diff --git a/src/Disks/IO/CachedOnDiskReadBufferFromFile.cpp b/src/Disks/IO/CachedOnDiskReadBufferFromFile.cpp
index b471f3fc58f..286d06bc424 100644
--- a/src/Disks/IO/CachedOnDiskReadBufferFromFile.cpp
+++ b/src/Disks/IO/CachedOnDiskReadBufferFromFile.cpp
@@ -645,8 +645,9 @@ void CachedOnDiskReadBufferFromFile::predownload(FileSegment & file_segment)
 
             ProfileEvents::increment(ProfileEvents::CachedReadBufferReadFromSourceBytes, current_impl_buffer_size);
 
+            std::string failure_reason;
             bool continue_predownload = file_segment.reserve(
-                current_predownload_size, settings.filesystem_cache_reserve_space_wait_lock_timeout_milliseconds);
+                current_predownload_size, settings.filesystem_cache_reserve_space_wait_lock_timeout_milliseconds, failure_reason);
             if (continue_predownload)
             {
                 LOG_TEST(log, "Left to predownload: {}, buffer size: {}", bytes_to_predownload, current_impl_buffer_size);
@@ -1002,7 +1003,8 @@ bool CachedOnDiskReadBufferFromFile::nextImplStep()
         {
             chassert(file_offset_of_buffer_end + size - 1 <= file_segment.range().right);
 
-            bool success = file_segment.reserve(size, settings.filesystem_cache_reserve_space_wait_lock_timeout_milliseconds);
+            std::string failure_reason;
+            bool success = file_segment.reserve(size, settings.filesystem_cache_reserve_space_wait_lock_timeout_milliseconds, failure_reason);
             if (success)
             {
                 chassert(file_segment.getCurrentWriteOffset() == static_cast<size_t>(implementation_buffer->getPosition()));
@@ -1028,7 +1030,8 @@ bool CachedOnDiskReadBufferFromFile::nextImplStep()
                     LOG_TRACE(log, "Bypassing cache because writeCache method failed");
             }
             else
-                LOG_TRACE(log, "No space left in cache to reserve {} bytes, will continue without cache download", size);
+                LOG_TRACE(log, "No space left in cache to reserve {} bytes, reason: {}, "
+                          "will continue without cache download", failure_reason, size);
 
             if (!success)
             {
diff --git a/src/Disks/IO/CachedOnDiskWriteBufferFromFile.cpp b/src/Disks/IO/CachedOnDiskWriteBufferFromFile.cpp
index 382c4a80cc4..103ae0e1832 100644
--- a/src/Disks/IO/CachedOnDiskWriteBufferFromFile.cpp
+++ b/src/Disks/IO/CachedOnDiskWriteBufferFromFile.cpp
@@ -91,7 +91,8 @@ bool FileSegmentRangeWriter::write(char * data, size_t size, size_t offset, File
 
         size_t size_to_write = std::min(available_size, size);
 
-        bool reserved = file_segment->reserve(size_to_write, reserve_space_lock_wait_timeout_milliseconds);
+        std::string failure_reason;
+        bool reserved = file_segment->reserve(size_to_write, reserve_space_lock_wait_timeout_milliseconds, failure_reason);
         if (!reserved)
         {
             appendFilesystemCacheLog(*file_segment);
diff --git a/src/Interpreters/Cache/FileCache.cpp b/src/Interpreters/Cache/FileCache.cpp
index 13c70b38543..b1a1f629b00 100644
--- a/src/Interpreters/Cache/FileCache.cpp
+++ b/src/Interpreters/Cache/FileCache.cpp
@@ -804,7 +804,8 @@ bool FileCache::tryReserve(
     const size_t size,
     FileCacheReserveStat & reserve_stat,
     const UserInfo & user,
-    size_t lock_wait_timeout_milliseconds)
+    size_t lock_wait_timeout_milliseconds,
+    std::string & failure_reason)
 {
     ProfileEventTimeIncrement<Microseconds> watch(ProfileEvents::FilesystemCacheReserveMicroseconds);
 
@@ -817,6 +818,7 @@ bool FileCache::tryReserve(
     if (cache_is_being_resized.load(std::memory_order_relaxed))
     {
         ProfileEvents::increment(ProfileEvents::FilesystemCacheFailToReserveSpaceBecauseOfCacheResize);
+        failure_reason = "cache is being resized";
         return false;
     }
 
@@ -824,6 +826,7 @@ bool FileCache::tryReserve(
     if (!cache_lock)
     {
         ProfileEvents::increment(ProfileEvents::FilesystemCacheFailToReserveSpaceBecauseOfLockContention);
+        failure_reason = "cache contention";
         return false;
     }
 
@@ -847,6 +850,7 @@ bool FileCache::tryReserve(
             LOG_TEST(log, "Query limit exceeded, space reservation failed, "
                      "recache_on_query_limit_exceeded is disabled (while reserving for {}:{})",
                      file_segment.key(), file_segment.offset());
+            failure_reason = "query limit exceeded";
             return false;
         }
 
@@ -877,6 +881,7 @@ bool FileCache::tryReserve(
         if (!query_priority->collectCandidatesForEviction(
                 size, required_elements_num, reserve_stat, eviction_candidates, {}, user.user_id, cache_lock))
         {
+            failure_reason = "cannot evict enough space for query limit";
             return false;
         }
 
@@ -891,11 +896,15 @@ bool FileCache::tryReserve(
     if (!main_priority->collectCandidatesForEviction(
             size, required_elements_num, reserve_stat, eviction_candidates, queue_iterator, user.user_id, cache_lock))
     {
+        failure_reason = "cannot evict enough space";
         return false;
     }
 
     if (!file_segment.getKeyMetadata()->createBaseDirectory())
+    {
+        failure_reason = "not enough space on device";
         return false;
+    }
 
     if (eviction_candidates.size() > 0)
     {
diff --git a/src/Interpreters/Cache/FileCache.h b/src/Interpreters/Cache/FileCache.h
index 07be802a940..efa504689eb 100644
--- a/src/Interpreters/Cache/FileCache.h
+++ b/src/Interpreters/Cache/FileCache.h
@@ -165,7 +165,8 @@ public:
         size_t size,
         FileCacheReserveStat & stat,
         const UserInfo & user,
-        size_t lock_wait_timeout_milliseconds);
+        size_t lock_wait_timeout_milliseconds,
+        std::string & failure_reason);
 
     std::vector<FileSegment::Info> getFileSegmentInfos(const UserID & user_id);
 
diff --git a/src/Interpreters/Cache/FileSegment.cpp b/src/Interpreters/Cache/FileSegment.cpp
index c46fb978ae4..cfbdfbaa257 100644
--- a/src/Interpreters/Cache/FileSegment.cpp
+++ b/src/Interpreters/Cache/FileSegment.cpp
@@ -502,7 +502,11 @@ LockedKeyPtr FileSegment::lockKeyMetadata(bool assert_exists) const
     return metadata->tryLock();
 }
 
-bool FileSegment::reserve(size_t size_to_reserve, size_t lock_wait_timeout_milliseconds, FileCacheReserveStat * reserve_stat)
+bool FileSegment::reserve(
+    size_t size_to_reserve,
+    size_t lock_wait_timeout_milliseconds,
+    std::string & failure_reason,
+    FileCacheReserveStat * reserve_stat)
 {
     if (!size_to_reserve)
         throw Exception(ErrorCodes::LOGICAL_ERROR, "Zero space reservation is not allowed");
@@ -554,7 +558,7 @@ bool FileSegment::reserve(size_t size_to_reserve, size_t lock_wait_timeout_milli
     if (!reserve_stat)
         reserve_stat = &dummy_stat;
 
-    bool reserved = cache->tryReserve(*this, size_to_reserve, *reserve_stat, getKeyMetadata()->user, lock_wait_timeout_milliseconds);
+    bool reserved = cache->tryReserve(*this, size_to_reserve, *reserve_stat, getKeyMetadata()->user, lock_wait_timeout_milliseconds, failure_reason);
 
     if (!reserved)
         setDownloadFailedUnlocked(lock());
diff --git a/src/Interpreters/Cache/FileSegment.h b/src/Interpreters/Cache/FileSegment.h
index 25ffb880b45..e90ebdbf8fe 100644
--- a/src/Interpreters/Cache/FileSegment.h
+++ b/src/Interpreters/Cache/FileSegment.h
@@ -201,7 +201,11 @@ public:
 
     /// Try to reserve exactly `size` bytes (in addition to the getDownloadedSize() bytes already downloaded).
     /// Returns true if reservation was successful, false otherwise.
-    bool reserve(size_t size_to_reserve, size_t lock_wait_timeout_milliseconds, FileCacheReserveStat * reserve_stat = nullptr);
+    bool reserve(
+        size_t size_to_reserve,
+        size_t lock_wait_timeout_milliseconds,
+        std::string & failure_reason,
+        FileCacheReserveStat * reserve_stat = nullptr);
 
     /// Write data into reserved space.
     void write(char * from, size_t size, size_t offset_in_file);
diff --git a/src/Interpreters/Cache/WriteBufferToFileSegment.cpp b/src/Interpreters/Cache/WriteBufferToFileSegment.cpp
index e6ebf6ad50c..e43bbacdbc5 100644
--- a/src/Interpreters/Cache/WriteBufferToFileSegment.cpp
+++ b/src/Interpreters/Cache/WriteBufferToFileSegment.cpp
@@ -75,7 +75,8 @@ void WriteBufferToFileSegment::nextImpl()
     FileCacheReserveStat reserve_stat;
     /// In case of an error, we don't need to finalize the file segment
     /// because it will be deleted soon and completed in the holder's destructor.
-    bool ok = file_segment->reserve(bytes_to_write, reserve_space_lock_wait_timeout_milliseconds, &reserve_stat);
+    std::string failure_reason;
+    bool ok = file_segment->reserve(bytes_to_write, reserve_space_lock_wait_timeout_milliseconds, failure_reason, &reserve_stat);
 
     if (!ok)
     {
@@ -84,9 +85,10 @@ void WriteBufferToFileSegment::nextImpl()
             reserve_stat_msg += fmt::format("{} hold {}, can release {}; ",
                 toString(kind), ReadableSize(stat.non_releasable_size), ReadableSize(stat.releasable_size));
 
-        throw Exception(ErrorCodes::NOT_ENOUGH_SPACE, "Failed to reserve {} bytes for {}: {}(segment info: {})",
+        throw Exception(ErrorCodes::NOT_ENOUGH_SPACE, "Failed to reserve {} bytes for {}: reason {}, {}(segment info: {})",
             bytes_to_write,
             file_segment->getKind() == FileSegmentKind::Temporary ? "temporary file" : "the file in cache",
+            failure_reason,
             reserve_stat_msg,
             file_segment->getInfoForLog()
         );