United States Self Storage Market Report by Storage Unit Size (Small Storage Unit, Medium Storage Unit, Large Storage Unit), End Use (Personal, Business), and Region 2024-2032

United States Self Storage Market Report by Storage Unit Size (Small Storage Unit, Medium Storage Unit, Large Storage Unit), End Use (Personal, Business), and Region 2024-2032

Report Format: PDF+Excel | Report ID: SR112024A6254
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Market Overview:

The United States self storage market size reached US$ 29.5 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.8 Billion by 2032, exhibiting a growth rate (CAGR) of 1.86% during 2024-2032.

Report Attribute 
Key Statistics
Base Year
Forecast Years
Historical Years
Market Size in 2023
US$ 29.5 Billion
Market Forecast in 2032
US$ 34.8 Billion
Market Growth Rate 2024-2032 1.86%

Self storage, a sub-sector of the commercial real estate market, refers to the storage space that is lent to renters, often on a short-term basis. The system involves renting out storage spaces, also called storage units, to tenants, typically for short periods of time. Self-storage services provide boxes, locks, packing materials, and other tools for individuals or businesses to safely store supplies. They also comprise customized features, such as climate control, special racks, and shelves for storing specialty items. Additionally, they allow tenants to add or remove items at their discretion. Therefore, self storage gives the tenants greater control over their belongings, unlike full-service storage facilities where the tenants have to rely on the storage provider to store and manage their belongings.

United States Self Storage Market Trends:

The market in the United States is majorly driven by the augmenting need for constructing brick-and-mortar warehouses and inventories for pickup and delivery purposes. This can be attributed to considerable growth in the e-commerce sector. The market is also propelled by the growing demand for niche services, such as climate-controlled environments, automated operations, and customized spaces for storing fragile or perishable products, such as groceries or sports equipment. Furthermore, the increasing rates of rent for housing complexes in the metropolitan areas and cramming spaces are also creating a positive outlook for the market. Some of the other factors providing an impetus to the market include structural changes in the retail and office systems, the advent of self-storage software, extensive research and development (R&D) activities, and the rising capital investment by market players.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the United States self storage market report, along with forecasts at the country and regional level from 2024-2032. 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:

  • Northeast
  • Midwest
  • South
  • West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Coverage:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Storage Unit Size, End Use, Region
Region Covered Northeast, Midwest, South, West
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3699
Five User License: US$ 4699
Corporate License: US$ 5699
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

The United States self-storage market was valued at US$ 29.5 Billion in 2023.

We expect the United States self-storage market to exhibit a CAGR of 1.86% during 2024-2032.

The increasing number of apartments with limited spaces, along with the growing need for cost-effective, short-term, or long-term solutions to address space management issues among small businesses and start-ups, is primarily driving the United States self-storage market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of self-storage containers and boxes for household purposes.

Based on the storage unit size, the United States self storage market can be bifurcated into small storage unit, medium storage unit, and large storage unit. Among these, large storage unit currently accounts for the largest market share.

Based on the end use, the United States self storage market can be divided into personal and business. Currently, personal exhibits a clear dominance in the market.

On a regional level, the market has been classified into Northeast, Midwest, South, and West, where Northeast currently dominates the United States self storage market.

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United States Self Storage Market Report by Storage Unit Size (Small Storage Unit, Medium Storage Unit, Large Storage Unit), End Use (Personal, Business), and Region 2024-2032
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