What is the problem most moving companies have to deal with year after year, season after season? You need to know the amount of manpower and moving equipment that you will need this moving season. Whether it’s the size of moving trucks, the number of people per moving crew, the volume of packing materials that you need to secure, etc. – it all comes down to you having the right information. You need a reliable source of moving company news. Invest too much, and you can quickly end up at a loss. Prepare too low a number of resources, and you risk missing out on some profitable relocation jobs. So, what is the best way to get it just right? Perhaps knowing the most profitable relocation types and sizes of moves this season can help you make the right call.
How has COVID-19 affected the most profitable relocation types and sizes in 2020?
With such a crisis occurring on a worldwide scale, the effects can be very damaging to industries as wholes. A lot of industries such as tourism, travel, sports, retail, construction, transportation, etc. have taken a beating in 2020 due to COVID-19. On the other hand, the moving industry, having been declared an essential service – has been thriving in 2020. People in urban metro areas have proven to be more than inclined to relocate to rural and spacious parts of the country. That search for less crowded spaces surrounded by nature has resulted in some very positive results for professional moving companies in 2020, especially in terms of long-distance and cross-country moving.
How can you benefit from our research?
As a benefactor of the relocation industry, and one that focuses on seasonal moving industry trends and statistics, Movers Development does all it can to aid our clients in their endless pursuit for market dominance. That is why so many of our clients rely on the insights and professional advice that our team offers them.
With us, you can ensure that the money, time, and energy you invest in this busy season will return to you several times over. And all it takes is focusing your efforts on the right type and size of moves. The combined data we gathered from various organizations within the moving industry have led us to the conclusion of which sizes of moves are most popular this year. And the results will probably take you by surprise:
Our findings for 2020:
Residential moving needs are still those that bring in the most business for moving companies across the US and the world. Whether it’s due to escaping the outbreak, finding new job opportunities, seeking shelter with relatives, or simply looking to reduce the stress of the entire situation – moving to a different home has been a trend this past year. And so, residential moving has definitely become the most profitable type of relocation for moving companies in 2020.
So, here is the result of our research on the ratio in moving sizes in 2020:
- 1 Bedroom Home Relocation – 31.61%
- 2 Bedroom Home Relocation – 20.32%
- 3 Bedroom Home Relocation – 18.47%
- Partial Moves – 13.43%
- Studio Moves – 10.37%
- 4+ Bedroom Home Relocation – 5.80%
The following data was gathered from the combined statistics and input of diverse US-based organizations such as AMSA, United Van Lines, Let’s take a look at the different types of moves and how 2020 affected those so far:
- Individuals that hire moving companies (51%)
- Corporate relocation projects financed by companies (29%)
- Military moves(18%)
- Fed Government (2%)
When compared to 2019, we can see a clear shift from commercial moving projects to individual and military-based ones. Since a lot of small businesses felt the financial strain of the pandemic, they were forced to either close down or pause their activities. On the other hand, military personnel was needed to maintain and control the outbreaks across various cities. And that finally leaves us with individuals, those looking to escape the pandemic hotspots and those looking to find employment in other locations.
Our findings for 2019:
So, here is the result of our research on the ratio in moving sizes in 2019:
- 1 Bedroom Home Relocation – 28.81%
- 2 Bedroom Home Relocation – 21.16%
- 3 Bedroom Home Relocation – 20.27%
- Partial Moves – 12.69%
- Studio Moves – 9.37%
- 4+ Bedroom Home Relocation – 7.70%
The following data was gathered from the combined statistics and input of diverse US-based organizations such as AMSA, United Van Lines, MyMovingReviews, Atlas Van Lines, etc. Another relevant fact worth mentioning here (and the reason why we are focusing on residential moves) is the relocation ratio according to the types of moves:
- Individuals that hire moving companies (44%)
- Corporate relocation projects financed by companies (39%)
- Military moves(16%)
- Fed Government (1%)
How can your moving business profit from our list of the most profitable relocation types and sizes?
The average size of a residential move can prove to be very beneficial for your moving business. It would help you organize and plan your company resources in the most optimal manner possible. As a result, you would be able to ensure maximum gain with the moving resources you have at your disposal. And for a developing a moving company, nothing is more important, especially during the peak of the moving season.
With all this useful information at your disposal, you can now properly balance and focus your moving resources. Not only that, but you can also find the time and energy to invest in preparing your website for the upcoming season, not to mention focus your marketing efforts on the target audience in question. Rather than chasing blindly after all moving jobs you can find, you should focus your efforts on ones that can bring you the most revenue in the shortest amount of time. However, if you are more focused on the appeal of nationwide relocation routes, you are welcome to revisit our take on the most popular interstate routes.