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Self Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global self storage market reached a value of US$ 51.32 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 71.37 Billion by 2027, exhibiting a CAGR of 5.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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, along with forecasts at the global, regional and country level from 2022-2027. 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.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Storage Unit Size, End Use, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered 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.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

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

    2.1    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
    8.2    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
    8.3    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
    8.4    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
    8.5    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

List of Figures

Figure 1: Global: Self Storage Market: Major Drivers and Challenges
Figure 2: Global: Self Storage Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Self Storage Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Self Storage Market: Breakup by Storage Unit Size (in %), 2021
Figure 5: Global: Self Storage Market: Breakup by End Use (in %), 2021
Figure 6: Global: Self Storage Market: Breakup by Region (in %), 2021
Figure 7: Global: Self Storage (Small Storage Unit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 8: Global: Self Storage (Small Storage Unit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 9: Global: Self Storage (Medium Storage Unit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Self Storage (Medium Storage Unit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Self Storage (Large Storage Unit) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Self Storage (Large Storage Unit) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Self Storage (Personal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Self Storage (Personal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Self Storage (Business) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Self Storage (Business) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: North America: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: North America: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: United States: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: United States: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Canada: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Canada: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Asia-Pacific: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Asia-Pacific: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: China: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: China: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Japan: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Japan: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: India: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: India: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: South Korea: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: South Korea: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Australia: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Australia: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Indonesia: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Indonesia: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Others: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Others: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Europe: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Europe: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Germany: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Germany: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: France: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: France: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: United Kingdom: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: United Kingdom: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Italy: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Italy: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: Spain: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: Spain: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Russia: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Russia: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Others: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Others: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Latin America: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Latin America: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Brazil: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Brazil: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Mexico: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Mexico: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Middle East and Africa: Self Storage Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Middle East and Africa: Self Storage Market: Breakup by Country (in %), 2021
Figure 65: Middle East and Africa: Self Storage Market Forecast: Sales Value (in Million US$), 2022-2027
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, 2021 and 2027
Table 2: Global: Self Storage Market Forecast: Breakup by Storage Unit Size (in Million US$), 2022-2027
Table 3: Global: Self Storage Market Forecast: Breakup by End Use (in Million US$), 2022-2027
Table 4: Global: Self Storage Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 5: Global: Self Storage Market: Competitive Structure
Table 6: Global: Self Storage Market: Key Players


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