Report Overview

India Packers & Movers Market - Industry Trends & Forecast Report 2028

The India Packers and Movers market is expected to grow at a significant rate during 2022-2028). The growth of the packers and movers market can be primarily attributed to the surge in urbanization and the growing trend of education and employment-related migration in India, which has given rise to nuclear families and flat cultures, thus creating a high demand for packing and moving services. Such factors promise bright prospects for the growth of the India packers and movers market during the forecast period.

Packers & Movers Overview

Packers and movers are trained people who have a particular organization of their own with the main objective to help clients during their relocation needs. They assist people in packing and moving their items safely from one location to another. Usually, end-to-end packing and shifting work is done by them. Their functions include loading, unloading, transporting, and insuring household items like furniture, home and kitchen appliances, kitchenware, etc. Besides moving household goods, packers and movers also offer other services such as packing and transferring people's belongings from door to door, transferring local and inter-state offices, short term storage and warehousing services, and providing car transport from one state to another, and packing and transportation of industrial goods.

Packers & Movers Market Trends

Growth Driver

Rising Migration Escalating demand for Relocation

Gone is the time when people used to devote their whole lives to one place, town, village, or city. The current human lifestyle is so dynamic that it is difficult to live in one location; people live on the go to suit their lifestyle needs. People may have to relocate to urbanized areas for higher education, better jobs, buy new flats, or improve their lifestyle. The reasons can be manifold. The resulting relocation needs create the demand for packers and movers. Since packing and moving is often perceived as arduous and time-consuming task, the packing and moving service is very advantageous for people with a shortage of time. Hiring packers and movers has multiple advantages, such as the saved time that could be spent on some other useful task while reducing the stress and worries regarding packing/unpacking and loading/unloading of items. These factors are expected to bolster the India packers and movers market growth rate during the forecast period.

Rising Online Presence of The Market Players

The major players in the packers and movers business have been trying to provide their customers with online support. Firms contemplate going online as essential for running the logistics business since most of their customer base is formed by convenience-loving millennials who prefer the online mode from booking to payment. Moreover, it also helps improve their visibility and get proper customer feedback. The players constantly keep upgrading their online platforms. It has been observed that most of the orders come through online mode. For instance- Laxmi Packers and Movers reported that they garner most of their orders through their website.

Restraints

Retaining Labourers and Safeguarding Security

Retaining the laborers carrying out the packing and moving is a crucial challenge the industry faces. Since it's a labor-intensive industry requiring very less capital to start a business. One just needs to understand the entire transportation process to start a moving and packing business. Laborers involved in packing and moving goods build a good reputation with the consumers and later dissociate themselves with their employers and start their own setups. Moreover, another major challenge is to transport materials safely and on time. Lots of sentiments are attached to household goods, and the damage caused to them often erodes the people's trust in such businesses.

Moreover, delays in delivery also hinder the growth of the market. For instance- in September 2021, a family was allegedly cheated by a Gurugram-based packers-and-movers firm they had hired for relocating to Kerala from Noida. The firm had assured to deliver the furniture within ten days but allegedly handed them over a month later only after the Police intervened. Such instances erode customer confidence, thus negatively affecting the Indian packer and movers market.

Impact of COVID-19 on the India Packers & Movers Market

After the outbreak of the deadly disease COVID-19 in 2020, human lives were impacted, and many businesses across the globe. The instant implementation of the lockdown in the countries hit various industries leading to the unforeseen termination of their businesses and tumbling down of the economies. One of the major industries that got severely impacted in India due to the series of COVID-19 lockdowns since 2020 was the packers and movers industry. People suspended their moving plans due to the fright of the deadly coupled with stringent lockdown guidelines. The moving processes worldwide were temporarily postponed with severe transportation limitations and stern social distancing necessities. Nevertheless, some of the relocation players continued operations under stringent safety precautions such as the mandatory usage of N95 masks, gloves, and PPE kits, sanitization of every packed box, zero contact between workers and customers, etc. Thus, the COVID 19 impacted the Indian packers and movers market negatively. However, the business is expected to regain growth with the lifting off the lockdown restrictions and revival of normalcy in the economy.

India Packers & Movers Market – By Type

The India Packers & Movers market has been segmented into local, interstate, and international based on the type. Amidst the segmentation, inter-state accounted for the largest market share in 2021. Moreover, it is expected to be the fastest-growing segment during the forecast period 2022-2028. The growth in this segment can be attributed to the growing trend of education and employment-related migration among the youth which is propelling the growth of this segment. Moreover, there are numerous permits required for interstate travels, which, when not conformed to, may lead to undesirable situations such as the truck apprehended by Police, resulting in massive delays and even confiscation of goods in several states. Major players in the business function on a national permit with all paperwork intact, thus averting unnecessary delays. This has been a significant propelling factor for the packers and movers market growth in the segment.

India Packers & Movers Market – By End-User

Based on the end-user, the India Packers & Movers market has been segmented into residential and commercial. The residential segment has been further classified into home relocation, vehicle transportation, and others. On the other hand, the commercial segment has been classified into corporate shifting, office relocation, and others. Amidst the segmentation, the residential segments create a higher demand in contrast to commercial orders and hence bring most of the business. For instance- Laxmi Packers and Movers reported that approximately 60% of their orders of packing and transporting come from households or light goods. Apart from the residential segment, the commercial segment also forms a major source of revenue. Corporate tie-ups and office relocations are the most sought-after services in this segment. For instance, Laxmi Packers has tied up with six major corporate firms, including MNCs such as DLF. In such deals, apart from office relocation orders, the company staff also avails their services.

India Packers & Movers Market- Regional Insights 

The India Packers & Movers market can be segmented into North India, South India, East India, and West India in terms of the regional analysis. Amidst the segmentation, North India is expected to exhibit the highest growth rate in terms of packers and movers market growth during the forecast period. This can be attributed to the region's high population, creating more demand for such services coupled with industrial and infrastructural developments in the region around the national capital region. Moreover, states Delhi, Haryana, Punjab, Rajasthan, and Uttar Pradesh have been registering a surge in the floating population; thus, the packers and movers or the relocation industry has eventually gained fair momentum in these states in the last couple of years.

Competitive Landscape

The India Packers & Movers market is characterized by the presence of many local, regional, and global vendors. The key players operating in the India Packers & Movers market are UrbanClub Logistics India Pvt. Ltd., All India Packers and Movers, India Packers Group, Agarwal Packers and Movers Ltd., Gati Packers and Movers, Express, India Packers and Movers Pvt. Ltd., CTC Cargo Packers & Movers, Eureka Packers and Movers, Speedex Packers and Movers, ShiftKarado and other prominent players. Many small players have been mushrooming, thus making the market fragmented, but in the long run, the players providing quality service would survive in the market. The players maintain their dominance in the market by expanding their services portfolios and integrating the latest and advanced technologies into their services. Different strategies are adopted, like engaging in strategic alliances, agreements, mergers, and collaborations.

Recent Developments

• December 2021: India Packers and Movers Group, the foremost and preeminent packers and movers company in India, announced the successful materialization of its impressive second conference in Haridwar between 1-2 December 2021. The conference highlighted the mushrooming concerns and challenges presently looming over the industry of packers and movers.

• November 2019: A dedicated and skilled team of Agarwal Packer and Movers Ltd. Carried out the shifting process of Asia's largest high Court of Jodhpur to its newly constructed building. Within a defined period. Agarwal Packers and Movers Ltd. is one of the top Logistics companies in India; it evolved from a small-scale business of Agarwal Household Carrier that was established in 1987 and functioned predominantly for shifting household goods.

Scope of Report:

By Type 

• Local
• Inter-State
• International

By Mode of Transportation

• Road
• Railway
• Air Cargo
• Sea Freight Cargo

By End-User

• Residential
  • Home Relocation
  • Vehicle Transportation
  • Others
• Commercial
  • Corporate Shifting
  • Office Relocation
  • Others

By Region

• North India
• South India
• West India
• East India

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. India Packers and Movers Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Consumer Behavior Analysis
6. India Packers and Movers Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
         1. Local
         2. Inter-State
         3. International
      2. By Mode of Transportation
         1. Road
         2. Railway
         3. Air Cargo
         4. Sea Freight Cargo
      3. By End User
         1. Residential
            1. Home Relocation
            2. Vehicle Transportation
            3. Others
         2. Commercial
            1. Corporate Shifting
            2. Office Relocation
            3. Others
      4. By Region
         1. North India
         2. South India
         3. West India
         4. East India
7. North India Packers and Movers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Mode of Transportation
      3. By End User
8. South India Packers and Movers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Mode of Transportation
      3. By End User
9. East India Packers and Movers Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Type
      2. By Mode of Transportation
      3. By End User
10. West India Packers and Movers Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Type
       2. By Mode of Transportation
       3. By End User
11. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Merger, Acquisition, Partnership.)
12. Impact of Covid-19 on India Packers and Movers Industry
13. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
    1. UrbanClub Logistics India Pvt. Ltd.
    2. All India Packers and Movers
    3. India Packers Group
    4. Agarwal Packers and Movers Ltd
    5. Gati Packers and Movers
    6. Express India Packers and Movers Pvt. Ltd.
    7. CTC Cargo Packers & Movers
    8. Eureka Packers and Movers
    9. Speedex Packers and Movers
    10. ShiftKarado
    11. Other prominent players
14. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1        India Packers and Movers Market Segmentation

Figure 2        India Packers and Movers Market Value Chain Analysis

Figure 3        Company Market Share Analysis, 2021

Figure 4        India Packers and Movers Market Size, By Value (USD Million), 2018-2028

Figure 5        India Packers and Movers Market Share, By Type, By Value, 2018-2028

Figure 6        India Packers and Movers Market Share, By Mode of Transportation, By Value, 2018-2028

Figure 7        India Packers and Movers Market Share, By End User, By Value, 2018-2028

Figure 8        India Packers and Movers Market Share, By Region, By Value, 2018-2028

Figure 9        North India Packers and Movers Market Size, By Value (USD Million), 2018-2028

Figure 10       North India Packers and Movers Market Share, By Type, By Value, 2018-2028

Figure 11       North India Packers and Movers Market Share, By Mode of Transportation, By Value, 2018-2028

Figure 12       North India Packers and Movers Market Share, By End User, By Value, 2018-2028

Figure 13       North India Packers and Movers Market Share, By Country, By Value, 2018-2028

Figure 14       South India Packers and Movers Market Size, By Value (USD Million), 2018-2028

Figure 15       South India Packers and Movers Market Share, By Type, By Value, 2018-2028

Figure 16       South India Packers and Movers Market Share, By Mode of Transportation, By Value, 2018-2028

Figure 17       South India Packers and Movers Market Share, By End User, By Value, 2018-2028

Figure 18       South India Packers and Movers Market Share, By Country, By Value, 2018-2028

Figure 19       East India Packers and Movers Market Size, By Value (USD Million), 2018-2028

Figure 20       East India Packers and Movers Market Share, By Type, By Value, 2018-2028

Figure 21       East India Packers and Movers Market Share, By Mode of Transportation, By Value, 2018-2028

Figure 22       East India Packers and Movers Market Share, By End User, By Value, 2018-2028

Figure 23       East India Packers and Movers Market Share, By Country, By Value, 2018-2028

Figure 24       West India Packers and Movers Market Size, By Value (USD Million), 2018-2028

Figure 25       West India Packers and Movers Market Share, By Type, By Value, 2018-2028

Figure 26       West India Packers and Movers Market Share, By Mode of Transportation, By Value, 2018-2028

Figure 27       West India Packers and Movers Market Share, By End User, By Value, 2018-2028

Figure 28       West India Packers and Movers Market Share, By Country, By Value, 2018-2028

List of Tables

Table 1         India Packers and Movers Market Size, By Type, By Value, 2018-2028           

Table 2         India Packers and Movers Market Size, By Mode of Transportation, By Value, 2018-2028                  

Table 3         India Packers and Movers Market Size, By End User, By Value, 2018-2028               

Table 4         India Packers and Movers Market Size, By Region, By Value, 2018-2028                  

Table 5         North India Packers and Movers Market Size, By Type, By Value, 2018-2028            

Table 6         North India Packers and Movers Market Size, By Mode of Transportation, By Value, 2018-2028            

Table 7         North India Packers and Movers Market Size, By End User, By Value, 2018-2028                 

Table 8         North India Packers and Movers Market Size, By Country, By Value, 2018-2028                  

Table 9         South India Packers and Movers Market Size, By Type, By Value, 2018-2028            

Table 10        South India Packers and Movers Market Size, By Mode of Transportation, By Value, 2018-2028            

Table 11        South India Packers and Movers Market Size, By End User, By Value, 2018-2028                 

Table 12        South India Packers and Movers Market Size, By Country, By Value, 2018-2028                  

Table 13        East India Packers and Movers Market Size, By Type, By Value, 2018-2028              

Table 14        East India Packers and Movers Market Size, By Mode of Transportation, By Value, 2018-2028            

Table 15        East India Packers and Movers Market Size, By End User, By Value, 2018-2028                   

Table 16        East India Packers and Movers Market Size, By Country, By Value, 2018-2028          

Table 17        West India Packers and Movers Market Size, By Type, By Value, 2018-2028             

Table 18        West India Packers and Movers Market Size, By Mode of Transportation, By Value, 2018-2028            

Table 19        West India Packers and Movers Market Size, By End User, By Value, 2018-2028                  

Table 20        West India Packers and Movers Market Size, By Country, By Value, 2018-2028                   

Table 21        UrbanClub Logistics India Pvt. Ltd.  Company Overview           

Table 22        UrbanClub Logistics India Pvt. Ltd.  Financial Overview            

Table 23        All India Packers and Movers Company Overview          

Table 24        All India Packers and Movers Financial Overview           

Table 25        Agarwal Packers and Movers Ltd Company Overview               

Table 26        Agarwal Packers and Movers Ltd Financial Overview                

Table 27        Gati Packers and Movers Company Overview                

Table 28        Gati Packers and Movers Financial Overview                 

Table 29        CTC Cargo Packers & Movers Company Overview          

Table 30        CTC Cargo Packers & Movers Financial Overview           

Table 31        Speedex Packers and Movers Company Overview          

Table 32        Speedex Packers and Movers Financial Overview           

Table 33        ShiftKarado Company Overview              

Table 34        ShiftKarado Financial Overview