[email protected] +44 20 8123 2220 (UK) +1 732 587 5005 (US) Contact Us | FAQ |

Self Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

October 2023 | 146 pages | ID: S146F0C108F8EN
IMARC Group

US$ 2,499.00

E-mail Delivery (PDF), Hard Copy Mail Delivery, CD-ROM Mail Delivery

Download PDF Leaflet

Accepted cards
Wire Transfer
Checkout Later
Need Help? Ask a Question
Market Overview:

The global self storage market size reached US$ 54.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 74.8 Billion by 2028, exhibiting a growth rate (CAGR) of 5.3% during 2023-2028.

Self-storage refers to a unit of space within a building, or large warehouse rented to tenants for storing personal possessions, often on a short-term basis. It consists of individual enclosed compartments commonly available in small, medium and large variants. It is walled with concrete cinder blocks and corrugated metal and is secured by the renter’s lock and key. Self-storage space is widely used for storing equipment and house decor, parking vehicles, document archiving, relocating spaces, additional inventory, and decluttering homes. Apart from this, it aids in reducing clutter, systematically organizing items, facilitating hoarding, ensuring safety and offering reliable, flexible and secure storage facilities.

Self Storage Market Trends:

The increasing rate of urbanization across the globe and improved economic outlook, specifically in emerging economies, are creating a positive outlook for the market. Self-storage spaces are widely adopted by urban populations due to the rising instances of them moving around more frequently and the increasingly expensive living spaces in cities with a reduced wandering area. In line with this, the rapidly increasing global population is facilitating the demand for additional storage as families expand with more material possessions, thus favoring the market growth. Apart from this, the integration of artificial intelligence (AI) and the Internet of Things (IoT) to monitor all storage units, improve marketing effectiveness, increase occupancy, and enhance the tenant experience, are providing an impetus to the market growth. Moreover, the rising product adoption for business and commercial needs, such as storing seasonal promotional material or printers that are not required on a regular basis, are positively impacting the market growth. Besides this, the coronavirus disease (COVID-19) pandemic also positively impacted the market as the shift toward a remote work model drove up the demand for self-storage to cut out on rents on spaces. Other factors, including the rising expenditure capacities of consumers, increasing product demand during house clearance activities, and significant expansion of small businesses, are anticipated to drive the market toward growth.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global self storage market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on storage unit size and end use.

Breakup by Storage Unit Size:

Small Storage Unit

Medium Storage Unit

Large Storage Unit

Breakup by End Use:

Personal

Business

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aecom, CubeSmart, Life Storage Inc., Metro Storage LLC (Find Local Storage), National Storage, Public Storage, Safestore, Simply Self Storage, StorageMart, U-Haul International Inc. (AMERCO), Urban Self Storage and World Class Capital Group LLC.

Key Questions Answered in This Report:

How has the global self storage market performed so far and how will it perform in the coming years?

What has been the impact of COVID-19 on the global self storage market?

What are the key regional markets?

What is the breakup of the market based on the storage unit size?

What is the breakup of the market based on the end use?

What are the various stages in the value chain of the industry?

What are the key driving factors and challenges in the industry?

What is the structure of the global self storage market and who are the key players?

What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL SELF STORAGE MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY STORAGE UNIT SIZE

6.1 Small Storage Unit
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Medium Storage Unit
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Large Storage Unit
  6.3.1 Market Trends
  6.3.2 Market Forecast

7 MARKET BREAKUP BY END USE

7.1 Personal
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Business
  7.2.1 Market Trends
  7.2.2 Market Forecast

8 MARKET BREAKUP BY REGION

8.1 North America
  8.1.1 United States
    8.1.1.1 Market Trends
    8.1.1.2 Market Forecast
  8.1.2 Canada
    8.1.2.1 Market Trends
    8.1.2.2 Market Forecast
8.2 Asia-Pacific
  8.2.1 China
    8.2.1.1 Market Trends
    8.2.1.2 Market Forecast
  8.2.2 Japan
    8.2.2.1 Market Trends
    8.2.2.2 Market Forecast
  8.2.3 India
    8.2.3.1 Market Trends
    8.2.3.2 Market Forecast
  8.2.4 South Korea
    8.2.4.1 Market Trends
    8.2.4.2 Market Forecast
  8.2.5 Australia
    8.2.5.1 Market Trends
    8.2.5.2 Market Forecast
  8.2.6 Indonesia
    8.2.6.1 Market Trends
    8.2.6.2 Market Forecast
  8.2.7 Others
    8.2.7.1 Market Trends
    8.2.7.2 Market Forecast
8.3 Europe
  8.3.1 Germany
    8.3.1.1 Market Trends
    8.3.1.2 Market Forecast
  8.3.2 France
    8.3.2.1 Market Trends
    8.3.2.2 Market Forecast
  8.3.3 United Kingdom
    8.3.3.1 Market Trends
    8.3.3.2 Market Forecast
  8.3.4 Italy
    8.3.4.1 Market Trends
    8.3.4.2 Market Forecast
  8.3.5 Spain
    8.3.5.1 Market Trends
    8.3.5.2 Market Forecast
  8.3.6 Russia
    8.3.6.1 Market Trends
    8.3.6.2 Market Forecast
  8.3.7 Others
    8.3.7.1 Market Trends
    8.3.7.2 Market Forecast
8.4 Latin America
  8.4.1 Brazil
    8.4.1.1 Market Trends
    8.4.1.2 Market Forecast
  8.4.2 Mexico
    8.4.2.1 Market Trends
    8.4.2.2 Market Forecast
  8.4.3 Others
    8.4.3.1 Market Trends
    8.4.3.2 Market Forecast
8.5 Middle East and Africa
  8.5.1 Market Trends
  8.5.2 Market Breakup by Country
  8.5.3 Market Forecast

9 SWOT ANALYSIS

9.1 Overview
9.2 Strengths
9.3 Weaknesses
9.4 Opportunities
9.5 Threats

10 VALUE CHAIN ANALYSIS

11 PORTERS FIVE FORCES ANALYSIS

11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes

12 PRICE ANALYSIS

13 COMPETITIVE LANDSCAPE

13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
  13.3.1 Aecom
    13.3.1.1 Company Overview
    13.3.1.2 Product Portfolio
    13.3.1.3 Financials
    13.3.1.4 SWOT Analysis
  13.3.2 CubeSmart
    13.3.2.1 Company Overview
    13.3.2.2 Product Portfolio
    13.3.2.3 Financials
  13.3.3 Life Storage Inc.
    13.3.3.1 Company Overview
    13.3.3.2 Product Portfolio
    13.3.3.3 Financials
  13.3.4 Metro Storage LLC (Find Local Storage)
    13.3.4.1 Company Overview
    13.3.4.2 Product Portfolio
  13.3.5 National Storage
    13.3.5.1 Company Overview
    13.3.5.2 Product Portfolio
  13.3.6 Public Storage
    13.3.6.1 Company Overview
    13.3.6.2 Product Portfolio
    13.3.6.3 Financials
    13.3.6.4 SWOT Analysis
  13.3.7 Safestore
    13.3.7.1 Company Overview
    13.3.7.2 Product Portfolio
    13.3.7.3 Financials
  13.3.8 Simply Self Storage
    13.3.8.1 Company Overview
    13.3.8.2 Product Portfolio
  13.3.9 StorageMart
    13.3.9.1 Company Overview
    13.3.9.2 Product Portfolio
  13.3.10 U-Haul International Inc. (AMERCO)
    13.3.10.1 Company Overview
    13.3.10.2 Product Portfolio
    13.3.10.3 SWOT Analysis
  13.3.11 Urban Self Storage
    13.3.11.1 Company Overview
    13.3.11.2 Product Portfolio
  13.3.12 World Class Capital Group LLC
    13.3.12.1 Company Overview
    13.3.12.2 Product Portfolio
    13.3.12.3 Financials
    13.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Self Storage Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Self Storage Market Forecast: Breakup by Storage Unit Size (in Million US$), 2023-2028
Table 3: Global: Self Storage Market Forecast: Breakup by End Use (in Million US$), 2023-2028
Table 4: Global: Self Storage Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Self Storage Market: Competitive Structure
Table 6: Global: Self Storage Market: Key Players

LIST OF FIGURES

Figure 1: Global: Self Storage Market: Major Drivers and Challenges
Figure 2: Global: Self Storage Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Self Storage Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Self Storage Market: Breakup by Storage Unit Size (in %), 2022
Figure 5: Global: Self Storage Market: Breakup by End Use (in %), 2022
Figure 6: Global: Self Storage Market: Breakup by Region (in %), 2022
Figure 7: Global: Self Storage (Small Storage Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 8: Global: Self Storage (Small Storage Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 9: Global: Self Storage (Medium Storage Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 10: Global: Self Storage (Medium Storage Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 11: Global: Self Storage (Large Storage Unit) Market: Sales Value (in Million US$), 2017 & 2022
Figure 12: Global: Self Storage (Large Storage Unit) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 13: Global: Self Storage (Personal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 14: Global: Self Storage (Personal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 15: Global: Self Storage (Business) Market: Sales Value (in Million US$), 2017 & 2022
Figure 16: Global: Self Storage (Business) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 17: North America: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 18: North America: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 19: United States: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 20: United States: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 21: Canada: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 22: Canada: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 23: Asia-Pacific: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 24: Asia-Pacific: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 25: China: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 26: China: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 27: Japan: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 28: Japan: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 29: India: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 30: India: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 31: South Korea: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 32: South Korea: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 33: Australia: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 34: Australia: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 35: Indonesia: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 36: Indonesia: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 37: Others: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 38: Others: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 39: Europe: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 40: Europe: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 41: Germany: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 42: Germany: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 43: France: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 44: France: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 45: United Kingdom: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 46: United Kingdom: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 47: Italy: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 48: Italy: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 49: Spain: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 50: Spain: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 51: Russia: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 52: Russia: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 53: Others: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 54: Others: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 55: Latin America: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 56: Latin America: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 57: Brazil: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 58: Brazil: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 59: Mexico: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 60: Mexico: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 61: Others: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 62: Others: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 63: Middle East and Africa: Self Storage Market: Sales Value (in Million US$), 2017 & 2022
Figure 64: Middle East and Africa: Self Storage Market: Breakup by Country (in %), 2022
Figure 65: Middle East and Africa: Self Storage Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Global: Self Storage Industry: SWOT Analysis
Figure 67: Global: Self Storage Industry: Value Chain Analysis
Figure 68: Global: Self Storage Industry: Porter's Five Forces Analysis


More Publications