Singapore Self-Storage Market Strategic Assessment 2021- Storefriendly Self Storage Group Ltd, LOCK+STORE Singapore (Singapore Post Limited.), Beam Storage Pte Ltd., Mandarin Self Storage

Latest released, the research study on Singapore Self-Storage Market Report Forecast 2021 - 2025, offers a detailed overview of the factors influencing the global business scope. Singapore Self-Storage Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Singapore Self-Storage. The study covers emerging player's data, including competitive landscape, sales, revenue and global market share of top manufacturers are: Storefriendly Self Storage Group Ltd, - LOCK+STORE Singapore (Singapore Post Limited.), - Beam Storage Pte Ltd., - Mandarin Self Storage, - StorHub Holding Pte. Ltd., - Far East Organization (Store-Y Self-Storage), - U-Store@SG (Singapore G Pte Ltd), - Extra Space Asia, - Opp Film (Oben Holding Group), - Vitopel do Brasil, - Frigoglass South Africa (Pty) Ltd.

The Singapore self-storage market is expected to grow at 6.3% CAGR during the forecast period of 2020-2025.

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Covid-19 Impact and Recovery Analysis:

The Singapore Self-Storage market report also includes the impact of the Covid-19 pandemic. Moreover, it offers an exhaustive analysis of aspects that will encounter the development of the market pre & post Covid-19 pandemic.

Industry News and Updates:

- In June 2020, as part of its COVID-19 response, Singapore-based self-storage operator StorHub entered into a partnership with GoGoVan, an Asia-based, ridesharing service specializes in transporting goods in urban areas. The strategic alliance will give StorHub customers flexible moving and self-storage options, while government lockdown restrictions are in place.
- In May 2020, United-Hampshire US REIT, a US-based REIT with interests in grocery-anchored retail stores and self-storage, recently listed an IPO on the Singapore stock exchange. Sponsored by US-based real estate investment company Hampshire Cos. LLC and asset-management firm UOB Global Capital LLC, the companys 22-property portfolio comprises 3.17 million square feet. It also includes more than 15 shopping centers and four self-storage operating offices.

- In an increasingly crowded real estate market, the property investors may see the uneven development of the self-storage industry in Singapore as an opportunity with high potential. Major industry drivers, according to the SSAA survey for 2019, are shrinking apartment sizes and increased consumer awareness, respectively, retaining the first and the second positions.
- Asia Pacifics overall GDP grew by more than 5% in 2019 and continued to be the main growth engine of the world. In Southeast Asia and Greater China, GDP growth held up in 2019 despite external and domestic headwinds. In the Southeast Asian market, economic expansion rates remained robust though the trends by each country remained somewhat diverged. As the GDP of Singapore has increased in the last financial year, i.e., 2019, which defines a strong potential of the countrys self-storage market. For instance, as per the IMF forecast for the 2019-2022 period, the countrys GDP is expected to grow at 2.6%.

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