Switzerland Self-Storage Market 2021 is Booming Worldwide with Profiling Key Players- Zebrabox Switzerland, Secur' Storage, Homebox Switzerland, MyPlace

The “Switzerland Self-Storage Market” Research Report 2021-2027 is an in-depth study of the market, along with an analysis of its key segments. The relationship is built through extensive primary and secondary research. In-depth market data is generated through interviews and data collection from industry experts and professionals. The study is a detailed document on key aspects of the markets including trends, segmentation, growth prospects, opportunities, challenges, and competitive analysis.

The Switzerland self-storage market is expected to grow at 3.7% CAGR during the forecast period of 2021 - 2026.

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The research report is a compilation of key data with regards to the competitive landscape of this vertical and the multiple regions where the business has successfully established its position.

Top Companies in the Switzerland Self-Storage Market: Zebrabox Switzerland, Casaforte (SMC Self-Storage Management), Secur' Storage, Homebox Switzerland, MyPlace, W. Wiedmer ag, and Other.

Industry News and Update:

- In March 2020, Stutz Medien AG has chosen W. Wiedmer ag for its office shifting purpose and storage solutions. Stutz Medien AG has planned to leave its previous office location on the Tuwag site and to move into the new building in the Zurich Park Side commercial building. The company has completed the project with the help of Wiedmer’s storage and transport solutions.

- In April 2020, Casaforte, the self-storage company which has a significant presence in Switzerland and has developed the Hotel of Things facility in a European country. Casaforte’s Hotel of Things is under video surveillance and integrated with alarm systems. The customers can access the self-storage rooms in full privacy by using a personal code.

Key Market Trends:

Increased Urbanization, Coupled with Smaller Living Spaces is Expected to Drive the Self-Storage Demand in the Coming Years

- According to Worldbank data, Switzerland has an average urban population of 74% in 2019. Urbanization and urban sprawl are key land-use processes in most of the world’s potential economies, including Switzerland, where urban and settlement areas increased by more than 20% between 1984 and 2019 (SFSO, Swiss Federal Statistical Office). Growing urban populations mean smaller and increasingly expensive living spaces in cities and the creation of more renters who move around more frequently.

- The development of smart cities is central to the United Nations Sustainable Development Goals (SDGs). Under SDG 11, the United Nations calls explicitly for additional urban investments through 2030 to make cities more inclusive, safe, resilient, and sustainable. These investments are expected to impact market growth over the forecast period positively.

- The average occupancy across European countries saw a 1% increase from 78% in 2018 to 79% in 2019. New facilities tend to have lesser occupancy rates as they typically take 3 to 5 years to reach maturity. Switzerland, for example, has a significant number of newer facilities, with the mean average age around five years.

- Optimal occupancy for a well-built self-storage facility located in a metropolitan area is usually considered between 85%-90%. This allows the vendors to continue to offer space to customers and increase the yield for the business.

Business Self-storage Type Segment is Expected to Hold a Significant Share Throughout the Forecast Period

- As per the FEDESSA and JLL survey report, average occupied space by business customers in Europe has increased from 27% in 2018 to 32% in 2019. The marketers have seen a trend over the last couple of years that business customers took a higher percentage of floor area than consumers.

- The majority of self-storage business customers are start-ups; for them, it offers a flexible solution for office space, distribution, and storage of goods without requiring lengthy leases. The self-storage operators are now catering more for business customers by offering meeting rooms, free Wi-Fi, and courier services. The advantage for operators is that business customers stayed for more extended periods than domestic ones, giving them a stable income source.

- According to the report published by FEDESSA and JLL, in Switzerland, the business segment holds more than 70% self-storage space in 2019, whereas the European average stands at 68%.

- There is a wide range of different tenures within the self-storage business model, from owner-occupied freehold business to business contracts. There is a business preference towards freehold ownership in Europe, with approximately 77% of facilities on average owned by the operator. Whereas, in Switzerland, near to 30% of facilities owned by the operator.

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What are the market factors that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a Switzerland and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

–Analytical Tools: The Switzerland Self-Storage Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

The research includes historic data from 2015 to 2021 and forecasts until 2026 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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