Overview

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

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.

REPORT SNAPSHOT

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 expected to strengthen, particularly for basic self-storage services

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    Industry Analysis & Industry Trends

    The Self-Storage Services industry has performed strongly over the past five years due to rising demand from Australian consumers, especially those relocating for a short period of time to study or work. The lack of feasible substitutes for self-storage services has further supported industry 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 past five years. The growth of online shopping 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 3.7% over the five years through 2017-18, to reach $1.2 billion. This includes a forecast increase of 2.7%...

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    What is the Self-Storage Services industry?

    Operators in the Self-Storage Services industry have benefited from steady demand from Australian consumers and businesses over the past five years. Consumers that are relocating for employment or study often use industry services, as few competitive substitutes exist. Consumers in transit between primary places of residence are another source of industry demand. The overall pace of economic activity in Australia and macroeconomic factors that influence migration patterns also affect downstream demand.

    Industry revenue is expected to grow at an annualised 3.7% over the five years through 2017-18, to reach $1.2 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...

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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 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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    Products & Brands

    Major products in this industry
    Deposit box operation
    Gun storage
    Temperature controlled storage
    Other storage services 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
  • 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

  • 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 services 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
    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
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Jargon & Glossary
    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.
  • 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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