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Imarc Group Releases Global Self-Storage Market Statistics, Outlook and Regional Analysis for 2025-2033Imarc Group Releases Global Self-Storage Market Statistics, Outlook and Regional Analysis for 2025-2033
ISS Staff
January 13, 2025
2 Min Read
Global management-consulting firm Imarc Group has released a report focused on the international self-storage market that includes an outlook and regional analysis for 2025 to 2033. It offers an executive summary, market overview, trends and forecast, providing detailed insight to regional markets in Africa, Asia-Pacific, Europe, Latin America, the Middle East and North America, according to a press release.
The global self-storage market was valued at nearly $60 billion in 2024 and is expected to reach $89 billion by 2033, exhibiting a compound growth rate of 4.5% from 2025 to 2033. According to the report, North America accounted for the largest market share due last year to technological advancements, rapid urbanization and the growing adoption of e-commerce by small businesses. The U.S. has about 61 million square feet of self-storage development underway, the release stated.
According to the report, industry demand is being driven by:
Africa and Middle East: The growth of expatriate communities, rising commercial use due to business diversification, limited residential real estate in urban areas
Asia-Pacific: Rapid economic development, the expansion of small and mid-size enterprises, urban migration, a cultural shift toward decluttering and better space management
Europe: A surge in real estate expenses, a deficit of storage space in urban areas, and interest from businesses, expatriates and international students
Latin America: Greater consumer awareness, a growing middle class, an increase in e-commerce and retail businesses, and general urbanization
North America: An aging population, an increase in self-employment and home-based work culture, natural disasters, an increase in boat and RV ownership
The report is available for purchase via the Imarc website. A single-user license is $2,999.
Imarc works in 100-plus countries across six continents to provide market assessments, feasibility studies, regulatory approvals and licensing navigation, branding, marketing and sales strategies, and other services. It has an office in the U.S. and another in the U.K.
Source: Imarc Group, Global Self Storage Market Expected to Reach USD 89.7 Billion by 2033
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