housing starts

The Moving Services industry has returned to growth over the past five years as the housing market continues to recover from the downturn. Despite slow economic recovery, a number of housing market indicators suggest gains in the industry's principal market. Coupled with rising disposable income, more favorable housing market conditions and a recent drop in oil prices have benefited the industry. The industry's growth over the past five years is due in part to a recovery from its low point after the collapse of housing prices. Even in 2017, the industry has yet to reach the peak revenue levels achieved in the mid-2000s. Over the five years to 2022, housing market growth will continue to benefit industry operators...purchase to read more.

Industry Statistics & Market Size
Revenue
$18bn
Annual Growth 12-17
2.8%
Forecast Growth 17-22
Profit
Employment
106,534
Businesses
15,164
Market Share of Companies

Industry Threats & Opportunities

  • The recovering housing market will prove beneficial for industry operators
  • Despite a steep decline during the downturn, corporate profit rose significantly, benefitting the industry
  • The growing size of major metropolitan cities is expected to add to demand for moving services
  • Industry Report - Industry Analysis Chapter

    The Moving Services industry recovered as a result of improving macroeconomic conditions and a more buoyant housing market. After consecutive years of revenue loss, the industry began to grow steadily in 2012, when lower mortgage rates and improved credit spurred housing starts and residential demand for moving services. IBISWorld expects industry revenue to expand at an annualized rate of 2.8% to $17.6 billion over the five years to 2017.Despite growth over the past five years, industry revenue remains below the levels it reached during the mid-2000s. The Moving Services industry was hit particularly hard by the housing crisis, leading to consecutive revenue loss in the years prior to 2012. Suc...purchase to read more.

    Additional Insights for the Moving Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Moving Services Industry are

  • Having a diverse range of clients
  • Optimum capacity utilization
  • Economies of scale
  • IBISWorld analysts also discuss how external factors such as Existing home sales and House price index in the Moving Services industry impact industry performance..

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    What's in this report

    What is the Moving Services Industry?

    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.

    Industry Products
  • Residential moving
  • Commercial moving
  • Warehousing services
  • Industry Activities
  • Used furniture moving
  • Used household-goods moving
  • Used office-goods moving
  • Providing storage services for moved goods
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Existing home sales
  • House price index
  • year conventional mortgage rate
  • Housing starts
  • Per capita disposable income

  • Current Performance
  • Downstream markets show signs of gains
  • Profit turnaround
  • Chart: Revenue Growth

  • Industry Outlook
  • Downstream markets slowly improve
  • Consolidation continues
  • Potential risks
  • Table: Moving Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Moving Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Home Builders
  • Apartment & Condominium Construction
  • Office Furniture Manufacturing
  • Furniture Wholesaling
  • Finance and Insurance
  • Public Administration
  • Commercial Building Construction

  • Key Selling Industries
  • Auto Parts Wholesaling
  • Automobile Wholesaling
  • Truck, Trailer & Motor Home Manufacturing

  • Products & Services
  • Residential moving
  • Commercial moving
  • Other
  • Warehousing services
  • Chart: Moving Services Industry Products and Services Segmentation

  • Demand Determinants
  • Private household demand
  • Business demand

  • Major Markets
  • Consumers
  • Corporate customers
  • Government
  • Chart: Major Market Segmentation for the Moving Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Moving Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Moving Services Industry

  • Industry Globalization
    UniGroup Inc., SIRVA Inc.,
  • Table: UniGroup Inc. - financial performance
  • Table: SIRVA Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Moving Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Moving Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per capita disposable income (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Chapter 11 Bankruptcy Protection
  • A financial motion that prevents creditors from seeking to close a business altogether.
  • Cross Country Moving Service
  • A moving service that offers transportation of belongings over state lines.
  • Tractors
  • Prime movers that haul trailers of goods.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Moving Services Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Moving Services industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Moving Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Moving Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Moving Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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