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Vietnam Self-Storage Market Size, Share, Trends, Growth: By Unit Size: Small Storage Unit, Medium Storage Unit, Large Storage Unit; By End Use: Personal, Business; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis, Key Indicators for Demand, Key Indicators for Price; Competitive Landscape; 2024-2032
Vietnam Self-Storage Market Size
The Vietnam self-storage market is projected to grow at a CAGR of 4.3% between 2024 and 2032. 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 | 2018-2023 |
| Forecast Period | USD Million | 2024-2032 |
| Market Size 2023 | USD Million | XX |
| Market Size 2032 | USD Million | XX |
| CAGR 2018-2023 | Percentage | XX% |
| CAGR 2024-2032 | Percentage | 4.3% |
| CAGR 2024-2032 - Market by Region | Southeast | 4.8% |
| CAGR 2024-2032 - Market by Region | Red River Delta | 4.5% |
| CAGR 2024-2032 - Market by Unit Size | Small Storage Unit | 4.7% |
| CAGR 2024-2032 - 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 Industry Segmentation
The “Vietnam Self-Storage Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:
| CAGR 2024-2032 - 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 2024-2032 - Market by | End Use |
| Business | 4.5% |
| Personal | XX% |
Market Breakup by End Use
- Personal
- Business
| CAGR 2024-2032 - 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 2024-2032. 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 | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Unit Size |
|
| Breakup by End Use |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
|
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.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Self-Storage Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Self-Storage Historical Market (2018-2023)
8.3 Asia Pacific Self-Storage Market Forecast (2024-2032)
9 Vietnam Self-Storage Market Overview
9.1 Key Industry Highlights
9.2 Vietnam Self-Storage Historical Market (2018-2023)
9.3 Vietnam Self-Storage Market Forecast (2024-2032)
10 Vietnam Self-Storage Market by Unit Size
10.1 Small Storage Unit
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium Storage Unit
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Large Storage Unit
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Vietnam Self-Storage Market by End Use
11.1 Personal
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Business
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 Vietnam Self-Storage Market by Region
12.1 Southeast
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Red River Delta
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mekong River Delta
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 South Central Coast
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Others
13 Market Dynamics
13.1 SWOT Analysis
13.1.1 Strengths
13.1.2 Weaknesses
13.1.3 Opportunities
13.1.4 Threats
13.2 Porter’s Five Forces Analysis
13.2.1 Supplier’s Power
13.2.2 Buyer’s Power
13.2.3 Threat of New Entrants
13.2.4 Degree of Rivalry
13.2.5 Threat of Substitutes
13.3 Key Indicators for Demand
13.4 Key Indicators for Price
14 Competitive Landscape
14.1 Market Structure
14.2 Company Profiles
14.2.1 Austin Labs
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 KingKho Storage Co.,Ltd
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 Saigan Storage
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Bizlen Business Services
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 V-Box Self Storage Co., Ltd.
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Others
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Self-Storage Market: Key Industry Highlights, 2018 and 2032
2. Vietnam Self-Storage Market: Key Industry Highlights, 2018 and 2032
3. Vietnam Self-Storage Historical Market: Breakup by Unit Size (USD Million), 2018-2023
4. Vietnam Self-Storage Market Forecast: Breakup by Unit Size (USD Million), 2024-2032
5. Vietnam Self-Storage Historical Market: Breakup by End Use (USD Million), 2018-2023
6. Vietnam Self-Storage Market Forecast: Breakup by End Use (USD Million), 2024-2032
7. Vietnam Self-Storage Historical Market: Breakup by Region (USD Million), 2018-2023
8. Vietnam Self-Storage Market Forecast: Breakup by Region (USD Million), 2024-2032
9. Vietnam Self-Storage Market Structure
Key Questions Answered in the Report
The market is estimated to grow at a CAGR of 4.3% between 2024 and 2032.
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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