Moving Services in the US - Industry Market Research Report

Move Out: a Strong Residential Market Has Driven Demand for the Industry's Moving Services

The Moving Services industry has experienced increased demand over the current period, mostly due to the strong housing market. Despite the fall in consumer confidence and spending during the COVID-19 pandemic, the industry's services were viewed as essential, so it only experienced a modest decline in revenue in 2020. Corporate profit was severely affected, which reduced demand from nonresidential markets. These factors caused industry revenue to fall 4.2% in 2020. 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.