Employee Relocation Services in the US - Market Research Report (2014-2029)
New York, United States
Last Updated: June 2024
NAICS OD5671Revenue
$33.5bn
Past 5-Year Growth
Profit
$X.Xbn
Employees
241k
Businesses
200k
Wages
$X.Xbn
Employee Relocation Services in the US industry analysis
Demand for employee relocation services is highly linked to economic activity and the housing market. Since these indicators shift often, revenue is often volatile for providers. COVID-19 caused governments to shut down businesses and enforce quarantines, severely reducing economic activity. Corporations had less money to spend on employee relocation services, so the industry took a big hit. The pandemic recovery has resulted in a surge in consumer spending, boosting corporate profit and aiding revenue growth in 2021 and 2022. Increased business formation and employment raised the supply of potential customers for the industry, so this trend also boosted companies’ performance. To reduce inflation, the Federal Reserve has been raising interest rates over the past few years. Since the cost of borrowing has surged, fewer people have been purchasing homes, reducing downstream demand for providers. Overall, revenue for employee relocation service companies is anticipated to inch upward at a CAGR of 0.1% during the current period, reaching $33.5 billion in 2024. This includes a 0.3% drop in revenue in that year.
Trends and Insights
- Revenue for employee relocation service companies has held steady during the current period. Soaring corporate profit and business formation benefited the industry immediately following the pandemic, but rising interest rates have created malaise for service providers.
- The cost of purchasing a home has risen as interest rates have inched upward, so spending on real estate services has declined. Employees have still moved across the country to rent in other states, so demand for moving assistance services has expanded.
- The West region contains the largest technology companies in the country. Since these companies have operations throughout the entire nation, they often ask their employees to move, leading to a high penetration of establishments in this region.
- Barriers to entry for this industry are modest since providers don't purchase much physical capital. Moderate barriers to entry raise the number of employee relocation companies, which keeps consolidation muted.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.1 % over the past five years, to reach an estimated $33.5bn in 2024.
Trends and Insights
Migration trends have influenced revenue growth
- When the pandemic hit, lockdowns and social distancing measures forced individuals to stay in their homes. Since these restrictions ruined the fun of living in major cities, many households packed their bags and moved to more suburban and rural regions, boosting the need for employee relocation services in 2020.
- Additional trends and insights available with purchase
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Steady income growth will cause revenue to expand
- Despite current economic challenges related to inflation, rising interest rates and recessionary fears, GDP growth will rise steadily during the outlook period.
Biggest companies in the Employee Relocation Services in the US
| Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Employee Relocation Services in the US industry for IBISWorld to include in this product.
Products & Services Segmentation
Employee Relocation Services in the US
Products & Services
Industry revenue is measured across several distinct product and services lines, including Real estate and housing services, Moving assistance services and Family assistance and other services. Real estate and housing services is the largest segment of the Employee Relocation Services in the US.
Trends and Insights
Spending on real estate services has fallen amid rising interest rates
- Real estate services are used by employee relocation companies to help workers find a new home. They include home sale assistance, lease cancellation, mortgage assistance, home-finding trips and home purchase. These services are some of the prime functions of this industry, so real estate services make up more than half of revenue.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Moving Services in the US
- Real Estate Sales & Brokerage in the US
- Property Management in the US
Complementors
- Apartment Rental in the US
- Home Builders in the US
International industries
- Moving Services in Canada
- Removalists in Australia
- Removal Services in the UK
Table of Contents
About this industry
Industry definition
This industry offers employee relocation services that aim to simplify the moving process. Companies provide departure services, which include home sale assistance, property management and moving services. The industry also offers destination services, including temporary housing and home finding to rental and mortgage assistance.
What's included in this industry?
Real estate and housing servicesMoving assistance servicesFamily assistance servicesCompanies
Purchase this report to view all major companies in this industry.
Related Terms
FORECLOSUREMORTGAGE LIENRELOCATIONINITIATIONSIndustry Code
NAICS 56149 - Employee Relocation Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Revenue for employee relocation service companies has held steady during the current period. Soaring corporate profit and business formation benefited the industry immediatel...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
The cost of purchasing a home has risen as interest rates have inched upward, so spending on real estate services has declined. Employees have still moved across the country ...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2024
- Product innovation level
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
The West region contains the largest technology companies in the country. Since these companies have operations throughout the entire nation, they often ask their employees t...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each state in 2024
- Number and share of revenue each state accounts for in 2024
- Number and share of wages each state accounts for in 2024
- Number and share of employees in each state in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Barriers to entry for this industry are modest since providers don't purchase much physical capital. Moderate barriers to entry raise the number of employee relocation compan...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Since this industry provides services, there are very few physical barriers to entry. Many individuals can easily become employee relocation service providers, increasing the...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
Detailed analysis
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Providers are subject to a host of different regulations. These relate to the use of moving trucks, mortgage lending, credit reporting and pollution.
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit has ebbed and flowed with the industry's performance. Profit declined during COVID-19 as revenue dropped, while these trends reversed as demand for employee relocation...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Industry Multiples (2017-2022)
- Industry Tax Structure (2017-2022)
- Income Statement (2017-2022)
- Balance Sheet (2017-2022)
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
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Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
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Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Employee Relocation Services in the US industry in United States in 2024?
The market size of the Employee Relocation Services in the US industry in United States is $33.5bn in 2024.
How many businesses are there in the Employee Relocation Services in the US industry in 2024?
There are 200k businesses in the Employee Relocation Services in the US industry in United States, which has grown at a CAGR of 3.7 % between 2019 and 2024.
Has the Employee Relocation Services in the US industry in United States grown or declined over the past 5 years?
The market size of the Employee Relocation Services in the US industry in United States has been growing at a CAGR of 0.1 % between 2019 and 2024.
What is the forecast growth of the Employee Relocation Services in the US industry in United States over the next 5 years?
Over the next five years, the Employee Relocation Services in the US industry in United States is expected to grow.
What does the Employee Relocation Services in the US in United States include?
Real estate and housing services and Moving assistance services are part of the Employee Relocation Services in the US industry.
How competitive is the Employee Relocation Services in the US industry in United States?
The level of competition is high and steady in the Employee Relocation Services in the US industry in United States.
