Self Storage Industry Figures
According to a recent report from IBISWorld, the Australian self storage industry is worth an incredible $1.1billion.
With established major players such as Kennards, Storage King & National Storage dominating about a third of the market, that leaves a significant percentage of the industry to local small storage businesses such as Gold Coast storage experts Elite Container Storage.
In the report, senior industry analyist Tristian Williams says:
“the industry has benefited from several factors, including the fact that more Australians are moving to major cities and into smaller apartments or townhouses. The report found there was an increasing demand from people relocating short-term for work or study.
Demand from business, especially smaller online retailers who need somewhere to store stock, has also risen in the past five years, he says.”
Read the full report here – https://www.ibisworld.com.au/industry/self-storage-services.html
This creates an intriguing landscape in the self storage market with many fragmented local markets.