Press release
What is the Europe Self Storage Market growth outlook for 2033?
Europe Self Storage Market Graph
Market Size in 2024: USD 26.6 Billion
Market Forecast in 2033: USD 34.7 Billion
Market Growth Rate 2025-2033: 3.0%
The European self-storage market was valued at USD 26.6 billion in 2024 and is projected to reach USD 34.7 billion by 2033, expanding at a CAGR of 3.0%. Rising urbanization, shrinking living spaces and the e-commerce boom are converging to turn flexible storage into an essential real-estate segment across the continent.
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Growth Drivers Anchoring the European Self-Storage Market
Urbanisation and Micro-Living Trends
With cities like London, Paris, and Berlin adding more micro-apartments than single-family dwellings, more than three-quarters of EU residents now live in urban areas. The European Environment Agency predicts that average urban living space will drop by 8% by 2030, forcing inhabitants to store their goods elsewhere. Medium-sized units (25-100 sq Ideal for seasonal gear, sporting goods, and online-shopping deluge, ft) make up 46% of demand. Municipalities are integrating storage into transport-oriented developments, hence building in client pipelines for operators.
E-Commerce Inventory and Last-Mile Logistics
According to Eurostat, 70% of EU customers shopped online in 2024, therefore requiring SMEs to keep buffer stock close to city centres. Offering 24-hour access, loading bays, and flexible leases, self-storage facilities are replacing conventional warehouses for a lot of businesses. Fifty-five percent of UK storage requests in 2024 came from small companies holding returns, promotional materials, and inventory. Operators now provide QR-code entry, packing stations, and Wi-Fi, therefore positioning units as hybrid fulfilment hubs feeding same-day courier systems.
Flexible Living and Life-Event Mobility
22% of EU adults aged 25 to 34 now move at least once every two years, therefore increasing short-term relocations. Matching gig-economy lifestyles, storage operators promote "pause your lease" solutions and one-month minimums. Divorce, probate, and renovation activity up 18% across France and Germany in 2024, producing abrupt space needs. Goods in storage insurance partnerships remove psychological obstacles and turn life events into forecast occupancy surges.
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Europe Self Storage Market Segmentation
Analysis by Storage Unit Size
• Small Storage Unit
• Medium Storage Unit
• Large Storage Unit
Analysis by End Use
• Personal
• Business
Analysis by Country
• Germany
• France
• United Kingdom
• Italy
• Spain
• Others
Leading European Self-Storage Companies:
• Shurgard Self Storage SA
• Safestore Holdings PLC
• Self Storage Group ASA
• WP Carey Inc.
• SureStore Ltd
• Big Yellow Group PLC
• Access Self Storage
• Lok'nStore Limited
• Lagerboks
• 24Storage
• Casaforte
• Pelican Self Storage
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Europe Self Storage Market News:
• April 2025: Shurgard opened a 1,000-unit facility in Stuttgart, investing EUR 17.1 million to capture rising demand in southern Germany.
• February 2025: Heitman acquired a majority stake in Swedish operator Servistore, adding 31 unmanned sites across 14 cities to its global portfolio.
• December 2024: PGIM Real Estate and Pithos Capital launched a French JV under the Zebrabox brand, securing six assets for conversion into tech-enabled storage.
• April 2024: Shurgard completed the GBP 378 million acquisition of Lok'nStore, doubling its UK footprint to 86 locations overnight.
Key highlights of the Report:
• Market Performance (2019-2024)
• Market Outlook (2025-2033)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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