3 Moving Industry Statistics You Need To Know

For investors looking to make that next push into a lucrative business opportunity, one area which should be strongly considered is the moving industry – particularly with franchised moving companies.

Moving companies like TWO MEN AND A TRUCK® provide great opportunities for revenue and continued growth. At TWO MEN AND A TRUCK, we offer a much-needed service to customers with our professionally trained movers and diversified revenue streams. From local home moving to long-distance relocation, storage, packing services, junk removal, and more, we’re able to act as a one-stop-shop for customers and their moving needs, which is reflected in our continued growth as a brand.

Are you considering investing in the moving industry and looking for more information on important statistics to ease your mind?

We’ve got you covered!

Steady growth in the industry

While the COVID-19 pandemic and a slow housing market have certainly had an impact on the moving industry, things are still looking up.

According to information from the Better Business Bureau, the moving industry is expected to experience a compound annual growth rate of 1.1% in revenue from 2023 to 2028, reaching $22.9 billion by the end of that timeframe.

This signals growth for the industry over the next four years, which is a positive sign for anyone looking to invest.

Home sales are expected to rise in 2024 and beyond

As mentioned above, the housing market has been tough the past few years, but this is expected to change moving forward.

Research from the National Association of Realtors shows a projected 13% increase in existing home sales for 2024, and a 15.8% increase in 2025. This bodes well for all moving businesses, as more people moving just means more people hiring professional movers.

With the industry trending in the right direction, there is more and more potential for growth and revenue with companies like TWO MEN AND A TRUCK.

TWO MEN AND A TRUCK continues to pave the way in the moving space

Part of what sets TWO MEN AND A TRUCK apart from other moving operations is because we’re known as the movers people can trust.

For more than 35 years, we’ve gone above and beyond the normal expectations of professional movers, offering the highest-quality services, top-of-the-line moving equipment, and professionally trained movers on every move to ensure customers are satisfied with their moving experiences.

These efforts have received national recognition yet again in 2024, as we were recently featured at No. 128 on Entrepreneur’s Franchisee 500 list, which listed us as the #1 option in option in the moving/junk removal space.

With the housing market set to rebound and our brand reputation already in hand, there has never been a better time to invest in TWO MEN AND A TRUCK.

If you’re interested in learning more about how you can get involved, click here!