United States Self Storage Companies is Segmented by User Type (Personal and Business), Unit Size (≤ 100 Sq Ft (Small), 101–200 Sq Ft (Medium), and More), Property Type (Purpose-Built Facilities, Converted Commercial Buildings, and More), Booking Channel (Offline, Online Aggregators & Operator Portals), End-Use Duration (Short-Term, Long-Term), and by Region. The Market Forecasts are Provided in Terms of Value (USD).

The Self Storage Market Segments Into User Type (Personal, Business), by Storage Type (Climate-Controlled, Non-Climate-Controlled, Portable / Container-Based, and More), by Lease Duration (Short-Term (<3 Months), Mid-Term (3-12 Months) and More), Unit Size (Small (<50 Sq Ft), Medium (50-100 Sq Ft)) and Geography. The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

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.

Self-Storage Market witnessed for USD 53.6 billion in 2022, and is expected to reach USD 80.3 Billion in 2030, growing at a robust CAGR of 5.2% during forecast period.

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.

Self Storage market will be growing at a CAGR of 6.39% during 2025 to 2033.

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 North Carolina self-storage market, valued at approximately $XX million in 2025, is experiencing steady growth, projected to expand at a compound annual growth rate (CAGR) of 4.97% from 2025 to 2033. This growth is driven by several factors, including a rising population in major metropolitan areas like Charlotte, Raleigh, Greensboro, and Durham, increasing urbanization, and a growing demand for flexible and convenient storage solutions among both residential and commercial customers. The increasing popularity of e-commerce and the subsequent need for businesses to manage inventory efficiently further contributes to market expansion. Furthermore, the state's robust economy and a consistent influx of new residents fuel the need for additional storage space. While land availability and construction costs represent potential restraints, the strong demand continues to outweigh these challenges, supporting a positive outlook for the sector. The market is segmented by user type (personal and business) and geography, with Charlotte, Raleigh, Greensboro, Durham, and Winston-Salem comprising the most significant regional markets. Competition is relatively high, with established players like Life Storage Inc, Cubesmart LP, and several regional operators vying for market share. The consistent growth projections suggest a lucrative opportunity for existing and new entrants alike. The segmentation by user type reveals a dynamic interplay between personal and business storage needs. While personal storage caters to individual relocation, decluttering, and seasonal storage needs, the business segment reflects a growing demand for storage solutions by entrepreneurs, small and medium-sized enterprises (SMEs), and large corporations. The geographic segmentation highlights the importance of strategically targeting major urban centers experiencing population growth and economic expansion. Future market performance will likely be influenced by factors such as economic conditions, real estate prices, and the continued development of innovative self-storage solutions and technologies. This detailed analysis provides a comprehensive overview of the North Carolina self-storage market, offering insights for investors, businesses, and stakeholders operating within this dynamic sector. Recent developments include: March 2023 - A brand-new self-storage facility that MV is building in Fayetteville, North Carolina, is also almost finished. The building at 5234 Raeford Road, which was constructed on 9 acres, has 808 units and 105,000 gross square feet of space. The opening date was set for April 1. A development, building, and property management company with a focus on multifamily and self-storage buildings is MV. More than 1.5 million square feet of self-storage have been built by it thus far., August 2022 - CBRE, commercial real estate services and investment firm, announced the USD 23.6 million sales of two extra space storage facilities outside Charlotte, North Carolina. Lakeland Village acquired the portfolio from a private investor. Furthermore, the portfolio of 136,994 square feet includes extra space storage locations in Mooresville and Salisbury, North Carolina, the 66,000 square foot Salisbury facility, which can be found at 725 Jake Alexander Blvd. S. has 680 self-storage units that range in size from 5x5 feet to 10x30 feet.. Key drivers for this market are: Increased Urbanization, Coupled with Smaller Living Spaces, Improved Economic Outlook and Innovative Trends. Potential restraints include: Increased Urbanization, Coupled with Smaller Living Spaces, Improved Economic Outlook and Innovative Trends. Notable trends are: Personal Segment to Hold Major Market Share.

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.

Commercial Self Storage Market Outlook

The global Commercial Self Storage market size is projected to grow from USD 58.2 billion in 2023 to an impressive USD 96.7 billion by 2032, exhibiting a robust CAGR of 5.8% during the forecast period. The growth factors driving this market are multifaceted, ranging from urbanization trends and the rise in e-commerce to increased awareness and adoption of self-storage solutions among individuals and businesses alike.

One of the primary growth factors for the commercial self-storage market is the rapid pace of urbanization. As more people move into urban areas, the demand for living and working spaces increases, leading to smaller living quarters and limited storage space. This trend is particularly pronounced in cities where real estate prices are high, compelling residents to seek additional storage options. Self-storage facilities provide a convenient and cost-effective solution for such needs, thereby driving market expansion. Moreover, the real estate market's cyclical nature ensures a steady demand for self-storage during both booms and recessions.

Another significant driver is the burgeoning e-commerce sector. As online retail continues to flourish, businesses need more warehouse and storage spaces to manage their inventories efficiently. Many small and medium-sized enterprises (SMEs) and even larger corporations are turning to commercial self-storage facilities to meet their logistical and storage needs. This trend is further amplified by the seasonal fluctuations in demand, which require flexible storage solutions that traditional warehouses often cannot provide. The versatility and scalability of self-storage units make them an attractive option for businesses of all sizes.

Additionally, lifestyle changes and increased consumer awareness are also contributing to market growth. There is a growing trend towards minimalism and decluttering, driven by popular culture and media. People are increasingly opting to store items they do not frequently use but do not wish to dispose of, such as seasonal clothing, sports equipment, and sentimental items. The increased marketing efforts and enhanced customer experiences provided by many self-storage operators are making these facilities more accessible and appealing to the general public. The rise of digital platforms and mobile apps has also made it easier for customers to find, book, and manage storage units, adding to the market's growth.

From a regional perspective, North America remains the dominant market for commercial self-storage, accounting for a significant share of the global market. The region's mature self-storage infrastructure, high disposable incomes, and consumer culture that values convenience are major contributing factors. However, emerging markets in Asia Pacific and Latin America are showing promising growth rates due to increasing urbanization and changing consumer behaviors. Europe, with its mix of mature and emerging markets, also presents substantial opportunities for growth, driven by both individual and business storage needs.

The global expansion of the commercial self-storage market is also being bolstered by the increasing demand for Oversea Storage Services. As businesses continue to globalize and expand their operations across borders, the need for reliable and secure storage solutions in international markets has become more pronounced. Oversea Storage Services provide businesses with the flexibility to store goods and materials in strategic locations around the world, facilitating smoother supply chain operations and reducing logistical challenges. This trend is particularly relevant for companies involved in e-commerce and international trade, where timely access to inventory is crucial for maintaining competitive advantage. By leveraging Oversea Storage Services, businesses can optimize their storage strategies, improve operational efficiency, and better serve their global customer base.

Type Analysis

In the commercial self-storage market, type segmentation is crucial for understanding the specific needs and preferences of different customer groups. The two main types of self-storage facilities are climate-controlled and non-climate-controlled units. Climate-controlled units are designed to maintain a consistent temperature and humidity level, making them ideal for storing sensitive items such as electronics, artwork, and documents. Non-climate-controlled units are more basic and are suitable for storing l

Global Self-Storage Market was valued at USD 60.2 billion in 2024 and is expected to reach USD 103.56 billion by 2030 with a CAGR of 9.3% during the forecast period.

Snapshot img

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 global real estate investments and the emergence of advanced technology solutions. Cloud-based software and mobile applications for self-storage and moving services are gaining popularity, streamlining operations and enhancing customer experience. However, the market faces steep competition due to its fragmented nature and slow adoption rates in emerging economies. Companies must navigate these challenges to capitalize on the market's potential and maintain a competitive edge.
Industrial automation, IoT sensors, data analytics, and big data are transforming the industry, enabling better customer experience, improved operational efficiency, and enhanced security. Strategic partnerships, geographical expansion, and technological innovation are key strategies for businesses seeking to thrive in this dynamic market.

What will be the Size of the Self-Storage And Moving Services Market during the forecast period?

The market continues to evolve, with dynamic market activities unfolding across various sectors. Robotic storage systems streamline facility management, while moving trucks ensure seamless transportation of belongings. Online payment options and Storage Management Software enhance the customer experience. Packing supplies and moving labor cater to diverse moving needs, from student moving to senior moving and international relocations. Moving damage protection offers peace of mind, with mobile storage containers providing flexibility for on-site or off-site storage. Packing and unpacking services, customer service, and customer satisfaction remain top priorities. Climate-controlled storage, temperature control, and humidity control cater to the unique needs of various items.
Value-added services, such as furniture assembly and digital storage solutions, add convenience. Commercial storage and business storage solutions cater to the unique needs of businesses. Security cameras and technology integration ensure secure storage. Short-term and long-term storage options cater to various customer requirements. Storage facility design continues to evolve, with an increasing focus on sustainability and eco-friendliness. Market trends include the growing popularity of online self-storage marketplaces and the integration of technology into the moving and storage experience. Moving estimates, moving quotes, and moving insurance provide transparency and peace of mind for customers. The market continues to adapt to the evolving needs of customers, offering a comprehensive range of services from moving services to relocation services.

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


Moving Services

  Full-Service Moving
  DIY Moving
  Truck Rental
  Moving Insurance


Application

  Residential Storage
  Business Storage
  Vehicle Storage


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    UK


  Middle East and Africa

    Egypt
    Oman
    UAE


  APAC

    China
    India
    Japan


  South America

    Argentina
    Brazil


  Rest of World (ROW)

By Type Insights

The self-storage segment is estimated to witness significant growth during the forecast period.

Self-storage, often referred to as self-service storage, is a business that provides short-term rental solutions for individuals and businesses to store their belongings in units or outdoor spaces. The offerings range from small lockers to large containers and climate-controlled units. Self-storage caters to various needs, including boat, vehicle, and RV storage, furniture assembly, and even digital storage solutions. Senior moving and student moving are specific services that cater to these demographics. The self-storage industry has experienced significant growth due to the increasing demand for flexible storage options. Online booking, storage management software, and online payment have streamlined the customer experience.

Commercial storage and value-added services, such as packing supplies, moving labor, and packing and unpacking, cater to businesses. Robust storage facility management systems ensure customer satisfaction through features like climate control, temperature control, and humidity co

Thanks to a bustling online retail scene, the Storage and Warehouse Leasing industry thrives. With e-commerce businesses maintaining a wide array of inventory, demand for storage and warehousing has shot up. Another key trend has been the necessity for these facilities to be located near city centers to ensure quicker deliveries. Urbanization and downsizing have led to more people living in cramped spaces, boosting demand for self-storage solutions. Technological advancements like automated retrieval systems and intelligent inventory management software have also been game-changing, making the industry more efficient and competitive. Through the end of 2024, industry revenue has climbed at a CAGR of 5.7% to reach $35.8 billion in 2024, including a climb of 2.3% in 2024 alone. The gain in online shopping and faster delivery expectations has increased demand for urban warehouse solutions. Growing urbanization has pushed people into smaller living spaces, increasing reliance on personal storage solutions like self-storage units. Technological integrations have streamlined operations and societal changes, boosting the industry's profit. However, higher interest rates pose a challenge, making investments more expensive and potentially affecting expansion and property values. Through the end of 2029, demand for urban warehousing solutions will continue to expand, driven mainly by the shift toward online shopping. Also, a growing pharmaceutical market will command a need for specialized warehousing solutions. A trend for smaller storage spaces is also on the horizon, driven by high real estate costs and the needs of SMEs and cramped city dwellers. The push towards sustainability will also be a significant influence as warehouses look to integrate green practices to stand out in the market. This green transition might be initially costly, but in the long term, this shift will provide cost savings and a boosted public image, lifting the industry's overall prospects. Through the end of 2029, industry revenue will expand at a CAGR of 2.9% to reach $41.4 billion.

The German Self-Storage Market is Segmented by User Type (Personal, Business). The Market Sizes and Forecasts are Provided in Terms of Value (USD) for all the Above Segments.

Global Self Storage market size is expected to reach $92.61 billion by 2029 at 7.7%, segmented as by climate-controlled units, temperature-controlled units, humidity-controlled units, combined temperature and humidity-controlled units

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 self-storage market, valued at approximately $XX million in 2025, is projected to experience robust growth, driven by several key factors. The rising urbanization trend globally, coupled with increased residential mobility and a growing preference for smaller living spaces, fuels the demand for convenient and secure storage solutions. The e-commerce boom also significantly contributes to the market's expansion, as businesses require warehousing space for inventory management and fulfillment. Furthermore, the increasing adoption of cloud-based storage solutions for digital data complements the growth of physical self-storage facilities, creating a diversified market landscape. The market is segmented by user type (personal and business), with both segments exhibiting substantial growth potential. The North American market, particularly the United States, currently dominates the global self-storage landscape due to high residential mobility rates and established infrastructure. However, emerging markets in Asia and Europe show promising growth trajectories, driven by increasing disposable incomes and changing lifestyles. Competition within the market is intense, with major players like U-Haul, Life Storage, and CubeSmart vying for market share through strategic acquisitions, technological advancements, and expansion into new geographical territories. While challenges such as fluctuating real estate prices and economic downturns exist, the long-term outlook for the self-storage market remains positive, projecting a Compound Annual Growth Rate (CAGR) of 3.65% from 2025 to 2033. Despite the positive outlook, certain restraints could impact market growth. These include increasing construction costs, stringent regulations related to environmental impact and zoning, and the potential for economic slowdowns impacting consumer spending. However, innovative solutions such as climate-controlled units, enhanced security features, and flexible lease terms are mitigating these challenges and driving customer acquisition. The ongoing development of specialized self-storage facilities catering to specific needs, like art storage or wine cellars, presents further growth opportunities. The market's resilience is also bolstered by the inherent inelasticity of demand for storage; individuals and businesses require storage solutions irrespective of minor economic fluctuations. The trend towards technology integration, such as online booking platforms and automated access systems, further streamlines operations and improves customer experience, contributing to market expansion. Recent developments include: 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.. Key drivers for this market are: Increased Urbanization Coupled with Smaller Living Spaces, Changing Business Practices and COVID-19 Consumer Behavior. Potential restraints include: Increased Urbanization Coupled with Smaller Living Spaces, Changing Business Practices and COVID-19 Consumer Behavior. Notable trends are: Personal Storage Segment is Expected to Hold Major Market Share.

Household Self Storage Market Outlook

The global household self storage market size was estimated at USD 53.6 billion in 2023 and is projected to reach USD 109.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.1% from 2024 to 2032. The growth in this market is largely driven by urbanization, increasing consumer awareness about self-storage solutions, and the rising need for additional storage space among households.

One of the primary growth factors for the household self storage market is the accelerated pace of urbanization. As more people move to urban areas, the living spaces often become smaller, creating a burgeoning need for additional storage solutions. The convenience and flexibility offered by household self storage units allow urban dwellers to store their belongings safely without needing to move to larger residences. This trend is particularly prominent in North America and Europe, where urban living is highly concentrated.

Another significant growth factor is the increasing consumer awareness and acceptance of self-storage solutions. Marketing efforts, along with the proliferation of self-storage facilities, have played a crucial role in educating consumers about the benefits of these services. Improved security features, such as surveillance cameras, biometric access controls, and climate-controlled environments, have made self-storage units more attractive to consumers who wish to store valuable items. This growing trust in self-storage facilities has been pivotal in expanding the market.

Technological advancements also play a critical role in driving the market's growth. The integration of digital solutions, such as online booking systems, mobile apps for unit management, and automated access controls, has enhanced the customer experience. These technologies not only make it easier for consumers to rent and manage storage units but also provide them with real-time updates and enhanced security. As technology continues to evolve, it is expected to offer even more innovative self-storage solutions, thereby further boosting market growth.

The regional outlook for the household self storage market indicates significant growth potential across various geographies. North America currently holds the largest market share, driven by high urbanization rates and consumer awareness. Europe follows closely, with growing demand in countries like the UK and Germany. The Asia Pacific region is expected to see the fastest growth, fueled by rapid urbanization in countries like China and India. Latin America and the Middle East & Africa are also witnessing increasing demand, albeit at a slower pace compared to other regions.

Type Analysis

In the household self storage market, the type segment is divided into climate-controlled and non-climate-controlled units. Climate-controlled units are growing in popularity due to their ability to maintain consistent temperature and humidity levels. These units are particularly beneficial for storing sensitive items such as electronics, artwork, and important documents. Consumers are increasingly opting for climate-controlled units despite their higher cost, as they offer enhanced protection for valuable or perishable items.

Non-climate-controlled units, on the other hand, remain a cost-effective solution for storing items that are not sensitive to temperature or humidity fluctuations. These units are widely used for general household items like furniture, seasonal decorations, and sports equipment. The affordability of non-climate-controlled units makes them an attractive choice for consumers on a budget. However, as consumer preferences shift towards more secure and protective storage solutions, the demand for climate-controlled units is expected to rise.

Climate-controlled units often require more advanced infrastructure and higher operational costs, which can impact their overall market growth. However, advancements in energy-efficient climate control systems are helping to mitigate these costs, making these units more accessible to a broader range of consumers. As technology continues to evolve, it is expected that climate-controlled units will become more affordable and thus, more popular.

The market for non-climate-controlled units is relatively mature, with a steady demand from consumers who require simple and straightforward storage solutions. These units are particularly popular in regions with moderate climates where extreme temperature and humidity levels are not a concern. The continued demand for cost-e

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 size and share of this market is categorized based on Type of Storage (Mobile Storage Units, Portable Storage Containers, Self-Storage Units, Temporary Storage Solutions, Long-Term Storage Solutions) and End-User (Residential, Commercial, Industrial, Government, Educational) and Service Type (Rental Services, Sales Services, Delivery Services, Pickup Services, Storage Management Services) and geographical regions (North America, Europe, Asia-Pacific, South America, Middle-East and Africa).