Key Takeaways
- The U.S. household goods moving industry revenue reached $19.8 billion in 2023, reflecting a 3.7% year-over-year growth driven by increased relocations.
- Global household goods moving market size was valued at $92.4 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2023 to 2030.
- In 2023, the North American household goods relocation sector accounted for 38% of the global market share.
- U.S. household goods moving industry revenue per employee averaged $285,000 in 2023.
- Average profit margin for U.S. household goods movers was 6.2% in 2023.
- Top 10 U.S. household goods moving companies generated 45% of industry revenue in 2023, totaling $8.9 billion.
- U.S. household goods moving industry employed 145,000 workers in 2023, up 1.8% from 2022.
- Average hourly wage for heavy truck drivers in household goods moving was $26.45 in 2023.
- 62% of household goods moving workforce were full-time employees in U.S. 2023.
- 68% of U.S. consumers used professional movers for household goods in long-distance relocations in 2023.
- Average cost paid by consumers for interstate household moves was $4,800 in 2023.
- 45% of millennials relocated for job opportunities, driving household goods demand in 2023.
- U.S. household goods carriers operated 45,000 trucks in 2023 fleet data.
- Average fleet age for household goods moving trucks was 7.8 years in 2023.
- On-time delivery rate for interstate household goods moves was 92% in 2023.
The household goods moving industry is experiencing strong global growth driven by consumer and corporate relocations.
Consumer Behavior and Trends
- 68% of U.S. consumers used professional movers for household goods in long-distance relocations in 2023.
- Average cost paid by consumers for interstate household moves was $4,800 in 2023.
- 45% of millennials relocated for job opportunities, driving household goods demand in 2023.
- Satisfaction rate with household goods movers was 87% among U.S. consumers in 2023 survey.
- 32% of household moves were local (under 100 miles) in U.S. 2023.
- Online booking for household goods moving services rose to 52% of total bookings in 2023.
- Eco-friendly moving options chosen by 28% of consumers in household goods sector 2023.
- Repeat customers accounted for 41% of household goods moving business in 2023.
- Summer months (June-August) saw 55% of annual household goods moves in U.S. 2023.
- 19% of consumers reported claims for damaged goods in household moves 2023.
- Military relocations represented 12% of total household goods moves in U.S. 2023.
- Average household size moved decreased to 2.8 persons in 2023 U.S. trends.
- 37% of Gen Z consumers preferred full-service household goods packing in 2023.
- Complaint resolution time for household goods movers averaged 7.2 days in 2023.
Consumer Behavior and Trends Interpretation
Employment and Labor
- U.S. household goods moving industry employed 145,000 workers in 2023, up 1.8% from 2022.
- Average hourly wage for heavy truck drivers in household goods moving was $26.45 in 2023.
- 62% of household goods moving workforce were full-time employees in U.S. 2023.
- Labor costs accounted for 38% of total expenses in U.S. household goods moving 2023.
- Number of establishments in U.S. household goods moving reached 7,200 in 2023.
- Turnover rate for drivers in household goods industry was 28% annually in 2023.
- Women represented 12.5% of the household goods moving workforce in U.S. 2023.
- Average age of household goods movers employees was 42 years in 2023 survey.
- Unionized workers in U.S. household goods moving comprised 15% of total labor force in 2023.
- Training hours per new driver hire in household goods averaged 120 hours in 2023.
- Part-time employment in household goods moving grew 4.2% to 22,000 workers in 2023.
- Occupational injury rate in household goods moving was 4.1 per 100 workers in 2023.
- Median annual salary for movers and packers was $38,500 in household goods industry 2023.
- Driver shortage affected 55% of U.S. household goods firms in 2023 survey.
- Hispanic workers made up 35% of household goods moving labor in U.S. 2023.
- Overtime hours averaged 450 per driver annually in household goods 2023.
- Entry-level positions in household goods moving filled 78% by internal promotions in 2023.
Employment and Labor Interpretation
Logistics and Operations
- U.S. household goods carriers operated 45,000 trucks in 2023 fleet data.
- Average fleet age for household goods moving trucks was 7.8 years in 2023.
- On-time delivery rate for interstate household goods moves was 92% in 2023.
- GPS tracking used in 78% of household goods shipments in U.S. 2023.
- Average transit time for cross-country household moves was 7-10 days in 2023.
- Warehouse storage utilization in household goods industry was 65% in 2023.
- Fuel efficiency for household goods trucks averaged 6.2 MPG in 2023.
- Number of interstate household goods carriers registered: 5,800 in 2023.
- Automation in packing reduced labor by 22% for leading household goods firms 2023.
- Carbon emissions from U.S. household goods moving totaled 2.1 million metric tons in 2023.
- Average load factor for household goods trucks was 82% in 2023 operations.
- Third-party logistics used by 34% of household goods moves in 2023.
- Insurance claims for lost goods averaged $1,200 per incident in household 2023.
- Digital inventory systems adopted by 91% of major household goods movers 2023.
- Peak season overload led to 15% delay rate in household goods logistics during summer 2023.
Logistics and Operations Interpretation
Market Size and Growth
- The U.S. household goods moving industry revenue reached $19.8 billion in 2023, reflecting a 3.7% year-over-year growth driven by increased relocations.
- Global household goods moving market size was valued at $92.4 billion in 2022 and is projected to grow at a CAGR of 5.2% from 2023 to 2030.
- In 2023, the North American household goods relocation sector accounted for 38% of the global market share.
- U.S. intrastate moving services within the household goods industry generated $6.2 billion in 2022.
- The international household goods moving segment grew by 7.1% in 2023, reaching $15.6 billion globally.
- Corporate relocations contributed 42% to the total U.S. household goods moving market volume in 2023.
- The DIY moving segment in household goods, including rentals, was valued at $4.1 billion in the U.S. in 2023.
- Asia-Pacific household goods moving market expanded to $22.3 billion in 2023, with a CAGR of 6.8% forecasted.
- U.S. household goods moving industry saw 12.4 million moves in 2023, up 2.9% from 2022.
- Europe’s household goods moving sector revenue hit €45.6 billion ($49.2 billion) in 2023.
- Long-distance household moves in the U.S. comprised 15% of total industry volume, valued at $3.0 billion in 2023.
- The U.S. household goods moving market is expected to reach $25.1 billion by 2028 at a CAGR of 4.5%.
- Residential household goods moving accounted for 68% of U.S. industry revenue in 2023.
- Canada’s household goods moving industry revenue was CAD 2.8 billion ($2.1 billion USD) in 2023.
- Post-pandemic recovery boosted U.S. household goods moving by 5.3% in market size during 2022-2023.
Market Size and Growth Interpretation
Revenue and Profitability
- U.S. household goods moving industry revenue per employee averaged $285,000 in 2023.
- Average profit margin for U.S. household goods movers was 6.2% in 2023.
- Top 10 U.S. household goods moving companies generated 45% of industry revenue in 2023, totaling $8.9 billion.
- Cost of goods sold for household goods moving firms averaged 52% of revenue in 2023.
- Average interstate move revenue per household goods shipment was $4,200 in U.S. 2023.
- U.S. household goods moving EBITDA margins reached 9.8% for leading firms in 2023.
- Fuel costs represented 18% of operating expenses for household goods carriers in 2023.
- Average annual revenue growth for U.S. household goods movers was 4.1% from 2018-2023.
- Corporate account revenue in household goods moving grew 8.2% YoY to $7.4 billion in U.S. 2023.
- Profit before tax for U.S. household goods industry averaged $1.23 billion in 2023.
- Depreciation expenses in household goods moving accounted for 7.5% of total costs in 2023.
- U.S. household goods firms with over $10M revenue saw 5.6% profit margin in 2023.
- Insurance premiums as % of revenue in household goods moving was 3.4% in 2023.
- Return on assets for household goods moving companies averaged 11.2% in U.S. 2023.
- Marketing expenses comprised 4.8% of revenue for top household goods movers in 2023.
Revenue and Profitability Interpretation
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