The Moving Services Market in US is being driven by Growth in real estate market
The Moving Services Market in US is expected to grow at a CAGR of 3.71% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 4.1 billion. Moving companies and relocation services in the US marketplace provide an extensive array of offerings, which can sometimes result in client confusion. To foster effective client engagement and enhance online presence, it is essential for businesses to incorporate engagement analytics and CRM solutions. For instance, Quick Move Technologies, a leading relocation company, has implemented CRM technology, enabling improved customer interaction and streamlined moving processes. CRM systems represent advanced customer management tools, housing vital client data such as contact information, past sales history, and transactional records. By leveraging these tools, moving companies can strengthen client relationships and boost overall business growth.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
128 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.71% |
Market growth 2024-2028 |
USD 4.1 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2023-2024(%) |
3.41 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The moving services market in the US is a significant industry, catering to various sectors and reasons for relocation. Key services include loading, unloading, packing, and unpacking of household and commercial goods. Lifestyle preferences, political reasons, weather, change of job, cultural acceptance, and working individuals or families are among the primary drivers of this market. Engagement analytics plays a crucial role in understanding customer behavior and preferences, enabling moving companies to offer customized services. Furniture, commercial goods, institutional goods, used household goods, and shipping are major segments of the market. International and long-distance trucking, local trucking, nonresidential markets, and CRM systems are integral components of the industry. Partial-service moving and full-service moving cater to different customer needs. Military and government, corporate, residential, and corporate relocation are significant markets. Immigration and overseas employment are also driving factors. The market comprises various sub-segments, including moving trucks, storage services, and moving supplies. Overall, the moving services market in the US continues to evolve, adapting to changing customer needs and preferences.
The air freight and logistics market in the US is a segment of the larger global market, which encompasses the revenue generated by companies offering air freight transportation, courier services, and logistics solutions, including package and mail delivery and customs brokerage. According to Technavio's market analysis, the global air freight and logistics market size is determined by the earnings of service providers in this sector. Key performance indicators include the monitoring of goods in transit and up until delivery. Factors driving growth in the global air freight and logistics market include the surge in cross-border e-commerce activities, as consumers increasingly purchase goods from overseas suppliers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
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