Domestic Storage Service Market Size (Total of Rental Storage, Container Storage and Trunk Rooms) for FY2018 Estimated to Rise by 6.7% to Attain 74,330 Million Yen
Yano Research Institute (the President, Takashi Mizukoshi) has conducted a survey on the domestic market of storage services (rental storage, container storage, and trunk rooms) and has found out the overview and perspectives of each market.
The domestic storage services market (total of rental storage, container storage and trunk room services) for FY2018 has rose by 6.7% to attain 74,330 million yen.
New market players, in addition to local large businesses, have proactively increased the storage service bases, which has expanded the entire market. Continued increase of storage service bases together with expanded demands stemming from improved awareness to general people has contributed to the steady market growth.
As of the end of December, 2018, the nationwide number of bases for rental storage, container storage, and trunk rooms have reached to 11,500. Within such bases the number of rooms or units countable for rental and container storages is estimated to be 525,000, an increase by about 20.0% from the last research conducted in June, 2016.
The number of rental and container storage units in contrast with the entire 58 million households, according to “Basic Resident Registration System” by the Ministry of Public Management, Home Affairs, Posts and Telecommunications as of the end of January 2018, has become 0.009 per household, which means that one in 110 households uses a storage space offered by the storage service providers.
When limiting to the Tokyo metropolitan areas (which include Tokyo, Chiba, Saitama and Kanagawa prefectures), there are 306,000 units for storage, almost 60 % of the entire number of units. When considering 17.490 million households in the metropolitan areas (according to “Basic Resident Registration System” as of the end of January 2018), the number of storage spaces used per household is 0.017, which means that one in 57 households uses a storage space from storage service providers.
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