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

IBISWorld’s Self-Storage Services market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.


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?

Over the past five years, steady demand from Australian consumers has supported the Self-Storage Services industry. Consumers that relocate for employment or study have continued to use industry services as few competitive substitutes exist. Consumers in transit between primary places of residence are another source of industry demand. Ultimately, the overall pace of economic activity in Australia influences downstream demand.

The industry is expected to grow by an annualised 3.3% over the five years through 2016-17, to total $1.1 billion. Industry players continue to seek new ways to reduce operating costs, such as depreciation and labour expenses, through outsourcing and divesting non-core assets. In 2016-17, industry revenue is expected to increase by 1.7% a...

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Additional Insights for the Self-Storage Services Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Self-Storage Services Industry are

  • Ability to manage credit 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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    New Zealand Special Report

    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 Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Level of urbanisation
  • Demand from online shopping
  • Number of housing transfers
  • Consumer sentiment index

  • Current Performance
  • Chart: Revenue Growth

  • Industry Outlook
  • Table: Self-Storage Services Industry Revenue Outlook

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

  • Products & Markets
    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
  • Deposit box operation
  • Other storage and products
  • 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
    Competitive Landscape
    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
    Major Companies
    Kennards Self Storage Pty LimitedStorage King Management Pty LtdNational Storage REIT
  • Table: Kennards Self Storage Pty Limited - financial performance
  • Table: Storage King Management Pty Ltd - financial performance
  • Table: National Storage REIT - financial performance

  • Operating Conditions
    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
    Key Statistics
    Table: Industry Data for the Self-Storage Services Industry
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    Real Estate Investment Trusts (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 (Rv)
  • 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 is controlled.
  • Why buy this report?

    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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