How Big is The Self Storage Market:
IMARC Group, a leading market research company, has recently releases report titled “Self-Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” 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.
What is Self-Storage Market?
Self-storage is a service offered by companies that lease secure storage units to individuals or businesses. These storage units are typically situated in specialized facilities intended for the temporary or extended storage of a wide range of items, including personal belongings, household items, or business inventory. Self-storage provides a convenient, secure, and flexible solution for individuals and businesses seeking additional space to store their possessions. Customers have the freedom to access their stored items as needed, providing them with peace of mind knowing that their belongings are securely housed in a monitored and protected environment.
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What are the growth prospects and trends in the Self Storage industry?
The increasing number of remodeling and renovation activities of homes due to rapid urbanization and inflating income levels represent one of the primary factors driving the demand for self storage spaces around the world. Moreover, the rising adoption of self storage for commercial and business needs, including storing seasonal promotional material or printers, is favoring the growth of the market. In addition, the growing rates of rent for accommodation in the metropolitan areas and cramming spaces are influencing the market positively. Apart from this, the incorporation of advanced technologies like artificial intelligence (AI), sensors, and the internet of things (IoT) to monitor all storage units, increase occupancy, and enhance the tenant experience, is bolstering the market growth.
Who are the key players operating in the industry?
- 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
- World Class Capital Group LLC.
What is included in market segmentation?
The report has been segmented the market into following categories:
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
Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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