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          1. Moving Services Industry Profile

            Report Page Length: 10-12
            Last Quarterly Update: 8/31/2020
            SIC Codes: 4212, 4214, 4225
            NAICS Codes: 48421
            Chapters Include:
            Industry Overview Trends & Challenges Industry Forecast
            Quarterly Industry Update Call Prep Questions Website & Media Links
            Business Challenges Financial Information Glossary & Acronyms
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            Excerpt from Moving Services Industry Profile

            Companies in this industry primarily provide local or long-distance truck transportation of used household, institutional, or commercial furniture and equipment, as well as related packing and storage services. Major companies include UniGroup (owner of United and Mayflower), SIRVA (owner of Allied, Global, and North American), and Atlas Van Lines. Leading companies based outside the US include Crown Worldwide (Hong Kong), Grospiron (France), and Pickfords (UK).

            Many large companies offer international moving services, which can be complicated due to regulatory and logistical issues between countries. Companies that specialize in cross-border moves also offer move planning services and corporate relocation planning services.

            The US moving services industry includes about 8,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $16 billion.

            COMPETITIVE LANDSCAPE

            Home sales, residential rental turnover, and corporate relocations drive demand for moving and storage services. The profitability of individual companies depends on good marketing, as services are largely the same. Large companies have economies of scale in marketing and in being able to consolidate loads on long hauls. Small companies can compete with large ones by specializing in local markets and by offering competitive prices and better service for local moves. The US industry is fragmented: the 50 largest companies hold about 45% of the market.

            PRODUCTS, OPERATIONS & TECHNOLOGY

            Household moves and commercial moves are the major services offered in this industry. Other services include warehousing and storage, packing, and ...

             
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