How big is the Singapore Self-Storage Market?

The Singapore Self-Storage Market size is expected to reach 2.93 million square feet in 2024 and grow at a CAGR of 6.30% to reach 3.99 million square feet by 2029. Read More

What is the current Singapore Self-Storage Market size?

In 2024, the Singapore Self-Storage Market size is expected to reach 2.93 million square feet. Read More

Who are the key players in Singapore Self-Storage Market?

Store Friendly Management Pte Ltd, Spaceship Singapore (Astore Pte. Ltd.), StorHub Self Storage, Store Room Pte Limited and Work+Store (Work Plus Store Pte Ltd) are the major companies operating in the Singapore Self-Storage Market. Read More

What years does this Singapore Self-Storage Market cover, and what was the market size in 2023?

In 2023, the Singapore Self-Storage Market size was estimated at 2.76 million square feet. The report covers the Singapore Self-Storage Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Singapore Self-Storage Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Singapore Self-Storage Market Share

Statistics for the 2023 & 2024 Singapore Self-Storage market share, created by Mordor Intelligence™ Industry Reports. Singapore Self-Storage share report includes a market forecast to 2029 and historical overview. Get a sample of this industry share analysis as a free report PDF download.

Market Share of Singapore Self-Storage Industry

Singapore's self-storage market is moderately competitive and consists of many global and regional players. These players account for a considerable market share and focus on expanding their client base globally. To remain competitive during the forecast period, these companies will invest in R&D, strategic alliances, and other organic and inorganic growth strategies.

In May 2022, US REIT, a US-based REIT interested in self-storage and grocery-anchored retail locations, announced an IPO on the Singapore stock exchange. The company's portfolio of 22 properties totals 3.17 million square feet. It is sponsored by UOB Global Capital LLC, a Singapore-based asset management firm, and Hampshire Cos. LLC, a US real estate investment corporation. Additionally, it has four self-storage operating offices and more than 15 shopping centers.

In March 2022, StorHub Self Storage announced the opening of two additional self-storage facilities in Jurong East and Serangoon. The inclusion of these newly opened facilities brings self-storage to new neighborhoods to serve the community. The self-storage company now has a total of 13 StorHub storage facilities that are easily accessible to residents all around Singapore.