02-Aug-2022 | Zion Market Research
The global aircraft sleeping pods market size was worth around USD 65.30 million in 2021 and is estimated to grow to about USD 84.07 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.30% over the forecast period. The report analyzes the aircraft sleeping pod drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in aircraft sleeping pods.
Aircraft sleeping pods, often called sleeping cabins, capsule hotels, nap pods, or snooze pods, offer sleeping areas in airports where travelers can catch up on sleep between flight stops. Passengers utilize sleeping pods, enclosed beds or cutting-edge chairs that may transform into sleeping pods with fold-flat beds during airport layovers. These sleeping pods include amenities like Wi-Fi, television, and the bare minimum of space for a person to relax. One of the key drivers of expanding the global airport sleeping pods market is an increase in government spending on providing passenger-friendly amenities at airports. For instance, the Indian government announced plans to invest US$120 billion in the construction of airport infrastructure in 2016. Most governments give private companies access to space for sleeping pods in airports to install and maintain the pods.
The term "airport sleeping pods" refers to scaled-down pay-as-you-go sleeping areas in airports. Passengers slumber in the airport sleeping pods in between flights. Passengers can often be broken down into three groups: those who are arriving, those who are going, and those who are changing locations. These travelers have different needs when it comes to using the services and amenities at the airport. Origin and destination (O&D) passengers are a subset of airline passengers. These travelers arrive and depart using airport services, such as parking, internal transit (auto rental, rail, taxis, and buses), check-in assistance, processing of checked bags, security inspections, etc. Passengers in transit and waiting for a subsequent flight may have distinct needs from those of travelers going from one place to another. The time passengers on an airline spend in transit can range from a few hours to a whole day. A nice and improved airport experience is provided by airport facilities that can accommodate passenger demands like offering a place to take a quick nap, spa & massage services, and free shower facilities. Families traveling together can appreciate kid-friendly amenities so their youngsters can pass the time while waiting to board the airline. Additionally, amenities like microwaves, baby cribs, and dress-changing rooms are preferred by travelers.
The market for airplane sleeping pods is segmented by product type, stay hours, airport type, and region. The market is divided into single occupancy and shared occupancy segments based on the kind of product. Based on stay hours, the global airplane sleeping pods market is divided into less than two hours and more than two hours. The market is split into international and domestic segments based on the kind of airport.
In terms of market share, North America led the global airport sleeping pods market in 2021 and will maintain its lead throughout the forecast period. Additionally, the market for sleeping pods at airports worldwide is expected to rise as more people travel by air.
India, China, and Japan are the three main growth economies in the Asia Pacific market, which is anticipated to develop at the greatest rate during the forecast period. Growing smart city initiatives and increasing air travel in emerging economies are two of the key drivers propelling the Asia Pacific market's expansion. The need for capsule hotels near airports is further fueled by the region's expanding travel and tourism sector, which also stimulates the sleeping pods' market.
Key players functioning in the global aircraft sleeping pods market include Nine hours, Go sleep, Jetquay, Metronaps, Minute Suites, Napcabs, Sleepbox, Snooze at My Space, Snoozecube, Yotel
Recent developments:
Browse the full “Aircraft Sleeping Pods Market By Product Type (Single Occupancy and Shared Occupancy), By Stay Hours (Less than 2 Hours and More than 2 Hours), By Airport Type (International and Domestic), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/aircraft-sleeping-pods-market
The global Aircraft Sleeping Pods Market is segmented as follows:
By product type
By stay hours
By airport types
By Region
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