The global corporate relocation service market size is expected to reach US$ 28.35 Bn by 2030, from US$ 17.66 Bn in 2023, at a CAGR of 7% during the forecast period.
Report Coverage |
Report Details |
Base Year: |
2022 |
Market Size in 2023: |
US$ 17.66 Bn |
Historical Data for: |
2018 to 2021 |
Forecast Period: |
2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: |
7.00% |
2030 Value Projection: |
US$ 28.35 Bn |
Figure 1. Corporate Relocation Service Market Share (%), By Region, 2023
The corporate relocation service market plays a crucial role in facilitating the smooth transition of employees and their families when they are required to move to a new location for work purposes. This market encompasses a range of services such as transportation, logistics, housing, and settling-in assistance, all aimed at ensuring a seamless relocation experience for corporate clients.
As businesses continue to expand globally, the demand for corporate relocation services has witnessed significant growth. Companies are increasingly recognizing the importance of providing comprehensive relocation support to their employees, not only to attract and retain top talent but also to ensure their productivity and well-being during the transition.
Market Dynamics:
The global corporate relocation service market is driven by several factors. Firstly, the increasing globalization of businesses has led to a rise in the number of employees being relocated to different countries or regions. This has created a significant demand for relocation services that can handle the complexities of international moves, including visa and immigration requirements, cultural adaptation, and language support.
Secondly, the growing emphasis on employee well-being and work-life balance has prompted companies to invest in comprehensive relocation packages. By providing their employees with the necessary support and resources during the relocation process, companies can ensure a smooth transition and minimize any disruptions to their productivity.
Overall, the corporate relocation service market is poised for growth as businesses continue to expand globally and prioritize the well-being of their employees. By leveraging their expertise and offering innovative solutions, key players in this market can capitalize on the opportunities and drive the market forward.
Key Features of the Study:
- This report provides an in-depth analysis of the global corporate relocation service market, including market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2023-2030), with 2022 as the base year.
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the global corporate relocation service market based on parameters such as company highlights, product portfolio, key highlights, financial performance, and strategies.
- Key companies covered in this study include Graebel Companies Inc., Sirva Worldwide, Inc., RMC Facilities Services, Inc., Crown Relocations, Santa Fe Relocation, FIDI, MSIGTS, Cartus Corporation, AWGI LLC, North American Van Lines, Inc., Arpin Van Lines, Wheaton World Wide Moving U.S, United Van Lines, Mayflower, Bekins Van Lines, Inc., Beltmann Relocation Group, Corrigan Moving, Spike Inc, Eclipse IT, Inc.
- Insights from this report would enable marketers and management authorities to make informed decisions regarding future product launches, upgrades, market expansion, and marketing tactics.
- The global corporate relocation service market report caters to various stakeholders in this industry, including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global corporate relocation service market.
Corporate Relocation Service Market Segmentation:
- By Services
- Policy Administration and Counselling
- Real Estate Service
- Move Management
- Temporary Living
- Destination Services
- Immigration and Global Tax Services
- Expense Management
- By Location Type
- By Period
- Long-term
- Short-term/Assignment basis
- By End-use Industry
- Discrete Manufacture
- Consumer Goods
- Government
- Technology
- Finance
- Oil and Gas
- Pharma
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Top Companies in the Corporate Relocation Service Market
- Graebel Companies Inc
- Sirva Worldwide, Inc.
- RMC Facilities Services, Inc.
- Crown Relocations
- Santa Fe Relocation
- FIDI
- MSIGTS
- Cartus Corporation
- AWGI LLC
- North American Van Lines, Inc.
- Arpin Van Lines
- Wheaton World Wide Moving U.S
- United Van Lines
- Mayflower
- Bekins Van Lines, Inc.
- Beltmann Relocation Group
- Corrigan Moving
- Spike Inc
- Eclipse IT, Inc.