Overview

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

IBISWorld’s Self-Storage Services market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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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%...

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What is the Self-Storage Services industry?

The Self-Storage Services industry exhibits moderate barriers to entry and this trend is expected to have been steady over the past five years. One significant barrier to entry is the lack of access to the space required for the construction of self-storage facilities. A major element of competition within the industry is location, with customers showing a preference for sites that are easy to access and close to their residence or major business centre. Space at industry sites, once secured, can be transformed with minimal investment into facilities to provide services. In addition, ongoing capital and maintenance costs are relatively minor...

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Products & Brands

Major products in this industry
Deposit box operation
Gun storage
Temperature controlled storage
Other storage and products
Personal storage

Table of Contents

About this Industry

Industry Definition
Main Activities
Similar Industries
Additional Resources

Industry at a Glance

Industry Performance

Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle

Products & Markets

Supply Chain
Products & Services
Major Markets

Globalisation & Trade

Business Locations
Competitive Landscape
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Barriers to Entry

Major Companies

Operating Conditions

Capital Intensity

Key Statistics

Industry Data
Annual Change
Key Ratios

Jargon & Glossary

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