Cleveland, OH, January 22, 2019 — US self-storage and moving service revenues are forecast to grow 2.7% yearly in nominal terms through 2022, according to Self-Storage & Moving Services: United States, a report recently released by Freedonia Focus Reports. Advances will be driven by increased mobility nationwide, as residents and businesses are relocating at higher rates following the recession and extended expansion. Growth will also stem from the lack of storage space in many US homes as consumers accrue possessions. Faster gains in value terms will be restrained by increasing price competition, owing to low barriers to entry in many service segments.
These and other key insights are featured in Self-Storage & Moving Services: United States. This report forecasts to 2022 US self-storage and moving services demand in nominal US dollars. Total demand is segmented by type in terms of:
- climate-controlled self-storage
- not climate-controlled self-storage
- full-service moving
- DIY moving truck rental
Total revenues are segmented by market as follows:
To illustrate historical trends, total demand and the various segments are provided in annual series from 2007 to 2017.
Self-storage and moving services are defined here to include fixed and mobile self-storage as well as full-service moving and DIY truck rentals. Self-storage services also include those establishments offering boat, recreational vehicle, and automobile storage. In this report, “employees” are defined to include all those who work in the industry, whether owner/workers or employee/workers. Furthermore, both employer and nonemployer establishments are included in this report. The term “demand” – used interchangeably with “sales” – is defined as self-storage and moving service revenue.
More information about the report is available at: