Self Storage Market Trends, Growth & Industry Analysis | 2022-27

 

Market Overview:

The global self-storage market, also known as the market studied, had a value of USD 48.02 billion in 2020 and is projected to grow at a CAGR of 5.45% from 2021 to 2026 to reach USD 64.71 billion. Due to trends of increased urbanisation and better regional economic outlooks, this industry is predicted to grow positively during the forecast period. These elements have stimulated the expansion of new businesses.

Additionally, COVID-19 has prompted many business owners to choose self-storage. Self-storage demand increased as a result of having to work from home for the majority of 2020 in order to avoid paying space rent. There is a declining need for office rentals as more businesses choose to adopt a remote work model permanently. Self-storage is primarily preferred, particularly in major Asian cities where renting office space can be expensive.

Scope of the Report:

One segment of the commercial real estate market is the self-storage sector. Due to global trends of increased urbanisation and improved economic outlooks, this industry’s growth is anticipated to be positive over the forecast period. The study examines market and competitive trends in the global self-storage industry. The study also includes key analysis and analysis on the COVID-19 impact on the market as well as analysis on the User Type (Personal & Business).

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