Press release
Singapore Self-Storage Market Business Attractiveness and Rising Trends 2022 to 2027
The Singapore Self-Storage Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Singapore Self-Storage Market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Singapore Self-Storage Market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Singapore Self-Storage Market.The Singapore self-storage market is expected to grow at 6.3% CAGR during the forecast period of 2022-2027.
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Top Leading Companies of Singapore Self-Storage Market 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. and others.
Industry News and Updates:
- In June 2022, 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 2022, 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 companyÕs 22-property portfolio comprises 3.17 million square feet. It also includes more than 15 shopping centers and four self-storage operating offices.
Key Market Trends:
Increased Urbanization, Coupled with Smaller Living Spaces is Expected to Drive the Self-Storage Demand in Singapore
- Singapore is a hub for everything from business to travel. According to Worldbank data, Singapore has an average urban population near to 100%, with an overall population of 5.8 million in 2019. Due to the enormous urban population in the country, space can be significantly hard to come across in urban places. The vast majority of homes in the country are on the small side, and there are less spacious rooms in most of the apartments.
- The urban population living in Singapore usually invest in the rental of self-storage units. Self-storage unit rental has proved to be handy for people in Singapore who have possessions that are big and, therefore, tough to keep things around. It is also an attractive choice for Singapore residents who have belongings that they don't use that often.
Business Self-storage Type Segment is Expected to Hold a Significant Share Throughout the Forecast Period
- From a recent survey of LOCK+STORE Singapore, about 50% of business users opted for self-storage space as a cost-effective alternative compared to renting shops or warehousing spaces. With rental business outlets, one of the significant cost components is the considerable amount of rent, coupled with the changes in the economic climate. The business owners are nowadays more conscious of storage costs. The flexible self-storage model allows business customers to choose from wide-ranging size options by their storage needs.
- As the number of startups is increasing in the country, the flexible self-storage options meet the requirements of startups amid the growing e-commerce sector and the expanding tech-savvy population, which primarily seek more cost efficiency and operational flexibility when conducting their business. This will further boost the segmentÕs growth in the coming years.
Investigator Observers Strong Growth in Specific Regions:
- Europe Market (Germany, UK, France, Russia, Italy)
- Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
- South America Market (Brazil, Argentina, Colombia)
- North America Market (United States, Canada, Mexico)
- Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Singapore Self-Storage Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Singapore Self-Storage Market (%),2016 - 2026
- Singapore Self-Storage Market Share, By Brand
- Singapore Self-Storage Market Share, By Company
- Singapore Self-Storage Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Singapore Self-Storage Market Value Analysis & Forecast
- Promising Singapore Self-Storage Market Development by Major Companies
- Detailed Singapore Self-Storage Market Portfolio of the Major Companies
- Major Deals in the Singapore Self-Storage Market
- Major Companies Analysis
Browse Full Report at:
https://www.marketinsightsreports.com/reports/02285842520/singapore-self-storage-market-growth-trends-and-forecasts-2022-2027?Mode=namita
We Offer Customization on Report Based on Specific Client Requirement:
- Country Level analysis for any 5 countries of your choice.
- Competitive analysis of any 5 key market players.
- 40 analyst hours to cover any other data point.
Contact Us:
Irfan Tamboli (Head of Sales) - Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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