1. According to the American Moving & Storage Association, the moving and packaging industries generate $10 billion a year.
2. Demand for home moving franchises is huge. homeowners frequently need to move, especially in larger cities with dense populations. Home moving franchises service residents that are moving houses, apartments, townhouses, condos, and even college dorm rooms. Some companies may also offer business services in addition to home moving, which allows them to diversity their offerings and service businesses that are moving locations.
3. Top home moving franchises include Two Men and a Truck, College Hunks Hauling Junk & Moving, and Go Mini's Moving & Portable Storage.
4. 44% of individuals use moving companies, with 73% of those being homeowners requiring assistance in moving household items.
5. The average mover in the United States is reportedly aged 18 to 34 and have one or two children. As people age, they tend to move less often and so do not require home moving services as often as younger families. Millennials, however, have been reportedly moving less than other generations, such as Generation X. This can be attributed to factors such as low levels of homeownership for Millennial families, lending restrictions, and increasing student debt.
6. Top states that most people are moving to include South Dakota, Vermont, Oregon, Idaho, and South Carolina. States with the most people moving out include New Jersey, Illinois, and New York.
7. Self-storage solutions and moving pods are a rising trend in the moving industry. The self-storage and moving industry is expected to reach $71 billion in revenue in 2020.