Switzerland Self-Storage Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Switzerland Self-Storage Market is Segmented by Self-storage Type (Consumer, Business).

Market Snapshot

image
Study Period: 2018 - 2026
Base Year: 2020
CAGR: 3.7 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

The Switzerland self-storage market is expected to grow at 3.7% CAGR during the forecast period of 2021 - 2026. The requirement for more space for belongings depends on several changes in a person’s lifestyle, like moving home, getting married, and retiring. With the increased urbanization and apartments in major Swiss cities gradually getting smaller and more expensive, many people in the country are finding they are running out of the room. Self-storage solutions have stepped in to cater to this rising consumer need, and as provision steadily grows, it appeals to investors.

  • In an increasingly challenging and crowded real estate market, the investors may see the uneven development of the self-storage industry in Switzerland as an opportunity with high potential. In a significant population of Switzerland, self-storage is being called a solid, recession-proof investment. In some cities, with income growth in mind, self-storages are even being higher adoption levels that almost match more traditional asset classes.
  • As the GDP per capita of Switzerland has increased in the last financial year, i.e., 2019, which defines a strong potential of the country’s self-storage market. For instance, according to OECD, in 2019, the GDP per capita has observed significant growth of 2.3% compared to the previous fiscal year.
  • Though a considerable number of conventional self-storage facilities are based upon adapted premises of different use, this is changing as vendors become more sophisticated. Such an approach is expected to be essential and appealing to institutional investors looking for long-term, resilient income streams in the country.
  • In the coming years, the self-storage industry in Switzerland is expected to benefit from the accurate cloud solutions that give operators of all sizes the tools they need to view the renter activity, remote access accounting, and payment data. These cloud solutions also help in inventory management, update software/firmware, see onsite device health, troubleshoot remotely, and even use predictive analytics to keep and upsell customers.
  • Swiss government responded to the COVID-19 pandemic by putting significant restrictions on their societies and economies in March, which prompted a significant decline in global trade and in demand for Swiss exports. The Swiss State Secretariat for Economic Affairs (SECO) forecasts that manufacturing output will fall by approximately 25% of total economic added value compared to the previous financial year. If Switzerland moves into a V-shaped recession, the GDP of the country will decline by 7% in 2020. Also, the rate of unemployment will increase to 4% from 2.3% in 2019 as a result of the recession. As the enterprises are observing a loss due to the economic downturn, it will severely affect the country’s self-storage market.

Scope of the Report

The self-storage solutions offer value to continue protection from environmental damage and theft by providing cost-effective storage solutions. The study scope of the Switzerland self-storage market tracks down the adoption of different self-storage solutions used by business customers and domestic consumers. The study also focuses on the impact of COVID-19 on the market ecosystem. In the study scope, the existing storage provider landscape also covered, which consists of major players operating in the market.

Self-storage Type
Consumer
Business

Report scope can be customized per your requirements. Click here.

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.
Trend_1_Switzerland.PNG

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.
trend_2_Switzerland.PNG

Competitive Landscape

Switzerland’s self-storage market is moderately competitive and consists of a significant number of global and regional players. These players account for a considerable share in the market and focus on expanding their client base across the globe. These players focus on the research and development activities, strategic alliances, and other organic & inorganic growth strategies to stay in the market landscape over the forecast period.

  • 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.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.2.1 Threat of New Entrants

      2. 4.2.2 Bargaining Power of Buyers/Consumers

      3. 4.2.3 Bargaining Power of Suppliers

      4. 4.2.4 Threat of Substitute Products

      5. 4.2.5 Intensity of Competitive Rivalry

  5. 5. MARKET DYNAMICS

    1. 5.1 Market Drivers

      1. 5.1.1 Favorable Demographic Trends Such as High Tourist Footfalls, High-income Population, Demand in Urban Areas and Growing Market Concentration

      2. 5.1.2 Steady Rise in Demand From the Consumer Segment

    2. 5.2 Market Challenges

      1. 5.2.1 Lack of Space & Rental Concerns in Urban Areas

    3. 5.3 Key Base Indicators

      1. 5.3.1 Lettable Space, Breakdown between freehold & Leasehold Tenure, Floorspace Per Capita, Number of Facilities (approx.) etc.

    4. 5.4 Analysis of the Real-estate Industry Trends in Switzerland

  6. 6. IMPACT OF COVID-19 ON THE SWITZERLAND SELF-STORAGE MARKET

  7. 7. MARKET SEGMENTATION

    1. 7.1 Self-storage Type

      1. 7.1.1 Consumer

      2. 7.1.2 Business

  8. 8. COMPETITIVE INTELLIGENCE

    1. 8.1 Company Profiles*

      1. 8.1.1 Zebrabox Switzerland

      2. 8.1.2 Casaforte (SMC Self-Storage Management)

      3. 8.1.3 Secur' Storage

      4. 8.1.4 Homebox Switzerland

      5. 8.1.5 MyPlace

      6. 8.1.6 W. Wiedmer ag

  9. 9. INVESTMENT ANALYSIS

  10. 10. FUTURE OF THE MARKET

**Subject to Availability

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Switzerland Self-Storage Market market is studied from 2018 - 2026.

The Switzerland Self-Storage Market is growing at a CAGR of 3.7% over the next 5 years.

Zebrabox Switzerland, Casaforte (SMC Self-Storage Management), Secur’ Storage, Homebox Switzerland, MyPlace are the major companies operating in Switzerland Self-Storage Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!