Global self storage market is estimated to be valued at US$ 57.76 Bn in 2024 and is expected to reach US$ 83.67 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 5.4% from 2024 to 2031.

Report Description:

Global self storage market refers to a real estate industry that offers storage spaces to both commercial and residential customers for their possessions. These facilities provide easily accessible and affordable storage options to customers on a short-term, medium-term or long-term basis. The self storage market has witnessed growth significantly over the past few decades, owing to factors like increasing urbanization, smaller living spaces, frequent relocations, and rise of the on-demand economy. More people are opting to rent storage units not just to declutter their homes but also for temporary storage needs for businesses. Growing prevalence of minimalist living, dynamic careers and digital nomad culture has further boosted demand for self storage solutions.

Market Dynamics:

Some of the key factors driving the growth of self storage market are growing real-estate prices, smaller living spaces, higher relocation rates, and the booming e-commerce industry. However, factors like fluctuating rental rates depending on demand-supply dynamics and growing popularity of alternative storage options pose challenges to market players. The market also witnesses lucrative opportunities arising from technological innovations enhancing customer experience, expansion of existing facilities as well as development of modernized storage structures by industry players. Innovations in area of active storage, custom storage units and digital locker systems are expected to offer opportunities for the market growth in the near future.

Key features of the study:

• This report provides in-depth analysis of the global self storage market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global self storage market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Life Storage, National Storage Affiliates Trust, Simply Self Storage, Safestore Holdings, Storage Mart, Big Yellow Group, Metro Storage LLC, All Storage, StorQuest Self Storage, Amsdell Companies, Iron Mountain Incorporated, Public Storage, Extra Space Storage Inc., CubeSmart, U-Haul.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global self-storage market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global self-storage market.

Detailed Segmentation-

• By Types
  • Climate-Controlled Units
  • Portable Storage
  • Traditional Storage Units
•  By End User
  • Commercial
  • Industrial
  • Residential
• By Regional
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa

Key Players

• Life Storage
• National Storage Affiliates Trust
• Simply Self Storage
• Safestore Holdings
• Storage Mart
• Big Yellow Group
• Metro Storage LLC
• All Storage
• StorQuest Self Storage
• Amsdell Companies
• Iron Mountain Incorporated
• Public Storage
• Extra Space Storage Inc.
• CubeSmart
• U-Haul