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Self-storage is also known as mini storage, it is an industry that facilitates units on rent to people for storing their personal possessions. It provides storage space including rooms, lockers, containers and outdoor space to tenants. Self-storage rents space on a short-term basis mainly for a month-month basis, but in some cases, long-term lease options are also available. The advancements in the self-storage industry like providing insurance facility, advanced secured lockers, climate-controlled lockers enhances the trust of people on this industry. The trustworthy protection and convenient handling are the essential elements of the self-storage industry.
The increasing urbanization and technological advancement in the self-storage sector drives the growth of self-storage market globally. The rise in urbanization coupled with smaller living spaces fuels the demand for the self-storage market. Features such as climate controlled storage, heated storage, 24-hour access and enhanced securities with advanced storage technologies further enhances the growth of self-storage market. The self-storage industry overcomes the storage challenges for several industries. Availability of multi-location storage, inventory tracking, and vehicle & trailer storage affects the growth of the market positively.
The study analyses the global self-storage based on storage size, end-users, and geography.
Major storage sizes covered in the study are 5’x 5’ storage unit , 5’x 10’ storage unit, 5’x 15’ storage unit, 10’x 10’ storage unit, 10’x 15’ storage unit, 10’x 20’ storage unit, 10’x25’ storage unit and 10’x30 storage unit’.
Based on end users the self-storage market is segmented into a personal segment and business segment. The personal segment mainly includes the household storage. The demand for household storage is increasing due to smaller living spaces. The business segments include several industries such as automotive, electronics, healthcare, metal & heavy machinery, feed & beverages, chemical industry and others. It is ideal for all types of retailers, manufacturers, suppliers and all types of small and medium business owners.
The key competitors of this market include U-Haul International Inc., Life Storage Inc., CubeSmart LP, National Storage Affiliates, Safestore Holdings PLC, Prime Storage Group, Metro Storage, Simply Safe Storage, Urban Self Storage, and Platinum Storage Group.
Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World. The Asia Pacific held the largest market share of the self-storage market and is likely to dominate the market over the estimated time frame. The factors like technological advancements, increasing population density along with improving economic condition drives the growth of the self-storage market.
The study analyses the global self-storage market based on storage size, end users, key players and geography. Major storage sizes covered in the study are 5'x 5' storage unit , 5'x 10' storage unit, 5'x 15' storage unit, 10'x 10' storage unit, 10'x 15' storage unit, 10'x 20' storage unit, 10'x25' storage unit and 10'x30 storage unit'. Based on end users the self-storage market is segmented into a personal segment and business segment. Geographically, the study is comprised of the key countries of North America, Europe, Asia-Pacific and the Rest of the World.
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