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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 2016

Variety store: Niche storage options are becoming a growth avenue for the industry

IBISWorld’s Self-Storage Services market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Kennards Self Storage Kennards Self Storage market share
National Storage REIT National Storage REIT market share
Storage King Storage King market share
Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 12-17
3.3%
Annual Growth 17-22
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Profit
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Employment
3,577
Businesses
692
Industry Analysis & Industry Trends

Over the past five years, the Self-Storage Services industry has grown due to rising demand from Australian consumers, especially those relocating for short-term purposes such as employment or study. The industry has also grown steadily due to the lack of feasible substitutes for self-storage services. Consumers have turned to industry operators to store larger items, such as furniture or automobiles for later use. Demand for self-storage facilities from businesses has also grown over the past five years, with increases in online shopping causing small online retailers to increasingly rent storage space to keep stock. As a result, over the five years through 2016-17, revenue for the Self-Storage Services industry is expected to grow by an annualised 3.3% to total $1.1 billion, with 1.7%... purchase to read more

Industry Report - Industry Investment Chapter

The Self-Storage Services industry has a low level of capital intensity. For every $1.00 paid as wages, only $0.12 is required as capital investment. Despite wages accounting for a significant portion of the industry’s cost structure, the industry is not heavily reliant on labour functions, with an average of less than three full-time employees per establishment. This is due to its highly autonomous nature, with labour employed to oversee general operations. The role of security and call centre operations is being increasingly outsourced by the industry, lowering the need for labour and reducing wage costs as a share of revenue. Labour is still a significant part of the overall industry due to the high number of establishments spread around Australia.

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Industry ProductsRelated ReportsTable of Contents

What is the Self-Storage Services Industry?

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

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


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