European Storage Market Booming
According to an exclusive report by IMARC Group, self-storage market in Europe reached $24.9 billion (USD) in 2022, and IMARC Group expects it to reach $30.8 billion (USD) by 2028, a growth rate (CAGR) of 3.65 percent during that five-year span.
Market drivers in Europe include the increasing use of self-storage by hotels, event planners, educational institutions, and production companies. These commercial tenants store furniture, décor, supplies, archives, equipment, props, sets, and more. The report also attributes growth to the rapid urbanization, improved economic outlook across the region, and the widespread adoption of smaller housing with limited spaces due to expensive rent in major cities across Europe.
For more, visit IMARC Group.
More Content
Popular Posts
The self storage industry is in a precarious...
Joe Shoen, CEO of U-Haul, has had enough.
Like its name implies, Surprise, Ariz., a...
Self-storage operators wear a lot of hats....
The question of “abandonment” of stored...
In a booming economy, expendable income...
In a record-breaking deal finalized May 12,...
Mother Nature can be a cruel mistress....
Boat and RV storage has morphed and...
Senate Bill 709 (SB709) has many in the...
Recent Posts
The self-storage sector has experienced a...
After 25 years in self-storage, I’ve seen...
In the early days of self-storage, many...
Brace for impact: starting today, the tax on...
Product: Self-Storage Door Production...
One of the most important factors to...
In a record-breaking deal finalized May 12,...