The self-storage market refers to storage services offered to both residential and commercial customers for short or medium term storage of goods. Self-storage facilities provide secure storage units ranging from walk-in closets to climate-controlled multi-story units for residential and business goods. The services allow users flexibility to store possessions long or short term based on needs. Customer can easily access their units any time by using digital keypads for security. Common items stored include household goods, recreational vehicles, business records and inventory.

The global self-storage market is estimated to be valued at US$ 64331.79 Bn in 2024 and is expected to exhibit a CAGR of 6.9% over the forecast period 2024 to 2031.

Key Takeaways

Key players operating in the self-storage market are Duke Energy Corporation, EON SE, Enel SPA, and Electricite de France SA, and Iberdrola SA; Technology Providers include General Electric Company, Siemens AG, Andritz AG, Mitsubishi Heavy Industries, Ltd, Voith GmbH & Co. KGaA, and Ansaldo Energia SpA. Growing demand for flexible Self-Storage Market Trend options due to changing residency and work patterns is fueling market growth. The market is also expanding globally with increasing urbanization in developing regions increasing demand for self-storage facilities.

Key players operating in the self-storage are Duke Energy Corporation, EON SE, Enel SPA, Electricite de France SA, and Iberdrola SA. These leading operators manage thousands of storage locations worldwide and provide modern storage units with digital security and access features.

The self-storage market is witnessing growing demand due to changing residential and work patterns in societies. More mobile lifestyles and dual income families needing temporary storage are key drivers. People are also utilizing units for storing possessions when moving houses, during renovation projects or downsizing to smaller homes.

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