Vietnam Self-Storage Market Report and Forecast 2025-2034

Vietnam Self-Storage Market Size

The Vietnam self-storage market is projected to grow at a CAGR of 4.3% between 2025 and 2034. The market is being driven by rapid urbanisation and the increasing focus of businesses to reduce their rental expenses.

Vietnam Self-Storage Market Outlook

• In 2021, the country's urbanisation rate reached 40%, with 870 urban areas showing a growing demand for housing, leading to a higher demand for self-storage solutions.

• Self-storage facilities are a convenient solution for businesses, especially in the retail and e-commerce sector. Vietnam's online retail sales increased by 20% in 2020, reaching $11.8 billion, according to the Ministry of Industry and Trade.

• Urban areas in Vietnam, especially Hanoi and Ho Chi Minh City, are seeing a high demand for mini apartment complexes. This has led to an increased need for secure self-storage facilities for items that require a controlled environment.

Vietnam Self-Storage Market Growth

In 2022, Hanoi experienced a significant increase in office space availability, surpassing 1.6 billion square meters of net leasable area (NLA), with grade A office buildings accounting for 37 per cent of the overall supply. The rising rental prices of office space in urban areas have led businesses to seek more affordable alternatives. Self-storage units offer a cost-effective solution for storing office supplies, documents, and equipment, enabling companies to reduce their rental expenses. To enhance productivity and employee comfort, businesses are turning to external storage options to declutter their work environment. Self-storage units can accommodate items that are not frequently used, allowing businesses to maximise the use of their office space.

The rise in popularity of compact living spaces and high-density housing in urban regions has led to a growing demand for external storage solutions. Self-storage facilities present a practical and safe choice for individuals facing limitations in storage space within their homes. Contemporary self-storage facilities come equipped with state-of-the-art security measures such as surveillance cameras, access control systems, and climate-controlled units. These security features effectively address concerns regarding safety, making self-storage an appealing solution for safeguarding valuable possessions.

Vietnam Self-Storage Industry Segmentation

The “Vietnam Self-Storage Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Market Breakup by Unit Size

• Small Storage Unit

• Medium Storage Unit

• Large Storage Unit

Market Breakup by End Use

• Personal

• Business

Market Breakup by Region

• Southeast

• Red River Delta

• Mekong River Delta

• South Central Coast

• Others

Vietnam Self-Storage Market Share

Based on end use, the market is segmented into personal and business. The business sector is projected to grow at a CAGR of 4.5% during the forecast period of 2025-2034. Self-storage facilities offer businesses flexible rental options, allowing them to rent space for short or long periods based on their specific needs. This flexibility is especially advantageous for businesses with fluctuating storage requirements, such as seasonal inventory or temporary project materials.

Leading Companies in the Vietnam Self-Storage Market

Major players are focusing on the adoption of cutting-edge technologies to gain a competitive edge in the market.

• Austin Labs

• KingKho Storage Co.,Ltd

• Saigan Storage

• Bizlen Business Services

• V-Box Self Storage Co., Ltd.

• Others

Key Highlights of the Report

Vietnam Self-Storage Market Report Snapshots

Vietnam Self-Storage Market Size

Vietnam Self-Storage Market Growth

Vietnam Self-Storage Market Share

Vietnam Self-Storage Companies