Locked up: Increased per capita disposable income will sustain industry revenue growth

Substantial growth in this industry has been underpinned by boom in multi-family residential construction. Additionally, the total number of businesses, a key purchaser of industry services, has expanded during the current period resulting in strengthening demand. IBISWorld expects growth in the domestic Storage and Warehouse Leasing industry to remain steady over the next five years, albeit from a low base. Primary demand drivers, such as per capita disposable income and the number of businesses, are projected to continue to improve and a growing number of baby boomers (adults aged 65 and older) will enter retirement, increasing their probability of using self-storage facilities...read more.

Industry Statistics & Market Size
Annual Growth 14-19
Forecast Growth 19-24
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Per capita disposable income and the number of businesses will rise, boosting revenue growth
  • The industry is highly fragmented, with the top four companies holding a small share of the market
  • Baby boomers will use more self storage as they move into smaller accommodations
  • Industry Report - Industry Investment Chapter

    The Storage and Warehouse Leasing industry in Canada exhibits a high level of capital intensity. For every dollar spent on wages, the average industry operators spends an estimated $0.84 on capital expenses. In 2019, wages are expected to make up 15.9% of revenue, whereas depreciation is estimated to account for 13.3% of revenue.Capital costs are associated with the purchase of storage unit properties, including land, buildings and equipment. Storage companies must purchase security systems, office furniture, computer technology and software to run their facilities. Cap...purchase to read more.

    Additional Insights for the Storage & Warehouse Leasing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Storage & Warehouse Leasing Industry are

  • Economies of scale
  • Proximity to key markets
  • Economies of scope
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Number of businesses in the Storage & Warehouse Leasing industry impact industry performance..

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    What's in this report

    What is the Storage & Warehouse Leasing Industry?

    Operators in this industry primarily rent or lease self-storage space. Industry operators provide spaces where customers can store and retrieve their belongings at their convenience. Industry storage units include rooms, compartments, lockers, containers and outdoor space.

    Industry Products
  • 5-by-5-foot storage spaces
  • 5-by-5-foot storage spaces
  • 10-by-10-foot and 10-by-15-foot storage spaces
  • 10-by-20-foot and 10-by-25-foot storage spaces
  • 10-by-30-foot and 20-by-20-foot storage spaces
  • Industry Activities
  • Leasing or rental of mini-warehouses and self-storage units
  • Rental of self-storage warehousing
  • Rental of coin-operated lockers
  • U-lock storage
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Number of businesses
  • Rental vacancy rate
  • Number of adults aged 65 and older
  • Demand from public storage and warehousing

  • Current Performance
  • Self-storage boom
  • Operating conditions
  • Technology and regulation
  • Chart: Revenue Growth

  • Industry Outlook
  • More growth
  • Operating conditions improve
  • New developments
  • Table: Storage & Warehouse Leasing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Storage & Warehouse Leasing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Beer, Wine & Spirits Wholesaling in Canada
  • Men's Clothing Stores in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Audio & Video Equipment Manufacturing in Canada
  • Industrial Building Construction in Canada
  • Land Development in Canada

  • Products & Services
  • 10-by-10-foot and 10-by-15-foot storage spaces
  • 5-by-5-foot storage spaces
  • 10-by-20-foot and 10-by-25-foot storage spaces
  • 5-by-5-foot storage spaces
  • Other
  • 10-by-30-foot and 20-by-20-foot storage spaces
  • Chart: Storage & Warehouse Leasing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Long-term residential tenants
  • Commercial tenants
  • Short-term residential tenants
  • Military tenants
  • Student tenants
  • Chart: Major Market Segmentation for the Storage & Warehouse Leasing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationRent and utilitiesOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Storage & Warehouse Leasing

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Storage & Warehouse Leasing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Storage & Warehouse Leasing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Storage & Warehouse Leasing Industry
  • Industry Revenue (2010-2024)
  • Industry Gross Product (2010-2024)
  • Establishments (2010-2024)
  • Businesses (2010-2024)
  • Employment (2010-2024)
  • Wages (2010-2024)
  • Rental vacancy rate (2010-2024)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • In law, a lien is a form of security interest granted over an item of property to secure the payment of a debt or performance of some other obligation.
  • Miniwarehouse
  • A facility designed or operated exclusively for the storage of goods in individual compartments or rooms, none of which exceeds 500 square feet in area.
  • Real Estate Investment Trust (Reit)
  • A legal entity that uses pooled investor capital to purchase and manage income property or mortgage loans. To qualify, the entity must distribute at least 90.0% of taxable income.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Storage & Warehouse Leasing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
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    This report on Storage & Warehouse Leasing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Storage & Warehouse Leasing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Storage & Warehouse Leasing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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