Moving Services in the US
The Moving Services industry has grown over the past five years as the housing market continues to expand. 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 steady growth in housing starts and sales of existing homes. The industry was also helped by low mortgage rates, fueling home sales and housing starts and stimulating demand for moving services. Corporate expansion also encouraged industry growth during the period. Over the five years to 2023, housing market growth will continue to benefit industry operators. Although mortgage rates are projected to increase as the economy grows, rising disposable income will likely continue to 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.