Storage & Warehouse Leasing in Canada
Substantial growth in this industry has been underpinned by boom in multi-family residential construction. Additionally, the total number of businesses, a key purchaser of industry services, has expanded during the current period resulting in strengthening demand. IBISWorld expects growth in the domestic Storage and Warehouse Leasing industry to remain steady over the next five years, albeit from a low base. Primary demand drivers, such as per capita disposable income and the number of businesses, are projected to continue to improve and a growing number of baby boomers (adults aged 65 and older) will enter retirement, increasing their probability of using self-storage facilities. Additionally, the long-run substitution from single-family residences into apartments, condos and nursing facilities is expected to continue.
Operators in this industry primarily rent or lease self-storage space. Industry operators provide spaces where customers can store and retrieve their belongings at their convenience. Industry storage units include rooms, compartments, lockers, containers and outdoor space.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.