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

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

Report Format: PDF+Excel | Report ID: SR112023A6254
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Market Overview:

The United States self storage market is expected to exhibit a CAGR of XX% 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. These insights are included in the report as a major market contributor.

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 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:

  • 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 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Million
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$ 2699
Five User License: US$ 3699
Corporate License: US$ 4699
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 United States 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 United States 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 United States self storage market and who are the key players?
  • What is the degree of competition in the industry?

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