Remodelling & Downsizing Office Spaces Expected to Drive Revenue Growth of Office Relocation Service Providers, Says Fact.MR

As per a newly released report on the office relocation services market by Fact.MR, the global market is valued at US$ 10.6 billion in 2022 and is forecasted to expand at a CAGR of 3.3% over the 2022-2032 period.

Market growth can be attributed to factors such as companies moving to remote work or hybrid work models, rising globalization, increasing compliance burdens, competitive advantages & supportive tax incentives to organizations, and many organizations remodelling or downsizing their office spaces.

Throughout the pandemic, office design renovations and the reduction of commercial office space have become increasingly popular. Businesses that have shifted to remote or hybrid workspaces have discovered that they don't require as much space and are shrinking their offices to reduce overhead costs. As a result, demand for business relocation services is projected to rise steadily as companies look at cost savings and finding locations better suited to their business needs, along market players offering better client access & collaboration.

Additionally, there has been an increase in interest across industries in repurposing and rethinking how a company uses its office space. For instance, retail businesses, post-pandemic, devote more room to fulfilling e-Commerce orders than they did before as opposed to floor space for in-person shopping. Similarly, dining rooms have been replaced with 'ghost kitchens' in restaurants. All these factors result in increased need for office resettlement services.

For More Insights into the Market, Request a Sample of this Report: https://www.factmr.com/connectus/sample?flag=S&rep_id=7711

Key Takeaways from Market Study:

• Employee relocation accounts for 41% market share in 2022, being worth around US$ 4.3 billion.
• By end-use industry, technology accounts for 23% market share.
• North America holds 42% market share at present and is projected to reach a valuation of US$ 6.12 billion by 2032.
• Europe will provide an absolute dollar opportunity worth US$ 3.18 billion by 2032.
• The market in North America is projected to expand at the highest CAGR of 3.6% from 2022 to 2032.

“North America accounts for over 40% share in the global office relocation services market and is projected to dominate going ahead as well,” says a Fact.MR analyst.

Leading Players Driving Innovation in the Office Relocation Services Market:

Agarwal Packers and Movers Ltd.; AGS Group; Aires; Altair Global; AMJ Campbell; Asian Express International Movers Ltd.; Asian Tigers Group; AWGI LLC; Biddulphs International; Brytor International Moving; Anywhere Real Estate; Crown Workspace USA; FINK Mobility; Graebel Companies Inc.; Irishrelo; King Companie Usa; NIPPON EXPRESS' Moving Services; Santa Fe Relocation; SIRVA BGRS Worldwide, Inc.; Suddath Van Lines, Inc.; The Paxton Companies; UniGroup; XONEX Relocation LLC.; Mayflower

Market Competition

The office relocation services market is expected to rise on a positive note despite the intense competition in the market. The global spread of COVID-19 fuelled the demand for these services with the introduction of new market players. Furthermore, existing and new market players are taking favourable initiatives to enhance their client base by focusing on varied end users as well as regions.

Office Relocation Services Market News:

In July 2017, Nigerian startup Relocate launched the Provide Home and Corporate Relocation Service. The company is set to offer services for office & home relocation in & out of Lagos city.

In May 2022, BGRS and SIRVA merged to form a new company that would provide household goods & business relocation services.

In November 2020, Gerson Relocation Ltd. announced the purchase of the business and assets of Dijkshoorn Euromovers B.V., which offers moving services in the Netherlands. The acquisition is targeted at expanding the company's presence in the European region.

Get Customization on this Report for Specific Research Solutions:https://www.factmr.com/connectus/sample?flag=S&rep_id=7711

More Valuable Insights on Offer:

Fact.MR, in its new offering, presents an unbiased analysis of the office relocation services market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals essential insights based on service (employee relocation, tech & data center moves, warehouse & factory removal, trade deliveries, office storage, medical facility & lab moves, heavy machinery moves), end-use industry (educational institutes, service/media, discrete manufacturing, government, consumer goods, technology, finance, oil & gas, pharma), and period/duration (long-term basis, short-term/assignment basis), across six major regions of the world (North America, Latin America, Europe, East Asia, South Asia & Oceania, and the Middle East & Africa).

Check out More Related Studies Published by Fact.MR Research:

The global corporate training services market is expected to reach a valuation of US$ 361.7 billion in 2023 and accelerate at a CAGR of 6.4% to top US$ 672.7 billion by 2033.

Expanding at a CAGR of 6.9%, the global building inspection services market is projected to increase from a valuation of US$ 10.8 billion in 2024 to US$ 21.04 billion by 2034.

The global nipple shield market is approximated to value at US$ 199.2 million in 2025. The market is forecasted to expand at a CAGR of 6.3% from 2025 to 2035 to reach US$ 367 million by 2035.

Revenue from the global wireless charging stand market is analyzed to be valued at US$ 497.48 million in 2024. The market is forecasted to increase at a notable CAGR of 7.1% and reach a valuation of US$ 987.8 million by the end of 2034.

The global market for organic textiles accounts for US$ 4.98 billion in revenue in 2024. Moreover, this market is evaluated to grow and reach up to US$ 8.84 billion by the end of the forecast period, which is by the end of 2034.