The market of furniture cabinets - Germany

1.1 Scope of the study

Furniture storage facilities are special premises where furniture and other items are stored more or less temporarily. The premises vary greatly and can range from a simple locker to part of a warehouse. Services also vary between simple storage, where furniture is not accessible, and self-storage, where customers can access their goods at any time.

The industry includes a wide range of facilities. These include self-storage facilities, where customers can store their own furniture in a partitioned room or container. Full-service furniture storage facilities are also very popular. This type of furniture storage facility involves personnel who pick up the furniture, pack it securely and store it in a secure warehouse. Inaddition, the furniture storage market also includes services such as transportation of furniture to and from the warehouse, insurance options, packing materials, and sometimes even help with furniture assembly and disassembly.

So, on the supply side, the furniture storage market concerns specialists in renting rooms that offer storage of furniture for a very different duration, from a few days to several months. These rooms are also very different in size, ranging from simple lockers to small warehouses.

The demand corresponds to more and more different target groups that want to store not only furniture but also other items. Therefore, in this study we will also discuss solutions for storing other types of items than furniture according to the current market development.

The global market for furniture storage isgrowing: between 2018 and 2028, it is expected to increase at an average growth rate of 5.76%. Mainly due to the COVID-19 pandemic, the market has gained importance in recent years. The market remains extremely fragmented despite mergers and acquisitions by industry leaders such as Shurgard Self-Storage S.A.. The top ten European providers have around 23% of the total number of facilities and 39% of the available space. The use of furniture storage is extremely widespread in the United Kingdom, which accounts for about half of all European facilities. France and Spain complete the European podium ahead of the Netherlands, Germany and Sweden.