The industry has remained stable even in tough economic times, as demand for storage increased along with the foreclosure rate. As the economy slowly moves into a recovery, demand will continue to grow, as discretionary purchases increase, resulting in more possessions for consumers to store. Moreover, increasing housing density will also fuel revenue growth, as individuals will be in greater need of storage space.
This industry primarily rents or leases space for self-storage. These establishments provide secure space where customers can store and retrieve their belongings at their convenience. Industry storage units include rooms, compartments, lockers, containers and outdoor space.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.