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The Perfect Choice for the Growing Future of Self-Storage

Tessa Tristianti • January 11, 2019

Over the past few years, the self-storage industry has witnessed a significant growth rate as various innovations have strengthened it; thus, offering tremendous benefits to every stakeholder in the industry. Since self-storage facilities are known to be capable of storing both personal and commercial belongings, individuals and businesses now enjoy the use of self-storage to keep their valuables safe till whenever they are required.

Mindboggling Statistics, Investment Opportunities and Market Trend Analysis for the Self-Storage Industry

Figures on the Households and People Using Self-Storage Facilities

The self-storage industry stands out as one of the most promising industries that investors and customers alike should never overlook. Foremost, in the US, about 10% of all households are utilizing self-storage facilities for storing various valuables. When compared to what was obtainable 20 years, this new figure shows that there has been an increase of about 60% in the number of households using these facilities.

This growth is not only applicable to the US as there has been growth in the use of self-storage facilities in the United Kingdom, Canada, Spain, the Netherlands, Australia, France, Sweden, Germany, Japan, Hong Kong and many other countries around the globe.

Although it would be logical for you to assume that most people using self-storage facilities for storing their valuables are people without access to garages or other in-house storage facilities, your assumption would wrong. As shown in a study done by Self-Storage Association in 2013, about 64% of the individuals using self-storage facilities had access to other storage devices. However, due to the security and other benefits provided by self-storage facilities, they chose to store their belongings in self-storage facilities.

The Current and Projected Revenue of the Self-Storage Industry

The revenue of the self-storage industry has been estimated at $30 billion as the demand for these facilities is on the increase. Based on a study conducted by IBIS World, the growth of self-storage revenue is set to peak at around 2.9% annually from now till 2020 before it increases further.

It has been forecasted that the revenue of the industry would have reached $32.6 billion at the end of 2020. Regarding usage, the growth rate should be as much as 14% by the end of the same period; thereby, signaling a huge increase in the number of the individuals and businesses that will be utilizing these facilities in the next few years.

Statistics on the Companies in the Self-Storage Industry

As of 2016, there were almost 1,500 Canadian businesses that were established to primarily service the needs of individuals and businesses with a wide array of self-storage facilities. 99.8% of these businesses employed about 1 to 99 persons. This indicates that the self-storage industry contributes immensely to the workforce of the country as many customers now rely on these facilities to safeguard their valuables. Moreover, during this same period, the SMEs in the Canadian self-storage industry boasted of having average revenue of $357 thousand.

Looking at the US where self-storage is at an advanced developmental stage, the number of self-storage facilities is even more intriguing. In 2016, the U.S had over 58,000 self-storage facilities scattered in different parts of the country. Similarly, there were more than 32 million storage units with a total storage space of 2.3 billion square feet.

The US has self-storage space per capita of nine square feet while Canada and other countries have self-storage space per capita of about two square feet or more. However, these varying numbers highlight the room for growth in this industry in these various countries.

Latest Trends in the Self-Storage Industry

With many new startups springing up in the industry, there has been a noticeable increase in the number of companies using the valet-storage business model. This means that more self-storage companies go the extra miles of picking up valuables at the comfort of the homes of their customers and keep them safe in the storage facilities until the customers need them.

This particular business model is much favored by the millennial and other young individuals whose consumer preferences and behaviors are much in line with the use of their internet-enabled devices to access different services. As more millennial are expected to gain spending power in the next few years, it is expected that the use of the valet-storage business model will rise with a greater effect on the self-storage market.

Portable Containers as the Ideal Choice for the Future of Self-Storage

Due to the advent of technology, no industry can survive without the introduction of technologically advanced equipment. Portable containers are the newest trend which has now redefined and will continue to revolutionize the self-storage industry.

Firstly, it is worthwhile to note that getting started with portable container comes with a faster and potentially more profitable model when compared to the traditional storage facilities. Rather than waiting for weeks or months to get the traditional self-storage facilities up and running, the portable container can be easily assembled within a few days so that businesses can expand their fleets immediately. Consequentially, portable containers make sure that self-storage business owners and their customers do not have to wait until eternity to start storing their belongings.

Furthermore, portable containers offer self-storage business owners an opportunity to reach a wider pool of customers. Unlike the traditional self-storage facilities that can typically draw customers from about 3 to 5 miles, portable containers expand this reach to over 30 miles. This is because self-storage companies using portable containers do not have to wait for their prospective customers to bring their valuables to them. They can move the containers to the homes and offices of their customers to get the items before moving them back to the facilities. As a result, the customer base of the companies using the portable containers expands significantly and this, in turn, increases the revenue of these companies.

Also, portable containers can be used by various self-storage companies as marketing tools that will draw more customers to them. Since these portable containers can be customized with the business logo, website, contact address and phone number of the companies, self-storage companies can take advantage of these containers to advertise their services.

Based on the advantages of portable containers over the traditional storage facilities, it is expected that these avant-garde storage devices are going to usher lots of changes into the self-storage industry. Without mincing words, portable containers are the perfect choice for the growing future of the self-storage industry as they provide more investment opportunities and widen the horizon of the companies.

You can be a part of the future of the growth of self-storage today by getting durable, safe Cover-Tech Portable Containers. Designed with the latest and most advanced technologies, these containers are the ideal storage devices that the self-storage industry needs today .



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Protecting your heat pump from snow and ice is important to ensure it continues functioning properly. Heat pumps are expensive equipment and need special care when exposed to harsh winter weather. Fortunately, there are several precautions you can take to safeguard your heat pump. heat pump from snow and ice. Investing in a quality heat pump cover, ensuring your HVAC system is properly insulated, and regularly checking for signs of wear and tear are all important steps to ensure that your heat pump continues running efficiently throughout the cold winter months.

Mother’s Day Gift Ideas: Seasonal Essentials for Mom

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