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The tech rental market is on a significant upward trajectory, fueled by the shift towards remote and hybrid working models. This shift is reflected in the computer rental and leasing sector, which saw a compound annual growth rate (CAGR) of 1.8% from 2017 to 2021. The momentum is expected to continue, with a forecasted growth of 2.1% CAGR between 2022 and 2032. In the short term, up to 2025, the demand for computer rental services is expected to rise notably, driven by the corporate and entertainment sectors post-COVID. The Asia Pacific and North America regions are anticipated to be particularly dynamic markets, with growth spurred by the increasing popularity of gaming and streaming sectors.
The global consumer electronics and appliance rental market also paints a promising picture, projecting an expansion from $59.59 billion in 2022 to an estimated $67.29 billion in 2023, which represents a CAGR of 12.9%. This market is further expected to reach $104.60 billion by 2027, continuing at a CAGR of 11.7%. The Asia-Pacific region is expected to see the highest growth rate in the equipment rental market, expanding at a CAGR of 6.9% through 2025.
These numbers underscore the fact that tech rental isn't just a temporary solution but a growing trend that aligns with the evolving work culture and lifestyle preferences of modern society. As businesses and individuals continue to seek flexible and cost-effective solutions for technology access, tech rental services like Monis are well-positioned to meet this demand. With strategic expansion and a focus on delivering quality and convenience, Monis is set to tap into these growth opportunities, particularly in the thriving markets of the Asia Pacific region.
Demand is particularly increasing in the corporate and entertainment sectors, with the Asia Pacific region leading the growth.
Thailand has become a hub for remote workers due to several attractive factors. The cost of living in is moderate and is known for its warm and sunny weather, averaging around 28°C, which can be a huge draw for those looking to escape colder climates. Overall, the life quality is great which attracts more and more traveling remote workers.
For services like Monis, this represents a fertile ground for growth. The increasing digitalization, coupled with Thailand's position as a preferred destination for remote workers and digital nomads, creates an opportunity for tech rental businesses to thrive. The digital workplace market in Thailand is also expected to grow, with a projection for substantial expansion from 2020 to 2028.
Thailand's tech rental market, particularly in Bangkok and Chiang Mai, the competitive landscape is diverse but remains relatively traditional in its operations. Many existing tech rental services have not fully embraced digital transformation. As a result, they often rely on outdated equipment and offer it at prices comparable to more modern offerings, without additional value. The customer service experience with these competitors often reflects a more manual and labor-intensive approach, which can lead to complexities and inefficiencies
The Monis tech rental model is designed with flexibility and convenience at its core, catering to the dynamic needs of today’s remote workers and businesses. We offer weekly rentals, providing clients with the option to choose the duration that best suits their project timelines without committing to long-term contracts. This flexibility extends to our payment options as well, allowing customers to opt for weekly payments for ongoing projects or one-time payments for short-term needs.
Monis serves a global customer base, with a significant portion of our users coming from Russia, the Netherlands, Australia, Germany, the United States, Canada, among others. This diverse clientele reflects the universal need for reliable tech rental solutions that can cater to the varied demands of remote work, events, and corporate projects.
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Within organic growth, our merchant in Bali reached an average order volume (deliveries & pickups) of 4/day within 9 months of operation.
Average revenue per user per order based on 1.5 years operation data from our merchant location Bali.
"In the initial weeks, I personally handled all the orders. This direct interaction with customers during deliveries was invaluable in understanding their needs. Now, I've expanded my team to include a driver and a storage technician, ensuring our daily operations run smoothly."
By becoming a Monis merchant we support you and want to ensure you can fully focus on fulfilling your orders on site. Our service fee includes the following:
By becoming a Monis merchant these are the following key responsibilities. The focus is set on logistics and stock implementation.
This overview is intended as a snapshot based on over 1.5 years of actual data from our Bali merchant
We maintain the ecosystem at a competitive 20% commission-based revenue model. Every month, 80% of revenue will be automatically paid out to our merchants.
This year, our primary objective is to enhance Monis's service offerings and market reach. We aim to onboard new merchants onto our platform and to provide our customers with a wider array of products. Our approach is to strategically align this expansion with the needs and preferences of our growing customer base. As we progress, we will initiate a soft launch phase for our rental portal. This phase is crucial for us to collect valuable user feedback, which is instrumental in fine-tuning the user experience. Within 2024, the Monis Portal will be further developed and optimized in preparation for a broader market rollout.
At Monis, our merchant partners are the cornerstone of our business, and we are deeply committed to their growth and success. Our comprehensive support structure includes personalized training sessions to help our merchants make the most of our platform, marketing materials that they can use to attract and engage customers, and powerful analytics tools to track performance and gain insights.
We go beyond just providing tools; we actively assist in scaling operations through strategic advice and hands-on support. Whether it’s expanding product lines or tapping into new markets, Monis is here to facilitate and accelerate our merchants’ growth trajectories. Join us and experience the power of a partnership that truly supports your ambitions.
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