Global Relocation Management Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Relocation Management Service Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Relocation management services provide HR personnel and mobility professionals with relocation solutions. Relocation management professionals supply the necessary tools for companies and mobility professionals to track, administer, and manage relocation benefits and programs. These professionals offer services such as policy development and counseling, home sale assistance, relocation expense tracking, visa and immigration services, and rental or temporary housing assistance.

Market Overview:

The latest research study on the global Relocation Management Service market finds that the global Relocation Management Service market reached a value of USD 31655.17 million in 2022. It’s expected that the market will achieve USD 38575.14 million by 2028, exhibiting a CAGR of 3.35% during the forecast period.

Short-term impact on the industry

The sudden onset of the COVID-19 pandemic has led to strict lockdown regulations in many countries, resulting in reduced or even disruption of relocation management services activities. COVID-19 can affect the global economy in three main ways: directly affecting production and demand, causing supply chain and market disruptions, and financially affecting companies and financial markets. The outbreak of the COVID-19 pandemic has seriously affected the operations of enterprises in all walks of life, indirectly affecting the development of international business and the expatriation of personnel, resulting in a decrease in the cooperation between enterprises on relocation management services. Moreover, during the epidemic, the border restrictions and policies in various countries and regions are relatively strict, which is not conducive to the development of relocation activities.

Impact of Russia and Ukraine War

The geopolitical conflict between Russia and Ukraine has a greater impact on the global energy and commodity markets, and the escalation of the conflict increases the possibility that commodity prices will remain high for a longer period of time. It exacerbates the threat of prolonged high inflation, thereby increasing the risk of stagflation and social unrest in developed and emerging countries. Automobiles, transportation, and chemicals have become relatively vulnerable industries, and related companies in these fields are more cautious in their decisions on expatriation needs and relocation benefits. The Russian economy is facing a deep recession, some businesses in Russia are restricted, local companies are more cautious about corporate spending and decisions related to foreign business, and the demand for expatriate relocation expenses has declined.

Region Overview:

In global comparison, a significant portion of the revenue was generated in North America (47.82% in 2022).

Company Overview:

Cartus is one of the major players operating in the Relocation Management Service market, holding a share of 1.35% in 2022.

Cartus

Cartus is the trusted leader among global relocation companies, providing corporate relocation services to organizations of all sizes. They provide logistical relocation support, as well as international assignment compensation services, intercultural and language training, and consulting solutions.

SIRVA BGRS Worldwide, Inc.

SIRVA BGRS is a leading partner for corporations that outsource their mobility needs, relocating and moving their executives and staff globally. SIRVA BGRS offers an extensive portfolio of mobility services across over 190 countries, providing end-to-end solutions to companies of all sizes from every industry.

Segmentation Overview:

By type, Offline Service segment accounted for the largest share of market in 2022.

Online Service

Online Service mainly refers to the provision through the Internet
Relocation management service provides relocation solutions through online communication or software, including effective management and tracking of relocation and global mobility plans.

Offline Service

Offline Service mainly refers to the provision of relocation management service through direct offline communication. The service provider provides professionals or teams to contact the demander for consultation and communication.

Application Overview:

The market's largest segment by application is the segment Large Enterprises, with a market share of 84.2% in 2022.

Key Companies in the global Relocation Management Service market covered in Chapter 3:

AMJ Campbell
SIRVA BGRS Worldwide, Inc.
Cartus
NRI Relocation, Inc
Santa Fe Relocation
XONEX Relocation
WHR Group
Aires
Chipman Relocations
Atlas Van Lines
Graebel Companies, Inc.
Weichert Workforce Mobility Inc.
CBRE Group
NEI Global Relocation
Altair Global Relocation

In Chapter 4 and Chapter 14.2, on the basis of types, the Relocation Management Service market from 2018 to 2029 is primarily split into:

Online Service
Offline Service

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Relocation Management Service market from 2018 to 2029 covers:

Large Enterprises
SMEs

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)