Overview:

The global airport sleeping pods market, as per Market Research Future’s report, is slated to achieve 4.6% CAGE during the forecast period covering 2020 to 2030. Growing demand for comfort during transit, a high number of transit passengers, increasing investment to improve airport facilities, various government and private moves, and others are expected to boost the global market prospect. Various airports are turning smart, which is also helping the global market in registering better growth. At the same time, capsule hotels are in high demand, which has inspired several airports to follow the model.

However, its initial setup cost could affect market growth during the forecast period.

Competitive Landscape:

The global market for airport sleeping pods is expected to witness a substantial rise in the revenues with the growing strategic implementations ensured by various key airport sleeping pods market players like Gosleep, Jetquay, 9hours, Napcabs, Sleepbox, Metronaps, Minute Suites, Yotel, Snooze at My Space, Snoozecube, and ZZZleepandGo. These players would encourage various innovations and marketing strategies to increase market percolation. At the same time, traditional methods like joint ventures, mergers, and acquisitions would play a crucial role in establishing a proper premise for the companies to operate more easily. In research and development facilities, they are spending a substantial amount to boost various studies to impact innovation. MRFR listed several moves of these market players in the report to have a proper understanding of the global market. This would facilitate the strategy-making procedures.

Segmentation:

The airport sleeping pods market has been segmented by MRFR analysts into product type, stay hours, and airport types to ease the understanding of the market. This would provide a better glimpse into the market using which companies would develop better strategies.

By product type, the report on the market segments it into single occupancy and shared occupancy. The single-occupancy segment has the largest market coverage and it is also expected to record the fastest growth during the forecast period.

By stay hours, the market report can be segmented into less than 2 hours and more than 2 hours. Less than 2 hours would do better as the growing number of transit passengers are availing this to take ample rest.

By airport types, the report on the market includes international and domestic. The international segment has the largest market as several passengers travelling abroad for business are getting this facility to relax.

Regional Analysis:

North America, with its superlative infrastructure, is expected to take the lead of the global airport sleeping pod market. The growing number of commercial passengers to meet the industrial need of the region, rising number of international flights, surge in companies operating flights, and others are expected to create better scope for the airports to install such sections. Also, the constant influx of cash would help the market in boosting various prospects.

In Europe, the market would benefit from several strategic moves. Various airports are renovating their internal structure to accommodate the growing number of passengers. In Asia Pacific, increasing investment to uplift, the standard of international airports can boost the regional market prospect.

Industry News:

In January 2020, Istanbul airport announced that it had launched airport sleeping pods to increase the comfort level of the passengers. These are comfortable, and passengers can avail of this opportunity at a reasonable price. These sleeping pods would provide free internet service and comes with a TV to ensure entertainment for its users. I will also come with free hot drinks.

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