Description

Airport Sleeping Pods Market to Escalate with approx. 6% CAGR between 2018 to 2023. The Global Airport Sleeping Pods Industry Shares segmented into Americas, Europe, Asia Pacific, and the Middle East & Africa.

Overview:

Airport sleeping pods, also known as sleeping cabins, capsule hotels, or snooze/nap pods have become one of the earnest requirements in the hustle bustle of an airport.  As a result, the airport sleeping pods Airport Sleeping Pods Market is growing rapidly.

Moreover, rising investments in advanced technologies and premium terminal facilities for the convenience of passengers led by the rapidly increasing number of air travelers are escalating the market on the global platform.

Acknowledging the colossal growth, the market is garnering currently, Market Research Future (MRFR) in its recently published study report, asserts that the global airport sleeping pods market will accrue enormously by 2023, registering a CAGR around 6% throughout the forecast period (2018 to 2023).

The emergence of the concept of smart airports that comes along with the requirement of passenger-friendly facilities and the rapidly expanding business that increase the probability of business travels are some of the primary growth factors estimated to bolster the growth of the airport sleeping pods market.

The burgeoning aviation industry has enabled airlines to expand connectivity between countries, which has increased the number of flights including long-haul flights, this has resulted in the market growth, creating the need for sound napping through sophisticated services, yet, for affordable prices at the airports itself.

On the other hand, factors such as the high costs pertaining to the initial installation, and the maintenance of these pods are impeding the growth of the market. Nevertheless, factors such as the rise in the commercial business model, the increased demand for capsule hotels for airport passengers, rising number of capsule hotels at airports, and the rapid rise in passenger traffic, and other facilities are expected to support the growth of the market to an extent.

Browse Complete Report @ https://www.marketresearchfuture.com/reports/airport-sleeping-pods-market-6028

Global Airport Sleeping Pods Market – Segments

The report has been segmented into four key dynamics;

By Product Type: Single Occupancy and Shared Occupancy among others.

By Stay Hours: Less than 2 hrs. and more than 2 hrs., others.

By Airport Types: International and Domestic.

By Regions:  North America, Europe, APAC and Rest-of-the-World.

Global Airport Sleeping Pods Market – Regional Analysis

The North American region accounts for the leading market for the airport sleeping pods mainly due to the presence of major market players in the region. Besides the augmenting demand for these sleeping pods at airports drives the growth of the regional market.  Furthermore, the increasing number of air passengers in the region along with the well-established airport management sector fosters the growth of the sleeping pods market.

The Asia Pacific region is expected to be the second leading market for airport sleeping pods primarily due to the increasing expenses on the development and up-gradation of airport infrastructure in the region. Some of the APAC countries such as China, Malaysia, Indonesia, Thailand, Philippines, and India are witnessing a steady international air traffic growth in the recent years, which is resulting in higher investments on the airports by their governments.

The European region is rapidly emerging as a promising market for airport sleeping pods.  The presence of many scenic destinations in the region such as Switzerland, Paris, Italy among others are attracting travel enthusiasts around the world. Simultaneously, countries such as the UK, Germany, and France with increasing industrialization and a growing number of businesses are attracting business travelers, dictating the increase in air travels in the region. The ever-increasing demand for sleeping pods to cater the increasing air passenger traffic defines the market landscape.

Airport Sleeping Pods Market – Competitive Analysis

The highly competitive airport sleeping pods market appears to be well-established as well as fragmented due to the presence of several large and small-scale key players.  Key players operating in the market are investing substantially in transforming the consumer and business landscape in the future.

Matured players incorporate strategic initiatives such as collaboration, partnership, acquisition, product & technology launch, and expansion to gain a competitive edge in this market.

Manufacturers strive to provide a wide range of sleeping pods that can deliver a suite of offerings to help address the needs of a traveler such as wifi, AC, Netflix, a work station, charging ports, an alarm clock, airline status updates, and of course a chair that converts into a bed

Using time-tested methodologies and best practices, they try to bring together disparate point systems from multiple providers into an environment that addresses resource planning, passenger experience, and asset management.

Key Players:

Some of the players leading the market and profiled in the analysis are Sleepbox (U.S.), GoSleep (U.S.), SnoozeCube (U.A.E), Minute Suites (U.S.), Napcabs (Germany), 9hours (Japan), Snooze At My Space (India), JetQuay (Singapore), MetroNaps (U.S.), Zzzleepandgo (Italy), and YOTEL (U.K) among others.

Industry/Innovation/Related News:

December 11, 2018 --- Perth Airport (Australia), inaugurated its sleeping pods installed at T1 precinct for travelers who want to catch up on sleep between flights. These pods are provided in partnership with Smarte Carte and Finnish company GoSleep. Authorities at the Perth are certain that the sleeping pods would be ideal for passengers who either arrived early or had connecting flights with some time in between.

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