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Employee Relocation Services in the US - Industry Market Research Report

Employee Relocation Services in the US - Industry Market Research Report

  • November 2021
  • 36 pages
  • ID: 1156755
  • Format: PDF
  • Ibisworld


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Moving up: Growing economy and rising corporate profit are expected to support industry revenue growth


Employee Relocation Services

The Employee Relocation Services industry has a low level of market share concentration. Although the industry is fragmented with a fair number of small establishments that cater to specific regions, larger multinational companies generate a larger portion of industry revenue. The four largest players in this industry are Cartus Corporation, Sirva Inc, Brookfield Asset Management Inc. and Weichert Workforce Mobility Inc..

Multinational corporations limit regional operators’ growth

• The Employee Relocation Services industry has a low and steady level of barriers to entry. While many large industry operators have access to larger clients, the factor is not as important among companies that operate on a regional basis. Some smaller industry players only specialize in certain service segments of this industry such as home sales or move management. However, it is still difficult for industry entrants to compete with large, multinational corporations that have locations across various continents and have a wider range of expertise. Providing relocation services can also be difficult for small players due to the variety of other services that are typically offered outside of simply moving services. Operators are typically required to provide assistance in home sales, providing home equity advances, home finding and expense processing. To do this, most businesses require other businesses that specialize in real estate franchise, real estate brokerage, and title and escrow services. These businesses can be more difficult to enter as they rely on a large sales force and marketing programs as well as technology to list houses and speed up transactions.

Competition revolves around price and quality of services
• Operators in the Employee Relocation Services industry compete on the basis of brand, quality, price and capacity. Larger operators with an established reputation for quality service in the industry are more likely to attract larger corporate clients. The quality of service is an important factor for competition in the industry as companies that provide fast, efficient and reliable employee relocation services with responsive customer service will attract more clients. Due to the high price often associated with employee relocation services, industry operators that are able to charge competitive fees will be more successful. An industry player’s capacity to handle a variety of employee relocation services will draw in more customers. Companies that provide a wide spectrum of relocation services will be attractive to corporations, government entities and consumers looking for a one-stop shop with regards to relocation services.

This industry offers employee relocation services that aim to simplify the moving process. Operators 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.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

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