Airport Sleeping Pods Market
Airport Sleeping Pods Market size is expected to grow at a CAGR of 8% during the forecast period. The airport sleeping pods are also known as snooze pods, sleeping cabins, of capsule hotels that are sleeping places in airports where passengers can get some sleep and rest during flights.
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 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 2030, registering a CAGR around 8% throughout the forecast period (2020 to 2030).
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 airport sleeping pods market to an extent.
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.
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 workstation, 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.
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.
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.
Table Of Contents
1. Executive Summary
1.1. Market Attractiveness Analysis
1.1.1. Global Airport Sleeping Pods Market, By Product Type
1.1.2. Global Airport Sleeping Pods Market, By Stay Hours
1.1.3. Global Airport Sleeping Pods Market, By Airport Types
1.1.4. Global Airport Sleeping Pods Market, By Region
2. Market Introduction
2.1. Market Definition
2.2. Scope Of The Study
2.3. Market Structure
2.4. Key Buying Criteria
2.5. Market Factor Indicator Analysis
3. Research Methodology
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List Of Assumptions
4. Market Insights
5. Market Dynamics
5.2.1. Increasing Air Passenger Traffic
5.2.2. Increasing Incidences Of Flight Delay
5.3.1. Requirement Of More Space
5.4.1. Development Of Foldable Airport Sleeping Pods
5.5. Market/Technological Trends
5.6. Patent Trends
5.7. Regulatory Landscape/Standards
Airport Sleeping Pods Market Research Report: Information by Product Type (Single Occupancy and Shared Occupancy), Stay Hours (Less than 2 Hours and More than 2 Hours), Airport Types (International and Domestic), and Region (North America, Europe, Asia-Pacific, the Middle East & Africa, and Latin America)-Forecast till 2030 @https://www.marketresearchfuture.com/reports/airport-sleeping-pods-market-6028
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