$23.2bn
$X.Xbn
112k
21,892
$X.Xbn
Revenue for moving companies in the United States has risen modestly during the current period despite significant volatility. Noticeable slumps in housing starts and mild drops in housing sales have affected the market for moving services. Despite these factors, the essential need for such services, particularly to help businesses relocate their operations, has kept revenue expanding throughout 2024. However, the changing economic landscape has burdened consumers with higher costs, painting a mixed picture of this industry's revenue in 2024.
Industry revenue has grown at a CAGR of 2.4 % over the past five years, to reach an estimated $23.2bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
Arcbest Corporation | 582.8 | 37.1 | 6.4 | |
Unigroup, Inc. | 196.4 | 67.3 | 34.3 | |
Atlas World Group Inc. | 118.7 | 40.7 | 34.3 |
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Industry revenue is measured across several distinct product and services lines, including Residential moving, Commercial moving and Warehousing services. Residential moving is the largest segment of the Moving Services in the US.
Residential moves remain a staple for the industry
Businesses in this industry offer moving and relocation services for clients seeking to move their items to a new destination. Moving services cater to residential and commercial sectors and handle various types of items. Providers often offer incidental packing and storage services.
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NAICS 48421 - Moving Services in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Even with inflationary pressures, moving companies performed relatively well during the current period. A need for moving services to supplement robust corporate and consumer...
Learn about an industry's products and services, markets and trends in international trade.
Residential moving services are still the largest product segment, but they are expected to lag. High costs and elevated interest rates will keep demand for residential const...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Regions centered on manufacturing (e.g., The Great Lakes) rely heavily on moving services. Industries centered here consistently need to transport material to new plants and ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Low barriers to entry mean that there are many entries and exits into the industry. This causes many small companies and owner-operators to become movers, boosting competitio...
Learn about the performance of the top companies in the industry.
The largest players comprise a relatively small revenue share, indicating fragmentation among moving companies. Relatively low barriers to entry and the lack of differentiati...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Regulations regarding truckers on the road have made movers more diligent. They must ensure the truckers they employ have the correct eyesight to drive and sleep enough hours...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
High demand for residential construction has recently led to substantial revenue growth. This has kept wages' revenue share stable despite significant inflationary pressures.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Moving Services in the US industry in United States is $23.2bn in 2024.
There are 21,892 businesses in the Moving Services in the US industry in United States, which has grown at a CAGR of 4.6 % between 2019 and 2024.
The market size of the Moving Services in the US industry in United States has been growing at a CAGR of 2.4 % between 2019 and 2024.
Over the next five years, the Moving Services in the US industry in United States is expected to grow.
The biggest companies operating in the Moving Services market in United States are Arcbest Corporation, Unigroup, Inc. and Atlas World Group Inc.
Residential moving and Commercial moving are part of the Moving Services in the US industry.
The company holding the most market share in United States is Arcbest Corporation.
The level of competition is high and steady in the Moving Services in the US industry in United States.