Press release
With 3.65% CAGR, Europe Self Storage Market Growth to Surpass US$ 30.8 Billion till 2023-28
The Europe self storage market size reached US$ 24.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 30.8 Billion by 2028, exhibiting a growth rate (CAGR) of 3.65% during 2023-2028.
What is Self storage?
Self storage, also known as storage rental or storage units, is a practical service that offers individuals and businesses a secure and accessible space to store their possessions. It is generally offered in various sizes to accommodate diverse needs. It can also be rented by individuals for short or long durations, which makes it an ideal solution for managing excess belongings, equipment, or inventory. Self storage facilities provide a safe environment with features like surveillance, controlled access, and climate control, ensuring the preservation of stored items. It is particularly useful during moving, downsizing, or when additional space is required to keep belongings organized and easily retrievable.
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Europe Self Storage Market Trends and Drivers:
The increasing use of self storage by hotels and event planners for temporary storage of furniture, decor, and supplies to facilitate seamless event management and provide a flexible solution for varying space needs represents one of the primary factors supporting the market growth in Europe. Moreover, the rising adoption of self storage by educational institutions to store surplus furniture, supplies, and archives during transitions or renovations, which ensures safekeeping and preserving historical records, is favoring the growth of the market in the region. Besides this, the growing usage of self storage by production companies for storing equipment, props, and sets in self storage between projects, which ensures convenient access for future productions, is influencing the market positively in the region.
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What is included in market segmentation?
The report has segmented the market on the basis of storage unit size and end use.
Breakup by Storage Unit Size:
• Small Storage Unit
• Medium Storage Unit
• Large Storage Unit
Breakup by End Use:
• Personal
• Business
Breakup by Country:
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
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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Contact US
IMARC Group
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USA: +1-631-791-1145 | Asia: +91-120-433-0800
Email: sales@imarcgroup.com
Follow us on Twitter: @imarcglobal
LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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