Global Airport Sleeping Pods Market Size and Share Revenue is Predicted to Reach 134.28 Million, Growing At a 7.79% of CAGR

Washington, DC, June 08, 2023 (GLOBE NEWSWIRE) -- Zion Market Research has published a new research report titled “Airport Sleeping Pods Market By Module (Single Nap Pod, Compact Nap Pod, Multiple Nap Pod, And Double Nap Pod), By End-User (Adult And Children), By Product (Shared Occupancy Sleeping Pods And Single Occupancy Sleeping Pods), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030” in its research database.

“According to the latest research study, the demand of global Airport Sleeping Pods Market size & share in terms of revenue was valued at USD 73.69 million in 2022 and it is expected to surpass around USD 134.28 million mark by 2030, growing at a compound annual growth rate (CAGR) of approximately 7.79% during the forecast period 2023 to 2030.”

What is Airport Sleeping Pods? How big is the Airport Sleeping Pods Industry?

Report Overview:

The global airport sleeping pods market size was worth around USD 73.69 million in 2022 and is predicted to grow to around USD 134.28 million by 2030 with a compound annual growth rate (CAGR) of roughly 7.79% between 2023 and 2030.

The airport sleeping pods industry deals with the production, distribution, and after-sales services related to airport sleeping pods. In recent times, the market has grown tremendously and is expected to continue the same trend in the near future. They are equipped with modern-age comforting amenities such as reclining chairs or beds along with charging ports to ensure that travelers at the airport can rest for some time during transit, delays, or layovers. The market mainly focuses on creating a relaxing service for passengers with dedicated space to sleep, nap, or simply relax in a private and secure setting. These pods offer comfort, convenience, and privacy allowing passengers to rejuvenate before the next flight. The industry is full of players that work on designing, installing, operating, and maintaining sleeping pods at airports.

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Global Airport Sleeping Pods Market: Growth Factors

The global airport sleeping pods market is projected to grow with the increasing number of long layovers and flight delays. As the traveler rate across the globe has surged in recent times, the number of incidents related to flight delays, cancellations, or extended layovers has also increased in the same duration. Such incidents can be tiring for passengers who have already covered a large distance when traveling from other regions.

Sleeping pods provide much-needed comfort to such people. In addition to this, the rising number of budget-conscious travelers is another significant contributor to the market. Many people may not be comfortable with spending more money on booking a hotel outside the airport during long layovers due to the high associated cost. In such conditions, airport sleeping pods provide a cost-effective alternative. The convenience and time-saving options offered by the pods have become an excellent selling point in the industry. The passengers do not have to leave the airport premises and they can choose a service closer to the terminal which also acts in the favor of the market.

However, the global airport sleeping pods industry also deals with several growth restraints. There are serious regulatory and security concerns surrounding the use of sleeping pods at the airport. Companies that wish to supply their services at the airports must comply with the rules and regulations laid down by the airport authorities. Additionally, ensuring the safety of the sleeping pods, especially in areas with high security, can be challenging and may pose regulatory hurdles for their widespread adoption.

The growing number of airport facilities may open more doors for growth while proving cost-effectiveness and profitability could challenge market growth.

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Report Scope

Airport Sleeping Pods Market: Segmentation Analysis

The global airport sleeping pods market is segmented based on module, end-user, product, and region.

Based on module, the global market segments are single nap pod, compact nap pod, multiple nap pod, and double nap pod. In 2022, the industry generated the highest revenue in the single nap pod segment. These types of pods are designed for individual use and can accommodate one person at a given time. They are typically equipped with either a reclining chair or a bed that is comfortable and sufficient for one person. Compact nap pods, although similar to single nap pods, are designed to optimize space efficiency. The footprint may be compact but they are extremely comfortable to lie in. Double nap pods and multiple nap pods are manufactured to accommodate more than one person and they have a larger area of resting. The price of using sleeping pods designed by NapCabs ranged between 10 to 15 EUR.

Based on end-user, the airport sleeping pods industry segments are adult and children. The segment is dominated by the former section of users influenced by multiple factors. For instance, an analysis of traveler demographics indicated that the majority of the travelers are adults which includes business travelers, solo travelers, and leisure travelers. They generally tend to have long-duration layovers and may be in need of comfortable resting space. The high privacy concerns in adults are another contributor to the segmental revenue since they prefer to sleep or lie down in secluded spaces. Furthermore, business travelers may use the space for work purposes and hence might need a quiet place to finish up the work. A report by Condor Ferries explains that the US witnesses more than 1.3 million people traveling for business purposes every day.

Based on product, the global market segments are shared occupancy sleeping pods and single occupancy sleeping pods.

The global Airport Sleeping Pods market is segmented as follows:

By Module

• Single Nap Pod
• Compact Nap Pod
• Multiple Nap Pod
• Double Nap Pod

By End-User

• Adult
• Children

By Product

• Shared Occupancy Sleeping Pods
• Single Occupancy Sleeping Pods

Browse the full “Airport Sleeping Pods Market By Module (Single Nap Pod, Compact Nap Pod, Multiple Nap Pod, And Double Nap Pod), By End-User (Adult And Children), By Product (Shared Occupancy Sleeping Pods And Single Occupancy Sleeping Pods), And By Region - Global And Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, And Forecasts 2023 – 2030"- Report at https://www.zionmarketresearch.com/report/airport-sleeping-pods-market

Competitive Landscape

Some of the main competitors dominating the global Airport Sleeping Pods market include - 

• Sleepbox
• GoSleep
• Minute Suites
• YOTELAIR
• Napcabs
• Podtime
• SnoozeCube
• JetQuay Suites
• Zzzleepandgo
• Snooze at My Space
• Napcab
• Sleep Lounge
• Sleep 'n fly
• Relax Zones
• Snooze Project
• Sleep Pods
• Hush Experience
• SleepBox by AirPod
• Napbox
• Sleeping in Airports
• AirDreams
• Airport Pod
• The Zleep Hotel
• Sleeping Pods by MetroNaps.

 Key Insights from Primary Research:

• According to the analysis shared by our research forecaster, the Airport Sleeping Pods market is likely to expand at a CAGR of around 7.79% during the forecast period (2023-2030).                                
• In terms of revenue, the Airport Sleeping Pods market size was valued at around US$ 73.69 million in 2022 and is projected to reach US$ 134.28 million by 2030.
• The airport sleeping pods market is projected to grow at a significant rate due to the growing passenger traffic across the globe.
• Based on module segmentation, a single nap pod was predicted to show maximum market share in the year 2022.
• Based on product segmentation, shared occupancy sleeping pods were the leading product in 2022.
• On the basis of region, North America was the leading revenue generator in 2022.

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Key questions answered in this report:

• What is the market size and growth rate forecast for Airport Sleeping Pods industry?
• What are the main driving factors propelling the Airport Sleeping Pods Market forward?
• What are the leading companies in the Airport Sleeping Pods Industry?
• What segments does the Airport Sleeping Pods Market cover?
• How can I receive a free copy of the Airport Sleeping Pods Market sample report and company profiles?

Key Offerings:

• Market Size & Forecast by Revenue | 2023−2030
• Market Dynamics – Leading Trends, Growth Drivers, Restraints, and Investment Opportunities
• Market Segmentation – A detailed analysis By Module, By End-User, By Product, and By Region
• Competitive Landscape – Top Key Vendors and Other Prominent Vendors

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Regional Analysis:

The global airport sleeping pods market is expected to witness surging growth in North America mainly driven by the existing high demand for the sleeping pods at some of the busiest airports of the US and Canadian regions, with the former registering millions of footfalls every day. Additionally, the presence of several companies making breakthrough contributions in the industry could also assist the regional market.

Growth in the European territory is a result of increasing tourism in the regions of Spain, Portugal, the Netherlands, and other economies. This has caused the regional airport authorities to invest in improving the passenger travel experience by deploying sleeping pods. Furthermore, the rise in investments in terms of monetary and non-monetary resources to improve Europe’s aviation sector could also benefit the regional market.

Asia-Pacific is projected to grow owing to the initiatives underta

By Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • France
  • UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of Asia Pacific
• The Middle East & Africa
  • Saudi Arabia
  • South Africa
  • Rest of the Middle East & Africa
• Latin America
  • Brazil
  • Argentina
  • Rest of Latin America

Recent Developments

• In January 2022, Vienna Airport unveiled its first sleeping pods available on rest at its T3 terminal. The pods are provided by the startup Zzzleepandgo
• In February 2022, the Zurich Airport became home to the largest capsule hotel in all of Europe

To know an additional revised 2023 list of market players, request a brochure of the report: https://www.zionmarketresearch.com/requestbrochure/airport-sleeping-pods-market

FREQUENTLY ASKED QUESTIONS

• What is airport sleeping pods?
• Which key factors will influence airport sleeping pods market growth over 2023-2030?
• What will be the value of the airport sleeping pods market during 2023-2030?
• What will be the CAGR value of the airport sleeping pods market during 2023-2030?
• Which region will contribute notably towards the airport sleeping pods market value?
• Which are the major players leveraging the airport sleeping pods market growth?

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