Mobile Storage Services in the US - Market Research Report (2014-2029)

Extra Room: Residential Customers Are Expected to Drive Industry Demand

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The growth of the residential real estate sector has improved the Mobile Storage Services industry's fortunes during the five years. The residential market is the industry's largest revenue source, with demand dependent on existing home sales and housing starts. The industry also benefited from corporate market growth, although COVID-19 and the skyrocket of interest rates have resulted in significant volatility. Nonetheless, industry-wide revenue has been increasing at a CAGR of 1.2% over the past five years, including an estimated 4.4% decrease in 2023, and is expected to total $11.3 billion in 2023. In the same year, profit is projected to decrease to 14.2%.

This industry provides mobile self-storage services to consumers and commercial customers. This industry is different from the self-storage companies in the Storage and Warehouse Leasing industry in that companies provide customers with door-to-door pickup and delivery.