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Self-Storage and Moving Services Market to Grow by USD 58.12 Billion (2025-2029), Driven by Global Real Estate Investments and AI-Powered Market Evolution – Technavio

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NEW YORK, Jan. 8, 2025 /PRNewswire/ — Report on how AI is driving market transformation – The global self-storage and moving services market size is estimated to grow by USD 58.12 billion from 2025-2029, according to Technavio. The market is estimated to grow at a CAGR of almost 9.3%  during the forecast period. Growing real-estate investments globally is driving market growth, with a trend towards emergence of cloud-based self-storage and moving services software and mobile applications. However, steep competition due to fragmented marketplace and lack of adoption rate in emerging economies  poses a challenge. Key market players include Big Yellow Group, CubeSmart LP, Extra Space Storage Inc., Kennards Self Storage, Life Storage, Men On The Move, Mid West Moving and Storage Inc., MYMOVE LLC, National Storage, PODS Enterprises LLC, Public Storage, Ready Steady Store Ltd., Safestore Holdings plc, Schroders plc, SIRVA Worldwide Inc., Spacer, The Box, and U Haul International Inc..

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Self-Storage And Moving Services Market Scope

Report Coverage

Details

Base year

2024

Historic period

2019 – 2023

Forecast period

2025-2029

Growth momentum & CAGR

Accelerate at a CAGR of 9.3%

Market growth 2025-2029

USD 58122.2 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

7.9

Regional analysis

North America, Europe, APAC, South America, and Middle East and Africa

Performing market contribution

North America at 60%

Key countries

US, Canada, Germany, UK, China, France, Japan, India, Spain, and South Korea

Key companies profiled

Big Yellow Group, CubeSmart LP, Extra Space Storage Inc., Kennards Self Storage, Life Storage, Men On The Move, Mid West Moving and Storage Inc., MYMOVE LLC, National Storage, PODS Enterprises LLC, Public Storage, Ready Steady Store Ltd., Safestore Holdings plc, Schroders plc, SIRVA Worldwide Inc., Spacer, The Box, and U Haul International Inc.

Market Driver

Cloud-based self-storage solutions, also known as software-as-a-service (SaaS), are increasingly adopted by vendors due to their cost-effective and centralized database advantages. These solutions, hosted online, eliminate the need for vendors to manage IT infrastructure. With the ability to import data from multiple geographies and flexible access to information, these solutions are gaining popularity in the self-storage and moving services market. The market’s growth is further driven by the launch of mobile apps by industry players and the economic and operational benefits of cloud-based solutions over traditional on-premises software. During the forecast period, the share of cloud-based self-storage software is projected to expand significantly. 

Self-Storage and Moving Services Market: Trends and Insights The Self-Storage and Moving Services Market is experiencing significant growth, driven by the increasing demand for flexible storage solutions and seamless moving experiences. Key trends include: 1. Self-Storage: Growing popularity of both climate-controlled and non-climate-controlled storage options, with fixed and mobile solutions (rooms, containers) catering to various needs. 2. Moving Services: Local, interstate, and international moving services, full-service moving, DIY truck rentals, and mileage charges are shaping the market. 3. Moving Services Technology: Cloud-based services, mobile apps, contactless payments, smart devices, and big data are transforming the moving and storage industries. 4. Moving Services for Specific Groups: College campuses, military bases, urban areas, renters, and businesses (additional storage space, surplus stock, inventory) are key customer segments. 5. Industrial Automation: Automation and industrial processes are streamlining self-storage and moving services, enhancing efficiency and customer experience. 6. Online Auctions: The rise of online auctions for buying and selling storage units and moving services is another emerging trend. In conclusion, the Self-Storage and Moving Services Market is a dynamic and evolving industry, with a focus on customer convenience, technology integration, and innovation. 

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 Market Challenges

•         In the self-storage and moving services market, competition is intense, particularly in developed economies where local facilities dominate the scene. Vendors must contend with similar marketing channels and less differentiated products. The top five US vendors accounted for only 31.2% of the market revenue in 2021, leaving 68.8% to numerous regional and local competitors. The self-storage market penetration in emerging economies like China, South Africa, India, and Brazil remains low, with self-storage adoption rates in Beijing and Shanghai being just 7% of Hong Kong’s. Challenges include customer resistance to self-storage solutions, insufficient infrastructure, and low urbanization rates in these countries. These factors will impact the growth of the global self-storage and moving services market significantly during the forecast period.

•         The self-storage and moving services market face various challenges. Containers and fixed storage units require significant investment for acquisition and maintenance. Mobile storage solutions, including trailers and portable units, offer flexibility but come with higher operating costs. Climate-controlled storage is essential for certain items but adds to the expense. Not climate-controlled storage may not meet customer demands, leading to lower occupancy rates. DIY truck rentals and mileage charges can impact profitability. College campuses, military bases, urban areas, and renters present growth opportunities. New business creation, value storage, and additional space needs drive demand. Industrial automation, online auctions, contactless payments, smart devices, and big data are transforming the industry. Storage facilities must adapt to meet the needs of retail businesses, surplus stock, inventory, and refurbishing projects. Moving offices and managing moving services also present challenges and opportunities.

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Segment Overview 

This self-storage and moving services market report extensively covers market segmentation by  

Type 1.1 Self-storage1.2 Moving servicesService 2.1 Climate-controlled self-storage2.2 Full-service moving2.3 Non-climate controlled self-storage2.4 DIY moving truck rentalGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Self-storage-  Self-storage is a business that rents out storage units on a short-term basis for individuals and businesses. These units come in various sizes and types, including standard rooms and climate-controlled options, catering to diverse requirements and budgets. Self-storage has gained traction in developing countries due to urbanization and the need for additional storage space. Key features of self-storage include flexibility, convenience, and security. Tenants can easily access their belongings at any time, and the facilities offer 24/7 surveillance and secure access. Self-storage units are ideal for seasonal items, excess inventory, or documents that require protection. The market growth is driven by increasing urbanization, a rise in the number of small businesses, and the need for additional space in both residential and commercial sectors.

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Research Analysis

The self-storage and moving services market caters to individuals and businesses in need of short-term or long-term storage solutions and professional moving assistance. Services include Local Moving, Interstate Moving, and International Moving. Self-Storage offerings range from Fixed Self-Storage units in warehouses to Mobile Self-Storage for smaller homes, apartments, and even industrial automation. Moving Services encompass Full-Service Moving, DIY truck rentals, and Moving Insurance. Homeownership rates influence the demand for moving services, while college campuses and military bases are significant markets for student and military relocations. Urban areas, renters, and the growing trend of downsizing also contribute to market growth. Innovations like truck rentals, online auctions, smart devices, and cloud technology further enhance the customer experience.

Market Research Overview

Self-Storage Services and Moving Services: Two Essential Solutions for Your Moving and Storage Needs Self-Storage Services: Self-Storage is an essential solution for individuals and businesses requiring extra space to store their belongings. Self-Storage facilities offer various types of storage units, including fixed and mobile, climate-controlled and non-climate-controlled, rooms, containers, and even mobile homes. These spaces cater to different needs, from smaller homes and apartments to larger industrial requirements. Self-Storage is also popular among college campuses, military bases, and urban areas where space is at a premium. Moving Services: Moving Services encompass local, interstate, and international moving, as well as moving truck rentals. Full-service moving companies offer assistance with packing, loading, and unloading, while DIY truck rentals allow for more control over the moving process. Mileage charges apply to moving services, and additional options include moving insurance, climate-controlled trailers, and mobile storage containers. Moving Services are crucial for renters, new business creation, and businesses requiring additional storage space or surplus inventory. Modern advancements in Self-Storage and Moving Services include cloud-based services, contactless payments, smart devices, and big data analysis to optimize storage and moving processes. Storage facilities also offer value-added services like refurbishing and moving offices. Overall, Self-Storage Services and Moving Services cater to a wide range of needs, ensuring a seamless transition for individuals and businesses alike.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TypeSelf-storageMoving ServicesServiceClimate-controlled Self-storageFull-service MovingNon-climate Controlled Self-storageDIY Moving Truck RentalGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Zoomlion Smart Industrial City Achieves Full Solar Integration, Setting a Green Benchmark for the Industry

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CHANGSHA, China, Jan. 9, 2025 /PRNewswire/ — Zoomlion Heavy Industry Science & Technology Co., Ltd. (“Zoomlion”, 1157.HK) announced that the rooftop distributed photovoltaic (PV) project at the Mobile Crane Machinery Park of Zoomlion Smart Industrial City has successfully connected to the grid, marking the achievement of full-capacity solar power integration. With this milestone, all parks within the Smart Industrial City now operate entirely on green energy, setting a new benchmark for sustainability in the industry.

The distributed PV system at Zoomlion Smart Industrial City spans across four major parks: Concrete, Mobile Crane, Earthmoving Machinery and Aerial Work Platform. Covering a total installation area of 400,000 square meters, the solar power system now boasts a total capacity of 85 MWp, with an annual electricity output of 65.6 million kWh. This is equivalent to saving 21,500 tons of standard coal and reducing carbon dioxide emissions by 65,400 tons annually, underscoring Zoomlion’s commitment to energy conservation and low-carbon development.

The rooftop PV system at Zoomlion Smart Industrial City is one of the largest in the industry, generating clean energy that not only lowers operating costs but also supports the company’s high-quality development goals. Moreover, the project enables Zoomlion to apply for more than 6,500 green certificates annually, enhancing the export potential of its products by aligning with international green standards.

Zoomlion has taken a leadership role in promoting green development across its operations. Beyond its industrial parks, Zoomlion has embedded sustainability into its core technological development strategy, advancing foundational research in green technologies. Through green design, manufacturing, management, and standardization, the company is contributing to global sustainable development initiatives.

In 2024, the company implemented comprehensive energy-saving and emission-reduction measures, achieving green transformation from production to product delivery. Zoomlion has significantly expanded its lineup of new energy products to meet diverse market demands. The Aerial Work Platform product line now features over 90% coverage in new energy models.

By leveraging advanced digital and intelligent technologies, Zoomlion has also propelled green transformations across its supply chain and industry ecosystem. The company continues to lead the establishment of green standards, driving the machinery industry towards sustainable and circular growth.

With its ongoing efforts to enhance productivity and empower intelligent manufacturing, Zoomlion is paving the way for a greener future in the machinery industry.

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LIVE from CES 2025: FOSSiBOT Unveils Disruptive Energy Storage and Rugged Smartphones

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LAS VEGAS, Jan. 9, 2025 /PRNewswire/ — CES 2025 is in full swing in Las Vegas, and FOSSiBOT, a rising star in portable power and rugged devices, is making waves with its latest innovations. A standout product is their high-capacity 5kWh home energy storage system, poised to revolutionize the home energy landscape and redefine industry standards.

CES 2025 Floor: FOSSiBOT’s 7200W Home Energy System Steals the Show

FOSSiBOT is showcasing a powerful 7200W home energy storage system with a substantial 5kWh capacity at CES 2025. Designed to provide reliable backup power, reduce reliance on the traditional grid, and even enable energy self-sufficiency, this system is drawing crowds at the global tech event.

The Significance of 7200W and 5kWh:

7200W Power: This robust output can simultaneously power high-demand appliances like air conditioners, induction cooktops, and electric water heaters, ensuring essential needs are met during power outages. This is a significant power level for the home energy market.5kWh Capacity: This is a key differentiator. In a market dominated by 1-3kWh systems, 5kWh offers significantly extended runtime. For instance, it can power a 90W refrigerator for over 55 hours or a 700W air conditioner for over 7 hours. This capacity sets a new benchmark for home energy storage.

Looking Ahead: FOSSiBOT Developing Balcony Solar Solutions

According to FOSSiBOT, the company is actively developing integrated balcony solar solutions designed to enable users to harvest and store solar energy for greater energy independence. While not on display at CES, FOSSiBOT states this technology is a key focus for future development.

FOSSiBOT’s existing portable power station lineup is also on display, including the F1200 (emphasizing portability), the F2400 (offering increased capacity and higher output), and the flagship F3600 Pro (with advanced features and expandability), showcasing the company’s expertise in portable energy solutions and laying the groundwork for its expansion into the home energy market.

Smartphone Highlights at CES 2025: The S3 Pro Makes a Splash

In the smartphone arena, the recently launched S3 Pro, featuring a vibrant AMOLED display, is making a strong impression at CES 2025, offering attendees a premium visual experience. The unique rear display is also attracting considerable attention. The S3 Pro is available at a competitive price on the FOSSiBOT website.

Existing models like the F106 Pro (combining a large speaker with a 3W camping light) and the F109 (a 5G rugged phone) are also garnering attention at CES 2025 for their reliable performance and distinct features.

The Upcoming F112 Pro: Style Meets Ruggedness Takes Center Stage at CES 2025

The highly anticipated F112 Pro has made its official debut at CES 2025. Blending portability, ruggedness, and stylish design, it features a 6.88-inch HD+ waterdrop display and multiple color options, quickly becoming a focal point on the show floor.

CES 2025: FOSSiBOT Showcases Innovation and Seeks Partnerships

FOSSiBOT’s presence at CES 2025 underscores its commitment to innovation in both the energy storage and smartphone sectors, as the company actively seeks partnerships with global retailers, distributors, and resellers.

FOSSiBOT’s showing at CES 2025 is impressive, and its 5kWh home energy system and new smartphones are poised to make a significant impact on the market.

 

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Persistent Introduces Pi-OmniKG with Google Cloud

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Accelerating biomedical research with AI-driven solutions

SANTA CLARA, Calif. and PUNE, India, Jan. 9, 2025 /PRNewswire/ — Persistent Systems (BSE: 533179) (NSE: PERSISTENT), a global leader in Digital Engineering and Enterprise Modernization, today announced the launch of Pi-OmniKG, an advanced AI-driven knowledge graph solution developed with Google Cloud technology. ‘Omni’ signifies the ability to universally handle diverse data, and ‘KG’ stands for Knowledge Graphs powered by GenAI. This innovative solution empowers healthcare and life sciences (HCLS) organizations to accelerate biomedical research, streamline data mining processes, and deliver insights with greater speed and accuracy.

Biomedical research is often hindered by time-consuming and labor-intensive data mining workflows. Legacy systems struggle to incorporate and analyze diverse datasets effectively, delaying the generation of actionable insights critical for HCLS enterprises. Pi-OmniKG addresses these challenges by modernizing data integration processes, creating a holistic knowledge base to decipher complex relationships, allowing researchers to make faster, evidence-based decisions by unlocking hidden insights. Furthermore, Pi-OmniKG enables direct querying of structured and unstructured internal data assets, alone or in combination with external data.

Key benefits of the solution include:

Reducing hypothesis generation time, empowering researchers to make faster, evidence-based decisions.Speeding up data processing, leading to improved research efficiency.Seamlessly integrating diverse data types, files, and sources from public and private datasets, creating a unified knowledge base.Incorporating reusable components with built-in flexibility to meet specific client needs for smart decision support.

Pi-OmniKG is built using Google Cloud’s advanced technologies — including the Vertex AI platform, BigQuery, and Cloud SQL — leveraging GenAI capabilities to streamline workflows, standardize data, and enable seamless integration of structured and unstructured datasets. Its intuitive interface allows researchers to query and visualize data, uncovering novel relationships and delivering high-quality insights backed by authentic citations. 

Persistent has been working with Google Cloud’s cutting-edge AI and cloud technologies for over a decade to deliver transformative solutions that address complex industry challenges. The launch of Pi-OmniKG builds on the Strategic Partnership Agreement Persistent announced in June 2024, which strengthens the collaboration between the two organizations to support Persistent’s development of AI-driven solutions across industries. It exemplifies Persistent’s vision of providing a smarter, faster, and more accessible way for HCLS organizations to process biomedical data and drive innovation.

Ganesh Nathella, Senior Vice President and General Manager – HCLS Business, Persistent

“In an era where data-driven insights are vital to accelerating drug discovery, clinical research, and patient-centric care, the challenges of managing vast and complex datasets often impede progress in biomedical R&D. At the intersection of technology and life sciences, our collaboration with Google Cloud enables us to deliver transformative solutions tailored to this industry’s unique needs with a data-first approach. Pi-OmniKG enables life sciences organizations to streamline workflows, leverage data, and drive breakthroughs with precision. Together, we are advancing the capabilities of researchers and research organizations to address critical challenges and accelerate progress across the healthcare and life sciences ecosystem.”

Shweta Maniar, Global Leader, Healthcare & Life Sciences Solutions & Strategy, Google Cloud

“As the volume and complexity of biomedical data continue to grow, researchers need smarter tools that unlock the true potential of this data. Pi-OmniKG, powered by Google Cloud’s GenAI capabilities, showcases how AI can empower organizations to drive faster discoveries, bring therapies to market sooner, and advance global healthcare innovation. This collaboration with Persistent underscores our shared commitment to enabling breakthroughs in life sciences.”

About Persistent

Persistent Systems (BSE & NSE: PERSISTENT) is a global services and solutions company delivering Digital Engineering and Enterprise Modernization to businesses across industries. With over 23,200 employees located in 19 countries, the Company is committed to innovation and client success. Persistent offers a comprehensive suite of services, including AI-enabled software engineering, product development, data and analytics, CX transformation, cloud computing, and intelligent automation. The Company has been recognized as the “Most Promising Company” of the Year by CNBC-TV18 at the 2023 India Business Leader Awards. Persistent has achieved carbon neutrality, reinforcing its commitment to sustainability and responsible business practices. As a participant of the United Nations Global Compact, the Company is committed to aligning strategies and operations with universal principles on human rights, labor, environment, and anti-corruption, as well as take actions that advance societal goals. With 327% growth in brand value since 2020, Persistent is the fastest-growing IT services brand in the 2024 Brand Finance India 100 Report.

www.persistent.com

Forward-looking and Cautionary Statements

For risks and uncertainties relating to forward-looking statements, please visit persistent.com/flcs

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