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. Although mortgage rates are projected to increase as the economy recovers, decreasing unemployment and rising disposable income will stimulate demand for housing and rental agreements.
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.