Dublin, March 12, 2024 (GLOBE NEWSWIRE) -- The "Global Self Storage Market by Facility Types (Climate-Controlled Units, Portable Storage, Traditional Storage Units), Service Levels (Full-Service Storage, Self-Service Storage), End-Users - Forecast 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The Self Storage Market size was estimated at USD 64.14 billion in 2023, USD 66.75 billion in 2024, and is expected to grow at a CAGR of 4.15% to reach USD 85.27 billion by 2030.
The self-storage market comprises businesses that provide rented space to individuals or companies to store personal belongings, business inventory, or equipment. These facilities offer various unit sizes, security features, and access capabilities.
The market's growth is sustained by the increasing demand for additional storage space due to urbanization, business expansion, and the escalation of e-commerce, which necessitates inventory storage solutions for businesses. However, High operational costs associated with maintenance and security and increased market saturation in certain areas lead to competitive pricing pressures. Moreover, fluctuations in economic conditions can impact personal and business budgets, potentially decreasing demand for storage services.
Furthermore, advancements, such as keyless entry systems and remote monitoring, can enhance security and convenience. In addition, expansion of value-added services such as package delivery acceptance, transport services, and sale of packing materials is expected to further boost the demand for self-storage market.
Regional Insights
The Americas region including United States and Canada have a well-established self-storage market with high consumer awareness and a mature industry. Urbanization, lifestyle changes, and population growth have significantly increased the demand for self-storage facilities. Moreover, countries including Brazil, Mexico, and Argentina are experiencing emerging demand for self-storage due to urbanization, economic growth, and changing consumer habits.
The demand for self-storage facilities in the EU countries is driven by urbanization, smaller living spaces, and increased mobility within the EU region. Consumer behavior in the EU indicates a preference for flexibility, with short-term contracts and convenient locations being highly valued. Research and innovation within the EU focus on enhancing customer experience, with mobile apps for unit management and biometric security systems being at the forefront of recent developments.
The self-storage industry is expanding in the APAC region due to urbanization, housing trends towards smaller living spaces, and a growing consumer culture. Furthermore, the government initiatives and investments in warehousing are expected to boost the demand for
Market Segmentation & Coverage
This research report categorizes the Self Storage Market to forecast the revenues and analyze trends in each of the following sub-markets:
- Facility Types
- Climate-Controlled Units
- Portable Storage
- Traditional Storage Units
- Service Levels
- Full-Service Storage
- Self-Service Storage
- End-Users
- Commercial
- Industrial
- Residential
The report offers valuable insights on the following aspects:
- Market Penetration: It presents comprehensive information on the market provided by key players.
- Market Development: It delves deep into lucrative emerging markets and analyzes the penetration across mature market segments.
- Market Diversification: It provides detailed information on new product launches, untapped geographic regions, recent developments, and investments.
- Competitive Assessment & Intelligence: It conducts an exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players.
- Product Development & Innovation: It offers intelligent insights on future technologies, R&D activities, and breakthrough product developments.
The report addresses key questions such as:
- What is the market size and forecast of the Self Storage Market?
- Which products, segments, applications, and areas should one consider investing in over the forecast period in the Self Storage Market?
- What are the technology trends and regulatory frameworks in the Self Storage Market?
- What is the market share of the leading vendors in the Self Storage Market?
- Which modes and strategic moves are suitable for entering the Self Storage Market?
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 196 |
| Forecast Period | 2024 - 2030 |
| Estimated Market Value (USD) in 2024 | $66.75 Billion |
| Forecasted Market Value (USD) by 2030 | $85.27 Billion |
| Compound Annual Growth Rate | 4.1% |
| Regions Covered | Global |
Companies Mentioned
- Big Yellow Group PLC
- Blue Sky Self Storage
- Compass Self Storage
- CubeSmart
- DEVON SELF STORAGE HOLDINGS (US) LLC
- Extra Space Storage
- Life Storage, Inc.
- Life Storage, Inc. by Extra Space Storage
- Metro Self Storage
- Morningstar Storage
- Prime Storage Group
- Public Storage
- Safeguard Self Storage
- Shurgard Europe VOF
- SmartStop Self Storage REIT
- Storage Post
- StorageMart
- Store Space Self Storage
- StorQuest Self Storage
- U-Haul International
- US Storage Centers
For more information about this report visit https://www.researchandmarkets.com/r/6b9wyd
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