The REIT Market is being driven by Increase in global demand for warehousing and storage facilities
The REIT Market is expected to grow at a CAGR of 3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 372.8 billion. In the business world, self-storage refers to the provision of rented spaces for storing various goods, including private rooms, lockers, box storage, and vehicle storage, to businesses and individuals. The surge in demand for self-storage solutions is driven primarily by industries such as pharmaceuticals, chemicals, e-commerce, food and beverages, automotive, electronics, and manufacturing. Self-storage facilities come in different types, with temperature-controlled units offering climate-specific conditions. For instance, climate-controlled self-storage units maintain temperatures between 60 and 80 degrees Fahrenheit, while specialized climate-controlled containers preserve temperature- and climate-sensitive products.
Get more information on REIT Market by requesting a sample report
The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
Rich Experience: 20+ years leading global market research, trusted insights across industries.
Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.
Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.
Market Scope |
|
Report Coverage |
Details |
Page number |
210 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3% |
Market growth 2025-2029 |
USD 372.8 billion |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
2.8 |
Key countries |
US, Canada, China, UK, Germany, Japan, India, France, Singapore, and Italy |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The REIT market encompasses various aspects of real estate investment, including property acquisition and disposition, leasing, maintenance, and building operations. Facilities management, property security, marketing, valuation, and financing are also integral parts. Real estate analytics, data, research, and trends drive investment decisions. Consulting, law, and regulations ensure compliance. Sustainability factors like environmental impact, social responsibility, ESG investing, and sustainable development are increasingly important. Urban regeneration through adaptive reuse, mixed-use development, and smart city initiatives are key trends.
The REIT market encompasses various sectors of real estate, including property management, real estate development, commercial real estate, residential real estate, retail properties, and office buildings. According to Technavio's market analysis, the global specialized consumer services market generates revenue from providers of residential services, home security services, legal services, personal services, renovation and interior design services, consumer auction services, wedding services, and funeral services. Technavio's report calculates the market size based on the revenues of these specialized service providers, excluding those in the casino and gaming, hotel, resorts, and cruise lines; leisure facilities; restaurants; and education services industries.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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/
Safe and Secure SSL Encrypted