How big is the United States Self Storage Market?

The latest research study by IMARC Group, “United States Self Storage Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” The US 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.

Self-storage refers to the practice of renting storage spaces to individuals or businesses, typically on a short-term basis. Storage units can be categorized as small, medium, or large in size. These systems provide renters with boxes, packing materials, locks, and other tools to safely store their belongings. Unlike full-service storage facilities, where tenants rely on the provider to manage their belongings, self-storage solutions offer renters greater control over their items, allowing them to add or remove items as needed. As a result, self-storage solutions are becoming increasingly popular among business owners in the United States.

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United States Self Storage Market Trends and Drivers:

Self storage involves renting storage spaces to renters, typically on a short-term basis. Storage units come in various sizes, including small, medium, and large. These self storage systems provide renters with boxes, packing materials, locks, and other tools to safely store their belongings. Renters have the flexibility to add or remove items at their discretion, offering them greater control over their belongings compared to full-service storage facilities where tenants rely on the provider to manage their belongings. As a result, self storage solutions are highly preferred by business owners in the United States.

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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