US Self-Storage Market Size and Forecasts (2020 - 2030), Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Storage Unit Size [Small Storage Unit (5’Ч5’, 5’Ч10’, and 5’Ч15’), Medium Storage Unit (10’Ч10’ and 10’Ч15’), and Large Storage Unit (10’Ч20’, 10’Ч25’, and 10’Ч30’)], Application (Household and Personal Storage, Business Storage, and Vehicle and Car Storage) and Country
The US self-storage market size is projected to reach US$ 67.02 million by 2030 from US$ 44.20 million in 2022; it is expected to register a CAGR of 5.3% during 2022–2030.
Rising Integration of Advanced Technologies is Boosting the US Self-Storage Market Growth Opportunities
Implementing security systems is a crucial step toward ensuring the safety and protection of stored belongings. Enhanced surveillance cameras, biometric access controls, and smart alarm systems create a secure environment, not only deterring potential theft or unauthorized access but also instilling confidence in customers. A highly secure facility attracts a broader customer base. This, in turn, contributes to increased occupancy rates and customer loyalty. As a result, various US self-storage market players are integrating advanced technologies such as Wi-Fi, surveillance cameras, biometric access controls, smart alarm systems, and the Internet of Things (IoT) to attract a new clientele base.
In September 2023, Vantiva (Euronext Paris: VANTI)—formerly known as Technicolor, one of the global technology leaders in the US self-storage market—announced the launch of Vantiva Smart Storage, the first Internet of Things (IoT) software-as-a-service and end-to-end Wi-Fi solution in the US self-storage market. This advanced solution integrates cutting-edge technology and delivers actionable information to address the unique needs of the self-storage industry. Leveraging data analytics also helps in the improvement of operational efficiencies that result in risks, reducing costs and liabilities for property. Harnessing the power of data analytics contributes to a more personalized and efficient customer experience. By analyzing customer preferences, usage patterns, and feedback, self-storage facilities can tailor their services to meet individual needs better. Predictive analytics can optimize inventory management and space utilization, ensuring that the right mix of storage options is available at all times. This data-driven approach enhances customer satisfaction and enables facilities to make informed business decisions to improve overall operational efficiency.
The integration of advanced technology into self-storage operations also addresses the evolving expectations of customers and helps facilities remain competitive in the market. By investing in security, online accessibility, and data analytics, self-storage providers can create a compelling value proposition to attract and retain customers and foster operational efficiency.
The US self-storage market analysis is carried out by identifying and evaluating key players in the market. CubeSmart; Prime Storage; Public Storage; StorageMart; USA Storage Centers; Self-Storage USA; Storage Asset Management; Metro Storage LLC; Self-Storage Plus; and Clutter, Inc. are among the key players analyzed in the US self-storage market report. The US self-storage market report also includes growth prospects in light of current US self-storage market trends and driving factors influencing the market growth.
Companies operating in the US self-storage market highly adopt inorganic strategies such as mergers and acquisitions. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The players present in the market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings to increase their US self-storage market share.
Rising Integration of Advanced Technologies is Boosting the US Self-Storage Market Growth Opportunities
Implementing security systems is a crucial step toward ensuring the safety and protection of stored belongings. Enhanced surveillance cameras, biometric access controls, and smart alarm systems create a secure environment, not only deterring potential theft or unauthorized access but also instilling confidence in customers. A highly secure facility attracts a broader customer base. This, in turn, contributes to increased occupancy rates and customer loyalty. As a result, various US self-storage market players are integrating advanced technologies such as Wi-Fi, surveillance cameras, biometric access controls, smart alarm systems, and the Internet of Things (IoT) to attract a new clientele base.
In September 2023, Vantiva (Euronext Paris: VANTI)—formerly known as Technicolor, one of the global technology leaders in the US self-storage market—announced the launch of Vantiva Smart Storage, the first Internet of Things (IoT) software-as-a-service and end-to-end Wi-Fi solution in the US self-storage market. This advanced solution integrates cutting-edge technology and delivers actionable information to address the unique needs of the self-storage industry. Leveraging data analytics also helps in the improvement of operational efficiencies that result in risks, reducing costs and liabilities for property. Harnessing the power of data analytics contributes to a more personalized and efficient customer experience. By analyzing customer preferences, usage patterns, and feedback, self-storage facilities can tailor their services to meet individual needs better. Predictive analytics can optimize inventory management and space utilization, ensuring that the right mix of storage options is available at all times. This data-driven approach enhances customer satisfaction and enables facilities to make informed business decisions to improve overall operational efficiency.
The integration of advanced technology into self-storage operations also addresses the evolving expectations of customers and helps facilities remain competitive in the market. By investing in security, online accessibility, and data analytics, self-storage providers can create a compelling value proposition to attract and retain customers and foster operational efficiency.
The US self-storage market analysis is carried out by identifying and evaluating key players in the market. CubeSmart; Prime Storage; Public Storage; StorageMart; USA Storage Centers; Self-Storage USA; Storage Asset Management; Metro Storage LLC; Self-Storage Plus; and Clutter, Inc. are among the key players analyzed in the US self-storage market report. The US self-storage market report also includes growth prospects in light of current US self-storage market trends and driving factors influencing the market growth.
Companies operating in the US self-storage market highly adopt inorganic strategies such as mergers and acquisitions. The market initiative is a strategy adopted by companies to expand their footprint across the world and to meet the growing customer demand. The players present in the market are mainly focusing on product and service enhancements by integrating advanced features and technologies into their offerings to increase their US self-storage market share.
1. INTRODUCTION
1.1 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SELF-STORAGE MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Small Operators:
4.3.2 Public Companies and REITs:
4.3.3 Technology Providers:
4.3.4 Industry Associations and Regulatory Bodies:
4.3.5 End users:
4.3.6 List of Suppliers
5. SELF-STORAGE MARKET - KEY INDUSTRY DYNAMICS
5.1 Self-Storage Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increase in Demand for Self-Storage Rental Services
5.2.2 High Investments in Self Storage Construction
5.2.3 Growth of Small Businesses and E-commerce Industry
5.3 Market Restraints
5.3.1 High Capital Requirement for the Self-Storage Establishments
5.4 Market Opportunities
5.4.1 Rising Integration of Advanced Technologies
5.4.2 Rising Adoption of Specialized Storage Solutions
5.5 Future Trends
5.5.1 Increasing Adoption of Sustainable Carbon Emission Free Self-Storages
5.6 Impact of Drivers and Restraints:
6. SELF-STORAGE MARKET - US MARKET ANALYSIS
6.1 Self-Storage Market Revenue (US$ Billion), 2022 – 2030
6.2 Self-Storage Market Forecast and Analysis
7. SELF-STORAGE MARKET ANALYSIS – STORAGE UNIT SIZE
7.1.1 Self-Storage Market, By Storage Unit Size (2022 and 2030)
7.2 Small Storage Unit (5'x5' 5'x10' 5'x15')
7.2.1 Overview
7.2.2 Small Storage Unit (5'x5' 5'x10' 5'x15') Market, Revenue and Forecast to 2030 (US$ Billion)
7.3 Medium Storage Unit (10'x10' 10'x15')
7.3.1 Overview
7.3.2 Medium Storage Unit (10'x10' 10'x15') Market, Revenue and Forecast to 2030 (US$ Billion)
7.4 Large Storage Unit (10’x20’ 10’x25’ 10’x30’)
7.4.1 Overview
7.4.2 Large Storage Unit (10’x20’ 10’x25’ 10’x30’) Market, Revenue and Forecast to 2030 (US$ Billion)
8. SELF-STORAGE MARKET ANALYSIS – APPLICATION
8.1.1 Self-Storage Market, By Application (2022 and 2030)
8.2 Household and Personal Storage
8.2.1 Overview
8.2.2 Household and Personal Storage Market, Revenue and Forecast to 2030 (US$ Billion)
8.3 Business Storage
8.3.1 Overview
8.3.2 Business Storage Market, Revenue and Forecast to 2030 (US$ Billion)
8.4 Vehicle and Car Storage
8.4.1 Overview
8.4.2 Vehicle and Car Storage Market, Revenue and Forecast to 2030 (US$ Billion)
9. SELF-STORAGE MARKET – IMPACT OF COVID-19 PANDEMIC
9.1 Pre & Post Covid-19 Impact
10. COMPETITIVE LANDSCAPE
10.1 Heat Map Analysis
10.2 Company Positioning & Concentration
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 CubeSmart
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Prime Group Holdings LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Public Storage
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 StorageMart
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Self Storage USA LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 USA Storage Centers
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Storage Asset Management LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Metro Storage LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Self Storage Plus Management LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Extra Space Storage Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. APPENDIX
13.1 Word Index
13.2 About The Insight Partners
1.1 Market Segmentation
2. EXECUTIVE SUMMARY
2.1 Key Insights
3. RESEARCH METHODOLOGY
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. SELF-STORAGE MARKET LANDSCAPE
4.1 Overview
4.2 PEST Analysis
4.3 Ecosystem Analysis
4.3.1 Small Operators:
4.3.2 Public Companies and REITs:
4.3.3 Technology Providers:
4.3.4 Industry Associations and Regulatory Bodies:
4.3.5 End users:
4.3.6 List of Suppliers
5. SELF-STORAGE MARKET - KEY INDUSTRY DYNAMICS
5.1 Self-Storage Market - Key Industry Dynamics
5.2 Market Drivers
5.2.1 Increase in Demand for Self-Storage Rental Services
5.2.2 High Investments in Self Storage Construction
5.2.3 Growth of Small Businesses and E-commerce Industry
5.3 Market Restraints
5.3.1 High Capital Requirement for the Self-Storage Establishments
5.4 Market Opportunities
5.4.1 Rising Integration of Advanced Technologies
5.4.2 Rising Adoption of Specialized Storage Solutions
5.5 Future Trends
5.5.1 Increasing Adoption of Sustainable Carbon Emission Free Self-Storages
5.6 Impact of Drivers and Restraints:
6. SELF-STORAGE MARKET - US MARKET ANALYSIS
6.1 Self-Storage Market Revenue (US$ Billion), 2022 – 2030
6.2 Self-Storage Market Forecast and Analysis
7. SELF-STORAGE MARKET ANALYSIS – STORAGE UNIT SIZE
7.1.1 Self-Storage Market, By Storage Unit Size (2022 and 2030)
7.2 Small Storage Unit (5'x5' 5'x10' 5'x15')
7.2.1 Overview
7.2.2 Small Storage Unit (5'x5' 5'x10' 5'x15') Market, Revenue and Forecast to 2030 (US$ Billion)
7.3 Medium Storage Unit (10'x10' 10'x15')
7.3.1 Overview
7.3.2 Medium Storage Unit (10'x10' 10'x15') Market, Revenue and Forecast to 2030 (US$ Billion)
7.4 Large Storage Unit (10’x20’ 10’x25’ 10’x30’)
7.4.1 Overview
7.4.2 Large Storage Unit (10’x20’ 10’x25’ 10’x30’) Market, Revenue and Forecast to 2030 (US$ Billion)
8. SELF-STORAGE MARKET ANALYSIS – APPLICATION
8.1.1 Self-Storage Market, By Application (2022 and 2030)
8.2 Household and Personal Storage
8.2.1 Overview
8.2.2 Household and Personal Storage Market, Revenue and Forecast to 2030 (US$ Billion)
8.3 Business Storage
8.3.1 Overview
8.3.2 Business Storage Market, Revenue and Forecast to 2030 (US$ Billion)
8.4 Vehicle and Car Storage
8.4.1 Overview
8.4.2 Vehicle and Car Storage Market, Revenue and Forecast to 2030 (US$ Billion)
9. SELF-STORAGE MARKET – IMPACT OF COVID-19 PANDEMIC
9.1 Pre & Post Covid-19 Impact
10. COMPETITIVE LANDSCAPE
10.1 Heat Map Analysis
10.2 Company Positioning & Concentration
11. INDUSTRY LANDSCAPE
11.1 Overview
11.2 Market Initiative
11.3 Product Development
11.4 Mergers & Acquisitions
12. COMPANY PROFILES
12.1 CubeSmart
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Prime Group Holdings LLC
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Public Storage
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 StorageMart
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Self Storage USA LLC
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 USA Storage Centers
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Storage Asset Management LLC
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Metro Storage LLC
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
12.9 Self Storage Plus Management LLC
12.9.1 Key Facts
12.9.2 Business Description
12.9.3 Products and Services
12.9.4 Financial Overview
12.9.5 SWOT Analysis
12.9.6 Key Developments
12.10 Extra Space Storage Inc
12.10.1 Key Facts
12.10.2 Business Description
12.10.3 Products and Services
12.10.4 Financial Overview
12.10.5 SWOT Analysis
12.10.6 Key Developments
13. APPENDIX
13.1 Word Index
13.2 About The Insight Partners
