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.

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.

The North Carolina Self-Storage Market is segmented by User Type (Personal and Business) and Geography (Charlotte, Raleigh, Greensboro, Durham, Winston-Salem, and the Rest of North Carolina). The market sizes and forecasts are provided in terms of value (USD million) for all the segments.

The revenue of Public Storage in the United States has increased year-on-year since 2013. In 2023, the company recorded 4.26 billion U.S. dollars in revenue. In 2023, Public Storage was the self-storage company with the largest market cap in the country.

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.

Public Storage stock price, live market quote, shares value, historical data, intraday chart, earnings per share and news.

In 2021, the total market size of the public storage and warehousing services in the United States reached 29.2 billion U.S. dollars. Since 2018, this market has been experiencing an increasing trend.

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...

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 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.

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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.

What will be the Size of the Self-Storage and Moving Services Market During the Forecast Period?

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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 size was valued at USD 56.81 Billion in 2024 and is projected to reach USD 89.87 Billion by 2031, growing at a CAGR of 6% from 2024 to 2031.

Self-Storage Market Drivers

Urbanization and Space Constraints: As urban areas become more densely populated, living spaces shrink, creating a need for off-site storage solutions.
Residential Mobility: People moving homes, downsizing, or undergoing life transitions (like divorce or inheritance) often require temporary storage for their belongings.
Business Needs: Businesses use self-storage for various purposes, such as storing excess inventory, documents, equipment, and seasonal items.
Economic Growth: A growing economy can lead to increased consumer spending and business activity, both of which can drive demand for self-storage.

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...

Public Storage Inc. was the self-storage real estate investment trust (REIT) with the largest market cap in the United States as of November 2023. The market capitalization of Public Storage was 42 billion U.S. dollars, almost twice higher than the second REIT in the ranking, Extra Space Storage Inc.

The size and share of the market is categorized based on Type (Short Term Storage, Long Term Storage) and Application (Moving House, Sundries Storage, Others) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).

Public Storage reported $51.99B in Market Capitalization this March of 2025, considering the latest stock price and the number of outstanding shares.Data for Public Storage | PSA - Market Capitalization including historical, tables and charts were last updated by Trading Economics this last March in 2025.

India self storage market size reached USD 2.2 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 3.6 Billion by 2033, exhibiting a growth rate (CAGR) of 5.1% during ​2025-2033​. The trend of urbanization and population growth in India, which leads to increased demand for storage space as people move into smaller living spaces or temporary accommodations, is driving the market.

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the country level for 2025-2033. Our report has categorized the market based on storage unit size and end use.

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.

The global self storage market size was valued at 98,980 million in 2025 and is projected to reach 1,88,080 million by 2033, exhibiting a CAGR of 7.3% during the forecast period. The market growth is attributed to the increasing urbanization, rising disposable income, and growing demand for storage space due to space constraints in urban areas. The rising trend of online shopping and e-commerce has also contributed to the growth of the market. The market size has been segmented into type and application. Based on type, the climate-controlled self storage segment is expected to grow at a significant CAGR during the forecast period owing to the increasing demand for temperature-controlled storage facilities for sensitive items such as electronics, furniture, and artwork. Based on application, the personal use segment is expected to dominate the market throughout the forecast period due to the growing number of individuals renting storage units for personal belongings, seasonal items, and excess household goods. The commercial use segment is also expected to grow steadily due to the increasing demand for storage space by businesses for inventory, equipment, and other business-related items.

Europe Self Storage Market size was valued at USD 5.9 Billion in 2024 and is projected to reach USD 9.9 Billion by 2032, growing at a CAGR of 6.8% from 2026 to 2032.

Europe Self Storage Market: Definition/Overview

Self-storage is a service that allows people or corporations to hire storage space for their personal or commercial goods. These storage facilities are often offered in a variety of sizes, ranging from modest lockers to big garage-style spaces, and are normally accessible 24 hours a day. Self-storage facilities in Europe offer a flexible alternative for individuals who need extra room for items such as furniture, seasonal goods, or personal effects, as well as businesses that require additional storage for inventory, papers, or equipment.

Self-storage options in Europe are diverse, meeting both personal and business needs. Individuals utilize these services for temporary storage throughout life transitions such as relocation, travel, and downsizing.