The start of the year 2020 seemed very positive and promising to various industries, and one of them is the moving industry in Boston. Not only movers in Boston, but the movers across the country were expecting an overwhelming demand for customers. But, as with the many other businesses, the outrage of COVID-19 significantly affected the industry of moving services as well. But, with time, the market has managed to get back on track. The revenue of the industry was decreased by around 21% in the year 2020. If the fatal virus would not have invaded the world, the marketplace was all set to increase its revenue by 1.7 percent as predicted by the experts. With that being said, it has been reported that the market in the US is yet to be grown by around $1.95 billion in the period of 2020 to 2024. It is expected to progress at a CAGR of 2%.

Unlike other industries, packers and movers managed to keep their business alive. Most of them tried their best to keep up with the safety measures. On top of that, the decreasing prices of real estate also contributed a lot to help the marketplace stay a bit close to the track.

The reasons behind the growth of moving companies in Boston or anywhere in the US are quite obvious. The marketplace is driven by the enormous growth of real estate after the lockdown. The emerging growth of the real estate industry has increased the demand for moving services in recent years. Not only real estate, the immigrants, and increasing employment opportunities in the country contribute a lot to the increasing demand of the industry.

A recent study also suggests that bringing in the use of CRM and the analytics of engagements to be the primary cause of the increase in corporate relocation. It is being predicted these services will be widely used, making it easier for the movers to manage and scale their business. Apart from this, companies that will stick to the specific niches will also witness an enormous demand in the coming years. As per the report on the moving services in the US, apart from the CRM and analytical engagements, there are mote trends and challenges to take place.

But, we’re not sure that the marketplace is sure to boom in the upcoming years, it all boils down to how fast this fatal virus is going to fade away from the world. Having said that, the economic uncertainty is slowly going away, and if the graph of people getting infected by the coronavirus remains the same or improves more, we can easily anticipate the industry to significantly improve by 2025.


Contact Us:
Stairhoppers Movers
420 Rutherford Ave,
Boston, Massachusetts 02129, USA
Phone: (857) 928-0876
Email: [email protected]
https://stairhoppers.com