A new Skyquest report into the global self storage market predicts significant growth during the period of 2025 to 2032
Market analysis by Skyquest estimates the value of the global self storage market was 54.58 billion US dollars in 2023, and is forecast to grow to a value of 106.4 billion US dollars by 2032, a compound annual growth rate of 7.5%.
The UK is the largest self-storage market in Europe, with changes in lifestyles fueling demand. Many small to medium businesses are renting storage space.
A key driver of growth is technology developments, including automated access systems and smart facility management that make it easier for customers to access stored items and make the management of storage facilities more efficient.
There is a growing demand for climate-controlled storage for artwork, electronics and documents. The growth of ecommerce has created the need for extra storage space for inventory.
Artificial intelligence (AI) is expected to revolutionise self storage by automating how customers interact with storage facilities, taking control of booking space and access to stored items. AI can operate dynamic pricing systems where the cost of storage varies depending on demand patterns and spare capacity.
Increasingly, customers may only communicate with AI virtual assistants and robots.
If you prefer to discuss your requirements for storage in the Liverpool area with a real human, not a virtual one, contact Merseyside Movers & Storers. We’ll take your items and store them at our secure storage facilities until you need them again.
