Self Storage Market in Europe To Hit US$ 30.8 Billion by 2028 | Exclusive Report by IMARC Group

How Big is The European Self Storage Market?

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 referred to as storage rental or storage units, is a practical service that provides both individuals and businesses with a secure and convenient space to stow their belongings. These storage solutions typically come in various sizes to cater to a range of needs. They are available for rent over short or extended periods, making them an ideal choice for managing surplus possessions, equipment, or inventory. Self storage facilities offer a safe and controlled environment, often equipped with features like surveillance, restricted access, and climate control to ensure the protection and preservation of stored items. This service proves especially valuable during times of relocation, downsizing, or when additional space is required to maintain belongings in an organized and easily accessible manner.

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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

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This release was published on openPR.