Industry Analysis & Industry Trends
Demand for removal services is highly dependent on activity in the residential and commercial property markets, and customers' willingness to spend on the range of extras that specialist removal firms offer. The industry has been recovering lost ground in recent years and revenue is expected to increase at a compound annual rate of 1.2% over the five years through 2016-17. The industry is forecast to generate revenue of £961.4 million in the current year, a modest increase of 0.9% on the previous year. Since operators rely on the road, high fuel prices at the beginning of the period negatively affected industry players. However, more recent falls in fuel prices should bode well for average industry profit margins in 2016-17... purchase to read more
Industry Report - Industry Locations Chapter
The bulk of industry revenue is generated by providing services to households and businesses. Establishment locations therefore tend to follow the pattern of population and business distribution. Locations are skewed towards wealthier areas, where movers can afford to use more industry services, for example packing and relocation. For this reason, regions in the south of the United Kingdom, and especially London, have shares of establishments that are greater than their shares of population.
London is the largest market, not just because of the large population base, but also because it is a major global city and a centre for commerce. Companies from all corners of the globe have offices in London, especially those in the financial and banking industries. Man.. purchase to read more