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Report
Self Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-10-15 I 146 Pages I IMARC Group
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
2.1Objectives of the Study
2.2Stakeholders
2.3Data Sources
2.3.1Primary Sources
2.3.2Secondary Sources
2.4Market Estimation
2.4.1Bottom-Up Approach
2.4.2Top-Down Approach
2.5Forecasting Methodology
3 Executive Summary
4 Introduction
4.1Overview
4.2Key Industry Trends
5 Global Self Storage Market
5.1Market Overview
5.2Market Performance
5.3Impact of COVID-19
5.4Market Forecast
6 Market Breakup by Storage Unit Size
6.1Small Storage Unit
6.1.1 Market Trends
6.1.2 Market Forecast
6.2Medium Storage Unit
6.2.1 Market Trends
6.2.2 Market Forecast
6.3Large Storage Unit
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End Use
7.1Personal
7.1.1 Market Trends
7.1.2 Market Forecast
7.2Business
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1North 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
8.2Asia-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
8.3Europe
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
8.4Latin 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
8.5Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 SWOT Analysis
9.1Overview
9.2Strengths
9.3Weaknesses
9.4Opportunities
9.5Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1Overview
11.2Bargaining Power of Buyers
11.3Bargaining Power of Suppliers
11.4Degree of Competition
11.5Threat of New Entrants
11.6Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1Market Structure
13.2Key Players
13.3Profiles of Key Players
13.3.1Aecom
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.1.3 Financials
13.3.1.4 SWOT Analysis
13.3.2CubeSmart
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.2.3 Financials
13.3.3Life Storage Inc.
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.3.3 Financials
13.3.4Metro Storage LLC (Find Local Storage)
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5National Storage
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.6Public Storage
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.6.3 Financials
13.3.6.4 SWOT Analysis
13.3.7Safestore
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
13.3.7.3 Financials
13.3.8Simply Self Storage
13.3.8.1 Company Overview
13.3.8.2 Product Portfolio
13.3.9StorageMart
13.3.9.1 Company Overview
13.3.9.2 Product Portfolio
13.3.10U-Haul International Inc. (AMERCO)
13.3.10.1 Company Overview
13.3.10.2 Product Portfolio
13.3.10.3 SWOT Analysis
13.3.11Urban Self Storage
13.3.11.1 Company Overview
13.3.11.2 Product Portfolio
13.3.12World 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
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
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
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