Packed up: Despite a rise in disposable income, muted housing starts will hinder industry growth

The Moving Services industry in Canada, which provides relocation services to households, governments and commercial clients, has experienced a modest decline over the five years to 2017. Despite rising levels of per capita disposable income and consistent growth in the number of Canadian businesses, substantial declines in total corporate profit have significantly limited commercial demand for industry services. Moving forward, industry performance will depend on a variety of factors, including levels of housing formation and overall macroeconomic recovery. Oil prices will likely rebound over the next five years, spurring broad-based economic growth. Moreover, both per capita disposable income and corporate profit are expected to rise over the next five more.

Industry Statistics & Market Size
Annual Growth 12-17
Forecast Growth 17-22

Industry Threats & Opportunities

  • Performance will depend on the level of housing formation and overall macroeconomic recovery
  • Residential demand for industry services has been somewhat sustained by a steady improvement in per capita disposable income
  • The industry will benefit from increased commercial real estate activity and corporate relocation needs
  • Industry Report - Industry SWOT Analysis Chapter

    The Moving Services industry in Canada is in the mature stage of its life cycle, which is illustrated by full market acceptance of industry services and consolidation activity on the part of the industry's major players. Over the 10 years to 2022, industry value added, which measures the industry's contribution to the overall economy, is projected to increase at an annualized rate of just 0.1%. Comparatively, Canadian GDP is expected to increase at an annualized rate of 1.9% during the same period. While the contrast between these two growth rates typically indicates that an industry is in the midst of decline, other factors reinforce the industry's mature status.For instance, the industry's services are well defined and segmented. Ope...purchase to read more.

    Additional Insights for the Moving Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Moving Services Industry are

  • Having a diverse range of clients
  • Economies of scale
  • Having a good reputation
  • IBISWorld analysts also discuss how external factors such as Housing starts and Corporate profit in the Moving Services industry impact industry performance..

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    What's in this report

    What is the Moving Services Industry?

    This industry provides moving and relocation services, including trucking and shipping of household, institutional and commercial goods.

    Industry Products
  • Residential moving
  • Commercial moving
  • Warehousing and storage
  • Industry Activities
  • Furniture moving services
  • Office furniture moving services
  • Office or institutional moving services
  • Packing household goods
  • Household goods storage
  • Artwork moving services
  • Truck transportation
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts
  • Corporate profit
  • Per capita disposable income
  • Number of businesses

  • Current Performance
  • Demand challenges
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Rising demand from businesses
  • Lacklustre residential demand
  • Potential risks
  • Table: Moving Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Moving Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Apartment & Condominium Construction in Canada
  • Office Furniture Manufacturing in Canada
  • Furniture Stores in Canada
  • Public Administration in Canada
  • Commercial Building Construction in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Auto Parts Manufacturing in Canada
  • SUV & Light Truck Manufacturing in Canada
  • Truck & Bus Manufacturing in Canada

  • Products & Services
  • Residential moving
  • Commercial moving
  • Other
  • Warehousing and storage
  • Chart: Moving Services Industry Products and Services Segmentation

  • Demand Determinants
  • Demand from households
  • Demand from businesses

  • Major Markets
  • Household consumers
  • Corporate customers
  • Government
  • Chart: Major Market Segmentation for the Moving Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesPurchasesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Moving Services

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Moving Services Industry

  • Industry Globalization
    AMJ Campbell International, UniGroup, Atlas Van Lines Canada, Sirva Inc.,
  • Table: AMJ Campbell International - financial performance
  • Table: UniGroup - financial performance
  • Table: Atlas Van Lines Canada - financial performance
  • Table: Sirva Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Moving Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Moving Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Housing starts (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • The transportation of goods over a short distance via ground freight, often as part of a longer move.
  • Transport Canada
  • The federal agency that regulates interprovincial transportation.
  • Uncrating
  • Removing furniture and goods from packaged crates and boxes.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Moving Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Moving Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Moving Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Moving Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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