Europe Self Storage Market Overview
Market Size in 2024: USD 26.6 Billion
Market Forecast in 2033: USD 34.7 Billion
Market Growth Rate: 3.0% (2025-2033)
According to the latest report by IMARC Group, the Europe self storage market size was valued at USD 26.6 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 34.7 Billion by 2033, exhibiting a CAGR of 3.0% from 2025-2033.
Europe Self Storage Industry Trends and Drivers:
Sustained development in the Europe self storage sector is being driven by increasing consumer lifestyles across the area and growing urbanization. Increasing population density within metropolitan areas is driving up demand for practical storage solutions, especially in crowded urban regions where living and commercial space is still limited. Self storage is becoming increasingly popular among customers as well as companies to solve space problems, maximize asset use, and keep corporate flexibility. The rise in e-commerce activities is also driving this need since merchants and logistics companies need safe and easy storage rooms to handle inventory and simplify distribution systems. Furthermore spurring the adoption of self storage services as necessary lifestyle enabler are changing consumer preferences toward minimalism, downscaling, and flexible living arrangements. Technological advancements including app-based bookings, automatic access controls, and improved security systems are also helping this changing market by enhancing the general user experience and operating effectiveness. To suit the sophisticated demands of different customer segments, including those from people keeping personal items to businesses needing scalable warehousing solutions, providers are extending storage unit sizes and characteristics. Combining this growing service portfolio with aggressive pricing tactics helps to increase market reach throughout both developed and developing European countries.
As companies see storage solutions as essential components of their operating infrastructure, the end-use sectors greatly influencing the Europe self storage market are expanding. To control surplus stock, seasonal goods, and equipment, small and medium-sized businesses (SMEs) are increasingly using self storage, therefore maximizing cash flow and lowering fixed expenses associated with warehouse ownership. Taking advantage of the market's adaptability and scalability, retailers and e-commerce firms are using storage facilities to help inventory turnover and last-mile delivery. Furthermore driving demand are residential users via decluttering projects, home improvements, and lifestyle changes including movement. Further raising the need for offsite storage options are real estate trends favoring smaller living spaces and co-living arrangements. Particularly for short-term storage needs and overflow inventory, industrial industries including manufacturing and logistics are using self storage to enhance conventional warehousing choices. The cross-industry adoption of this cross-industry cross-industrial adoption shows how the market is flexible and adaptable in tackling many space management issues. Regional developments and strategic alliances between storage companies and logistics firms are improving service accessibility and customisation, hence facilitating customised solutions matched to particular customer needs. All things considered, these end-use dynamics are helping to create a strong and consistently growing self-storage scene across Europe.
Led by its large urban population and strong e-commerce infrastructure, the United Kingdom is spearheading self storage expansion in Europe by concentrating on regional market forces. The highly populated cities of the nation are increasing spatial limitations, therefore motivating people and companies to look for additional storage solutions. Furthermore influencing demand for storage is the UK's changing consumer behavior, distinguished by a desire for flexible living spaces, temporary relocations, and minimalistic life. By raising residential density and decreasing available living space, government initiatives promoting urban redevelopment and mixed-use areas are indirectly supporting market growth. Other countries, including Germany, France, and the Netherlands, are seeing consistent self storage service uptake as their urban areas grow and industrial sectors improve inventory management. Rising logistics sector and robust manufacturing base in Germany are fueling commercial storage unit demand; France is benefiting from increasing knowledge and acceptance of self-storage in both domestic and corporate situations. With its active e-commerce industry and geographic advantage, the Netherlands is increasingly using self storage for supply chain efficiency. These regional trends together underpin a positive outlook for the Europe self storage industry, highlighting a diversified growth pattern shaped by population changes, technological developments, and changing space usage needs across the continent.
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Europe Self Storage Industry Segmentation:
The report has segmented the market into the following categories:
Analysis by Storage Unit Size:
- Small Storage Unit
- Medium Storage Unit
- Large Storage Unit
Analysis by End Use:
- Personal
- Business
Regional Analysis:
- Germany
- France
- United Kingdom
- Italy
- Spain
- Others
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players.
- Shurgard Self Storage SA
- Safestore Holdings PLC
- Self Storage Group ASA
- WP Carey Inc.
- SureStore Ltd
- Big Yellow Group PLC
- Access Self Storage
- Lok'nStore Limited
- Lagerboks
- 24Storage
- Casaforte
- Pelican Self Storage
Latest News and Developments:
- April 2025: Shurgard opened its first self-storage facility in Stuttgart, with 1,000 units ranging from 1.5 to 22.5 sqm. The EUR 17.1 million facility addressed the growing demand for premium storage. Shurgard also expanded its German presence, with several new projects reportedly planned in major cities.
- February 2025: Heitman acquired a majority stake in Servistore, a Swedish self-storage operator, which operates 31 sites across 14 cities. The acquisition aimed to enhance Servistore's technology-led, unmanned operations and expand its market leadership. Heitman manages over 600 self-storage assets globally.
- December 2024: PGIM Real Estate and Pithos Capital launched a joint venture in France to acquire and reposition self-storage assets. The venture, operating under the Zebrabox brand, aimed to develop and convert properties, and secured six assets as of December 2024.
- April 2024: SpaceGenie, a German self-storage company, opened its first facility in Hassloch, Germany. The company planned to expand with six more locations in the near-term and acquire 11 additional sites.
- April 2024: Shurgard acquired a UK-based Lok'nStore in a GBP 378 million deal, effectively doubling its presence in the UK. Lok'nStore operated 43 self-storage centers in England and Wales.
- January 2024: Ardian acquired a majority stake in Costockage, the leading self-storage marketplace in France. Costockage operates 10 centers and a digital platform enabling storage rentals from professionals and individuals. This acquisition supports Ardian's strategy to diversify into self-storage, a growing sector in France. Ardian will leverage its expertise to expand Costockage’s footprint, focusing on real estate acquisitions and transforming distressed properties. The deal aims to enhance Costockage’s offerings and capitalize on the growing demand for self-storage in France.
Key highlights of the Report:
- Market Performance (2019-2024)
- Market Outlook (2025-2033)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Strategic Recommendations
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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