Self-Storage Market Size and CAGR by 2031
The Self-Storage Market is expected to register a CAGR of 6.2% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The market is segmented into by machinery Storage Unit Size, and Application. The Storage Unit Size segment is divided into Small Storage Unit, Medium Storage Unit, Large Storage Unit. Based on Application, the global Self-Storage Market market is segmented into Household and Personal storage,, Business Storage, Vehicle and Car Storage.
Purpose of the ReportThe report Self-Storage Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Self-Storage Market Segmentation
Storage Unit Size- Small Storage Unit
- Medium Storage Unit
- Large Storage Unit
- Household and Personal storage
- Business Storage
- Vehicle and Car Storage
Strategic Insights
Self-Storage Market Growth Drivers- Urbanization and Space Limitation: Many individuals as well as companies in the fast-growing urban regions feel the need for more space. The requirement for room space solutions fuels the demand for additional storage facilities in self-storage markets while the individuals look for effortless avenues to store their goods in highly populated regions.
- Changing Consumer Behavior: E-commerce and online shopping have changed consumer behavior because more people acquire more goods. This tendency creates the need for self-storage facilities that keep consumers' excess items without dominating their living or working space
- Growing demand for climate-controlled units: The more the customers get an added incentive to preserve their goods, the more they will opt for climate-controlled storage units. Other customers prefer the establishments that control temperature and humidity levels because they might need protection for sensitive items such as electronics, works of art, and documents
- Integration of Smart Technology in Self-Storage: The self-storage market is increasingly adopting smart technology, such as IoT-enabled security systems, climate control, and automated access. These advancements enhance customer experience by offering real-time monitoring, security, and efficient management of stored items, making self-storage facilities more attractive and convenient.
- Expansion of Mobile Storage Solutions: The opportunities in mobile self-storage services are increasing, where storage units are delivered to the customers' doors. These appeals to consumers in order to attract wider customer markets. Smart locks that can be opened through an online interface; booking and inventory apps can be used to revolutionize the self-storage business toward improving customer experience and operations
- Commercial and Business Storage Solutions: Beyond personal storage, there is significant growth potential in providing self-storage solutions for businesses. Companies seeking flexible storage for inventory, equipment, or documents are increasingly turning to self-storage facilities. This offers an opportunity for operators to cater to small and medium-sized enterprises (SMEs) in need of affordable, scalable storage solutions.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Self-Storage Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Self-Storage Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Have a question?
Naveen
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
Frequently Asked Questions
AECOM, CubeSmartLife Storage, Inc.,Prime Storage Group,Public Storage,Safestore Holdings Plc,Simply Self Storage,StorageMart,Urban Self Storage,U-Haul International, Inc.
The report can be delivered in PDF/PPT format; we can also share excel dataset based on the request.
Some of the customization options available based on the request are an additional 3–5 company profiles and country-specific analysis of 3–5 countries of your choice. Customizations are to be requested/discussed before making final order confirmation, as our team would review the same and check the feasibility.
Increasing demand for climate controlled storages
The major factors driving the Self-Storage Marketmarket are: Increased space limitation
The Self-Storage Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis Report Coverage: By Storage Unit Size (Small Storage Unit, Medium Storage Unit, Large Storage Unit); Application (Household and Personal storage,, Business Storage, Vehicle and Car Storage) , and Geography (North America, Europe, Asia Pacific, and South and Central America) is estimated to witness a CAGR of 6.2% from 2023 to 2031
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Self-Storage Market - By Storage Unit Size
1.3.2 Self-Storage Market - By Application
1.3.3 Self-Storage Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. SELF-STORAGE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS
5. SELF-STORAGE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. SELF-STORAGE MARKET - GLOBAL MARKET ANALYSIS
6.1. SELF-STORAGE - GLOBAL MARKET OVERVIEW
6.2. SELF-STORAGE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. SELF-STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - STORAGE UNIT SIZE
7.1. OVERVIEW
7.2. STORAGE UNIT SIZE MARKET FORECASTS AND ANALYSIS
7.3. SMALL STORAGE UNIT
7.3.1. Overview
7.3.2. Small Storage Unit Market Forecast and Analysis
7.4. MEDIUM STORAGE UNIT
7.4.1. Overview
7.4.2. Medium Storage Unit Market Forecast and Analysis
7.5. LARGE STORAGE UNIT
7.5.1. Overview
7.5.2. Large Storage Unit Market Forecast and Analysis
8. SELF-STORAGE MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
8.1. OVERVIEW
8.2. APPLICATION MARKET FORECASTS AND ANALYSIS
8.3. HOUSEHOLD AND PERSONAL STORAGE,
8.3.1. Overview
8.3.2. Household and Personal storage, Market Forecast and Analysis
8.4. BUSINESS STORAGE
8.4.1. Overview
8.4.2. Business Storage Market Forecast and Analysis
8.5. VEHICLE AND CAR STORAGE
8.5.1. Overview
8.5.2. Vehicle and Car Storage Market Forecast and Analysis
9. SELF-STORAGE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Self-Storage Market Overview
9.1.2 North America Self-Storage Market Forecasts and Analysis
9.1.3 North America Self-Storage Market Forecasts and Analysis - By Storage Unit Size
9.1.4 North America Self-Storage Market Forecasts and Analysis - By Application
9.1.5 North America Self-Storage Market Forecasts and Analysis - By Countries
9.1.5.1 United States Self-Storage Market
9.1.5.1.1 United States Self-Storage Market by Storage Unit Size
9.1.5.1.2 United States Self-Storage Market by Application
9.1.5.2 Canada Self-Storage Market
9.1.5.2.1 Canada Self-Storage Market by Storage Unit Size
9.1.5.2.2 Canada Self-Storage Market by Application
9.1.5.3 Mexico Self-Storage Market
9.1.5.3.1 Mexico Self-Storage Market by Storage Unit Size
9.1.5.3.2 Mexico Self-Storage Market by Application
9.2. EUROPE
9.2.1 Europe Self-Storage Market Overview
9.2.2 Europe Self-Storage Market Forecasts and Analysis
9.2.3 Europe Self-Storage Market Forecasts and Analysis - By Storage Unit Size
9.2.4 Europe Self-Storage Market Forecasts and Analysis - By Application
9.2.5 Europe Self-Storage Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Self-Storage Market
9.2.5.1.1 Germany Self-Storage Market by Storage Unit Size
9.2.5.1.2 Germany Self-Storage Market by Application
9.2.5.2 France Self-Storage Market
9.2.5.2.1 France Self-Storage Market by Storage Unit Size
9.2.5.2.2 France Self-Storage Market by Application
9.2.5.3 Italy Self-Storage Market
9.2.5.3.1 Italy Self-Storage Market by Storage Unit Size
9.2.5.3.2 Italy Self-Storage Market by Application
9.2.5.4 United Kingdom Self-Storage Market
9.2.5.4.1 United Kingdom Self-Storage Market by Storage Unit Size
9.2.5.4.2 United Kingdom Self-Storage Market by Application
9.2.5.5 Russia Self-Storage Market
9.2.5.5.1 Russia Self-Storage Market by Storage Unit Size
9.2.5.5.2 Russia Self-Storage Market by Application
9.2.5.6 Rest of Europe Self-Storage Market
9.2.5.6.1 Rest of Europe Self-Storage Market by Storage Unit Size
9.2.5.6.2 Rest of Europe Self-Storage Market by Application
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Self-Storage Market Overview
9.3.2 Asia-Pacific Self-Storage Market Forecasts and Analysis
9.3.3 Asia-Pacific Self-Storage Market Forecasts and Analysis - By Storage Unit Size
9.3.4 Asia-Pacific Self-Storage Market Forecasts and Analysis - By Application
9.3.5 Asia-Pacific Self-Storage Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Self-Storage Market
9.3.5.1.1 Australia Self-Storage Market by Storage Unit Size
9.3.5.1.2 Australia Self-Storage Market by Application
9.3.5.2 China Self-Storage Market
9.3.5.2.1 China Self-Storage Market by Storage Unit Size
9.3.5.2.2 China Self-Storage Market by Application
9.3.5.3 India Self-Storage Market
9.3.5.3.1 India Self-Storage Market by Storage Unit Size
9.3.5.3.2 India Self-Storage Market by Application
9.3.5.4 Japan Self-Storage Market
9.3.5.4.1 Japan Self-Storage Market by Storage Unit Size
9.3.5.4.2 Japan Self-Storage Market by Application
9.3.5.5 South Korea Self-Storage Market
9.3.5.5.1 South Korea Self-Storage Market by Storage Unit Size
9.3.5.5.2 South Korea Self-Storage Market by Application
9.3.5.6 Rest of Asia-Pacific Self-Storage Market
9.3.5.6.1 Rest of Asia-Pacific Self-Storage Market by Storage Unit Size
9.3.5.6.2 Rest of Asia-Pacific Self-Storage Market by Application
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Self-Storage Market Overview
9.4.2 Middle East and Africa Self-Storage Market Forecasts and Analysis
9.4.3 Middle East and Africa Self-Storage Market Forecasts and Analysis - By Storage Unit Size
9.4.4 Middle East and Africa Self-Storage Market Forecasts and Analysis - By Application
9.4.5 Middle East and Africa Self-Storage Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Self-Storage Market
9.4.5.1.1 South Africa Self-Storage Market by Storage Unit Size
9.4.5.1.2 South Africa Self-Storage Market by Application
9.4.5.2 Saudi Arabia Self-Storage Market
9.4.5.2.1 Saudi Arabia Self-Storage Market by Storage Unit Size
9.4.5.2.2 Saudi Arabia Self-Storage Market by Application
9.4.5.3 U.A.E Self-Storage Market
9.4.5.3.1 U.A.E Self-Storage Market by Storage Unit Size
9.4.5.3.2 U.A.E Self-Storage Market by Application
9.4.5.4 Rest of Middle East and Africa Self-Storage Market
9.4.5.4.1 Rest of Middle East and Africa Self-Storage Market by Storage Unit Size
9.4.5.4.2 Rest of Middle East and Africa Self-Storage Market by Application
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Self-Storage Market Overview
9.5.2 South and Central America Self-Storage Market Forecasts and Analysis
9.5.3 South and Central America Self-Storage Market Forecasts and Analysis - By Storage Unit Size
9.5.4 South and Central America Self-Storage Market Forecasts and Analysis - By Application
9.5.5 South and Central America Self-Storage Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Self-Storage Market
9.5.5.1.1 Brazil Self-Storage Market by Storage Unit Size
9.5.5.1.2 Brazil Self-Storage Market by Application
9.5.5.2 Argentina Self-Storage Market
9.5.5.2.1 Argentina Self-Storage Market by Storage Unit Size
9.5.5.2.2 Argentina Self-Storage Market by Application
9.5.5.3 Rest of South and Central America Self-Storage Market
9.5.5.3.1 Rest of South and Central America Self-Storage Market by Storage Unit Size
9.5.5.3.2 Rest of South and Central America Self-Storage Market by Application
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. SELF-STORAGE MARKET, KEY COMPANY PROFILES
11.1. AECOM
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. CUBESMART
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. LIFE STORAGE, INC.
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. PRIME STORAGE GROUP
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. PUBLIC STORAGE
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. SAFESTORE HOLDINGS PLC
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. SIMPLY SELF STORAGE MANAGEMENT LLC
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. STORAGEMART
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. URBAN SELF STORAGE
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. U-HAUL INTERNATIONAL, INC.
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. AECOM
2. CubeSmart
3. Life Storage, Inc.
4. Prime Storage Group
5. Public Storage
6. Safestore Holdings Plc
7. Simply Self Storage Management LLC
8. StorageMart
9. Urban Self Storage
10. U-Haul International, Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
Get Free Sample For