ÌÇÐÄvlog´«Ã½

Europe Self Storage Market Analysis

The Europe Self-Storage Market size was estimated at USD 2,750.29 million in the current year. The market is expected to reach USD 3,671.84 million in five years, registering a CAGR of 5.95% during the forecast period.

The self-storage market is a sub-sector of retail real estate. Over the forecast period, driven by higher urbanization and a better business outlook across regions, growth in this industry is predicted to be robust as new businesses emerge.

• Increased facilities and space offers in several regional countries have increased the European self-storage market. The European mass of renters of rooms for individuals and business purposes has helped increase the studied market due to urbanization, rising population, an improving economic outlook, and crowded accommodation.
• The growth of the SME self-storage market is driven by the prevailing trend to open retail outlets for pick-ups and deliveries in the e-commerce sector. Companies increasingly use value logistics as consumers demand more and more deliveries on the same day, so they're turning to self-storage. In the same vein, several market participants have acted positively.
• European consumers have a relatively high awareness of this self-storage market compared to other regions worldwide. Additionally, the key benefits, such as sole access to space, flexible rental periods, and a wide range of size units suitable for each customer's needs, could be understood by nearly half of consumers who initially understand the market.
• Several legal challenges exist for current Self Storage Managers and Owners, including but not limited to lien sale and auction, leaving of goods or documents, changes in State law on tenant bankruptcy or death, collections, rental agreement validity, protection of tenants' data, and the storage of vehicles.
• As a result of the increasing demands for consumers with improved city lifestyles, Europe's Self Storage Market was subject to moderate growth. The growth in the market is expected to be supported over the forecast period. The region experienced stable market growth due to the COVID-19 pandemic. However, the pandemic decreased production, resulting in an acute contraction of business inputs.

Europe Self Storage Industry Segmentation

Self-storage facilities allow people to rent and store any household or business possessions. Rental agreements for storage space, often known as storage units, are month-to-month agreements. Self-storage gives the user much greater control than full-service storage options, which restrict the customers' access to their possessions and dependence on the storage provider to maintain and manage them.

The study tracks the key market parameters, underlying growth influencers, and major vendors operating in the industry, which supports the market estimations and growth rates during the forecast period. It also tracks the total lettable area across different European countries while providing market trends and key vendor profiles. Moreover, the study analyzes the impact of COVID-19 on the ecosystem.

The Europe Self-Storage Market is segmented by user type (personal and business) and country (Germany, United Kingdom, Italy, France, Netherlands, Spain, Norway, Denmark, Sweden, Rest of Europe).

The market sizes and forecasts are provided in terms of the (USD) for all the above segments.