The Demand for Portable Storage

Substantial & Growing Desire for Go Mini’s Products

When you’re deciding on opening your own business, one of the first questions you should probably ask yourself is what the demand is for the product you are selling. If there isn’t much demand, you’ll most likely encounter problems right out of the gate. At Go Mini’s, we offer both a product and a service whose demand is not only high but continually increasing. With the health of the housing market affecting the general demand for portable storage, all indicators point to continued robust activity.

After the economic crisis of 2008, the housing market stayed flat for two years. Then, in 2011, sales of existing homes began to improve, quickly returning to pre-2008 levels and now exceeding those numbers by more than 20 percent. According to the latest industry projections, the portable storage market size was valued at $7.5 billion in 2022 and is expected to reach $12.2 billion by 2030, growing at a 6.4% CAGR from 2024 to 2030.

• $7.5B Annual Revenue in 2022
• 6.4% Projected Annual Growth (2024-2030)
• $12.2B Projected Annual Revenue by 2030

The Robust Commercial Market

The commercial market continues to play a significant role, accounting for a notable portion of the industry’s revenue. Key drivers of demand in this segment include:

• Construction: Sustained growth with an increase in new projects as the economy rebounds.
• Retail: Expanding inventory needs as consumer activity rises.
• Industrial Sectors: Consistent need for flexible storage solutions.

These sectors combined make up the largest source of demand within the portable storage industry. As commercial vacancies decline and industrial activity increases, these trends indicate strong continued growth.

Additional Advantages

The portable storage unit industry remains relatively young, offering immense potential for new franchisees and business owners.

• Fragmented Market with Growth Potential:
  • The top four companies control only 17.7% of the market.
  • The largest company holds roughly 8% of the market share.

This fragmentation translates to incredible opportunities for prospective franchisees, as there is still significant room for new entrants to establish a foothold and expand rapidly.

Go Mini’s Positioning

Go Mini’s is uniquely positioned to capitalize on these growth trends, offering franchisees a high-demand product and service in a market poised for continued expansion. The combination of robust market growth, increasing demand across multiple sectors, and untapped potential in a young industry makes this an excellent opportunity for new business owners.

Take advantage of this growth potential see if there is an available territory near you