Self Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Global Self Storage Industry Trends, Overview & Statistics and the Market is Segmented by User Type (Personal and Business) and Geography (North America (United States, Canada), Europe (United Kingdom, Germany, France, Spain, Italy, Benelux, Nordics, and the Rest of Europe), Asia Pacific (China, Japan, Taiwan, South Korea, Malaysia, Hong Kong, Australia, and the Rest of Asia Pacific), Latin America, Middle East & Africa). The Study Tracks the Number and Total Lettable Area of Self-Storage Facilities Across the World, With Indications of Their Occupancy Rate.

Self Storage Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Self Storage Market Size

Self-storage Market Summary
Study Period 2019 - 2030
Market Volume (2025) 2.56 Billion square feet
Market Volume (2030) 3.06 Billion square feet
CAGR 3.65 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Self Storage Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Self Storage Market Analysis

The Self Storage Market size in terms of lettable area is expected to grow from 2.56 billion square feet in 2025 to 3.06 billion square feet by 2030, at a CAGR of 3.65% during the forecast period (2025-2030).

  • The self-storage sector, a segment within commercial real estate, is set for robust growth driven by urbanization and improving economies. While established markets like the United States and Western Europe boast well-developed self-storage infrastructures, regions such as China and India are witnessing the nascent stages of this concept.
  • Urbanization, accompanied by increasing urban populations, is a primary growth factor. As cities grow with denser populations and rising real estate prices, the demand for self-storage, particularly among renters, is rising. For instance, London's population hit 9.7 million in 2024, which is projected to reach the 10 million mark by 2030.
  • Businesses are aware of storage costs and are increasingly turning to self-storage solutions. Unlike traditional warehousing, self-storage offers businesses a wider array of space sizes and pricing plans. The market has been registering a significant advancement in the development of climate control and digital security-managed self-storage facilities to provide tenants with safe storage facilities for their belongings against environmental factors, including temperature and humidity, among others, supporting the growth of the market by creating an opportunity for the climate control feature based self-storage facilities.
  • Highlighting this trend, in December 2023, VanWest Partners, a real estate investment firm specializing in self-storage, unveiled plans for a project in Denver, Colorado. The project, to be managed by their subsidiary, ClearHome Self Storage, will feature a 5-story, 93,000-square-foot building of Class A, climate-controlled self-storage units. This move addresses the surging demand for climate-controlled storage in the United States. During the forecast period, it signals a strategic response to the growing need for climate-neutral storage solutions catering to business and personal clientele.
  • However, the industry faces challenges from government regulations. The Department of Homeland Security has cautioned operators about potential misuse of their facilities for storing materials that could pose security risks.

Self Storage Industry Overview

The self-storage market is highly competitive, with significant players like U-Haul International Inc., Life Storage Inc., CubeSmart LP, National Storage Affiliates Trust, and Safestore Holdings PLC. The key players in the market are also making partnerships, mergers, acquisitions, investments, expansions, and innovations to retain their market position.

  • In June 2024, Singapore's GIC, a real estate investor, partnered with Australia's National Storage REIT to launch the National Storage Ventures Fund. This fund aims to develop self-storage facilities across Australia. The partnership will invest AUD 270 million (USD 179.5 million) over the next 12 to 18 months to complete ten projects within NSR's initial development portfolio.
  • In February 2024, Talonvest Capital Inc. partnered with Metro Self Storage to invest USD 22.5 million in a financing agreement for a portfolio including four properties across the southeastern United States, which would enhance Metro Self Storage's presence in suburban areas of Nashville, Tampa, Orlando, and Atlanta with a total of 2,382 units and 282,396 net rentable square feet.

Self Storage Market Leaders

  1. U-Haul International Inc.

  2. Life Storage Inc.

  3. CubeSmart LP

  4. National Storage Affiliates

  5. Safestore Holdings PLC

  6. *Disclaimer: Major Players sorted in no particular order
Self-storage Market Concentration
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Self Storage Market News

  • In March 2024, Singapore's StorHub, a leading self-storage operator, entered the Australian market with the launch of StorHub Australia, supported by a USD 300 million equity commitment. StorHub's Australian platform begins with five properties in Sydney, Melbourne, and Canberra, featuring a combined gross floor area (GFA) of 56,210 square meters. These acquisitions enhance StorHub's presence in Australia and align with its pan-Asia growth strategy, adding 655,000 sq m to its portfolio across seven markets in the Asia-Pacific region.
  • In February 2024, SecureSpace Self Storage announced opening a new self-storage facility, SecureSpace San Bernardino, located in San Bernardino, California. The self-storage facility has a proprietary high-security platform with artificial intelligence-enabled cameras and sensors offering state-of-the-art security and monitoring.
  • In January 2024, Etude Capital, a company of self-storage facilities in the United States, and San Felipe Financing LLC, a private real estate entity, announced the launch of a Joint Venture, Etude Storage Partners, which would invest across the North American self-storage market.

Self Storage Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions and Market Definition
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET INSIGHTS

  • 4.1 Market Overview
  • 4.2 Industry Value Chain Analysis
  • 4.3 Industry Attractiveness - Porter's Five Forces Analysis
    • 4.3.1 Bargaining Power of Buyers
    • 4.3.2 Bargaining Power of Suppliers
    • 4.3.3 Threat of New Entrants
    • 4.3.4 Threat of Substitute Products
    • 4.3.5 Intensity of Competitive Rivalry
  • 4.4 Assessment of Impact of Macro Economic Factors on the Market
  • 4.5 Analysis of Key Base Indicators of the Market
    • 4.5.1 Average Living Spaces
    • 4.5.2 Occupancy Rates of Self-storage Facilities
    • 4.5.3 Office Rental Prices

5. MARKET DYNAMICS

  • 5.1 Market Drivers
    • 5.1.1 Increased Urbanization Coupled with Smaller Living Spaces
    • 5.1.2 Changing Business Practices and COVID-19 Consumer Behavior
  • 5.2 Market Restraints
    • 5.2.1 Government Regulations on Storage are Hindering the Market Growth

6. MARKET SEGMENTATION

  • 6.1 By User Type
    • 6.1.1 Personal
    • 6.1.2 Business
  • 6.2 By Geography***
    • 6.2.1 North America
    • 6.2.1.1 United States
    • 6.2.1.2 Canada
    • 6.2.2 Europe
    • 6.2.2.1 United Kingdom
    • 6.2.2.2 Germany
    • 6.2.2.3 France
    • 6.2.2.4 Spain
    • 6.2.2.5 Italy
    • 6.2.2.6 Belgium
    • 6.2.2.7 Netherlands
    • 6.2.2.8 Luxembourg
    • 6.2.2.9 Denmark
    • 6.2.2.10 Finland
    • 6.2.2.11 Norway
    • 6.2.2.12 Sweden
    • 6.2.2.13 Iceland
    • 6.2.3 Asia
    • 6.2.3.1 China
    • 6.2.3.2 Japan
    • 6.2.3.3 Taiwan
    • 6.2.3.4 South Korea
    • 6.2.3.5 Malaysia
    • 6.2.3.6 Hong Kong
    • 6.2.3.7 Australia and New Zealand
    • 6.2.4 Latin America
    • 6.2.5 Middle East and Africa

7. COMPETITIVE LANDSCAPE

  • 7.1 Company Profiles*
    • 7.1.1 U-Haul International Inc.
    • 7.1.2 Life Storage Inc.
    • 7.1.3 CubeSmart LP
    • 7.1.4 National Storage Affiliates
    • 7.1.5 Safestore Holdings PLC
    • 7.1.6 Simply Self Storage Management LLC
    • 7.1.7 StorageMart
    • 7.1.8 Prime Storage Group
    • 7.1.9 WP Carey Inc.
    • 7.1.10 Metro Storage LLC
    • 7.1.11 SmartStop Asset Management LLC
    • 7.1.12 (Great Value Storage) World Class Capital Group LLC
    • 7.1.13 All Storage
    • 7.1.14 Amsdell Cos./Compass Self Storage
    • 7.1.15 Urban Self Storage Inc.
    • 7.1.16 Global Self Storage Inc.

8. INVESTMENT ANALYSIS

9. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
***In the final report, Belgium, Netherlands and Luxembourg will be studied together as BENELUX
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Self Storage Industry Segmentation

Self-storage is an industry that rents storage space, such as rooms, locker rooms, containers, and outdoor space, also known as "storage units," to tenants, usually on a short-term basis, often month to month. Self-storage is available for individuals and small and medium-sized businesses in flexible, shorter, or longer periods. Self-storage facilities are highly professional and are different from empty warehouses or attics. Self-storage centers are fitted with all the necessary equipment to ensure secure storage of goods. The concept of self-storage comes from the United States, but it's also spreading to Europe.

The self-storage market is segmented by user type (personal and business) and geography (North America [United States, Canada], Europe [United Kingdom, Germany, France, Spain, Italy, Benelux, Nordics, and the Rest of Europe], Asia-Pacific [China, Japan, Taiwan, South Korea, Malaysia, Hong Kong, Australia, and the Rest of Asia-Pacific], Latin America, Middle East and Africa). The study tracks the number and total lettable area of self-storage facilities worldwide, indicating their occupancy rate.

By User Type Personal
Business
By Geography*** North America United States
Canada
Europe United Kingdom
Germany
France
Spain
Italy
Belgium
Netherlands
Luxembourg
Denmark
Finland
Norway
Sweden
Iceland
Asia China
Japan
Taiwan
South Korea
Malaysia
Hong Kong
Australia and New Zealand
Latin America
Middle East and Africa
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Self Storage Market Research FAQs

How big is the Self Storage Market?

The Self Storage Market size is expected to reach 2.56 billion square feet in 2025 and grow at a CAGR of 3.65% to reach 3.06 billion square feet by 2030.

What is the current Self Storage Market size?

In 2025, the Self Storage Market size is expected to reach 2.56 billion square feet.

Who are the key players in Self Storage Market?

U-Haul International Inc., Life Storage Inc., CubeSmart LP, National Storage Affiliates and Safestore Holdings PLC are the major companies operating in the Self Storage Market.

Which is the fastest growing region in Self Storage Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Self Storage Market?

In 2025, the North America accounts for the largest market share in Self Storage Market.

What years does this Self Storage Market cover, and what was the market size in 2024?

In 2024, the Self Storage Market size was estimated at 2.47 billion square feet. The report covers the Self Storage Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Self Storage Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Self Storage Industry Report

The global self-storage market is witnessing remarkable growth, fueled by rapid urbanization, lifestyle shifts, and the escalating need for extra space. Urbanization and the resultant space limitations in densely populated areas have made self-storage facilities an essential solution for individuals and businesses alike. Key life events like marriage, relocation, and downsizing, along with the surge in small businesses and e-commerce, are driving the demand for flexible and secure self-storage options.

This market, segmented by storage unit size and end-use, with a significant portion dedicated to personal use, is also seeing technological advancements and innovation, enhancing customer experience and security. The competitive landscape is evolving, with companies expanding geographically. Notably, the self-storage market is booming not just in North America and Europe but is also making significant strides in emerging markets such as India, where urbanization and changing consumer lifestyles are boosting the demand for self-storage solutions.

The report covers global self-storage industry trends, overview, and statistics, and the market is segmented by user type (personal and business) and geography. The study tracks the number and total lettable area of self-storage facilities across the world, with indications of their occupancy rate. According to Mordor Intelligence™ Industry Reports, the market is experiencing a healthy growth rate, with detailed analysis and forecasts available in their comprehensive report, which includes a free PDF sample for further insights.

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