Self-Storage Market Overview
The global self-storage market was valued at USD 48.02 billion in 2020 and is expected to reach a value of USD 64.71 billion by 2026, registering a CAGR of 5.45% over the forecast period, 2021-2026. The increasing urban population causes smaller and increasingly expensive living spaces in cities with more renters who move around more frequently. London is an example of this trend, with its population hitting a new all-time high of 9.3 million in 2020. The population is projected to be over 10 million by 2030. London’s easyStorage reported that inquiries surged by 25 % month-on-month since lockdown restrictions were reduced in 2020, as some have needed to clear a room to make space for a home office setup, while many others decluttered their living spaces.
Download free sample here – Self-Storage Market
Self-Storage Market – Geographical Overview
Asia Pacific region to witness the highest growth in the self-storage market
The Asia Pacific region has more scope for self-storage. Australian and New Zealand organizations have already visualized extensive storage environments, compared to China, India, and other Southeast Asian countries (SEA) like Singapore, Hong Kong, Taiwan, Japan, and Malaysia. Southeast Asia is a densely populated region with several cities that have exhausted their living spaces. This is forcing a trend of the population moving to smaller houses to accommodate for more housing. But this is also raising an issue of item storage. This is driving the residential self-storage market in the region.
Check our other latest reports on –
Key Highlights of the Self-Storage Market
Recent Developments in the Self-Storage Market
Related Reports and Links
List of Key Players in the Self-Storage Market
*List Not Exhaustive
Mordor Intelligence has segmented the global self-storage market on the basis of user type and geography:
About Mordor Intelligence
Mordor Intelligence is a market intelligence and advisory firm. Our mission is to map complex business ecosystems across the globe to better predict butterfly effects. To date, we have partnered with 4000+ enterprises across 20 industries, to deliver precise data and actionable insights in over 6000 projects. Our domain-specific teams of research experts continuously track markets, enabling our clients to gain a competitive edge through high-quality market intelligence.
We offer fully tailored intelligence solutions to meet the unique business requirements of any organization. Our deep industry expertise coupled with cross-functional analyst teams ensures we can support the intelligence requirements of even the most specific of business problems.
Media ContactCompany Name: Mordor Intelligence Private LimitedContact Person: Bhargav PEmail: Send EmailPhone: +1 617-765-2493Address:5th Floor, Rajapushpa Summit, Nanakramguda Rd, Financial District, Gachibowli City: HyderabadState: Telangana 500008Country: IndiaWebsite: https://www.mordorintelligence.com/industry-reports/self-storage-market?utm_source=press-release&utm_medium=Outbound&utm_campaign=63689&utm_id=AB_Newswire&utm_content=PR2