Self Storage Market Share 2020, Research by Business Opportunities, Top Manufacturers and Global Forecast to 2025
Global Self Storage Market is valued at USD 78.21 Billion in 2019 and expected to reach USD 123.14 Billion by 2026 with the CAGR of 6.7% over the forecast period.
Growing urbanization is one of the significant factors
driving the Global Self-Storage Market growth.
Scope of Global Self Storage Market Analysis Report–
Self-storage is a system by which individuals or businesses rent
units to store their goods remotely, usually when they do not have the space on
their own premises. A self-storage business provides storage
rooms, lockers and outdoor space for rent. They rent self-storage spaces to
individuals and small businesses. Instances of such things to store here are
outdoor furniture, heavy tools, sporting equipment and automobiles. Industries
such as PODS offer this type of storage. They deliver a container to home or
business. After filled, they call them back to pick it up and store it in their
warehouses. Self-storage units are favorable for business as well as
individuals. It is a fast growing sector of small business and real estate and
it can be highly profitable if get it right. This storage business plan
describes a proposed self-storage facility to be established in Westbury, New
York involving the conversion of an existing building.
Global Self Storage Companies–
Global Self Storage industry analysis Report covers prominent
players are like National Storage Affiliates, Life Storage Inc., U-Haul
International, Inc., Metro Storage LLC, Simply Self Storage, Urban Self Storage
Inc., World Class Capital Group LLC, CubeSmart, LP, Safestore Holdings PLC,
StorageMart, Prime Storage Group, SiteLink Software LLC, SmartStop Asset
Management LLC, W. P. Carey Inc., All Storage, National Storage REIT, Amsdell
Cos. /Compass Self Storage and others.
News
U-Haul Introduced Self-Storage Scan & Go Technology in
Response to COVID-19
April 21st, 2020; Phoenix-based U-Haul International Inc., which
operates more than 1,500 self-storage facilities across North America, is
introducing contact-free shopping technology across its Canada and U.S.
properties in response to the coronavirus (COVID-19) pandemic. The company’s
new Scan & Go system will allow self-storage tenants to use their own
mobile device to scan products when they shop inside U-Haul retail showrooms
and then check out without having to interact with staff, according to a press
release.
The regions covered in this Global Self Storage market report are
North America, Europe, Asia-Pacific and Rest of the World. On the basis of
country level, market of Self Storage is sub divided into U.S., Mexico, Canada,
UK, France, Germany, Italy, China, Japan, India, South East Asia, GCC, Africa,
etc.
Growing Urbanization is one of the Significant Factors Driving the
Self- Global Self Storage Market Segmentation:–
By Type: Long-term lease, Short-term lease
By Application: Personal, Business
Storage Market Growth.
Growing urbanization is one of the significant factors that are
positively driving the self-storage market growth. The growing urban population
means smaller and increasingly expensive living spaces in cities and the
creation of more renters who move around more frequently. Though the industry
has committed to using population growth and density as metrics for
understanding self-storage demand, from an analytic perspective, these show no correlation
to self-storage growth. According to World health organization, the global
urban population is expected to grow approximately 1.84% per year between 2015
and 2020, 1.63% per year between 2020 and 2025 and 1.44% per year between 2025
and 2030. Also, the UN World Urbanization Predictions estimates that on the
number of people globally who live in urban and rural areas. In 2017, 4.1
billion people were living in urban areas.
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