Removal Services in the UK - Industry Research Report

No removal: The industry's revenue is expected to contract in 2023-24 due to falling business confidence amid inflationary pressures

Demand for removal services is heavily influenced by residential and commercial property market activity and customers' willingness to spend on the range of extras specialist removal firms offer. Brexit led to an uptick in corporate relocations, with many multinational companies seeking to move from London to other places in Europe, with Dublin being the most popular location. According to EY's Brexit Tracker this trend peaked in the immediate aftermath of Brexit, reaching a peak of 12,500 UK-to-Europe relocations in 2016. In Q1 2022, this figure was just over 7,000, signalling a stabilisation and likely the beginning of the end of a prosperous trend for removal service providers. The COVID-19 pandemic had a mixed impact on removal service providers. The initial outbreak led to a standstill in the housing market, with people opting to wait until they had greater certainty over their financial situations before moving house. However, government policies to stimulate the sector significantly ramped up demand for home removals, helping to prevent a complete collapse in profit.

This industry includes all companies that provide removal and relocation services to businesses and households by road. This industry excludes the operation of warehousing and storage facilities.

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.