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Self Storage Trends and Forecast
The future of the global self storage market looks promising with opportunities in the household & personal storage, business storage, and vehicle & car storage applications. The global self storage market is expected to reach an estimated $65.4 billion by 2030 with a CAGR of 5.0% from 2024 to 2030. The major drivers for this market are continual growth of small and e-commerce sector and rising demand for need for streamlined storage solutions.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Self Storage by Segment
The study includes a forecast for the global self storage by storage unit size, user type, application, and region.
Self Storage Market by Storage Unit Size [Shipment Analysis by Value from 2018 to 2030]:
• Small Storage Unit
• Medium Storage Unit
• Large Storage Unit
Self Storage Market by User Type [Shipment Analysis by Value from 2018 to 2030]:
• Personal
• Business
• Others
Self Storage Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Household & Personal Storage
• Business Storage
• Vehicle & Car Storage
Self Storage Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Self Storage Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies self storage companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the self storage companies profiled in this report include-
• U-Haul
• Life Storage
• CubeSmart
• National Storage Affiliates
• Safestore
Self Storage Market Insights
Lucintel forecasts that medium storage unit is expected to witness highest growth over the forecast period due to its features like versatility and can be used to store a wide range of items, such as furniture, appliances, and boxes.
Within this market, household & personal is expected to witness highest growth over the forecast period due to rising demand for self storage from travelers needing temporary storage and students who require storage during term breaks.
North America is expected to witness highest growth over the forecast period due to rapid urbanization, rising populatonÄX%$%Xs disposable income, and increasing awareness of self-storage services among small and large enterprises in the region.
Features of the Global Self Storage Market
Market Size Estimates: Self storage market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Self storage market size by storage unit size, user type, application, and region in terms of value ($B).
Regional Analysis: Self storage market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different storage unit sizes, user types, applications, and regions for the self storage market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the self storage market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q.1 What is the self storage market size?
Answer: The global self storage market is expected to reach an estimated $65.4 billion by 2030.
Q.2 What is the growth forecast for self storage market?
Answer: The global self storage market is expected to grow with a CAGR of 5.0% from 2024 to 2030.
Q.3 What are the major drivers influencing the growth of the self storage market?
Answer: The major drivers for this market are continual growth of small and e-commerce sector and rising demand for need for streamlined storage solutions.
Q4. What are the major segments for self storage market?
Answer: The future of the self storage market looks promising with opportunities in the household & personal storage, business storage, and vehicle & car storage applications.
Q5. Who are the key self storage market companies?
Answer: Some of the key self storage companies are as follows:
• U-Haul
• Life Storage
• CubeSmart
• National Storage Affiliates
• Safestore
Q6. Which self storage market segment will be the largest in future?
Answer: Lucintel forecasts that medium storage unit is expected to witness highest growth over the forecast period due to its features like versatility and can be used to store a wide range of items, such as furniture, appliances, and boxes.
Q7. In self storage market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to rapid urbanization, rising populatonÄX%$%Xs disposable income, and increasing awareness of self-storage services among small and large enterprises in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the self storage market by storage unit size (small storage unit, medium storage unit, and large storage unit), user type (personal, business, and others), application (household & personal storage, business storage, and vehicle & car storage), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Self Storage Market, Self Storage Market Size, Self Storage Market Growth, Self Storage Market Analysis, Self Storage Market Report, Self Storage Market Share, Self Storage Market Trends, Self Storage Market Forecast, Self Storage Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Self Storage Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Self Storage Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Self Storage Market by Storage Unit Size
3.3.1: Small Storage Unit
3.3.2: Medium Storage Unit
3.3.3: Large Storage Unit
3.4: Global Self Storage Market by User Type
3.4.1: Personal
3.4.2: Business
3.4.3: Others
3.5: Global Self Storage Market by Application
3.5.1: Household & Personal Storage
3.5.2: Business Storage
3.5.3: Vehicle & Car Storage
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Self Storage Market by Region
4.2: North American Self Storage Market
4.2.2: North American Self Storage Market by Application: Household & Personal Storage, Business Storage, and Vehicle & Car Storage
4.3: European Self Storage Market
4.3.1: European Self Storage Market by Storage Unit Size: Small Storage Unit, Medium Storage Unit, and Large Storage Unit
4.3.2: European Self Storage Market by Application: Household & Personal Storage, Business Storage, and Vehicle & Car Storage
4.4: APAC Self Storage Market
4.4.1: APAC Self Storage Market by Storage Unit Size: Small Storage Unit, Medium Storage Unit, and Large Storage Unit
4.4.2: APAC Self Storage Market by Application: Household & Personal Storage, Business Storage, and Vehicle & Car Storage
4.5: ROW Self Storage Market
4.5.1: ROW Self Storage Market by Storage Unit Size: Small Storage Unit, Medium Storage Unit, and Large Storage Unit
4.5.2: ROW Self Storage Market by Application: Household & Personal Storage, Business Storage, and Vehicle & Car Storage
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Self Storage Market by Storage Unit Size
6.1.2: Growth Opportunities for the Global Self Storage Market by User Type
6.1.3: Growth Opportunities for the Global Self Storage Market by Application
6.1.4: Growth Opportunities for the Global Self Storage Market by Region
6.2: Emerging Trends in the Global Self Storage Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Self Storage Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Self Storage Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: U-Haul
7.2: Life Storage
7.3: CubeSmart
7.4: National Storage Affiliates
7.5: Safestore
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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