Self-storage and moving services demand is forecast to grow above 4% annually through 2020, reaching over $70 billion. Growth will be supported by more Americans and businesses relocating as the country continues its slow recovery from the recession.
Six Types of Service Covered
The self-storage and moving services industry is divided amongst a handful of key constituents, each characterized by their own set of advantages, constraints, and industry players. Self-storage is expected to have the strongest growth per year through the forecast. Gains will be driven by the mobile storage market, a small but prospering sector.
South and West Regions
As a result of a number of factors, including economic growth, population growth, and mobility trends, the South and West regions will remain the largest outlets for self-storage and moving services through the forecast, accounting for over 65% of the demand.
Industry Players Vary by Service
The breakdown of participants in the self-storage and moving services industry is dependent on the service. While the largest firms occupy only a small percentage of the self-storage and full-service moving markets, the top four DIY moving truck rental service companies occupy nearly 50% of the market.
Scope of the Report
This report covers the scope, size, and growth of the self-storage and moving services market, including key trends in each service type and region as a result of a variety of socioeconomic factors. Historical data is provided for 2005, 2010, and 2015 with forecasts for 2020 and 2025, with year by year historical market volatility also addressed. Data is provided in both billion dollars as well as employment and establishments for each service. Additionally, data is provided for the square footage of rentable space in the self-storage market. Also included is an analysis of the industry key players and their market shares, including AMERCO(U-Haul), Atlas World Group, Avis Budget Group, CubeSmart, Extra Space, Mobile Mini, Penske, PODS Enterprises, Public Storage, SIRVA, Sovran Self Storage, and UniGroup.
Services covered within the scope of this report include:
Not Climate-Controlled Self-Storage
DIY Moving Truck Rental
Regions covered in this study include:
Northeast (New England and Middle Atlantic)
Midwest (East North Central and West North Central)
South (South Atlantic, East South Central, and West South Central)
West (Mountain and Pacific)