The Unstoppable Expansion of Self-Storage
The self storage refers to the storage space rented to tenants often on a short-term basis. The industry is a sub-division of the commercial real-estate market. The rapid urbanization and migration of people to different metropolitan areas for jobs and other purposes have drastically resulted in the demand for self storage units. There has been a significant rise in the investment activity in the self-storage sector, particularly in the Asia Pacific region in recent years.
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Some of the key players influencing the Self-Storage Industry are
- AECOM
- CubeSmart
- Life Storage, Inc.
- Prime Storage Group
- Public Storage
- Safestore Holdings Plc
- Simply Self Storage Management LLC
- StorageMart
- Urban Self Storage
- U-Haul International, Inc.
The self storage market is expected to soar in the forecast period owing to driving factors such as rapid urbanization. Furthermore, the growth of small businesses and the e-commerce industry is further likely to fuel market growth. However, strict government regulations are expected to negatively impact the growth of the self storage market during the forecast period. On the other hand, an improved economic outlook is likely to offer significant growth opportunities for the key players of the self storage market in the future.
The "Global Self Storage Market Analysis to 2027" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of self storage market with detailed market segmentation by storage unit size, application, and geography. The global self storage market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading self storage market players and offers key trends and opportunities in the market.