Christine Wachsman, director of market analytics at self-storage market data firm Startrack, says that the UK is Europe’s most developed self-storage market, with a 40% share of the total inventory stored in Europe.
The UK, for example, has over 5,000 storage locations to serve the demand for flexible storage solutions. The self-storage industry in Europe is expanding, with approximately $1 billion invested in the sector annually.
Self-storage used to be a small niche business, but has evolved to be a common part of modern life. The increasing demand for storage facilities is global. The USA has over 67,000 storage facilities with more than 3,600 new ones planned or being constructed.
A growing population and expanding commerce in Asia are driving demand for storage facilities. The storage sector in Australia and New Zealand is small but growing due to population increase, more home buying and older residents downsizing.
In Latin America, particularly in Colombia, Panama, and Brazil, many small businesses are using self-storage services as a flexible inventory solution. In South Africa, remote working is causing many to reevaluate their use of home space, and this has led to a demand for more self-storage.
In Dubai, many temporary workers are living in small flats and require storage facilities for their possessions.
The global trend is clear: smaller living spaces, urbanisation, increased mobility and remote work are accelerating the demand for self-storage.
For storage in the Liverpool area, contact us at Merseyside Movers & Storers. We’ll pick up your items and securely store them for you.
