Overview of Self-Storage Demand Growth
The demand for self-storage has grown due to an increase in population, downsizing trends, and businesses moving online.
Reasons for Renting a Self-Storage Unit
- Downsizing
- Increase in online businesses leading to overflow stock storage
Global Self-Storage Market Trends
In 2022, the UK led with 2,060 facilities, followed by France and Spain. The market is driven by reducing clutter and ensuring safety.
Investing in Self-Storage
Investing in self-storage is lucrative due to global expansion and high demand.
Future Demand and Market Trends
- Increasing demand for storage space
- Rise in use of AI and big data for operations
- Growing demand for innovations like climate-controlled units
Market Outlook for 2023
The global self-storage market size is expected to reach USD 89940.75 million by 2028, with a positive outlook for the industry.
Market Growth Forecast
IMARC Group predicts the market to reach US$ 74.8 Billion by 2028, with growth primarily driven by key players’ strategies.
Regional Market Outlook
North America and Europe are expected to see growth in the self-storage sector despite economic challenges.
Global Market Expansion
The self-storage market is projected to grow steadily between 2023 and 2030.
Resource for Industry Insight
The SSA’s Self Storage Demand Study provides valuable industry data for decision-making.