How Big is The self storage market in the US?

The latest research study by IMARC Group, “United States Self Storage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The U.S. self storage market size reached US$ 28.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.9 Billion by 2028, exhibiting a growth rate (CAGR) of 2.17% during 2023-2028.

What is self storage?

Self storage refers to a service that provides individuals, businesses, or organizations with space to rent for storing their belongings, goods, or items. It typically secures facilities with various unit sizes to accommodate different storage needs. Self storage facilities offer a convenient solution for decluttering homes, storing seasonal items, managing inventory for businesses, or during transitional periods, such as moving or renovations. It is an efficient way to securely store possessions and maintain accessibility whenever needed. It is used to store vehicles, boats, and recreational vehicles during off-seasons or when not in use.

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United States Self Storage Market Trends and Drivers: 

The increasing use of self storage by construction companies to store tools, equipment, and materials on-site, which ensures organized and secure access throughout the project duration, represents one of the primary factors strengthening the market growth in the United States. In addition, the rising adoption of self storage by retailers and e-commerce businesses to manage excess inventory, seasonal items, and promotional materials is favoring the growth of the market in the country. Apart from this, the growing usage of self storage by pharmaceutical and healthcare companies in the country for sensitive equipment, documents, and samples, which adhere to regulatory standards, is propelling the growth of the market. 

United States Self Storage Market Report Segmentation:

Breakup by Storage Unit Size:

• Small Storage Unit

• Medium Storage Unit

• Large Storage Unit

Breakup by End Use:

• Personal

• Business

The report has been segmented the market into following categories:

Breakup by Region:

• Northeast

• Midwest

• South

• West

Key highlights of the report:

• Market Performance (2017-2022)

• Market Outlook (2023- 2028)

• Porter's Five Forces Analysis

• Market Drivers and Success Factors

• SWOT Analysis

• Value Chain

• Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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