PUBLISHER: IMARC | PRODUCT CODE: 1370406
PUBLISHER: IMARC | PRODUCT CODE: 1370406
Self Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Abstract
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?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Self Storage Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Storage Unit Size
- 6.1 Small Storage Unit
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Medium Storage Unit
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Large Storage Unit
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
7 Market Breakup by End Use
- 7.1 Personal
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Business
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North 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
- 8.1.1 United States
- 8.2 Asia-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
- 8.2.1 China
- 8.3 Europe
- 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
- 8.3.1 Germany
- 8.4 Latin 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
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Aecom
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.1.3 Financials
- 13.3.1.4 SWOT Analysis
- 13.3.2 CubeSmart
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.2.3 Financials
- 13.3.3 Life Storage Inc.
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.3.3 Financials
- 13.3.4 Metro Storage LLC (Find Local Storage)
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 National Storage
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Public Storage
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.6.3 Financials
- 13.3.6.4 SWOT Analysis
- 13.3.7 Safestore
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.7.3 Financials
- 13.3.8 Simply Self Storage
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 StorageMart
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 U-Haul International Inc. (AMERCO)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.10.3 SWOT Analysis
- 13.3.11 Urban Self Storage
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 World 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
- 13.3.1 Aecom
List of Figures
- 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
List of Tables
- 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
