The global temporary storage buildings market is estimated to be around USD 2767.1 million in 2023, sales of temporary storage buildings are estimated to grow at 6.1% CAGR from 2023 to 2033 and reach USD 5,002.4 million by 2033.
Growing industrialization around the globe is resulting in a need for storage space to store tools, equipment, and raw materials at one given space. This surges the demand for temporary storage buildings in the future.
Temporary storage buildings are swift and easy arrangements that are widely used for storage-based applications. These storage spaces are easy to set up as they do not need any concrete foundation or brick walls. Overall, these storage buildings are cost-efficient and contemporary.
At the same time, they are the flexible, long-lasting substitutive solution. Moreover, it is easily dismantled and repositioned between worksites to fulfill future requirements.
Temporary storage buildings are also termed temporary warehouses or temporary sheds. These storage building structures are made from galvanized steel frames for high-quality structural integrity, which are covered with flame-retardant PVC vinyl fabric.
Globally, the adoption of temporary storage buildings is growing as these virtually accommodate any size and are used in numerous industries. Temporary outdoor sheds are upgraded by adding features such as flooring, specialty doors, HVAC systems, and a lot more, depending on the needs.
Trend analysis of the temporary storage buildings business suggests that the global market is predicted to bloom due to its several applications across industries such as retail stores and factory outlets, winter protection for livestock, storage space harvesting in the agricultural sector, temporary buildings for car shows, and construction equipment storage at construction sites.
Most of the temporary storage buildings are made of waterproof materials, therefore making them safe for storing items in extreme weather conditions. However, storage sheds made out of wood and metal are vulnerable to rotting due to water. Therefore it is vital to invest in waterproofing solutions.
| Attributes | Details |
|---|---|
| Temporary Storage Buildings Market CAGR (2023 to 2033) | 6.1% |
| Temporary Storage Buildings Market Size (2023) | USD 2,767.1 million |
| Temporary Storage Buildings Market Size (2033) | USD 5,002.4 million |
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Market valuation exceeds from USD 2,241.86 million in 2018 to USD 2,642.9 million in 2022, expanding with a CAGR of 4.2% during this period.
The primary driver of the market expansion for temporary storage structures is the expansion and production of goods. This is due to increased consumer demand in end-use sectors, where fierce competition has forced management to reduce operating costs in production and inventories. Moreover, rising building material costs and high inventory costs support the need for temporary storage facilities.
4 Driving Factors Governing The Temporary Storage Buildings Market
| Country | Market Share (2023) |
|---|---|
| United States | 24.4% |
| Germany | 5.2% |
| Japan | 4.0% |
| Australia | 1.5% |
North America is said to gather a 25.8% market share in the global temporary storage buildings industry. Extensive applications of a temporary storage building in the manufacturing industry. In North America, a key country like the United States has been experiencing considerable growth in the manufacturing units, pharma units, retail sector, etc.
Moreover, the key players who are constantly focused on the expansion of their facilities are based in this region. This factor primarily contributes to the lucrative growth of the North American market.
| Country | Market CAGR (2023 to 2033) |
|---|---|
| China | 6.9% |
| India | 7.1% |
The Asia Pacific is predicted to portray considerable growth during the forecast period due to initiatives from governments in countries like China and India to encourage manufacturing. This factor contributes to the lucrative growth of the market.
Also, Asia Pacific has an increasing presence of extremely well-organized retail distribution networks, which has empowered manufacturers to establish their production units in Asia Pacific countries like India and China. Lastly, the thriving industrial base in both countries is increasing spending on warehousing and storage facilities, which is therefore resulting in the expansion of the Asia Pacific temporary storage buildings sector.
Stuf is a novel start-up which transforms basements and several other unused spaces into self-storage locations. The company recently raised D1.8 million in seed funding. Co-founder and CEO Katharine Lau earlier led the real estate team at a co-working company, industrious.
She became interested in the self-storage industry during earlier months of the pandemic. This start-up business partners with commercial property owners to transform the unused place into self-storage and have added two locations in San Francisco and Oakland, California.
Some of the key players in the network security firewalls market are RÖDER HTS HÖCKER GmbH, Shelter Tent Manufacturing Co., Ltd, Spaciotempo, Portable Venues (Group) Ltd, Big Top Manufacturing, MAHAFFEY FABRIC STRUCTURES, Losberger US LLC, USA, Kopron Spa, MegaDome Buildings, and Milestones Building & Design.
Furthermore, several key market players in the global market sector are now more focused on setting-up effective joint ventures, acquisitions, and/or collaborations to expand their individual customer bases.
In August 2017, Mahaffey Fabric Structures, a United States based leading provider of temporary turnkey structures and shelter solutions, announced the acquisition of over USD 24.2 million in assets from Classic Party Rentals, including structure frame, tents, fabric pieces, and specialty structures.
Key players
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The global temporary storage buildings market value is estimated to reach USD 2,767.1 million in 2023.
Roder HTS, Spaciotempo and Shelter Tent are some top players in this market.
The regional market share of the United States in 2023 is expected to be around 24.4%.
India may witness an astounding 7.1% CAGR until 2033.
The demand for temporary storage buildings in China could witness 6.9% CAGR through 2033.
| Estimated Market Share in 2023 | USD 3,435.2 million |
|---|---|
| Forecasted Market Size by 2033 | USD 4,940.1 million |
| Projected Market CAGR (2023 to 2033) | 3.7% CAGR |
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