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, with consumers turning to industry operators to store larger items such as furniture or automobiles for later use. As a result, over the five years through 2013-14, the Self-Storage Services industry is expected to grow at an annualised 1.8%. Profitability for the industry has also grown over the past five years as operators have aimed to reduce costs... purchase to read more
Industry Report - Industry Analysis Chapter
Over the five years through 2013-14, steady demand from Australian consumers has supported the Self-Storage Services industry. Consumers who are relocating for employment or study are expected to have continued their demand for industry services, especially as few competitive substitutes exist. Consumers in transit between primary places of residence are another source of industry demand. Ultimately, downstream demand is largely influenced by the overall pace of economic activity around Australia.
The industry is expected to grow at an annualised 1.8% over the past five years through 2013-14, to total $741.1 million... purchase to read more