Rising Demand of Moving Services in India
Most people relocate at least once in their lifetime. If you’ve moved in the last year, you are one of 28.5% of Indians that also changed scenery. Whether you’re moving to a new house, relocating to a different city or downsizing after the kids go to college, the moving industry is as active as it has ever been. In fact, the total economic impact of the moving industry in 2016 was $85.7 billion.
The relocation industry is changing with the times, though. For example, Millennials are moving significantly less than previous generations. This is despite being less tied down to one place with mortgages, spouses and children. As of 2017, 17 million Indians live outside the country, and at least 5 million of them are in the Gulf region. A report published by the United Nations said 17 million Indian-born people live outside the country. Of these, at least 5 million live in the United Arab Emirates and Saudi Arabia and 2 million in the United States of America. (Report : https://www.un.org/development/desa/en/news/population/international-migration-report-2017.html)
The most common reasons to move for 2009, in descending order, are:
Wanted new or better home/apartment – 14.5%
Other family reason – 11.5%
Wanted cheaper housing – 11.1%
Other housing reason – 9.7%
To establish own household – 9.5%
New job or transfer – 8.7%
Wanted own home, not rent – 5.5%
Change in marital status – 5.4%
To be closer to work/easier commute – 5.05%
Wanted better neighbourhood/less crime – 5.04%
Other reasons – 4.8%
To look for work or lost job – 2.7%
To attend or leave college – 2.6%
Health reasons – 1.6%
Other job-related reason – 1.0%
Change of climate – 0.5%
Retired – 0.4%
Natural disaster – 0.36%
How Relocation Industry In India Is Getting Ready For A Super Growth?
India has turned into the technology hub for the entire world today. Advent of these highly technology advancements in India has raised the standard of living amongst the people. People are shifting from small house to the bigger one with the raise in their income levels; same is the case with corporate companies too. They are shifting from small office spaces to large ones to accommodate more employees in the office comfortably. Irrespective of the reasons behind, the need for professional relocators is at a surge in India. The packers and movers companies in India is preparing itself to addresses the rising needs to experience the super growth in the industry.
With the rising demand from the movers, the packing & moving industry has come with many other additional services that keep the client’s worry free even if they have to move to a new location within a short notice.
How traditional concepts of relocation is changing – Gone are the days when one needed to visit offline stores, read news-papers and ask for suggestions from friends about which moving companies were good or bad. The use of advance technologies for moving stress-free has created a new segment in the relocation sector, which strives to do some radical changes and modifications. Now, with the help of online sources you can contact packing & moving companies, compare reviews and read the testimonials to actually take an idea about which company to choose.
Which factors are helping the relocation industry grow at a speedy rate – The relocation industry is growing at a remarkable speed because of various factors some of which necessarily include a growing floating population in India, rise in the number of nuclear families and the need for effortless relocation services. With such remarkable growth and improvements, it is notable to say that the Indian relocation industry is readying for greater developments.
How relocation companies are leveraging on the growth deciders – The relocation companies are now leveraging on the know- how of technology to ensure people get to avail improved range of credible development when they avail the service. The use of advanced software, mobile applications, GPS tracking system, tracking tools, etc., are revolutionizing the way the Indian relocation industry works.