In the times before the era of the Internet, there was one thing that every single product or service market had in common – things used to change much less rapidly. But with the advent of the digital age, even the most specific niche industries go through big changes in relatively short timeframes. And the moving industry is no different; which is why it’s important to keep up with all the latest trends in the relocation game, especially for small business owners. With that in mind, we’ve prepared the most important moving industry updates for you, right here!
Interstate Moves vs Local Moves
Obviously, understanding where people are relocating is a key part of keeping up with moving industry updates. No self-respecting moving company would allow itself to fall behind on such an important piece of information. After all, knowing why people move, and where they’re going, allows you to adapt your business in a way that will increase your customer base and profits.
With that in mind – how do the relations between local and interstate moves look in 2019? Judging by the previous year, the decline of interstate moves in favor of local ones will continue. In the past few years, people have been moving locally more and more. In fact, the previous fiscal year saw a drop in interstate moves of 5%, compared to local relocation. Bearing this in mind, many moving companies will probably have to adjust the volume of their services towards local moves, more than long-distance relocations.
/caption: Knowing why and where people relocate is crucial for moving companies! /alt: The steering wheel of a moving truck.
What is causing this shift towards local moving?
The cause behind the increased number of local moves is not particularly clear – though many point to the economy becoming more geographically spread out. Really, this is no wonder – the rapid rise of the Internet in the past few decades has given way to the creation of countless new jobs. Not only that but entirely new industries – most of which are completely independent of location, seeing as everything is done on the cloud. So, people have much more freedom when it comes to where they’ll live and work. And it seems that many of them would move somewhere closer to home, if they had the opportunity.
Also, this sort of shift has influenced the moving industry in more ways than one. Apart from the shift towards local moves, it has also completely changed the way moving companies communicate with their client base. Online reviews and moving quotes mean that companies have to compete for customers with quality services. And this is a change that has been steadily gathering steam over the previous decade. We predict that 2019 will be no different. More specifically, we predict that moving companies will generate more leads by using smart software than ever before.
Moving industry updates in relation to other sectors
Obviously, we can’t talk about recent moving industry updates without at least partially touching on other relevant service industries. Bearing that in mind, in the following year, we predict a rise in digital industries related to the relocation sector. Primarily, we are talking about companies like Movers Development, offering software solutions to the moving industry. Apart from the modern digital companies arising to meet the new needs of analog industries, some of the older markets are showing interesting changes as well.
For example, it seems this year will see a continued rise of 1-bedroom relocations. Indeed, people are moving out of smaller houses and apartments in increasingly great numbers. For the moving industry, this statistic showcases the volume of households they will be dealing with in the future. But it also shows that the real estate market seems to be improving, seeing as more and more people are moving into bigger homes. Obviously, real estate affordability is on the rise.
Naturally, while e-commerce is important for the moving industry, paying attention to the major trends is important as well. Which is why no highlight of moving industry updates is complete without a report on projected growth. As people interested in this sector will be happy to learn – the outlook for the next period is extremely positive! In fact, estimates show that the gross revenue of the moving industry will increase by 1.4% in 2019. Obviously, these are some very promising figures.
With that in mind, it’s no wonder that the number of moving companies has grown as well. The relocation industry has always been an extremely competitive market. After all, a large number of companies are offering similar services to a wide but homogenous customer base. Obviously, this is a market where the only important distinction is quality. Still, though – the number of businesses in this industry has increased by 1.7% in the previous year, which is a trend most experts predict continuing in 2019 as well!
Busiest routes and dates
While the moving industry is everchanging – there are some things which remain constant. For example, one unwritten rule of the moving industry will remain in place – the summer is the busiest time of the year. Obviously, most people prefer moving when the weather outside is at least bearable, and there’s no snow and rain. This isn’t something we predict changing in 2019 either, with the end of August slated to be the busiest for moving companies.
When it comes to where people are moving at a longer distance, there are two routes that particularly stand out. The corridor between New York and Florida will stay one of the busiest moving routes, along with the one between Texas and California.