South Korea Self-Storage Market Share

Market Share of South Korea Self-Storage Industry

The South Korea Self-storage Market comprises several global players vying for attention in a moderately fragmented market space. In order to differentiate amongst offerings, the players have been focused on competitive pricing, promotional activities, advertisements, and added features such as parking facilities, 24x7 access, and climate control. The presence of these players and their constant innovative activities. As the market poses moderate barriers to entry for new players, several new entrants backed by VCs have been able to gain traction in the market. This could further intensify the market competition.

• January 2022 - StorHubSelf-Storage announced the inauguration of StorHubSeoul Forest, its first self-storage facility in Korea. Seoul Forest has conveniently positioned adjacent to Hanwha Galleria Foretin in the basement. Customers in the neighborhood have easy access to dependable and safe storage options. There are about 700 high-end lockers in the storage facility.

South Korea Self-Storage Market Leaders

1. Extra Space Asia

2. Boxful Korea

3. StoreHub Korea Co., Ltd.

4. QubizKorea Co.,Ltd (Q Storage)

5. Self Box

*Disclaimer: Major Players sorted in no particular order