Self Storage Market Size, Top Players, Analysis, Research Report 2023-2028

 The latest research study “Self Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the 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 represents a unit of space within a large warehouse or building rented to tenants for storing personal possessions, often on a short-term basis. It comprises individual enclosed chambers commonly available in medium, small, and large variants. Self storage is walled with corrugated metal and concrete cinder blocks, which are secured by the lock and key of the renter. This space aids in reducing clutter, facilitating hoarding, ensuring safety, systematically organizing items, offering reliable, flexible, and secure warehouse facilities, etc. As a result, self storage finds widespread applications in parking vehicles, document archiving, storing equipment and house decor, relocating spaces, additional inventory, and decluttering homes. 

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Self Storage Market Trends and Drivers: 

The escalating global population and the increasing demand for additional storehouses, on account of the expanding families with more material possessions, are among the primary factors driving the self storage market. Besides this, the elevating product requirement for business and commercial needs, such as holding seasonal promotional material or printers that are not required regularly, is further augmenting the market growth. Moreover, the rising incorporation of artificial intelligence (AI) and the internet of things (IoT) to monitor self storage units, increase occupancy, improve marketing effectiveness, and enhance the tenant experience is also catalyzing the global market. Apart from this, the development of innovative work models for warehousing facilities to cut out rents on spaces, owing to the sudden outbreak of the COVID-19 pandemic, is anticipated to propel the self storage market over the forecasted period. 

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List of Major Key Players:

The major players in the market are 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

Report Segmentation:

The report has been segmented the market into following categories:

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

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

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