Self Storage Market Report: Trends, Forecast and Competitive Analysis to 2030

Self Storage Trends and Forecast

The future of the global self storage market looks promising with opportunities in the household & personal storage, business storage, and vehicle & car storage applications. The global self storage market is expected to reach an estimated $65.4 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are continual growth of small and e-commerce sector and rising demand for need for streamlined storage solutions.

A more than 150-page report is developed to help in your business decisions.

Self Storage by Segment

The study includes a forecast for the global self storage by storage unit size, user type, application, and region.

Self Storage Market by Storage Unit Size [Shipment Analysis by Value from 2018 to 2030]:

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

Self Storage Market by User Type [Shipment Analysis by Value from 2018 to 2030]:

• Personal
• Business
• Others

Self Storage Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Household & Personal Storage
• Business Storage
• Vehicle & Car Storage

Self Storage Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Self Storage Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies self storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the self storage companies profiled in this report include-

• U-Haul
• Life Storage
• CubeSmart
• National Storage Affiliates
• Safestore

Self Storage Market Insights

Lucintel forecasts that medium storage unit is expected to witness highest growth over the forecast period due to its features like versatility and can be used to store a wide range of items, such as furniture, appliances, and boxes.

Within this market, household & personal is expected to witness highest growth over the forecast period due to rising demand for self storage from travelers needing temporary storage and students who require storage during term breaks.

North America is expected to witness highest growth over the forecast period due to rapid urbanization, rising populaton's disposable income, and increasing awareness of self-storage services among small and large enterprises in the region.

Features of the Global Self Storage Market

Market Size Estimates: Self storage market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Self storage market size by storage unit size, user type, application, and region in terms of value ($B).

Regional Analysis: Self storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different storage unit sizes, user types, applications, and regions for the self storage market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the self storage market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q.1 What is the self storage market size?

Answer: The global self storage market is expected to reach an estimated $65.4 billion by 2030.

Q.2 What is the growth forecast for self storage market?

Answer: The global self storage market is expected to grow with a CAGR of 5.0% from 2024 to 2030.

Q.3 What are the major drivers influencing the growth of the self storage market?

Answer: The major drivers for this market are continual growth of small and e-commerce sector and rising demand for need for streamlined storage solutions.

Q4. What are the major segments for self storage market?

Answer: The future of the self storage market looks promising with opportunities in the household & personal storage, business storage, and vehicle & car storage applications.

Q5. Who are the key self storage market companies?

Answer: Some of the key self storage companies are as follows:

• U-Haul
• Life Storage
• CubeSmart
• National Storage Affiliates
• Safestore

Q6. Which self storage market segment will be the largest in future?

Answer: Lucintel forecasts that medium storage unit is expected to witness highest growth over the forecast period due to its features like versatility and can be used to store a wide range of items, such as furniture, appliances, and boxes.

Q7. In self storage market, which region is expected to be the largest in next 5 years?

Answer: North America is expected to witness highest growth over the forecast period due to rapid urbanization, rising populaton's disposable income, and increasing awareness of self-storage services among small and large enterprises in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the self storage market by storage unit size (small storage unit, medium storage unit, and large storage unit), user type (personal, business, and others), application (household & personal storage, business storage, and vehicle & car storage), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?