Market Share of United States Self-Storage Industry
The United States self-storage market is semi-consolidated, with the presence of several major players, such as Metro Storage LLC, Guardian Storage Solutions, CubeSmart LP, U-Haul International Inc. (U-Haul Holding company), and Extraspace Storage Inc. These players are adopting various strategies such as partnerships, innovations, mergers, and acquisitions in order to enhance their product offerings and gain a sustainable competitive advantage.
- In December 2023, CubeSmart LP had four joint venture development properties under construction located in New Jersey and New York, which are expected to be completed by the third quarter of 2025. As of December 31, 2023, the company had invested USD 51.2 million of an expected USD 94.2 million related to these four projects.
- In September 2023, U-Haul acquired the former Mt. Branson Storage facility at 889 State Hwy. 76 to better meet the moving and self-storage demands of Branson residents.
United States Self-Storage Market Leaders
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Metro Storage LLC
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Guardian Storage Solutions
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CubeSmart LP
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U-Haul International Inc. (U-Haul Holding company)
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Extraspace Storage Inc.
*Disclaimer: Major Players sorted in no particular order
