How big is the Self Storage Market?

The Self Storage Market size is expected to reach 2.47 billion square feet in 2024 and grow at a CAGR of 3.65% to reach 2.95 billion square feet by 2029. Read More

What is the current Self Storage Market size?

In 2024, the Self Storage Market size is expected to reach 2.47 billion square feet. Read More

Who are the key players in Self Storage Market?

U-Haul International Inc., Life Storage Inc., CubeSmart LP, National Storage Affiliates and Safestore Holdings PLC are the major companies operating in the Self Storage Market. Read More

Which is the fastest growing region in Self Storage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Self Storage Market?

In 2024, the North America accounts for the largest market share in Self Storage Market. Read More

What years does this Self Storage Market cover, and what was the market size in 2023?

In 2023, the Self Storage Market size was estimated at 2.38 billion square feet. The report covers the Self Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Self Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

What are the key drivers of the Self-Storage Market?

Key drivers in the Self-Storage Market include: a) Rise in housing costs b) Growing trend towards smaller living spaces c) Increased mobility d) Need for seasonal storage among businesses and individuals Read More

What are the major challenges faced by the Self-Storage Market?

Key challenges faced by the Self-Storage Market: a) Zoning and regulatory issues b) Rising real estate costs c) Increasing competition from new entrants and alternative storage solutions Read More

What are the key drivers of the Self-Storage Market?

Key drivers in the Self-Storage Market include: a) Rise in housing costs b) Growing trend towards smaller living spaces c) Increased mobility d) Need for seasonal storage among businesses and individuals Read More

Self Storage Market Report | Industry Growth, Size & Forecast Analysis

Self Storage Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Global Self Storage Industry Trends, Overview & Statistics and the Market is Segmented by User Type (Personal and Business) and Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Spain, Italy, Benelux, Nordics, and the Rest of Europe), Asia Pacific (China, Japan, Taiwan, South Korea, Malaysia, Hong Kong, Australia, and the Rest of Asia Pacific), Latin America, Middle East & Africa). The Study Tracks the Number and Total Lettable Area of Self-Storage Facilities Across the World, With Indications of Their Occupancy Rate.

Self Storage Industry Overview

The self-storage market is highly competitive, with significant players like U-Haul International Inc., Life Storage Inc., CubeSmart LP, National Storage Affiliates Trust, and Safestore Holdings PLC. The key players in the market are also making partnerships, mergers, acquisitions, investments, expansions, and innovations to retain their market position.

In June 2024, Singapore's GIC, a real estate investor, partnered with Australia's National Storage REIT to launch the National Storage Ventures Fund. This fund aims to develop self-storage facilities across Australia. The partnership will invest AUD 270 million (USD 179.5 million) over the next 12 to 18 months to complete ten projects within NSR's initial development portfolio.
In February 2024, Talonvest Capital Inc. partnered with Metro Self Storage to invest USD 22.5 million in a financing agreement for a portfolio including four properties across the southeastern United States, which would enhance Metro Self Storage's presence in suburban areas of Nashville, Tampa, Orlando, and Atlanta with a total of 2,382 units and 282,396 net rentable square feet.