Moving industry trends - 2019
Every time a year comes to an end, there comes a time for contemplation and analysis of everything that happened throughout that past year. Everyone does this, whether they want to admit it or not. Did we manage to achieve our professional goals, or at least the majority of them? Did we find or marry our soulmate? How healthy are we and our family members? The business world is no different, as companies do the same thing in relation to their position in their respective fields. The business world is a complex place. It is virtually impossible to name all the existing types of jobs and industries. There are simply too many of them. One of these is the moving industry. So, what are the moving industry trends that we can expect in 2019?
The world has always been a complex and interesting place. However, since the beginning of the 20th century, it started developing rapidly. That trend continues on an even greater scale today. As technology makes giant leaps every couple of months, it is no wonder that the world gets smaller and smaller. More and more people are beginning to travel on both national and international level. It is no wonder then, that one of the most important moving industry trends is that it has never been busier. Should you decide to move to America before you turn 30, there will never be a better time than now. Everyone is looking for young professionals and experts and the USA is still the land of opportunities. People move all the time for all sorts of reasons, one of the chief ones being the advancement of their professional career.
First of all, what are some basic moving industry trends?
In order to look at 2019 and the future in general, it is important to first look back and understand the past. So, in order to get an idea of what to expect in 2019, we should think about what happened in the years behind us. The moving industry employs around 130,000 people. This is not such an interesting piece of information until you consider the fact that the industry consists of mostly small businesses. A little less than 50% of moving companies have less than five employees, while less than 10% have more than 100 employees. Throughout the industry, there are many companies that specialise in different types of moving, such as office moves or local moves.
The industry has generated $14bn in revenue in 2018. One of the most important moving industry trends is its annual growth. On average, since 2013, the industry has grown by 2.9% every year. As we stated in the introduction to this text, the world is getting smaller and easier to travel. Though it depends on many factors that vary from case to case, in general, moving has never been easier. With the moving industry adapting quite quickly to any new trend on the market, it should not be a surprise. If you need help to prepare for your long distance relocation in advance, or help with pretty much any part of a move, quality moving companies will be able to help you. This practically is a given, as the industry keeps on developing.
How does the self-storage section fare?
This is often an overlooked section of the economy of the United States. For instance, in 2015, the annual self-storage profit made throughout the United States was $36 billion. According to some estimates, there are more than 2.5 billion sqft of storage space across the US. America is among the leading countries when it comes to self-storage space and these numbers will rise even higher in the coming years. As the demand for self-storage continues to grow, as one of the key moving industry trends, the rise of the revenue may be in question, despite the expectations of reaching more than $70 billion by the end of the decade. One of the key reasons for this is the fact that many homes lack storage space. That is why, with the increasing availability of self-storage units, the profits of the moving industry may suffer a significant blow.
What are the go-tos and reasons for moving?
One of the most important questions in the moving business is where to move. Thus, it is always interesting to see what the moving industry trends are when it comes to this. In the last couple of years, the most popular states to move to were Oregon, South Carolina, South Dakota, and Vermont. Many factors may be responsible for this, like the current real estate situation, education and health. Commercially-inspired relocation is a very common type of move.
On the other hand, the states of Illinois, New York, and New Jersey have been the ones that people mostly moved out of. Since the beginning of the decade, the population of the metropolitan area of New York City has been reduced by almost 1,000,000 people. The reason behind this is that the conditions in NYC for raising children have been in a steady decline. This has led many families to leave the area.
