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The global relocation services market is expected to witness a category spend growth of more than USD 3 billion between 2018-2023, with spend momentum accelerating at a CAGR of 3.76% during the forecast period. This spend growth is mainly attributed to the increase in M&A activities among businesses. There is an increase in the demand for relocation services from MNCs as their employees are more likely to be transferred across the world. In addition, the rise in M&A and geographical expansion activities among businesses across Europe, APAC, and North America has increased the global category demand. This is expected to drive the growth of the global relocation services market size over the forecast period.
In terms of category spend, North America holds the largest share in the global relocation services market. The increase in the number of short-term assignments at regional and international level is expected to drive the growth of the category in the region. In APAC, the growth of the market is mainly driven by the increase in relocation activities from developed regions such as North America and Europe due to the availability of low-cost labor. The rise in the number of M&A activities among businesses is also contributing to the growth of the relocation services market in APAC.
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Written from the perspective of the buyers and suppliers, this procurement intelligence report offers comprehensive coverage of the factors driving spend across various regions and helps buyers to identify opportunities for cost savings. To help buyers procure relocation services at cost-effective rates, an analysis of the pricing outlook and supplier cost structure is also offered in this report.
Insights offered in this relocation services market report will help the buyers understand:
This procurement intelligence report contains in-depth pricing insights for the procurement of relocation services. These pricing insights provide an overview and comparison of pricing models, supply chain margins, and the volume and cost drivers impacting pricing:
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Compliance issues such as tax compliances, visa complexities, and immigration requirements make the relocation process challenging. Hence, buyers are advised to engage with service providers that have an in-house compliance team which can handle complex compliance-related issues.
To help category managers optimize their spend on relocation services, this report also offers:
A majority of the US companies are hiring skilled professionals from foreign nations to compensate for their lack of native skilled labor. This will act as one of the significant demand drivers for the relocation services category in the nation. However, strict immigration policies imposed by the Trump government is anticipated to impede the category growth to a certain extent.
Additional information offered in this relocation services market procurement intelligence report will help buyers analyze:
Considering the disposition of this category, it is imperative that buyers ensure that suppliers have the capability to offer support for local and cross-border administrative work such as financial planning activities, tax counseling, and other government-oriented requirements. In the long run, this will benefit buyers with optimum category utilization.
This relocation services market procurement intelligence report identifies the major costs incurred by suppliers and provides additional information on:
Currency fluctuations can have both positive and negative effects on international employee compensation and on the cost of the international assignment. Hence, engaging with service providers that have a deep understanding of the market conditions and currency fluctuation nuances enables buyers to lessen the impact of financial changes on their relocation activities.
Key insights offered in this relocation services market procurement intelligence report will help the buyers identify:
The potential impact of Brexit is anticipated to drive the highly-regulated pharmaceutical, air travel, e-commerce, and banking sectors from the UK to other European and APAC countries. This, on the other hand, will work on favor of the growth of the relocation services category. Ukraine is a popular outsourcing destination due to the country's talent pool and visa-free entry for most of the professionals within the EU. This will increase relocation activities in the country from regions such as Western Europe and Asia.
Key geographies analyzed in this relocation services market procurement intelligence report include the following:
Information on the top relocation service providers and major risks faced while procuring relocation services is offered in this report. Download a free sample to access the report's complete scope of coverage.
SpendEdge presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key category influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.