The Scandinavia Self-Storage Market was valued at USD 247.2 million in the previous year and is expected to grow at a CAGR of 7.19%, reaching USD 365.98 million by the next five years.Self-storage was introduced in Scandinavian countries such as Norway in the early 1990s and grew slowly before it started to really bloom in previous few years. The industry is growing rapidly, with new facilities all over the region.
The Scandinavia Self-Storage Market industry is fragmented, with smaller autonomous operators owning and managing most facilities. The market consists of many significant players, in terms of demand, few of these members currently dominate the market. These operatives are consistently producing new storage buildings across the region. Also, the organizations are making direct investments in self-storage real estate assets through joint ventures or partnerships. The growth in this industry is anticipated to be positive, during the forecast period, due to the trends of progressed urbanization and updated economic outlook, across Scandinavia, which has led to further business growth.
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