Key Takeaways
- In 2023, the U.S. moving and storage industry generated total revenue of $21.4 billion, marking a 4.2% increase from 2022 driven by post-pandemic relocations.
- Global moving services market size reached $92.5 billion in 2022 and is projected to grow to $145.3 billion by 2030 at a CAGR of 5.8%.
- The self-storage sector in North America accounted for 52% of global self-storage revenue in 2023, totaling $45.2 billion.
- 54% of U.S. consumers used professional movers for their last move in 2023.
- Average distance of U.S. moves in 2023 was 435 miles for long-distance relocations.
- 62% of millennials cited job changes as primary reason for moving in 2023.
- Fleet size per U.S. moving company averaged 25 trucks in 2023.
- Average U.S. self-storage facility size: 46,000 sq ft in 2023.
- 85% of moving trucks were GPS-tracked in 2023 operations.
- U.S. moving industry employed 250,000 workers in 2023.
- Average hourly wage for movers: $18.75 in 2023.
- Self-storage sector jobs grew 3.5% to 150,000 in 2023.
- AI scheduling tools adopted by 23% of firms for labor.
- 67% of moving companies used mobile apps for inventory in 2023.
- Electric vehicle adoption in fleets: 12% by end of 2023.
The moving and storage industry grew significantly in 2023, boosted by post-pandemic relocations and strong global demand.
Consumer Behavior and Trends
- 54% of U.S. consumers used professional movers for their last move in 2023.
- Average distance of U.S. moves in 2023 was 435 miles for long-distance relocations.
- 62% of millennials cited job changes as primary reason for moving in 2023.
- Self-storage usage among U.S. households reached 10.9% in 2023.
- 48% of renters moved in 2023 compared to 22% of homeowners.
- Peak moving season (May-Sep) accounted for 73% of all U.S. moves in 2023.
- 29% of Americans stored items due to downsizing in 2023 surveys.
- Online booking for moving services rose to 41% of transactions in 2023.
- 67% of interstate movers chose full-service options in 2023.
- Average cost paid by consumers for local moves: $1,250 in 2023.
- 38% of moves were DIY with rental trucks in 2023.
- Women initiated 52% of household moves in U.S. 2023 polls.
- 45% of storage users kept items for over 2 years in 2023.
- Remote work influenced 19% of moves to suburbs in 2023.
- 71% of consumers researched movers online before booking in 2023.
- Average household packed 75 boxes for moves in 2023.
- 26% of moves were for family reasons (marriage, birth) in 2023.
- Storage for vehicles (RVs, boats) grew 15% in demand in 2023.
- 55% of Gen Z used portable storage pods for moves in 2023.
- Consumers reported 92% satisfaction with professional movers in 2023.
- Downsizing drove 34% of self-storage rentals in 2023.
- 63% preferred eco-friendly moving companies in 2023 surveys.
- Average move preparation time: 8 weeks for U.S. households in 2023.
- 47% of moves involved pets, complicating logistics in 2023.
- International moves by U.S. expats: 1.2 million in 2023.
- 39% stored seasonal items like holiday decorations primarily.
- U.S. moving companies averaged 4.2 stars on review sites in 2023.
- 51% of seniors used storage during retirement moves in 2023.
Consumer Behavior and Trends Interpretation
Employment and Labor
- U.S. moving industry employed 250,000 workers in 2023.
- Average hourly wage for movers: $18.75 in 2023.
- Self-storage sector jobs grew 3.5% to 150,000 in 2023.
- 42% of movers were part-time seasonal workers in 2023.
- Turnover rate in moving industry: 28% annually in 2023.
- 15% of workforce held CDL licenses for trucks over 26k lbs.
- Female employment in industry: 22% in 2023, up from 18%.
- Training hours per new mover: 40 hours average in 2023.
- Unionized workers: 12% of total moving labor force.
- Median age of movers: 34 years in 2023 BLS data.
- Overtime pay averaged 1.5x rate during peak season.
- 7,500 new jobs added in self-storage construction 2023.
- Injury rate: 4.2 per 100 workers in moving ops.
- Dispatchers comprised 8% of workforce, avg salary $52k.
- 65% of workers had high school diploma or equivalent.
- Benefits coverage: 58% offered health insurance.
- Customer service reps: 5% of staff, turnover 19%.
- Immigrant workers: 32% of moving labor in 2023.
- Average tenure: 2.8 years per employee.
- Managers earned avg $68,000 annually in 2023.
- 11% growth projected for jobs through 2030.
- Warehouse staff: 18% of total employment.
- Certifications held: 45% had safety certs.
- Gig economy movers: 14% via apps like Dolly.
- Overtime hours averaged 12 per week in summer.
- Diversity: 41% non-white workers in 2023.
- Packers specialized: 9% of workforce.
- Unemployment rate in sector: 3.1% in 2023.
Employment and Labor Interpretation
Market Size and Revenue
- In 2023, the U.S. moving and storage industry generated total revenue of $21.4 billion, marking a 4.2% increase from 2022 driven by post-pandemic relocations.
- Global moving services market size reached $92.5 billion in 2022 and is projected to grow to $145.3 billion by 2030 at a CAGR of 5.8%.
- The self-storage sector in North America accounted for 52% of global self-storage revenue in 2023, totaling $45.2 billion.
- U.S. household goods moving revenue hit $18.7 billion in 2023, with long-distance moves contributing 65% of that figure.
- Europe's moving and storage market was valued at €28.4 billion in 2022, expected to reach €36.1 billion by 2028.
- In 2023, the Asia-Pacific region's storage market grew by 7.1% YoY, reaching $15.8 billion due to urbanization.
- U.S. commercial moving services revenue increased to $4.9 billion in 2023, up 3.8% from prior year.
- Self-storage facilities in the U.S. numbered 52,000 in 2023, generating $39 billion in annual revenue.
- The international household goods moving segment was worth $8.2 billion globally in 2023.
- Canadian moving industry revenue stood at CAD 2.8 billion in 2023, with 6.2% growth.
- U.S. storage unit rental rates averaged $120 per month in 2023, up 5% from 2022.
- 42% of U.S. moves in 2023 were local (under 100 miles), generating $7.8 billion in revenue.
- Global portable storage market valued at $2.1 billion in 2023, projected CAGR 6.4% to 2030.
- UK moving services market size was £3.2 billion in 2023.
- U.S. military relocation services revenue reached $1.2 billion in FY2023.
- 28% of Americans moved in the past 5 years, fueling a $19.5 billion residential moving market in 2023.
- Self-storage occupancy rates in U.S. averaged 92.5% in Q4 2023.
- Australia's storage industry revenue hit AUD 1.4 billion in 2023.
- Corporate relocation market globally valued at $12.5 billion in 2023.
- U.S. intrastate moving revenue was $6.3 billion in 2023.
- 35 million Americans plan to move in 2024, boosting projected industry revenue to $22.8 billion.
- Latin America storage market grew to $3.7 billion in 2023 at 8.2% CAGR.
- U.S. piano and specialty moving revenue: $450 million in 2023.
- India moving services market size: INR 45,000 crore in FY2023.
- Europe self-storage revenue: €7.5 billion in 2023.
- U.S. student moving services: $1.1 billion annually.
- Global climate-controlled storage market: $18.9 billion in 2023.
- Brazil moving industry revenue: BRL 12.5 billion in 2023.
- U.S. wine storage market segment: $850 million in 2023.
- Middle East storage market: $2.3 billion in 2023, CAGR 9.1%.
Market Size and Revenue Interpretation
Operational Statistics
- Fleet size per U.S. moving company averaged 25 trucks in 2023.
- Average U.S. self-storage facility size: 46,000 sq ft in 2023.
- 85% of moving trucks were GPS-tracked in 2023 operations.
- U.S. moving industry handled 27 million moves annually in 2023.
- Self-storage facilities added 5.2 million sq ft of space in 2023.
- Average interstate move took 4.8 days door-to-door in 2023.
- 72% of storage units were 10x10 ft or smaller in 2023.
- Fuel costs represented 22% of moving company operating expenses in 2023.
- Peak day for moves: September 1st, with 1.5 million units booked.
- Insurance claims in moving industry averaged $1,200 per incident in 2023.
- 65% of moves used shrink wrap and padding materials standardly.
- Average truck capacity: 2,500 cu ft for household moves in 2023.
- Self-storage construction costs averaged $65 per sq ft in 2023.
- 91% of facilities offered 24/7 access in 2023.
- Damage rates for furniture during moves: 2.1% in 2023 audits.
- Average employee handles 3.2 moves per week in peak season.
- 78% of interstate moves required customs paperwork in 2023.
- Storage facility energy costs up 12% YoY in 2023.
- 44% of companies used third-party logistics for overflow in 2023.
- Average local move time: 4 hours with 2 movers in 2023.
- Crane usage for piano moves: 18% of specialty operations.
- 96% compliance rate with DOT regulations in 2023 inspections.
- White-glove delivery services grew to 15% of operations.
- Average storage retrieval time: 25 minutes per visit.
- 68% of fleets transitioned to diesel-electric hybrids by 2023.
- Lost item recovery rate: 87% in moving claims 2023.
Operational Statistics Interpretation
Technology and Sustainability
- AI scheduling tools adopted by 23% of firms for labor.
- 67% of moving companies used mobile apps for inventory in 2023.
- Electric vehicle adoption in fleets: 12% by end of 2023.
- Blockchain for tracking shipments piloted by 5% of firms.
- Solar-powered storage facilities: 18% in sunny regions.
- RFID tagging used in 34% of high-value moves.
- Carbon emissions per move down 9% with route optimization software.
- 52% of facilities had smart locks by 2023.
- Drones for inventory counts tested in 2% of warehouses.
- Recyclable packing materials used in 61% of operations.
- VR training modules adopted by 11% of companies.
- Telematics reduced fuel use by 15% in tracked fleets.
- Biodegradable pods introduced by 7% of portable storage firms.
- AI chatbots handled 29% of customer inquiries.
- LED lighting in 88% of modern storage facilities.
- Autonomous trucks in pilot for 1% of long-haul moves.
- Waterless cleaning tech in 23% of warehouses.
- Cloud-based CRM used by 76% of moving businesses.
- Rainwater harvesting at 14% of storage sites.
- 3D scanning for precise packing in 8% of specialty moves.
- Zero-waste certifications held by 4% of companies.
- IoT sensors monitored 41% of climate-controlled units.
- Electric forklifts: 19% fleet replacement in 2023.
- Digital twins for facility layout in 3% of new builds.
- Recycled cardboard boxes supplied to 55% of clients.
- Predictive maintenance software in 27% of truck fleets.
- Wind energy powered 9% of large storage chains.
Technology and Sustainability Interpretation
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