Europe Self-Storage Market 2022 Business Scenario – Shurgard Self Storage SA, Safestore Holdings PLC, Self Storage Group ASA, W. P. Carey Inc

The Europe Self-Storage Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The Europe Self-Storage market was valued at USD 3.22 billion in 2020 and is expected to reach USD 4.10 billion by 2026, at a CAGR of 4.13% over the forecast period 2021 - 2026.

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Top Leading Companies of Europe Self-Storage Market are Shurgard Self Storage SA, Safestore Holdings PLC, Self Storage Group ASA, W. P. Carey Inc., SureStore Ltd, Big Yellow Group PLC, Access Self Storage, Lok'nStore Limited, Lagerboks, Nettolager, Pelican Self Storage, 24Storage, Casaforte (SMC Self-Storage Management), W. Wiedmer AG and others.

Industry News and Updates

January 2020 - Shurgard signed a purchase agreement for land in central-east London and is expected to receive a building permit for a new storage facility in 2020. The future 85 000 sq.. ft self-storage property is expected to open by mid-2021.

- January 2020 - Safestore Holdings PLC acquired Omb Self Storage SL for about EUR 17.3 million on a debt-free and cash-free basis, marking the U.K.-based company's entrance into the Spanish self-storage market. OMB Self Storage operates four leasehold properties in Barcelona and one option to acquire the freehold for EUR 4.2 million. The company was 30% owned by its current management, who will remain with the business and 70% by a Spanish family office. Safestore aims to rebrand the stores and has taken over operation of the sites, effective immediately.

Key Market Trends

Germany Expected to Grow Significantly

- Since the European self-storage market is still developing, Germany is still in its nascent stage as compared to other countries in the region. However, according to the survey by FEDESSA, Germany has seen some of the most significant growth in supply over the last three years, increasing by around 50% of space. According to the Self Storage Association (UK), Germany's self-storage space accounted for 6049000 sq.ft areas in 2018.

- Germany poses various growth opportunities, as large urban areas with high population densities provide lucrative opportunities for the self-storage market to grow due to lack of space. Also, increasing urbanization and the decrease in living space are the main driving forces behind the German self-storage market's growth. The growing urbanization subsequently increases the demand for space, which is also leading to a rise in property prices per square meter. Hence, these factors are leading to market growth.

Regional Outlook of Europe Self-Storage Market report includes the following geographic areas such as: North America, Europe, China, Japan, Southeast Asia, India and ROW.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Europe Self-Storage Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

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