The global self-storage market is projected to reach USD 105.22 billion by 2034, expanding from USD 62.87 billion in 2025 at a CAGR of 5.95% (2025–2034). This growth is fueled by rising urbanization, space constraints in residential areas, and increased demand for flexible storage solutions from individuals and businesses alike.

Key Insights on the Self-Storage Market

• North America dominated the market in 2024 with the largest share.

• Asia Pacific is anticipated to register the fastest CAGR during 2025–2034, driven by growing urban populations and e-commerce storage needs.

• By unit size, the medium segment leads due to its suitability for diverse storage needs.

• By application, the personal segment captured the highest market share in 2024, reflecting the rising trend of downsizing and temporary relocations.

Top Self-Storage Companies to Watch

1. Public Storage

About: Founded in 1972, Public Storage is the largest self-storage company in the world, headquartered in Glendale, California.
Products: Offers storage units, vehicle storage, and business storage solutions.
Market Cap: Approx. USD 52 billion (as of 2025).

2. Extra Space Storage

About: A Utah-based company known for its innovative storage technologies and sustainability initiatives.
Products: Provides personal, business, and climate-controlled storage units.
Market Cap: Approx. USD 34 billion (2025).

3. U-Haul Holding Company

About: A leader in moving and storage services with a vast network across North America.
Products: Storage units, U-Box portable containers, and moving equipment rentals.
Market Cap: Around USD 12 billion.

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4. National Storage Affiliates

About: A growing player with a unique PRO (Participating Regional Operator) structure that integrates regional storage operators.
Products: Focuses on residential and commercial storage services.
Market Cap: Approx. USD 5.8 billion.

5. CubeSmart

About: Headquartered in Pennsylvania, CubeSmart emphasizes customer-centric storage experiences.
Products: Personal storage, climate-controlled spaces, and vehicle storage.
Market Cap: Around USD 10 billion.

6. SROA Capital

About: Specializes in acquiring and managing high-quality self-storage properties in the U.S.
Products: Standard storage solutions for individuals and businesses.
Market Cap: Private company (financials undisclosed).

7. Prime Group Holdings

About: A private equity firm heavily invested in self-storage assets across the U.S.
Products: Self-storage and related property management services.
Market Cap: Private (portfolio value exceeds USD 4 billion).

8. Merit Hill Capital

About: Focuses on acquiring and managing institutional-grade storage facilities.
Products: Operates over 300 properties nationwide.
Market Cap: Private (not publicly listed).

9. StorageMart

About: A family-owned company with a strong international presence in the U.S., Canada, and U.K.
Products: Offers storage units, climate control, and parking solutions.
Market Cap: Private company (financials undisclosed).

10. The William Warren Group (WWG)

About: Operates StorQuest Self Storage with a focus on lifestyle branding and premium customer service.
Products: Personal and business storage, RV and boat storage.
Market Cap: Private (estimated portfolio value in the billions).

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Growth Strategies Shaping the Self-Storage Industry

• Digital Transformation: Mobile apps and AI-driven facility management tools are enhancing customer experiences.

• Sustainability: Solar-powered facilities and energy-efficient lighting are becoming industry standards.

• Expansion in Emerging Markets: Companies are investing in Asia Pacific and Latin America to tap into growing urban populations.

• Flexible Contracts: Short-term and on-demand storage contracts are gaining popularity with millennials and gig economy workers.

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FAQs: Self-Storage Market & Companies

1. What is the future of the self-storage market?

The market is expected to grow steadily at 5.95% CAGR, driven by urbanization, e-commerce growth, and flexible storage needs.

2. Which region is growing the fastest in self-storage?

Asia Pacific is projected to experience the fastest growth due to increasing urbanization and demand from small businesses.

3. Who is the largest self-storage company globally?

Public Storage holds the top position as the world’s largest self-storage company.

4. What trends are influencing the self-storage industry?

Key trends include climate-controlled units, digital reservations, and green building certifications.

5. Are self-storage companies investing in emerging markets?

Yes, major players are expanding into Asia Pacific and Latin America to capture new consumer segments.

Source : https://www.towardspackaging.com/insights/self-storage-market-sizing