Storage business is another service that offers rental space for personal belongings. Keep a large stock of products, suitable for urban target groups. Tourists who are looking for a storage space when shopping and are also in demand among small businesses such as online merchants because self-storage helps to meet the needs of convenience and rent that is more economical than choosing to rent a traditional high-rise shophouse.
In the past few years, the self-storage business has been growing rapidly in Thailand. Especially in metropolitan areas and tourist cities. With the number of foreign tourists starting to return to Thailand. As a result, consignment services are in demand.
Store business in 2024
- Why choose a store store?
- Urban lifestyle: Space in condominiums is limited.
- Growing Online Business: Online Merchants Need Storage Space
- Immigration: People migrating Need storage space while waiting for a new place to stay.
- Store Business Trends in 2024
- Opportunities in the store business
- Challenges in the Store Business
- Introducing AIRPORTELs, a luggage storage and luggage delivery business, all in one place.
Why choose a store store?
Store services tend to grow more among the younger generation of customers. Targeting lifestyle people who live in condos and are looking for more storage space for items and collectibles because the room space in condos nowadays is more likely to be built smaller than before. The terms of using the storage store service are as follows:
- Self-Storage service can be booked on the website or application.
- Prices are available daily, monthly, weekly.
- There is a security system. Check it out online
- Door to Door storage and packing services are available.
- Depository of all forms of valuable assets
Urban lifestyle: Space in condominiums is limited.
The lifestyle of people living in condominiums often encounters the problem of insufficient storage space and limited space. But nowadays, most condos have a smaller room area. It has a minimum size of 26-30 sq.m., causing people living in condos to face the problem of not having enough storage space. As a result, the storage store service meets the needs of people who are looking for space to collect things and people who are moving things in preparation for the renovation of a new condo.
Growing Online Business: Online Merchants Need Storage Space
Self-storage businesses are also in demand among online merchants and small businesses. The problem for most online merchants is that they don't have a place to store their stock and it's hard to find a rental room for food and skincare products. Because it must be a temperature-controlled room and rented as a warehouse, it will increase the cost of doing business as well.
so The self-storage business is therefore the choice of new businesses and entrepreneurs who are looking for affordable storage space and a reliable storage system.
Immigration: People migrating Need storage space while waiting for a new place to stay.
Looking for a rental space and monthly temporary storage is often difficult for people preparing to move. Moving house or condo and in renovation or tourists will want to find a storage space for the period before returning. The problem of finding temporary storage for a short period of time is often not worth paying for, as most storage spaces tend to have more annual leases.
Having a self-storage service has become the solution. It solves the problem of rented storage space that meets the lifestyle of urban people and travelers as well.
Store Business Trends in 2024
The trend of the self-storage business in 2024 will start to adjust new services to meet the needs of new user bases. This includes expanding service areas in major cities and tourist destinations.
In this part, we will reveal 4 trends in the self-storage business that will start to adapt more this year.
1. Use of technology: online booking Intelligent access control
With the behavior of self-storage service users who have started looking for services online. Whether it's booking a room, paying and receiving souvenirs, convenient Door To Door and quick pain point resolution on the website. If any business offers these value-added services, it will make users choose to use the service first.
2. Optional services: pick-up, delivery, packing, insurance
Most of the consignments tend to be large in number and large parts. This makes it difficult to transport and time-consuming. Additional services such as pick-up service, packing service and loss risk insurance Therefore, it is in demand among customers who rent storage space.
3. Branch expansion: to suburbs, provinces
The rise of condominiums Began to expand its base in large suburbs, provinces and more tourist cities. As a result, the demand for self-storage services is likely to increase accordingly.
4. Competition: price, service, promotion
Most self-storage services come in a variety of price forms. Therefore, it does not meet the needs of real users because customers who use Self-Storage services. In the group of tourists, there is usually no specific storage period, depending on the individual's travel plan.
So, making the price. Services and promotions that meet the needs of this group of customers will make the self-storage service business attract these customers.
Opportunities in the store business
At present, the storage business or self-storage still has a high growth opportunity because this type of business still has not many large players compared to other types of businesses.
In addition, customer behavior also helps drive the store business to grow in an interesting way. The Self-Storage business has the opportunity to grow for the following reasons:
- The market is still small: there is a high chance of growth because there are few competitors in the market.
- Various customer needs: The Self-Storage business does not yet offer many value-added services to meet the convenience of customers.
- Use of technology: Most customers are increasingly looking for online services, rarely booking to rent a storefront space anymore, but instead opt for online services, which can reduce costs in the long run for the business.
- Expansion of branches: With the lifestyle of the new generation choosing to live in condos, both tourists and urban groups are increasing. The more branches are added to the condo sites in the city, the more opportunities to reach new customers.
Challenges in the Store Business
The challenge for the self-storage business lies in space rent, construction costs, security system costs, which are fixed expenses (80% main expenses) that the business owner will have to pay out every month. Make the Self-Storage Business Most of them are looking for customers who are renting space for the long term. It is becoming more and more competitive because competitors in the market are starting to adapt quickly.
Self-Storage Service in Thailand It is also a new service that Thai people have begun to know only in certain groups. Even though it is a new service, it is still in demand among more customers. The storage business still has a clear growth opportunity in 2024. Develop new types of services and use technology to reduce costs and increase the convenient user experience for customers. This will make it easy for your business to become a market leader.
Introducing AIRPORTELs, a luggage storage and luggage delivery business, all in one place.
AIRPORTELs provides self-storage for individual customers who are looking for a place to store their personal belongings, suitable for small businesses and tourists who want to rent storage space but do not want to rent expensive warehouses.
AIRPORTELs also designs a variety of storage services for customers, such as locker rental and storage for you. Storage service close to home Door to Door Moving Service, packing service where customers can book space rental online, property damage insurance and 24-hour security.
