Global Vehicle Storage Unit Market to Hit Valuation of USD 22.85 Billion by 2032: Astute Analytica [Yahoo! Finance]
Public Storage (PSA)
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Source: Yahoo! Finance
Expect increased focus on specialized niches (luxury/classic), technology integration for convenience and security, and potential consolidation as larger players continue to expand their footprint. New Delhi, March 05, 2024 (GLOBE NEWSWIRE) -- Global vehicle storage unit market is projected to hit the market valuation of US$ 22.85 billion by 2032 from US$ 13.64 billion in 2023 at a CAGR of 5.89% during the forecast period 2024–2032. The long-term storage is booming. With the average rental period being 14 months, nearly half of the tenants stay for over a year. This reveals that vehicle storage has become more than just a quick and easy solution. It's not surprising that revenue has grown significantly as well. In 2023, self-storage businesses around the world earned $59.5 billion, which was a 3.6% increase from the year before and an astounding 75% increase since 2010. Small businesses are also heavily involved in this sector, making up 73% of facilities and controlling 52% of re
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PSA
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- 4/30/24 - Beat
PSA
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- 5/2/24 - Form 4
- 4/30/24 - Form 10-Q
- 4/30/24 - Form 8-K
- PSA's page on the SEC website