Self-Storage Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

The self storage refers to the storage space rented to tenants often on a short-term basis. The industry is a sub-division of the commercial real-estate market. The rapid urbanization and migration of people to different metropolitan areas for jobs and other purposes have drastically resulted in the demand for self storage units. There has been a significant rise in the investment activity in the self-storage sector, particularly in the Asia Pacific region in recent years.

MARKET SCOPE

The "Global Self-Storage Market Analysis to 2031" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of the self-storage market with detailed market segmentation by storage unit size, application, and geography. The report provides key statistics on the market status of the leading self-storage market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on storage unit size, the global self-storage market is segmented into small storage unit, medium storage unit, and large storage unit.
•   On the basis of application, the market is segmented into household and personal storage, business storage, and vehicle and car storage.

MARKET DYNAMICS
Drivers:

•   The self storage market is expected to soar in the forecast period owing to driving factors such as rapid urbanization. The growth of small businesses and the e-commerce industry is further likely to fuel market growth.
•   An improved economic outlook is likely to offer significant growth opportunities for the key players of the self storage market in the future.

Restraints:

•   Operational inefficiency and rising cost may hinder the growth of the self storage market.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The self-storage market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the self-storage market in these regions.

IMPACT OF COVID-19 ON SELF-STORAGE MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.

Self-Storage Market Report Analysis

Self-Storage Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• AECOM
• CubeSmart
• Life Storage, Inc.
• Prime Storage Group
• Public Storage
• Safestore Holdings Plc
• Simply Self Storage Management LLC
• StorageMart
• Urban Self Storage

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Storage Unit Size

• Small Storage Unit
• Medium Storage Unit
• Large Storage Unit

By Application

• Household and Personal storage
• Business Storage
• Vehicle and Car Storage

MARKET PLAYERS

The report covers key developments in the self-storage market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from self-storage market are anticipated to lucrative growth opportunities in the future with the rising demand in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the self-storage market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   AECOM
•   CubeSmart
•   Life Storage, Inc.
•   Prime Storage Group
•   Public Storage
•   Safestore Holdings Plc
•   Simply Self Storage Management LLC
•   StorageMart
•   Urban Self Storage
•   U-Haul International, Inc.

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Self-Storage Market Report Scope