South Korea Self-Storage Market Size, Share, and COVID-19 Impact Analysis, By Storage Unit Size (Small Storage Unit, Medium Storage Unit, Large Storage Unit), By End User (Personal, Business), and South Korea Self-Storage Market Insights, Industry Trend, Forecasts to 2035

South Korea Self-Storage Market Insights Forecasts to 2035

• The South Korea Self-Storage Market Size was Estimated at USD 1.5 Billion in 2024
• The Market Size is Expected to Grow at a CAGR of around 6.18% from 2025 to 2035
• The South Korea Self-Storage Market Size is Expected to Reach USD 2.9 Billion by 2035

According to a Research Report Published By Spherical Insights & Consulting, The South Korea Self-Storage Market Size is anticipated to reach USD 2.9 Billion by 2035, Growing at a CAGR of 6.18% from 2025 to 2035.  The fast pace of urbanization, increasing popularity of minimalism and decluttering, drastically altering lifestyles, fast growth of small businesses and online platforms, fast-growing economy of the region, and the incorporation of technology in self-storage devices, are some of the most important factors that are driving the market.

Market Overview

The South Korea self-storage market is the industry that rents out storage spaces or units to individuals, households, and businesses within South Korea. The storage spaces are safe, flexible, and in most cases, climate-controlled spaces where customers can place personal items, inventory, documents, or equipment outside their homes or business establishments. Additionally, technology adoption by self-storage centers is increasing in South Korea, particularly since consumers are willing to pay for convenience and security. Smart storage includes mobile apps for reservation, automated check-in, and smart locks. Such trends improve customer experiences and facilitate easier facility management. Greater technology adoption by consumers will automatically provide a competitive edge to companies. The pull of a newer, more technologically aware customer base with intelligent storage has been witnessed.

Report Coverage

This research report categorizes the market for the South Korea Self-Storage market based on various segments and regions and forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea Self-Storage market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea Self-Storage market.

Driving Factors

The robust South Korean economy has raised consumer spending capacity, making it possible for businesses and people to invest in self-storage services. The services' affordability and flexibility have created a popular alternative. In addition to these attributes, the use of self-storage in nations such as the United States has resonated around the world, even in South Korea. Also, the growing concern regarding the use of self-storage is driving market growth.

Restraining Factors

The South Korea's self-storage market has robust potential, but now it is restrained by low awareness, regulatory obstacles, high land prices, and cultural orientation. These will be overcome through focused marketing, enhanced facility accessibility, trust-building measures, and policy initiatives in order to grow the market in the long term.

Market Segmentation

The South Korea self-storage market share is classified into storage unit size and end user.

• The medium storage unit segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea self-storage market is segmented by storage unit size into small storage unit, medium storage unit, and large storage unit. Among these, the medium storage unit segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. These units provide for a wide variety of needs, such as furniture, family items, and business inventory storage. They are most in demand by those who are going through transitions like moving or remodeling, as well as small to medium-sized business owners who need extra space. The flexibility and sufficient space provided by medium units make them a favourite among a large variety of storage needs

• The personal segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period.

The South Korea Self-Storage market is segmented by end user into personal and business. Among these, the personal segment held a significant share in 2024 and is expected to grow at a significant CAGR during the forecast period. The market due to trends such as urbanization, compact living space, and lifestyle transitions. Consumer use self-storage for an array of applications, such as storing seasonal materials, furniture, and goods while moving or under renovation. Inventions such as online bookings and climate control facilities have additionally promoted the convenience of personal storage units.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea Self-Storage market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Extra Space Asia
• Boxful Korea
• Storehub Korea Co., Ltd.
• Qubizkorea Co.,ltd (q Storage)
• Self-Box
• Nemo S&S Co., Ltd. (nemo Storage)
• Mini-storage (sampyo Energy)
• Dalock
• Others

Recent Developments:

• In March 2024, Boxful launched a new self-storage center in Yeondong, Jeju City, with 24-hour unmanned storage facilities and customizable options for different items. The center offered climate-controlled storage, CCTV surveillance, and flexible rental terms to suit various storage requirements

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at South Korea, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the South Korea self-storage market based on the below-mentioned segments:

South Korea Self-Storage Market, By Storage Unit Size 

• Small Storage Unit
• Medium Storage Unit
• Large Storage Unit

South Korea Self-Storage Market, By End User

• Personal
• Business