The global moving services market was valued at more than USD 9 billion in 2016 and is expected to surpass USD 11 billion by 2021.
Procurement market intelligence analysts have announced its latest market research report on moving services for the period 2017-2021. This market analysis discusses the major drivers and key emerging trends that will influence the growth of the moving services market during the forecast period. Some of the top vendors listed in this industry analysis include UniGroup, DB Schenker, Agility, Atlas World Group, and Crown Worldwide Group.
In terms of geographical analysis, North America was the dominant shareholder in the global market with a market share of around 49% during 2016. The growth of the moving services market in the Americas is attributable to the increased number of corporate moves both international and interstate.
Click here to request a free sample of this report
According to Angad Singh, a procurement specialist at Technavio for research on category spend intelligence, “Suppliers in the global market for moving services are now offering online documentation of goods that are to be transferred along with a checklist of materials that are being used during packing and moving of equipment. These documents are then cross-checked by the client to get transparency on cost by the materials used during packing and the total number of items or equipment that are being shifted. This, in turn, highlights information regarding the number of equipment being moved and cost-break-up from a remote location.”
For report customization, click here
The new procurement market intelligence report analyzes some of the key drivers and trends responsible for the growth of this market and its sub-segments.
Rise in number of corporate relocations
Corporate globalization is one of the fundamental driving forces behind the growth of the global moving services market. The expansion of geographical presence by businesses to foreign markets and explore new opportunities is augmenting the demand for moving services on a global scale. The trend is anticipated to continue throughout the forecast period, thereby fueling further growth of the global market for moving services.
Streamlining of documentation for moving service
The adoption of technology makes it possible to streamline transit process. Clients can be billed online, which saves time and resource along with online documentation of the equipment that is being transferred. Furthermore, buyers can have easy access to documentation related to transit through the app or web-based portal provided by the supplier.
Growth in number of reliable movers who have expertise in handling customs which vary for countries
Regional associations such as AMSA, BAR, and FEDEMAC have been actively evaluating moving services suppliers based on their service quality. The services that are evaluated include handling of equipment, compliance with labor laws, HOS, and efficiency in customer service. This has a positive impact on the confidence levels buyers have on suppliers as certifications suppliers acquire from such associations makes for a testament to quality services.
A more detailed analysis is available in the procurement market intelligence report titled, ‘Global Moving Services – Procurement Market Intelligence 2017’.
Get more information on procurement market intelligence at https://www.spendedge.com/
