Global Self Storage and Moving Services Market Overview:
Self-Storage is a service that allows them to rent secure and convenient storage spaces when individuals or organisations require extra storage space. Self-storage units are a cost-effective alternative to other options like upgrading an existing structure or renting additional rooms for persons and organisations who want to retain their assets and belongings in a secure, climate-controlled area.
Growth Drivers
- The Four D’s- Death, Divorce, Dislocation, Disaster Thrives the Market
- Increase in Downsizing is Fuelling the Self-Storage Market
Roadblocks
- Security Concerns Like Theft, Hacking Biometrics and CCTV
Opportunities
- Increased Usage from Large and Small Business
- Remote Monitoring to Avoid Theft and Temperature Damage
Challenges
- Climate Controlled Units are Very Expensive
- Slow Processes and Rising Cost
Competitive Landscape:
The demand for Self-Storage and Moving is increasing due to Rise in Disposable Income and Improved Lifestyle. The businesses in this industry facing major competition on a global scale with leading players of the market who hold a major market share. The Leading Players are engaging in organic and non-organic strategic global expansion to maintain their Market Position.
Some of the key players profiled in the report are Public Storage (United States), Extra Space Storage (United States), U-Haul (United States), CubeSmart (United States), Simply Self Storage (United States), Big Yellow Group Plc, (United Kingdom), Men on The Move (United States), Mid-West Moving & Storage Inc (United States), PODS Enterprises LLC (United States) and Safestore Holdings Plc (United Kingdom). Additionally, following companies can also be profiled that are part of our coverage like Clutter (United States), Safe Storage (India) and Storable (United States). Analyst at AMA Research see United States Manufacturers to retain maximum share of Global Self Storage and Moving Services market by 2027. Considering Market by Storage Product, the sub-segment i.e. Fabrics will boost the Self Storage and Moving Services market. Considering Market by Storage Unit Size, the sub-segment i.e. 5 by 5 will boost the Self Storage and Moving Services market. Considering Market by End-User, the sub-segment i.e. Personal will boost the Self Storage and Moving Services market.
Latest Market Insights:
In July 2021 Big Yellow Released a Statement Announcing the Acquisition of Armadillo. Big Yellow Group, has purchased the 10-location Armadillo Self Storage portfolio. Armadillo, which opened 15 years ago, will be remodelled with a new design and feel. The new cooperation will be promoted through a regional radio campaign. Derby, Dundee, Hull, Liverpool, Middlesbrough, Stockton, Peterborough, Sheffield, and Stoke on Trent all have Armadillo facilities. The new appearance is being unveiled for the first time in Peterborough.
What Can be Explored with the Self Storage and Moving Services Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Self Storage and Moving Services Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Self Storage and Moving Services
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Self Storage and Moving Services market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Self Storage and Moving Services market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Households and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.