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Report Overview

2024

Base Year

2018-2024

Historical Year

2025-2034

Forecast Year

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 Report Summary Description Value
Base Year USD Million 2023
Historical Period USD Million 2018-2024
Forecast Period USD Million 2025-2034
Market Size 2024 USD Million XX
Market Size 2034 USD Million XX
CAGR 2018-2024 Percentage XX%
CAGR 2025-2034 Percentage 4.3%
CAGR 2025-2034 - Market by Region Southeast 4.8%
CAGR 2025-2034 - Market by Region Red River Delta 4.5%
CAGR 2025-2034 - Market by Unit Size Small Storage Unit 4.7%
CAGR 2025-2034 - Market by End Use Business 4.5%
Market Share by Region Mekong River Delta 17.4%

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 Market

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:

CAGR 2025-2034 - Market by Unit Size
Small Storage Unit 4.7%
Medium Storage Unit 4.1%
Large Storage Unit XX%

Market Breakup by Unit Size

  • Small Storage Unit
  • Medium Storage Unit
  • Large Storage Unit
CAGR 2025-2034 - Market by End Use
Business 4.5%
Personal XX%

Market Breakup by End Use

  • Personal
  • Business
CAGR 2025-2034 - Market by Region
Southeast 4.8%
Red River Delta 4.5%
Mekong River Delta XX%
South Central Coast XX%
Others XX%
Market Share by Region
Mekong River Delta 17.4%
Southeast XX%
Red River Delta XX%
South Central Coast XX%
Others XX%

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

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2024
Forecast Period 2025-2034
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Unit Size
  • End Use
  • Region
Breakup by Unit Size
  • Small Storage Unit
  • Medium Storage Unit
  • Large Storage Unit
Breakup by End Use
  • Personal
  • Business
Breakup by Region
  • Southeast
  • Red River Delta
  • Mekong River Delta
  • South Central Coast
  • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Austin Labs
  • KingKho Storage Co.,Ltd
  • Saigan Storage
  • Bizlen Business Services
  • V-Box Self Storage Co., Ltd.
  • Others

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

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*

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Key Questions Answered in the Report

The market is estimated to grow at a CAGR of 4.3% between 2025 and 2034.

The market is being driven by rapid urbanisation, a rising middle-class population, and increasing number of small living spaces.

The key trends aiding the market expansion include the growth of e-commerce and rising security concerns.

The major regions considered in the market are Southeast, Red River Delta, Mekong River Delta, and South Central Coast, among others.

The different unit sizes of self-storage include small storage unit, medium storage unit, and large storage unit.

The major players in the market are Austin Labs, KingKho Storage Co.,Ltd, Saigan Storage, Bizlen Business Services, and V-Box Self Storage Co., Ltd., among others.

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30 North Gould Street, Sheridan, WY 82801

+1-415-325-5166

63 Fiona Drive, Tamworth, NSW

+61-448-061-727

C130 Sector 2 Noida, Uttar Pradesh 201301

+91-858-608-1494

40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.

+63-287-899-028, +63-967-048-3306

6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London

+44-753-713-2163

193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City

+84-865-399-124