(MENAFN- Ameliorate Digital Consultancy)
The global office relocation services market is worth US$ 10.6 billion in 2022 and is anticipated to expand steadily at a CAGR of 3.3% to reach US$ 14.6 billion by 2032.
Office relocation accounted for nearly 15% of the global relocation services market at the end of 2021 and is likely to maintain this share in the near future as well.
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Why is Demand for Office Relocation Services Expected to Remain Steady?
The demand for office relocation services is expected to remain steady due to several factors. Firstly, many businesses are constantly growing and expanding, which often necessitates the need for a larger office space. As companies expand, they may also require a more desirable location that is closer to clients, suppliers, and partners. This demand for larger, more suitable spaces is likely to drive the demand for office relocation services.
Secondly, many companies are recognizing the benefits of a well-designed workspace and are investing in office renovation or relocation to improve productivity and employee satisfaction. A well-designed office space can help to create a positive work environment that fosters collaboration, creativity, and innovation. This can lead to improved employee morale and retention, which can translate into increased productivity and profitability. As a result, companies are likely to continue investing in office relocation services to ensure that their workspaces are conducive to productivity and employee well-being.
Overall, the demand for office relocation services is expected to remain steady due to the ongoing growth and expansion of businesses and the increasing recognition of the importance of a well-designed workspace. As a result, office relocation companies are likely to continue to play an important role in facilitating office moves and renovations for companies of all sizes and industries.
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Competitive Landscape
The global business relocation services market is fragmented and competitive with the presence of several domestic and international market players.
In July 2017, Nigerian start-up Relocate introduced the Provide Home and Corporate Relocation Service. The organization aims to provide services for office & home moving in & out of Lagos metropolis. In May 2022, SIRVA and BGRS announced a merger to create a new company offering household goods & business relocation services. In November 2020, Gerson Relocation Ltd. announced the acquisition of the business and assets of Dijkshoorn Euromovers B.V., which provides moving services in the Netherlands. This acquisition is aimed towards the expansion of the company's footprint in the European region.
Fact.MR has provided detailed information about office relocation service providers positioned across regions, sales growth, and product offering expansion, in the recently published report.
Key Companies Profiled:
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.
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Segmentation of Office Relocation Service Industry Survey
By Service : Employee Relocation Tech & Data center Moves Warehouse and Factory Removal Trade Deliveries Office Storage Medical Facility & Lab Moves Heavy Machinery Moves
By Period/Duration : Long-term Basis Short-term/Assignment Basis
By End-use Industry : Educational Institutes Service/Media Discrete Manufacturing Government Consumer Goods Technology Finance Oil & Gas Pharma
Key Questions Covered in the Office Relocation Services Market Report
What is the projected value of the Office Relocation Services factors Industry in 2022? At what rate will the global Office Relocation Services factors market size grow until 2032? Which are the factors hampering the growth of Office Relocation Services factors? Which region is expected to lead in the global Office Relocation Services factors market By 2032? Which are the factors driving the Office Relocation Services factors Industry during the forecast period? What is the expected market value of the Office Relocation Services factors market during the forecast period?
Regional Analysis For Office Relocation Services Market:
APAC (Japan, China, South Korea, Australia, India, and the rest of APAC; the rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka) Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania) North America (USA, Canada and Mexico) South America (Brazil, Chile, Argentina, Rest of South America) MEA (Saudi Arabia, United Arab Emirates, South Africa)
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