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Self-Storage Services in Australia: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Self-Storage Services Market Research Report | Consumer Goods & Services | Personal Services | Aug 2015

Storage wars: Price competition for basic services slows industry revenue growth

IBISWorld’s Self-Storage Services market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Kennards Self Storage Kennards Self Storage market share
Storage King Storage King market share
Industry Statistics & Market Size
Revenue
$754m
Annual Growth 11-16
2.3%
Annual Growth 16-21
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Profit
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Employment
3,562
Businesses
688
Industry Analysis & Industry Trends

Over the past five years, the Self-Storage Services industry has been supported by steady demand from Australian consumers, especially those relocating for short-term purposes such as employment or study. The industry has also grown steadily thanks to the lack of feasible substitutes for self-storage services, as consumers turn to industry operators to store larger items such as furniture or automobiles for later use. As a result, over the five years through 2015-16, the Self-Storage Services industry is expected to grow by an annualised 2.3%. Industry profitability has also grown over the past five years, as operators have reduced costs while also boosting service offerings... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

IBISWorld expects that the Self-Storage Services industry is in the mature phase of its life cycle. The industry is characterised by steady growth in revenue, participation numbers and employment. Over the ten years through 2020-21, the industry's Industry Value Added, a measure of the industry's contribution to the overall economy, is forecast to increase at an annualised 2.1%, underperforming the overall economy, with real GDP forecast to grow at 2.8% over the same period. This slight underperformance is characteristic of a mature industry, and suggests that the industry's contribution to the economy is falling... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Self-Storage Services Industry?

Businesses in this industry provide facilities and services that allow consumers to store their own goods.

Industry Products
Deposit box operationGun storageTemperature controlled storageCars, boats and RV storagePersonal storage
 
Industry Activities
Personal storage provisionWine storage provisionGun locker operationDeposit box operationCars, boats and RV storage provision


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