Self-service storage Market to Signify Strong Growth by 2023-2030 | CubeSmart, StorageMart, Amsdell

PRESS RELEASE
Published September 6, 2023

Infinity Business Insights has unveiled a fresh research report on the Global Self-service storage Market for the period spanning from 2023 to 2030. This Self-service storage market report delves into an in-depth examination of competitors and key business segments at a micro-level. It encompasses a thorough investigation of diverse segments, including opportunities, size, progress, innovation, sales, and the overall expansion of prominent players. The Self-service storage market research is based on a combination of primary and secondary data sources, offering both qualitative and quantitative insights.

Some of the Major Key players profiled in the study are Prime Storage Group, Metro Storage, U-Haul International, CubeSmart, Simply Self Storage, StorageMart, All Self Storage, Amsdell, Urban Self Storage, Life Storage, Derrel’s Mini Storage, Strategic Capital Holdings, Platinum Storage Group, Public Storage.

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The global self-service storage market is projected to grow at a CAGR of 6.5% from 2023 to 2030. The value of the market is estimated to reach $135.8 billion by 2030.

Self-service storage Market Overview:
As people and organizations seek flexible and accessible storage options for their things and investments, the Self-service Storage Market has grown significantly. Self-service storage facilities provide safe and convenient storage for anything ranging from home possessions to corporate inventories. The need for self-service storage has increased as a result of changing lifestyles, relocations, and the rising need for more space. As urbanization continues, the Self-service Storage Market is positioned for long-term growth, offering a crucial service to individuals in need of safe and flexible storage solutions.

Key Trend:
The self-service storage market is evolving with key trends shaping its future. Firstly, there’s an increased demand for smart storage solutions with IoT integration, offering real-time monitoring and security. Secondly, contactless rental and access options are becoming more prevalent, driven by the need for convenience and safety. Thirdly, sustainability is gaining importance, leading to eco-friendly storage facilities and practices. Additionally, the market is expanding beyond traditional storage units to include shared and on-demand storage options. Overall, the self-service storage market is set to grow as it adapts to changing consumer preferences, technology advancements, and sustainability considerations in the storage industry.

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Self-service storage Market Segment Analysis Covers:
The Global Self-service storage Market segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Self-service storage Market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by region (country), by Type, and by Application for the period 2022-2028.

By Types:
Climate-Controlled Self Storage
Non-Climate Controlled Self Storage

By Applications:
Residential
Commercial
Others

Self-service storage Market Segment by Regions, Regional Analysis Covers:

  • North America (United States, Canada and Mexico)
  • Europe (Germany, France, UK, Russia and Italy)
  • Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  • South America (Brazil, Argentina, Colombia etc.)
  • Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Self-service storage Market Challenges and Opportunities:
The self-service storage market encounters several challenges and risks. Firstly, competition is high, leading to potential over-saturation in some regions, which can impact rental rates and profitability. Secondly, economic downturns may lead to reduced demand for storage units as individuals and businesses tighten their budgets. Thirdly, security concerns, such as break-ins or damage to stored items, can result in legal and reputational risks for storage facility operators. Market regulations and zoning restrictions can also pose obstacles to expansion and operation. Additionally, maintaining the condition of storage units and providing adequate security infrastructure require ongoing investments. Lastly, the risk of delinquent or non-paying tenants can impact revenue streams. Effective marketing, security measures, and risk management are crucial for success in this industry.

Research Methodology:
Secondary Research

Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
Primary Research
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like supplier, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

Research objectives:

  • To study and analyze the global Self-service storage Market size by key regions/countries, product type and application, history data from 2017 to 2021, and forecast to 2030.
  • To understand the structure of Self-service storage Market by identifying its various sub segments.
  • Focuses on the key global Self-service storage Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
  • To analyze the Self-service storage Market with respect to individual growth trends, future prospects, and their contribution to the total market.
  • To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
  • To project the size of Self-service storage Market submarkets, with respect to key regions (along with their respective key countries).
  • To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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Table of Contents: Self-service storage Market

Part 1: Overview of Self-service storage Market
Part 2:   Self-service storage Market Carts: Global Market Status and Forecast by Regions
Part 3: Global Market Status and Forecast by Types
Part 4: Global Market Status and Forecast by Downstream Industry
Part 5: Market Driving Factor Analysis
Part 6: Market Competition Status by Major Manufacturers
Part 7: Major Key Players Introduction and Market Data
Part 8: Upstream and Downstream Market Analysis
Part 9: Cost and Gross Margin Analysis
Part 10: Marketing Status Analysis
Part 11: Market Report Conclusion
Part 12:   Self-service storage Market: Research Methodology and Reference

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