European Storage Market Booming

Posted by Modern Storage Media on Oct 20, 2023 3:39:33 PM

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. 


Screen Shot 2023-10-20 at 10.10.05 AM

For more, visit IMARC Group.