The Report Covers United States Self Storage Companies and It is Segmented by User Type (Personal and Business). The Market Sizes and Forecasts are Provided in Terms of Value in (USD) for all the Segments.

In 2019, 18 percent of self-storage facilities were owned by public companies - Public Storage, Extra Space Storage, CubeSmart, National Storage Affiliates Trust, Life Storage Inc and U-Haul International. Other top operators owned nine percent of U.S. self-storage facilities.

By 2028, the global self-storage market is forecast to be worth 72.15 billion U.S. dollars, up from 58.26 billion U.S. dollars in 2023. In 2018, the U.S. dominated the market accounting for 90 percent of self-storage inventory worldwide.

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.

Atlanta, Dallas-Fort Worth, and North Carolina were the markets with the most self-storage space completed in 2023. According to the forecast, the most completions in 2024 are expected in Dallas-Fort Worth - about 2.6 million square feet.

According to Cognitive Market Research, the global Self Storage Service market size will be USD 57815.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.

North America held the major market share for more than 40% of the global revenue with a market size of USD 23126.20 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 17344.65 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 13297.57 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 2890.78 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1156.31 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The Small category is the fastest growing segment of the Self Storage Service industry

Market Dynamics of Self Storage Service Market

Key Drivers for Self Storage Service Market

Urbanization and Population Growth to Boost Market Growth

Urbanization and population growth are key drivers of the self-storage service market due to the increasing demand for living and working space in densely populated urban areas. As cities grow, living spaces become smaller and more expensive, leading residents to seek alternative storage solutions for personal belongings. Urban professionals, students, and families with limited home storage find self-storage units convenient for seasonal items, furniture, and extra household goods. Moreover, businesses in growing cities need flexible, cost-effective storage options for inventory, equipment, and documents. The rise of startups, small businesses, and e-commerce companies in urban areas further boosts demand. As urbanization continues, the need for efficient, accessible storage solutions is expected to grow, driving the expansion of the self-storage market. For instance, Singapore's GIC, a prominent real estate investor, has teamed up with Australia's National Storage REIT to establish the National Storage Ventures Fund. This initiative is focused on constructing self-storage facilities throughout Australia. The collaboration plans to allocate AUD 270 million (approximately USD 179.5 million) over the upcoming 12 to 18 months to finalize ten projects within NSR's initial development portfolio.

Growing E-commerce and Retail to Drive Market Growth

The growth of e-commerce and retail significantly drives the self-storage service market as businesses increasingly require flexible storage solutions to manage inventory and operational efficiency. E-commerce companies, in particular, benefit from self-storage units for storing seasonal merchandise, surplus stock, and packaging materials without committing to long-term leases for larger warehouses. This flexibility allows businesses to scale operations based on demand without incurring high overhead costs. Additionally, as brick-and-mortar retailers adapt to changing consumer behaviors, they often utilize self-storage to optimize in-store inventory, manage excess stock, and accommodate shifts in product offerings. The increasing reliance on online sales and the need for efficient supply chain management underscore the growing importance of self-storage services, making them essential for businesses seeking agility and cost-effectiveness in a competitive retail landscape.

Restraint Factor for the Self Storage Service Market

High Operational Costs will Limit Market Growth

High operational costs significantly restrain the self-storage service market by impacting profitability and limiting expansion opportunities for operators. Setting up self-storage facilities requires substantial initial investment in land, construction, and necessary security measures, including surveillance systems and climate control features. Ongoing expenses such as maintenance, utilities, insurance, and property taxes can further strain budgets, especially for smaller operators or new entrants in the market. These high costs can lead to increased rental prices for consumers...

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Self-Storage and Moving Services Market Size 2025-2029

The self-storage and moving services market size is forecast to increase by USD 58.12 billion at a CAGR of 9.3% between 2024 and 2029.

The market is experiencing significant growth, driven by increasing real estate investments globally. The emergence of cloud-based software and mobile applications for self-storage and moving services is a key trend, providing customers with convenience and flexibility. However, the market faces challenges such as steep competition due to a fragmented marketplace and slow adoption rates in emerging economies. 
Industrial automation, IoT sensors, data analytics, and big data are transforming the industry, enabling better customer experience, improved operational efficiency, and enhanced security. REITs are also investing in self-storage software to optimize their operations and gain a competitive edge. Overall, the market is poised for growth, with the integration of technology playing a crucial role in its evolution.

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Self-storage facilities employ advanced technology, such as LED lighting, online booking systems, and climate control, to enhance customer experience and streamline operations. The industry continues to evolve, with a focus on energy efficiency, storage for renovations, and the adoption of technology to cater to the diverse needs of families, students, and businesses alike.

How is this Self-Storage and Moving Services Industry segmented?

The self-storage and moving services industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Self-storage
  Moving services


Service

  Climate-controlled self-storage
  Full-service moving
  Non-climate controlled self-storage
  DIY moving truck rental


Geography

  North America

    Canada
    US


  Europe

    Germany
    UK
    France
    Spain


  APAC

    China
    India
    Japan
    South Korea


  South America



  Middle East and Africa

By Type Insights

The self-storage segment is estimated to witness significant growth during the forecast period. Self-storage is a business that provides short-term rental solutions for individuals and businesses to store their belongings in leased units or spaces. These offerings range from rooms and lockers to containers and outdoor areas. Self-storage has gained traction in developing countries due to increasing urbanization and the need for additional storage space. The industry caters to various demands and budgets, offering versatility in unit sizes and climate-control systems. Technological innovations, such as Internet of Things (IoT), Wi-Fi, and software-as-a-service, enhance customer convenience and sustainability. Renewable energy sources like solar panels are being adopted to reduce carbon footprint.

Self-storage solutions are essential for relocations, downsizing, lifestyle changes, retail, e-commerce, and various personal and business situations. Market research indicates category growths in production analysis, product approvals, moving insurance, moving truck rental, and international and local moving services. The industry's economic benefits, operational inadequacy, and localized market players make it an attractive revenue pocket. Technological advancements, such as cloud-based services and warehouse management systems, are transforming the sector.

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The self-storage segment was valued at USD 48.10 billion in 2019 and showed a gradual increase during the forecast period.

Regional Analysis

North America is estimated to contribute 60% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

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The North American the market is poised for substantial expansion In the upcoming years. The United States, a significant consumer of these services In the region, will spearhead market growth. Economic factors, including manufacturing and trade activities, are fueling market development. Additionally, the rising trend of remote work and relocations due to job opportunities in metropolitan areas are major growth drivers. Incorporating technology, such as Internet of Things (IoT), solar panels, and Wi-Fi, is enhancing customer convenience and sustainability. Self-storage solutions cater to various lifestyle changes, including downsizing, personal belongings management, and retirement. Medium and large units, equipped with climate-control sy

Self-Storage Market is estimated to be valued at US$ 61.00 Bn in 2025 and is expected to expand at annual growth rate of 5.6% , reaching US$ 89.39 Bn by 2032.

The United States self storage market reached approximately USD 44.50 Billion in 2024. The market is projected to grow at a CAGR of 2.60% between 2025 and 2034, reaching a value of around USD 57.52 Billion by 2034.

This statistic shows the share of self-storage inventory in the United States compared with the rest of the world in 2018. In 2018, 90 percent of total self-storage inventory was located in the United States, making it by far the largest self-storage market worldwide.

According to Cognitive Market Research, the global self-storage software market size is USD 4152.2 million in 2024 and will expand at a compound annual growth rate (CAGR) of 13.20% from 2024 to 2031.

The North America self-storage software marke held the 40% of the global revenue with a market size of USD 1660.88 million in 2024 and will grow at a compound annual growth rate (CAGR) of 11.4% from 2024 to 2031.
Europe self storage software market accounted for a share of 30% of the global market size of USD 1245.66 million.
Asia Pacific self storage software market held 23% of the global revenue with a market size of USD 955.01 million in 2024 and will grow at a compound annual growth rate (CAGR) of 15.2% from 2024 to 2031.
Latin America self storage software market held 5% of the global revenue with a market size of USD 207.61 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.6% from 2024 to 2031.
Middle East and Africa self storage software market held 2% of the global revenue with a market size of USD 83.04 million in 2024 and will grow at a compound annual growth rate (CAGR) of 12.9% from 2024 to 2031.
The cloud-based segment are set to rise as the cloud-based self-storage software has various benefits, including simple access to data from any place, scalability to suit expanding storage facilities, and cost effectiveness. 
On-premise self-storage management software is installed and executed locally on the user's computer system, as opposed to being hosted on a distant server or the cloud. On-premise self-storage management software's capability varies.

Growing Knowledge Self Storage Software Benefits and Urbanisation to Propel the Market Growth

Increasing urbanization and benefits related to self storage software are one of the factors driving the market growth. The facility's location and price are the main competitive considerations in this business. Occupancy rates are determined by seasonal demands. The great convenience that self-storage software offers is the main advantage of using it. This is mostly true if the company can access the data from any location with Internet access by utilising a cloud-based self-storage system.

A storage facility map is one way that certain software systems display the number of available and occupied storage units. The market is expected to grow as a result of the world's rising rate of urbanisation and better economic prospects, particularly in emerging economies. Cloud-based solutions are increasingly adopted. Cloud-based self-storage software has various benefits, including simple access to data from any place, scalability to suit expanding storage facilities, and cost effectiveness. With the growing popularity of cloud-based storage solutions in a variety of businesses, the self-storage segment is also transitioning to cloud-based software.

Urban people often use self-storage facilities due to the increasing frequency with which they move about and the increasing cost of living in cities with limited wandering areas. In line with this, the fast growing global population increases the demand for greater storage as families accumulate more material goods, promoting market expansion.

Increasing Use of Innovative Storage Technologies Such to Boost the Market Expansion 

Most modern software suppliers offer cloud software, which has the greatest potential benefits for the end user. Most trustworthy companies want to host their data on established and dependable data networks. This enables client data to be stored near the customer, resulting in a quick and secure software connection. This also allows the data to be duplicated on other servers, ensuring data security in the event of corruption or natural disasters because the software is hosted. Cloud-based self-storage software does not require mailing a disc to the facility and installing it on a PC. Many programmes can be run directly in the Web browser. The customer's ease of access generally results in fewer operational costs.

Rising usage of new technologies such as Artificial Intelligence (AI) and the Internet Of Things (I0T) anticipated to drive the market growth during the forecast period. AI-powered self storage software may automate operations such as billing, unit allocation, and customer support, resulting in greater operational efficiency and cost savings. Self-storage providers...

Chicago, the Bay Area, and Southeast Florida were the markets with the lowest vacancy rate of self-storage space in the United States in 2023. In all three markets, less than seven percent of the self-storage inventory was vacant. In the U.S., the average vacancy rate during this period stood at 10 percent. In 2024, most of the ranked markets are forecast to see a rise in vacancy rates.

The Report Covers Global Self Storage Management Software Market and it is Segmented by Size of Enterprise (Small and Medium Enterprise, Large Enterprise), Type (PC-based and Cloud), and Geography. The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.

The commercial self-storage market is experiencing robust growth, driven by several key factors. Increasing urbanization and population density in major cities are leading to a greater demand for flexible and secure storage solutions for businesses of all sizes. The rise of e-commerce and the shift towards flexible workspaces are also contributing to this trend, as businesses require efficient inventory management and storage solutions to support their operations. Furthermore, the market is segmented by storage type (large and small item) and user type (large enterprises and SMEs). Large enterprises typically require larger storage units for inventory, archives, and equipment, while SMEs often utilize smaller units for documents, supplies, and seasonal inventory. Assuming a conservative CAGR of 7% (a reasonable estimate given industry trends), and a 2025 market size of $20 billion (a plausible figure based on publicly traded companies’ valuations and market reports), the market is projected to reach approximately $30 billion by 2033. The market's growth is supported by the increasing adoption of cloud-based storage solutions, however, traditional physical storage retains significance due to its security and accessibility advantages for certain types of businesses. Despite positive growth trends, the commercial self storage market faces challenges, namely high real estate costs in prime locations, and increased competition from alternative storage solutions such as cloud-based storage and third-party logistics providers. Regulatory changes and the fluctuating economic climate also pose risks. However, the long-term outlook for the sector remains optimistic, as the fundamental drivers of growth—urbanization, e-commerce expansion, and the need for flexible workspace solutions—are expected to persist. Strategic partnerships, technological innovation, and expansion into emerging markets offer opportunities for sustained growth and market share expansion for existing and new players. This makes the commercial self-storage market an attractive investment opportunity with considerable potential for profitability in the coming decade.

In 2017, the clear leader of the U.S. self-storage market was Public Storage, whose 2.51 billion U.S. dollars in annual revenue was almost two and a half times higher than their nearest competitor, Extra Space Storage.

Self-storage The self-storage industry refers to companies who rent out private storage space, such as rooms, lockers, containers and outdoor space, to individuals or businesses. The customer uses their own lock and key to secure the space, meaning that the storage provider does not have casual access to what the customer has stored. In this key respect self-storage differs from traditional warehousing. The industry appears to be growing, with the amount of new self-storage space completed in the U.S. in 2018 being over three and a half times higher than in 2015, although the extra space has led to slightly higher vacancy rates.

Market leaders With the highest annual revenue of all U.S. self-storage providers, it is perhaps not surprising that Glendale, California-based market leader Public Storage also operates the highest number of self-storage facilities, and rents out the most space in terms of square feet. However, in terms of national coverage, Public Storage is beaten out by U-Haul, who operated in 50 states in 2017 compared to Public Storage’s 38 states.

The size and share of the market is categorized based on Application (Small And Medium Enterprises (smes), Large Enterprises) and Product (Cloud-based, On-premises) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

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Self-Storage Software Market Size 2025-2029

The self-storage software market size is forecast to increase by USD 31.2 million, at a CAGR of 5.7% between 2024 and 2029.

The market is experiencing significant growth, driven by the increasing awareness and adoption of self-storage solutions among consumers. This trend is fueled by the convenience and flexibility that self-storage offers, particularly in urban areas with limited living space. A key driver in this market is the integration of the Internet of Things (IoT) and automation technologies into self-storage software. This enables facility managers to monitor and manage their operations remotely, improving efficiency and reducing costs. However, the market also faces challenges, including security concerns and compliance issues associated with self-storage software. 
With the increasing digitization of data, cybersecurity threats are a growing concern for self-storage operators. Additionally, regulatory compliance, particularly with data privacy laws, can be complex and costly. Companies seeking to capitalize on market opportunities and navigate these challenges effectively must prioritize strong security measures and stay informed of regulatory requirements. By addressing these issues, self-storage software providers can offer value-added services to their clients and differentiate themselves in a competitive market.

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The market is experiencing significant growth as the industry transitions towards more technology-driven solutions. This shift is driven by the need for process optimization, enhanced self-storage accessibility, and remote work flexibility. Self-storage facilities are increasingly leveraging AI-powered chatbots to improve customer service and streamline operations. Additionally, cloud computing enables self-storage companies to offer personalized technology solutions, reducing costs through the use of computer programs on company desktops. 
Self-storage space management is becoming more efficient with advanced technology integrations, including security improvement and insurance offerings. The integration of technology also addresses cybersecurity concerns, ensuring the protection of customer data. The market's expansion includes the development of additional storage solutions for material possessions, living spaces, and wandering areas. Overall, the market is poised for continued growth, offering innovative solutions to meet the evolving needs of the self-storage industry.

How is this Self-Storage Software Industry segmented?

The self-storage software industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Deployment

  Cloud-based
  On-premises


End-user

  Large enterprises
  Small and medium enterprises (SMEs)


Application

  Unit management
  Tenant management
  Access and security monitoring
  Billing and invoicing
  Reporting and analytics


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  APAC

    Australia
    China
    India
    Japan


  South America



  Middle East and Africa

By Deployment Insights

The cloud-based segment is estimated to witness significant growth during the forecast period. Self-storage businesses are increasingly adopting cloud-based software to manage their operations remotely and reduce upfront costs. This software enables facility managers to access data and manage multiple sites from anywhere, enhancing convenience and flexibility. Cloud solutions eliminate the need for on-premises infrastructure, leading to cost savings and eliminating maintenance requirements. Self-storage operators can subscribe to scalable cloud services, paying only for the resources they use, making it an affordable solution for businesses of all sizes. The scalability offered by cloud-based software allows self-storage businesses to easily expand their infrastructure as their operations grow. Additionally, cloud solutions offer advanced features such as real-time monitoring, inventory management, payment processes, and insurance management.

Security concerns, including cybersecurity and financial fraud, are addressed through strong security solutions and data networks. Self-storage software also integrates with digital payments, video streaming services, and smart home devices, enhancing the customer experience. Cloud-based software companies offer customer service and support through various channels, including phone, email, and chatbots. Facility operators can benefit from automation systems, including smart locks, security cameras, and access control, to streamline operations and improve

Self-storage facilities offer a range of storage options, including climate-controlled units, non-climate-controlled units, vehicle storage, and outdoor storage. Climate-controlled units are designed to protect sensitive items from temperature and humidity fluctuations, while non-climate-controlled units are suitable for general storage needs. Vehicle storage options include indoor and outdoor parking spaces for cars, RVs, and boats. Outdoor storage is ideal for bulky items that can be stored outside, such as furniture, appliances, and construction materials. Recent developments include: June 2023: In June 2023, StorageMart, a company operating over 280 self-storage facilities in Canada, the United Kingdom, and the United States, completed the acquisition of I-29/I-35 Self Storage in Kansas City, Missouri, and Summit Self Storage in Missouri. This transaction included a portfolio of 112,296 rentable square feet across 796 apartment buildings., May 2023: In May 2023, a report from Cushman & Wakefield and the Self Storage Association UK (SSA UK) indicated that the annual turnover in the UK self-storage industry is anticipated to surpass GBP 1 billion in 2023. Despite the cost-of-living crisis, customers continue to show a strong demand for easily accessible rented space..

The Self-Storage and Moving Services market is experiencing robust growth, projected to reach $103.80 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 9.3% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and population density lead to smaller living spaces, fueling the demand for self-storage solutions. The rise of e-commerce and the growth of the gig economy contribute to increased mobility, creating a greater need for moving services. Furthermore, the increasing prevalence of climate-controlled storage units caters to specific storage requirements for sensitive goods, driving market segmentation. The industry benefits from a diverse range of service offerings, including climate-controlled and non-climate-controlled self-storage, full-service moving, DIY moving truck rentals, and specialized services catering to both residential and commercial clients. This breadth of services allows the market to attract a large and diverse customer base across various demographic groups. Competition within the self-storage and moving services market is fierce, with established players like Public Storage, Extra Space Storage, and U-Haul International competing against smaller, regional companies and innovative startups focusing on niche services or technological advancements in logistics and booking platforms. The market's geographical distribution is broad, with North America currently holding the largest market share, followed by Europe and APAC. However, emerging economies in APAC and other regions present significant growth opportunities. Industry challenges include fluctuating real estate prices influencing storage facility costs, economic downturns affecting consumer spending on moving and storage, and the increasing need for advanced technology integration to enhance operational efficiency and customer experience. Successful companies will need to focus on effective cost management, strategic expansion into new markets, and leveraging technology to improve services and customer engagement.

The self-storage service market is experiencing robust growth, driven by several key factors. Urbanization, coupled with increasing disposable incomes and smaller living spaces, particularly in densely populated areas like North America and Asia Pacific, fuels demand for convenient, secure storage solutions. The rise of e-commerce and the gig economy also contribute significantly, as individuals and businesses require space for inventory, online sales operations, and temporary storage needs. Furthermore, the market is segmented by storage space size (3-10m³, 10-20m³, >20m³) and user type (families, businesses, students, temporary luggage storage), catering to diverse requirements. While the exact market size for 2025 isn't provided, considering a conservative estimate of $15 billion globally based on industry reports and a projected CAGR of 5%, a reasonable assumption would be a market size of approximately $16 billion in 2026 and $17 billion in 2027. This growth is expected to continue throughout the forecast period, driven by ongoing trends in urbanization, e-commerce, and the evolving needs of modern lifestyles. However, certain restraints might impede market expansion. Competition within the self-storage sector is fierce, with numerous players vying for market share, leading to price wars and the need for continuous innovation. Economic downturns can also negatively impact demand, as individuals and businesses may curtail non-essential spending. Additionally, regulatory hurdles related to zoning, land acquisition, and environmental concerns can pose challenges for new market entrants. Despite these limitations, the overall outlook remains positive, with the continued expansion of the global middle class, a growing preference for flexible living arrangements, and technological advancements likely to fuel further growth in the self-storage industry, particularly for specialized storage solutions such as temperature-controlled units or secure digital access systems. The strategic expansion into emerging markets, the adoption of innovative business models and value-added services, will prove critical for long-term success.