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Report Overview
The Vietnam self-storage market is projected to grow at a CAGR of 4.30% between 2025 and 2034. The market is being driven by rapid urbanisation and the increasing focus of businesses to reduce their rental expenses.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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 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 4.30% 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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