Relocation Industry: 3 Trends to Expect in 2024 and Beyond

When it comes to business ownership, determining where to invest your money – especially if you want to start your own company and be your own boss – requires extensive research and planning to ensure you’re investing wisely.

One industry which has the potential for growth – as well as sustainability – is the relocation industry, specifically in the world of moving. Franchise brands, like TWO MEN AND A TRUCK®, provide relocation options for a wide customer base: residential customers, business clients, long-distance relocations, and more.

Moving is a need people are willing to pay for, as it’s full of stress, scheduling, and plenty of additional hurdles customers don’t always want to manage on their own. This is where businesses in the relocation industry come in: taking the stress and hassle out of this process.

So, what kind of relocation industry statistics are there to show the potential of the business? Let’s go over a few!

Relocation industry statistics: High sales potential

A relocation business like TWO MEN AND A TRUCK operates under a franchising model, which allows people to invest into our proven model, open their own locations, and operate their own moving companies under the umbrella of our established franchised brand.

It’s built for success, too, and this is reflected in the $3.2 million annual average gross sales for TWO MEN AND A TRUCK franchises system-wide.

Relocation industry statistics: A growing industry

One of the main selling points within the relocation industry and moving businesses is the continued growth it’s experiencing.

According to research done by the Joint Center for Housing Studies of Harvard University, more than 40 million Americans move each year – which is nearly 13 precent of all Americans. Similarly, Oncue reports that the moving industry generates nearly $86 billion in revenue each year.

Relocation industry statistics: A proven track record of success

For TWO MEN AND A TRUCK, our franchise model and the franchisees who are part of it speak for the success and potential of the relocation industry and franchised moving businesses.

Of all the franchisees in our system, 20% of them own two franchises, and 26% own three or more locations. On the same note, 94% of our franchisees said they would invest in TWO MEN AND A TRUCK again if they were to start over.

Interested in learning more about the relocation industry and moving businesses like TWO MEN AND A TRUCK? Click here!