Self Storage Global Market Report 2024

Description

Self-storage is a service where individuals or businesses can rent storage space to keep their belongings. These spaces come in various sizes and are typically rented on a monthly basis, offering a flexible solution for additional storage needs. The industry serves a diverse clientele, including people who are moving and businesses that need to store inventory or documents.

Self-storage options include climate-controlled units, portable storage, and traditional storage units. Climate-controlled units feature heating and cooling systems that maintain stable temperatures and humidity levels, making them suitable for storing sensitive items such as electronics, artwork, and important documents that need protection from extreme weather. Storage unit sizes range from small to large, accommodating different needs such as household and personal storage, business storage, and vehicle storage. The end users include commercial, industrial, and residential customers.

The self-storage market research report is one of a series of new reports from The Business Research Company that provides self-storage market statistics, including self-storage industry global market size, regional shares, competitors with a self-storage market share, detailed self-storage market segments, market trends and opportunities, and any further data you may need to thrive in the self-storage industry. This self-storage market research report delivers a complete perspective on everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The self-storage market size has grown strongly in recent years. It will grow from $59.03 billion in 2023 to $63.58 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The growth during the historic period can be attributed to increasing urbanization, rising real estate prices, changes in lifestyle, growing commercial demand, and an increased business awareness of storage costs and benefits.

The self-storage market size is expected to see strong growth in the next few years. It will grow to $86.05 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth during the forecast period can be attributed to the rising demand for non-conventional storage options, an improving economic outlook, the expansion of small-scale businesses, increased demand for climate control, and a growing need for storage. Major trends in the forecast period include the adoption of technology in self-storage facilities, a growing preference for climate-controlled storage units, flexible leasing options, value-added services, and a rise in demand for smaller storage units.

The expansion of the e-commerce sector is anticipated to drive the growth of the self-storage market in the future. The e-commerce industry involves online buying and selling of goods and services, using digital platforms to reach a global audience and simplify transactions. The sector is growing due to increasing consumer preference for personalized and local products, along with the convenience and accessibility of online shopping. The self-storage market offers the e-commerce industry flexible, cost-effective solutions for managing excess inventory, seasonal stock, and business equipment. For example, in February 2024, the Census Bureau of the Department of Commerce reported that e-commerce sales in the fourth quarter of 2023 increased by 7.5% compared to the same period in 2022. Consequently, the growth of e-commerce platforms is boosting the self-storage market.

Leading companies in the self-storage market are implementing smart storage solutions to enhance customer experience, improve security, and streamline operations. Smart storage integrates advanced technologies with Internet of Things (IoT) sensors, radio-frequency identification (RFID) tracking, and automated inventory management systems to optimize storage space, improve accessibility, and enhance security within storage facilities. For instance, in September 2023, Vantiva SA, a France-based telecommunications company, introduced Vantiva Smart Storage. This innovative Wi-Fi and IoT software solution for the self-storage industry allows integration of third-party devices and subsystems while supporting various communication protocols. It enables 24-hour remote and secure monitoring of essential assets with alert features, unifying all technology subsystems, including sensors, HVAC, and access control, into a single dashboard for operators to oversee operations, identify inefficiencies, and respond to alerts across multiple locations.

In September 2023, Public Storage, a US-based self-storage company, acquired Simply Self Storage for $2.2 billion. This acquisition aims to enhance Public Storage's market presence by adding 127 properties with a total of 9 million rentable square feet, reinforcing its position as a leading player in the self-storage industry. Simply Self Storage is a US-based company specializing in self-storage platforms.

Major companies operating in the self storage market are U-Haul, Public Storage, Extra Space Storage, CubeSmart, Life Storage Inc., National Storage Affiliates Trust, Shurgard Self Storage, Storage Solutions, Big Yellow Self Storage Company, Safestore, SmartStop Self Storage, StorQuest Self Storage, Metro Self Storage, StorageMart, Simply Self Storage, Prime Storage, iStorage, Westport Properties, Global Self Storage Inc., Lok'nStore, Central Self Storage, Metro Mini Storage

North America was the largest region in the self storage market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the self storage market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the self storage market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The self-storage market consists of revenues earned by entities by providing services such as access services, unit rental, convenience service, specialized storage, and business storage solutions. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Self Storage Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on self storage market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for self storage ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The self storage market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

The market characteristics section of the report defines and explains the market.
The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

Market segmentations break down the market into sub markets.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:1) By Type: Climate-Controlled Units; Portable Storage; Traditional Storage Units
2) By Storage Unit Size: Small Storage Unit; Medium Storage Unit; Large Storage Unit
3) By Application: Household And Personal Storage; Business Storage; Vehicle And Car Storage
4) By End Users: Commercial; Industrial; Residential
Companies Mentioned: U-Haul; Public Storage; Extra Space Storage; CubeSmart; Life Storage Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Product Code: r19776

1. Executive Summary

2. Self Storage Market Characteristics

3. Self Storage Market Trends And Strategies

4. Self Storage Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Self Storage Market Size and Growth

5.1. Global Self Storage Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Self Storage Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Self Storage Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Self Storage Market Segmentation

6.1. Global Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Climate-Controlled Units
Portable Storage
Traditional Storage Units
6.2. Global Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Small Storage Unit
Medium Storage Unit
Large Storage Unit
6.3. Global Self Storage Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Household And Personal Storage
Business Storage
Vehicle And Car Storage
6.4. Global Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Commercial
Industrial
Residential

7. Self Storage Market Regional And Country Analysis

7.1. Global Self Storage Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Self Storage Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Self Storage Market

8.1. Asia-Pacific Self Storage Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Self Storage Market

9.1. China Self Storage Market Overview
9.2. China Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Self Storage Market

10.1. India Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Self Storage Market

11.1. Japan Self Storage Market Overview
11.2. Japan Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.4. Japan Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Self Storage Market

12.1. Australia Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Self Storage Market

13.1. Indonesia Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Self Storage Market

14.1. South Korea Self Storage Market Overview
14.2. South Korea Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.4. South Korea Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Self Storage Market

15.1. Western Europe Self Storage Market Overview
15.2. Western Europe Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Self Storage Market

16.1. UK Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Self Storage Market

17.1. Germany Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Self Storage Market

18.1. France Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.2. France Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.3. France Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Self Storage Market

19.1. Italy Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.2. Italy Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.3. Italy Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Self Storage Market

20.1. Spain Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.2. Spain Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.3. Spain Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Self Storage Market

21.1. Eastern Europe Self Storage Market Overview
21.2. Eastern Europe Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Self Storage Market

22.1. Russia Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Self Storage Market

23.1. North America Self Storage Market Overview
23.2. North America Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Self Storage Market

24.1. USA Self Storage Market Overview
24.2. USA Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Self Storage Market

25.1. Canada Self Storage Market Overview
25.2. Canada Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Self Storage Market

26.1. South America Self Storage Market Overview
26.2. South America Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Self Storage Market

27.1. Brazil Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Self Storage Market

28.1. Middle East Self Storage Market Overview
28.2. Middle East Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Self Storage Market

29.1. Africa Self Storage Market Overview
29.2. Africa Self Storage Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Self Storage Market, Segmentation By Storage Unit Size, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Self Storage Market, Segmentation By End Users, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Self Storage Market Competitive Landscape And Company Profiles

30.1. Self Storage Market Competitive Landscape
30.2. Self Storage Market Company Profiles
- 30.2.1. U-Haul
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. Public Storage
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. Extra Space Storage
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. CubeSmart
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. Life Storage Inc.
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Self Storage Market Other Major And Innovative Companies

31.1. National Storage Affiliates Trust
31.2. Shurgard Self Storage
31.3. Storage Solutions
31.4. Big Yellow Self Storage Company
31.5. Safestore
31.6. SmartStop Self Storage
31.7. StorQuest Self Storage
31.8. Metro Self Storage
31.9. StorageMart
31.10. Simply Self Storage
31.11. Prime Storage
31.12. iStorage
31.13. Westport Properties
31.14. Global Self Storage Inc.
31.15. Lok'nStore

32. Global Self Storage Market Competitive Benchmarking

33. Global Self Storage Market Competitive Dashboard

34. Key Mergers And Acquisitions In The Self Storage Market

35. Self Storage Market Future Outlook and Potential Analysis

35.1 Self Storage Market In 2028 - Countries Offering Most New Opportunities
35.2 Self Storage Market In 2028 - Segments Offering Most New Opportunities
35.3 Self Storage Market In 2028 - Growth Strategies
- 35.3.1 Market Trend Based Strategies
- 35.3.2 Competitor Strategies

36. Appendix

36.1. Abbreviations
36.2. Currencies
36.3. Historic And Forecast Inflation Rates
36.4. Research Inquiries
36.5. The Business Research Company
36.6. Copyright And Disclaimer