Europe Self Storage Market OverviewÂ
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:
Self-storage is picking up speed in Europe as busy lifestyles, crowded cities, and online shopping change how people think about space at home and work. Many customers now look for quick and easy storage when they move, downsize, or start a remote job. That need cuts across young professionals in studio flats and retirees in smaller country homes, all of whom want room to breathe and a place for seasonal boxes or sporting gear. At the same time, ever-growing city populations push square-meter prices up and leave little room for extra cupboards or attics, making off-site lockers the clear next choice. A popular minimalist trend also encourages shoppers to own less but store more somewhere secure, while hybrid storage centers boost the appeal further by adding tech-savvy extras like digital inventories, around-the-clock gate codes, and temperature-sensitive wine racks. Small and large businesses catch the same wave, using rented lockers to stash brochures, leftover stock, or bulky printers they need only sometimes. Taken together, these shifts are turning self-storage from a nice-to-have moment into a vital piece of city life and infrastructure.
Self-storage facilities across Europe are evolving into agile neighbourhood hubs through smarter unit mixes and precise audience targeting. Compact lockers and medium sizes appeal to flat-sharers and students, while expansive bays support small firms needing space for packing, document retention and bulk order staging. E-commerce newcomers often rent a bay instead of a costly warehouse, keeping inventory close for speedy last-mile delivery. Usage has also diversified: art galleries store exhibitions, skiers stow gear during summer, and retailers tuck away off-season lines until demand peaks. To meet these trends, operators deploy smart solutions such as facial-recognition entry, high-res cameras, and live occupancy dashboards that reassure tenants and cut overhead. Digital-first consumers expect clarity, so online booking, instant access codes, and flexible monthly plans have become standard. Sustainability-literate shoppers reward greener brands, prompting many sites to install solar panels, retrofit LED lighting and use recycled concrete when expanding. By blending tailored space, online convenience and eco-engineering, Europes self-storage sector is steering towards a resilient, customer-centred future.
Across Europe, the United Kingdom still sits at the top of the self-storage scene, and several neighborhood trends are pushing that lead even further. Growing cities, dense populations, and ever-changing housing situations keep people looking for extra room to stow furniture, seasonal gear, or business files. In -London and its commuter belt, developers are stacking multistory sites higher and adding premium features, from climate control to 24-hour access, hoping to lock in long-term renters. Germanys booming export sector and nimble SMEs now need units that can keep freight moving without the red tape of big warehouses, so demand there is climbing fast. In France, Gallic students and apartment dwellers in places like Paris and Lyon are steadily renting boxes as tight flats leave nowhere for bicycles or holiday decorations. The Dutch and the Nordic nations are serving tech fanatics with app-door locks and sensor dashboards, letting customers check their stuff and operators pinpoint issues in real time. Farther south, Spanish and Italian hosts in the tourism boom lean on flexible cages as they juggle short-term linens, furniture, and once-per-season beach gear. With such a patchwork of regional habits, self-storage firms can customize services and steadily spread their networks, neighborhood by neighborhood. With new roads, smart-city ideas, and online tech coming together, Europes self-storage business is becoming a must-have, flexible service that cities everywhere can count on.
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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:Â 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:Â 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:Â 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:Â 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:Â 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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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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