Airport Sleeping Pods Market by Application, End-user, and Geography - Forecast and Analysis 2023-2027

The airport sleeping pods market is estimated to grow at a CAGR of 5.84% between 2022 and 2027, and the size of the market is forecast to increase by USD 20.84 million. The growth of the market depends on several factors, the benefits of sleeping pods, the rise in the number of airports in developing regions, and the increase in demand for affordability nap rooms. 

This report extensively covers market segmentation by application (single occupancy and shared occupancy), end-user (adults and children), and geography (Europe, APAC, North America, Middle East and Africa, and South America). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Airport Sleeping Pods Market During the Forecast Period?

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Technavio’s Exclusive Airport Sleeping Pods Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Global Airport Sleeping Pods Market Customer Landscape

Key Drivers, Trends, and Challenges

Our researchers studied the data for years, with 2022 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market. Although there has been a disruption in the growth of the market during the COVID-19 pandemic, a holistic analysis of drivers, trends, and challenges will help companies refine marketing strategies to gain a competitive advantage.    

Key  Driver
 

The benefits of sleeping pods are notably driving the market growth. Exposure to light has a significant impact on the human circadian rhythm, which in turn has a significant impact on when people feel sleepy and go to sleep. As many people struggle to fall asleep in environments with too much light, sleeping pods provide a controlled dark environment that is suitable for sleeping. A few of the benefits of sleeping pods include their ergonomic design, privacy visor, interface console, timed waking features, and built-in speakers.

In contrast to sleeping at a desk or even on a couch, which could result in back or neck pain, sleeping pods are designed to support people while they sleep. Sleeping pods with timers make it possible to take snoozes and wake up quietly without using an alarm that might wake up other people at work. For instance, EnergyPods vibrate and play soothing sounds that awaken sleeping people. White noise has the ability to help people fall asleep quickly and easily in busy or noisy environments, but not all sleeping pods have speakers for it. Such advantages are expected to drive the growth of the global market during the forecast period.

Significant Trends

The growth of the global travel and tourism industry is an emerging trend in market growth. The tourism sector has expanded significantly over the past few decades, particularly in places like Europe, Southeast Asia, and North America. The number of sleeping pods worldwide has increased as a result of the expansion of the tourism industry. Additionally, the expansion of the tourism sector has led to an increase in air passenger traffic. Due to the rising demand for air travel, the demand for sleeping pods is anticipated to rise across the globe during the forecast period. 

Moreover, it is anticipated that during the forecast period, global investments in airport infrastructure will significantly rise. For instance, China currently anticipates operating 400 airports by 2035. Over the next 14 years, the nation intends to build an additional 160 airports. During the 14th Five-Year Plan period (2021–2025), the Chinese government has committed to building more than 30 airport facilities for civil aviation, with a target capacity of two billion passengers. Additionally, permission was given for 241 airports to conduct nationwide operations. These factors will promote the growth of the tourism industry in the country, which, in turn, is expected to have a positive impact on the global market during the forecast period.

Major  Challenge

The high cost of sleeping pods is a major challenge impeding the market growth. Due to the fact that each model has a unique set of features, sleeping pods have an extremely high price range. One of two designs can be found in the majority of sleeping pods. The first is similar to the capsule hotels found in Japan, that has sleeping compartments, each the size of a bed. Users can lie down in these pods, which typically have a mattress and pillow. The second design combines a large dome that covers the head to provide privacy and darkness with an ergonomic, comfortable C-shaped lounger. These loungers have a zero-gravity design that makes them more comfortable to sleep in than a typical chair, despite looking less like a standard bed.

Luxury designs are unquestionably more expensive. Costs for a single pod can range from USD 8,000 to USD 12,000. Most sellers of sleeping pods encourage customers to contact them for a price quote. Using sleeping pods typically costs USD 10–USD 15 per hour. As a result, the high price of sleeping pods, which makes them unaffordable for consumers, may negatively affect their demand and, in turn, the growth of the global market during the forecast period.

Who are the Major Airport Sleeping Pods Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Gosleep - The company offers sleep pods for airports, hospitals, offices, and sports athletes. The key offerings of the company include airport sleeping pods that help to improve passenger experience levels and monetize non-commercial areas.

Metronaps - The company offers nap pods for offices, hospitals, universities, and fitness centers. The key offerings of the company include airport sleeping pods that combine luxurious comfort, innovative technology, and timeless design.

We also have detailed analyses of the market’s competitive landscape and offer information on seven market vendors, including:

• Minute Suites LLC
• NapCabs GmbH
• nine hours Inc.
• Sleepwing Ltd.
• SNOOZE AT MY SPACE
• Yotel Ltd.
• ZZZleepandGo Srl

Technavio report provides an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies vendors into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Vendors are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis. 

Airport Sleeping Pods Market Segmentation by Application, End-user, and Geography:

Application Segment Analysis: 

The single occupancy segment will contribute a major share of the market, as it includes several amenities such as charging ports, Wi-Fi, and TV. The segment showed a gradual increase in market share with USD 40.34 million in 2017 and continued to grow by 2021.  Some airport sleeping pods also provide extra services like VIP meals and shower facilities. Additionally, a number of factors, such as an increase in international travel and the need for travelers to be productive and alert during lengthy layovers, have contributed to the demand for airport sleeping pods.

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There is an increasing demand for more private and secure spaces as a result of many airports hosting thousands of travelers each day. Sleeping pods are the perfect solution because they give travelers a chance to sleep without being disturbed by the commotion of the airport. Despite the substantial demand, there are some difficulties the industry must overcome. Making sure the technology powering the pods stays current and user-friendly is one of the main challenges. When using sleeping pods, some travelers might be hesitant if they are unfamiliar with the technology or run into technical difficulties. Making sure sleeping pods are properly maintained and cleaned in between uses is another difficulty. There is a chance that sleeping pods could become dirty or even contaminated with germs or viruses because of the high volume of traffic in airports. To reduce the risk of infection, businesses, therefore, are taking precautions to guarantee that their sleeping pods are routinely cleaned and disinfected. Hence, the above-mentioned factors are expected to drive the growth of the single occupancy segment in the global market during the forecast period. 

End-user Segment Analysis: 

Adult travelers frequently need a quiet, private space to rest and refuel during extended layovers or delays, so airport sleeping pod adoption is high among this group. They might also be open to paying more for comforts and amenities. The increased level of privacy that sleeping pods provide is one of the most important benefits for adult travelers. Sleeping pods offer a private, quiet area to rest and relax, in contrast to the crowded, noisy traditional airport lounges. This is crucial for business travelers who must maintain concentration and productivity while waiting in airports. The comfort that airport sleeping pods offer to adult travelers is another benefit. Many pods come with amenities like cozy beds, climate control, and lots of storage, making them a great choice for extended layovers or delays. Some pods also include extra features like shower rooms, which are particularly helpful for passengers who have been in the air for a long time and need to freshen up before their next flight. Airport sleeping pods can offer adult travelers a distinctive and memorable experience in addition to these useful advantages. Some pods feature interiors that are sleek or futuristic in design, which can be a fun and interesting departure from the routine airport experience. They can also help reduce stress, anxiety, and fatigue, making for a more enjoyable and relaxed traveling experience. Hence, the above-mentioned factors are expected to drive the growth of the adult segment in the global airport sleeping pods market during the forecast period.

Regional Analysis:

Europe is estimated to contribute 37% to the growth by 2027. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market during the forecast period.  

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Due to the growing demand for the product from end-users like consumers in the region, Europe currently holds a significant portion of the global airport sleeping pods market. The quick availability of cutting-edge technologies in the area, the high disposable income of consumers, and the increased awareness of sleeping pods all contribute to the regional market's growth.

The market for regional airport sleeping pods is expected to grow in the coming years as a result of the expansion of the travel and tourism sector in the area. For example, Statista data shows that the number of foreign visitors arriving in Europe increased by 58.63% in 2022 compared to 2020, with the UK having the most dep/arr flights on average over the previous week (5,373), followed by Germany (4,919), Spain (4,768), France (4,092), Italy (3,606), and Turkiye (2,982). Additionally, it was estimated that in 2022, 620,000 trips were made to Central and Eastern Europe. Airports are investing in sleeping pods to provide improved services at low operating costs as a result of the steadily growing passenger traffic.

The market for regional airport sleeping pods is expanding as a result of the rising demand for inexpensive lodging that is also reasonably priced. The hourly cost of a sleeping pod can range from USD 10 to USD 15. The mid-range sleeping pods, which range in price from USD 20 to USD 72 for a night's stay, also provide simple amenities. The demand for affordable lodging, including sleeping pods, has increased due to the increase in domestic and foreign tourists visiting Europe in nations like the UK, Germany, France, Italy, and other nations. The majority of the travelers in these countries prefer to stay in sleeping pods that have simple accommodations, which is expected to boost the growth of the regional airport sleeping pods market during the forecast period.

Covid Recovery Analysis:

The outbreak of the COVID-19 pandemic in early 2020 negatively impacted the market. However, in 2021, the introduction of COVID-19 vaccines led to the resumption of activities. Travel restrictions were removed, and airports resumed commercial flight services. This, in turn, increased the demand for sleeping pods during 2021 and 2022. Thus, such factors are expected to drive the growth of the market during the forecast period.

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Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. 

• Application Outlook (USD Million, 2017 - 2027)
  • Single occupancy
  • Shared occupancy

• End-user Outlook (USD Million, 2017 - 2027)
  • Adults
  • Children

• Region Outlook (USD Million, 2017 - 2027)
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa
  • South America
    • Chile
    • Brazil
    • Argentina

Airport Sleeping Pods Market Scope
Report Coverage	Details
Page number	135
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 5.84%
Market growth 2023-2027	USD 20.84 million
Market structure	Concentrated
YoY growth 2022-2023(%)	5.15
Regional analysis	Europe, APAC, North America, Middle East and Africa, and South America
Performing market contribution	APAC at 37%
Key countries	US, China, Japan, UK, and Germany
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	Gosleep, Metronaps, Minute Suites LLC, NapCabs GmbH, nine hours Inc., Sleepwing Ltd., SNOOZE AT MY SPACE, Yotel Ltd., and ZZZleepandGo Srl
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Airport Sleeping Pods Market Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the airport sleeping pods market between 2023 and 2027
• Precise estimation of the size of the airport sleeping pods market size and its contribution to the market in focus on the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the market industry across Europe, APAC, North America, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of airport sleeping pods market vendors

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