Store wars: Competitive pressure in the industry is projected to grow over the next five years

Revenue for the Self-Storage Services industry has grown over the past five years due to increasing urbanisation and rising demand from Australian consumers, especially consumers relocating for a short period of time to study or work. The lack of feasible substitutes for self-storage services has further supported industry revenue growth. Consumers have turned to industry operators to store larger items, such as furniture or automobiles. Demand for self-storage facilities from businesses has also grown over the period. Online shopping growth has increased small online retailers' demand for storage space, which they can use to store their stock. Overall, industry revenue is expected to grow at an annualised 0.4% over the five years through 2019-20, to $1.5 more.

Industry Statistics & Market Size
Annual Growth 15-20
Forecast Growth 20-25

Industry Threats & Opportunities

  • Rising demand from consumers relocating for short-term purposes has supported the industry
  • Smaller online retailers have increasingly hired self-storage units to store stock
  • Price competition is projected to strengthen, particularly for basic self-storage services
  • Industry Report - Industry Investment Chapter

    The Self-Storage Services industry exhibits a moderate level of capital intensity. For every dollar spent on wages in 2019-20, industry operators are expected to spend an estimated $0.15 on capital investment. The industry's high automation level means that staff are typically only employed to oversee general operations. Furthermore, additional functions, such as security and call centre operations, are being increasingly outsourced by operators, reducing the industry's reliance on manual labour. However, labour remains a significant part of the overall industry, due to the industry's high number of establishments across Australia. Depreciation is principally incurred on capital assets, such as the units themselves, which have long, useful lives...purchase to read more.

    Additional Insights for the Self-Storage Services Industry

    IBISWorld has determined the most important Key Success Factors for the Self-Storage Services are:

  • Ability to effectively manage risk
  • Access to niche markets
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Level of urbanisation and Demand from online shopping in the Self-Storage Services industry impact industry performance..

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    What's in this report

    What is the Self-Storage Services Industry?

    Industry operators provide facilities and services that allow consumers and businesses to store their own goods.

    Industry Products
  • Deposit box operation
  • Gun storage
  • Temperature-controlled storage
  • Other storage services and products
  • Personal storage
  • Industry Activities
  • Renting out personal storage facilities
  • Renting out wine storage facilities
  • Operating gun lockers
  • Operating deposit boxes
  • Storing cars, boats and RVs
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Level of urbanisation
  • Demand from online shopping
  • Number of housing transfers
  • Consumer sentiment index

  • Current Performance
  • Demand conditions
  • Industry changes
  • Profit and participation
  • Chart: Revenue Growth

  • Industry Outlook
  • New opportunities
  • Industry challenges
  • Profit and participation
  • Table: Self-Storage Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Self-Storage Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Commercial and Industrial Building Construction
  • Electricity Retailing
  • Industrial and Other Property Operators
  • Investigation and Security Services
  • Securitisation Vehicles

  • Products & Services
  • Personal storage
  • Temperature-controlled storage
  • Other storage services and products
  • Deposit box operation
  • Gun storage
  • Chart: Self-Storage Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individuals
  • Businesses
  • Chart: Major Market Segmentation for the Self-Storage Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Self-Storage Services

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Self-Storage Services Industry

  • Industry Globalization
    Kennards Self Storage Pty Limited, National Storage REIT, Storage King Management Pty Ltd,
  • Table: Kennards Self Storage Pty Limited - financial performance
  • Table: National Storage REIT - financial performance
  • Table: Storage King Management Pty Ltd - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Self-Storage Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Self-Storage Services Industry
  • Industry Revenue (2011-2025)
  • Industry Gross Product (2011-2025)
  • Establishments (2011-2025)
  • Businesses (2011-2025)
  • Employment (2011-2025)
  • Wages (2011-2025)
  • Wages (2011-2025)
  • Purchases (2011-2025)
  • Profit (2011-2025)
  • Depreciation (2011-2025)
  • Rent (2011-2025)
  • Utilities (2011-2025)
  • Other (2011-2025)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Real Estate Investment Trust (Reit)
  • An equity investment structure for investment in real estate assets, often listed on stock exchanges. Shareholders own the debt and equity that has funded the purchase of real estate assets.
  • Recreational Vehicle
  • A vehicle that can travel on road but also provides accommodation, such as a caravan.
  • Temperature-Controlled Storage
  • Storage services where the temperature and humidity of the storage environment are controlled.
  • What Our Customers Say

    Why buy this report?

    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.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Self-Storage Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Self-Storage Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Self-Storage Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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