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Moving Services

Moving Services

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Executive summary

The Moving Services industry has experienced increased demand over the past five years to 2022, due to an increase in existing home sales and housing starts. Rising per capita disposable income has benefited the industry during the period. Despite, the fall in consumer confidence and spending during the COVID-19 (coronavirus) pandemic, the industry was deemed an essential business, thus its declining demand was small compared with the rest of the sector. However, low consumer spending in 2020 resulted in a decrease in corporate profit, hampering demand from nonresidential markets. As a result, consumers and businesses have avoided big-ticket purchases, such as new houses or office buildings. This resulted in industry revenue falling 4.3% in 2020. Combined, the residential and nonresidential customer segments are estimated to account for 88.6% of industry revenue generated by the industry. Due to contrasting trends during the five-year period, revenue is estimated to grow an annualized 1.0% to $19.4 billion over the five years to 2022, including an estimated 1.8% increase in 2022 alone.
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Each report includes:

industry revenue;

industry profit;

industry margin;

industry employment;

industry major players;

industry key external drivers;

industry product & structure segmentation;

industry key trends;

industry Life Cycle;

industry Geographic Breakdown;

industry Key Success Factors;

industry Key statistics for previous years;

forecast of industry Key statistics for the next 5 years;

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Reference Wordlist

High barriers to entry mean that new companies struggle to enter an industry, while low barriers mean it is easy for new companies to enter an industry.

Compares the amount of money spent on capital (plant, machinery and equipment) with that spent on labor.
IBISWorld uses the ratio of depreciation to wages as a proxy for capital intensity. High capital intensity is more than $0.333 of capital to $1 of labor; medium is $0.125 to $0.333 of capital to $1 of labor; low is less than $0.125 of capital for every $1 of labor.

The dollar figures in the Key Statistics table, including forecasts, are adjusted for inflation using the current year (i.e. year published) as the base year. This removes the impact of changes in the purchasing power of the dollar, leaving only the "real" growth or decline in industry metrics. The inflation adjustments in IBISWorld’s reports are made using the US Bureau of Economic Analysis’ implicit GDP price deflator.

Colloquial Terminology

A financial motion that prevents creditors from seeking to close a business altogether.

A moving service that offers transportation of belongings over state lines.

Prime movers that haul trailers of goods.


The industry's rise during the period stems largely from the increase in revenue in 2021 and 2022, as the economy recovers from the pandemic and postponed moving plans are rebooked. With many people returning to work and an influx in company hiring, consumers now have more disposable income and confidence in spending. Additionally, with the continued increase in existing home sales, housing starts and value of construction during the five-year period, more consumers were likely to move into different houses, bolstering demand for industry services. However, due to a drastic increase in fuel prices, profit is estimated to contract over the five years to 2022.

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