Self storage is a growing industry, with more and more people turning to it for their storage needs. But what do the statistics say about the industry?
In this blog post, we’ll take a look at the latest self storage statistics, exploring the trends and insights that can help us better understand the industry. We’ll also look at the implications of these statistics for businesses and consumers alike. So, let’s dive into the numbers and see what they can tell us about the self storage industry.
Self Storage: The Most Important Statistics
The number of self-storage facilities in Sweden increased from 217 in 2021 to 227 in 2022, with an estimated total size of 525 thousand square meters.
The global self-storage market is expected to grow from 48 billion US dollars in 2020 to 64.71 billion US dollars in 2026, with the US accounting for 90% of the market.
Self Storage Statistics Overview
In 2020, 42% of people in the UK had heard of self storage, while 12% had never heard of it.
Knowing how many people are aware of self storage can help businesses in the industry to better understand their target market and tailor their services accordingly.
22% of respondents in a UK survey in 2022 named Big Yellow Self Storage Company as their most popular brand, making it the second largest self-storage operator in the UK.
Big Yellow Self Storage Company is therefore a popular and successful brand in the UK, and it is likely to continue to be a successful business in the future.
Self-storage space in Norway increased by 16 thousand square metres between 2016 and 2022.
This increase in self-storage space is important as it indicates an increased demand for self-storage services in Norway. This could be due to a variety of factors such as population growth, economic growth, or an increase in the number of businesses requiring storage space.
The size of rentable self-storage facilities in Denmark increased from 176 thousand square meters in 2016 to 290 thousand square meters in 2022.
This demonstrates the growth in demand for self-storage facilities in Denmark. This growth in demand could be due to a variety of factors, such as an increase in population, an increase in consumer goods, or a shift in consumer preferences. Understanding the reasons behind this can help self-storage businesses better understand their target market and adjust their strategies accordingly.
The number of self-storage facilities in Sweden increased from 217 in 2021 to 227 in 2022, with an estimated total size of 525 thousand square meters.
The estimated size of self-storage facilities in Sweden grew from 370 thousand square metres in 2016 to over 525 thousand square metres in 2022.
This could indicate that more people are using self-storage facilities for their storage needs, which could be due to a variety of factors such as population growth, an increase in the number of businesses, or an increase in the number of people moving to Sweden.
California and Texas had the highest square footage of self-storage space in the US in 2020, with 40 million and 29.4 million respectively.
Self-storage space in the US increased by 8.2% from 2018 to 2019, reaching 1.9 billion square feet.
The global self-storage market is expected to grow from 48 billion US dollars in 2020 to 64.71 billion US dollars in 2026, with the US accounting for 90% of the market.
This shows the growth of the global self-storage market and the dominance of the US in this market. It also highlights the potential for further growth in the self-storage market in the future.
Global revenue from storage units in 2021 was over 43 billion dollars, with a 6% increase from the previous year.
It proves that the demand for storage units is increasing, which could lead to more businesses entering the market and more competition.
Supplementary Statistics
The U.S. self storage industry generated $32.7 billion revenue in 2016.
It highlights the industry’s ability to generate a substantial amount of revenue, demonstrating its potential for growth and profitability. This is an important point to consider when discussing the self storage industry, as it provides insight into the industry’s current state and its potential for future success.
The self storage industry has grown at an annual rate of 7.7% since 2012.
This demonstrates that the industry has been able to consistently grow and expand, despite the ever-changing economic landscape. This statistic is a clear indication that the self storage industry is a viable and profitable business venture.
The total global market value of the self storage industry is estimated to be around $37 billion as of 2022.
Thus, the industry is growing rapidly and is expected to reach a staggering $37 billion by 2022. This is a clear indication that the self storage industry is a lucrative and profitable venture, and one that is worth investing in. This statistic is a great starting point for anyone looking to learn more about the self storage industry and its potential.
There are around 3,000 self storage facilities in the UK, holding approximately 39.4 million square feet of rentable space.
This is a testament to the sheer size of the self storage industry in the UK. It highlights the fact that there is a huge amount of rentable space available, indicating that the demand for self storage is high. This is an important point to consider when discussing the self storage industry, as it shows that it is a thriving sector.
Canadians spend an average of $1.5 billion annually on self storage.
Canadians are investing a significant amount of money in self storage, which suggests that it is a valuable service to them. This statistic can be used to demonstrate the prevalence of self storage in Canada and the need for it in the lives of Canadians. It can also be used to highlight the potential of the self storage industry in Canada and the opportunities it presents for businesses.
More than 1.5 million people in the UK have used a self storage facility in the past.
More and more people are turning to self storage to store their belongings, whether it be for a short-term or long-term solution. This statistic is a great indicator of the demand for self storage services and can be used to inform decisions about the industry.
The self storage industry is expected to grow at a compound annual growth rate (CAGR) of more than 134% in India from 2019-2023.
The industry is expected to experience a remarkable growth in the coming years, making it an attractive investment opportunity for entrepreneurs and investors alike. This statistic is a valuable insight for anyone looking to gain a better understanding of the self storage industry in India and its future prospects.
Conclusion
In conclusion, self storage is becoming increasingly popular as more people are looking for ways to store their belongings.
Self storage facilities offer a convenient and secure way to store items, and the industry is growing rapidly. Self storage statistics show that the industry is expected to continue to grow in the coming years, and that it is a great option for those who need extra storage space.
References
1 – https://www.statista.com/statistics/482597/awareness-of-self-storage-united-kingdom/
2 – https://www.statista.com/statistics/482612/self-storage-brand-awareness-united-kingdom/
3 – https://www.statista.com/statistics/1148159/estimated-size-of-self-storage-facilities-in-norway/
4 – https://www.statista.com/statistics/1148151/estimated-size-of-self-storage-facilities-in-denmark/
5 – https://www.statista.com/statistics/1147970/estimated-number-of-self-storage-facilities-in-sweden/
6 – https://www.statista.com/statistics/1148157/estimated-size-of-self-storage-facilities-in-sweden/
7 – https://www.statista.com/statistics/1092295/self-storage-facilities-square-footage-state-usa/
8 – https://www.statista.com/statistics/1092323/total-self-storage-facilities-square-footage-usa/
9 – https://www.statista.com/statistics/1036943/self-storage-market-value-worldwide-forecast/
10 – https://www.statista.com/forecasts/1251276/worldwide-storage-revenue-growth
11 – https://www.businesswire.com
12 – https://www.ibisworld.com
13 – https://timesofindia.indiatimes.com
14 – https://www.statista.com
15 – https://www.ssauk.com
