Overview of the Self Storage Market The self storage market has experienced significant growth over the past decade, driven by increasing urbanization, smaller living spaces, and a rising need for personal and business storage solutions. In 2024, this trend is expected to continue, with the market projected to expand further. Market Size and Growth In 2024, the global self storage market is estimated to reach a valuation of approximately $54 billion, reflecting a compound annual growth rate (CAGR) of 7.5% from 2019 to 2024. This growth is primarily attributed to the increasing demand for storage solutions in densely populated urban areas and the rise in e-commerce activities, which require additional space for inventory storage. Regional Analysis North America remains the largest market for self storage, accounting for nearly 60% of the global market share. The United States, in particular, dominates the region with over 50,000 self storage facilities. The mature market in ...