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 Products Chapter
The industry provides many storage options for a range of personal goods. Dedicated operators exist in smaller categories like wine or art storage. Some operators offer deposit box operation, but these represent a small share of revenue due to the low fees charged relative to other products.
Personal storage is the largest service segment for the industry. This service segment provides consumers with space to safely store their goods on a short-, medium- or long-term basis. In the most basic set-up, an operator charges for space per square metre in minimum increments and the consumer packs, transports and unloads the items. Many operators seek to add value by selling storage equipment or hiring out transport equipment... purchase to read more