Sleeping Pods and Cabins Market - Global Outlook and Forecast 2019-2024

PUBLISHED DATE : Oct 2019 | Pages : 148

Up to $500 off Until Aug 2022

SLEEPING PODS AND CABINS MARKET SIZE TO REACH USD 269 MILLION BY 2024, GROWING AT A CAGR OF OVER 2% DURING THE FORECAST PERIOD.

Sleeping Pods and Cabins Market Size, Share, & Trends Analysis Report by End-user (Airports, Hotels, and Others), Service Type (Pods and Cabins), and Geography (North America, Europe, APAC, and Rest of the World), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2019–2024

Licence Types What are these?
GET ACTIONABLE INSIGHTS ON HOW COVID-19 IS IMPACTING YOUR BUSINESS
Enquire Now Download Free Sample

Most Exhaustive Report

icon-pages

148 Pages

icon-table

23 Tables

icon-chart

57 Charts

icon-region

15 Regions

icon-country

3 Countries

icon-company

4 Companies

icon-market

12 Market Segment

SLEEPING PODS AND CABINS MARKET REPORT SCOPE

Report Attribute Details
MARKET SIZE (REVENUE) USD 269 MILLION (2024)
CAGR 2% (2019-2024)
Base Year 2018
Forecast Year 2019-2024
Market Segments End-user (Airports, Hotels, and Others), Service Type (Pods and Cabins)
Geographic Analysis North America, Europe, APAC, Rest of the World
Countries Covered Australia, Brazil, Canada, China, Germany, India, Italy, Japan, Mexico, Russia, South Africa, South Korea, UAE, UK, and US

INDUSTRY INSIGHTS

The growth in air passenger traffic has necessitated the need for expanding the existing capacity of airports worldwide.

The sleeping pods and cabins market size to reach USD 269 million by 2024, growing at a CAGR of over 2% during the forecast period. The use of emerging technologies to smoothen the operation at airports and provide superior services has driven airport operators to deliver passenger-friendly services. Hence, the positioning of pods and services as facilities, which provide services with high-quality grading at a low-price, is expected to sustain the sleeping pods market in the longer run.

Airports authorities are actively embarking on modernization plans and pumping hefty investments into mega modernization projects to elevate airport infrastructure and services. This is to ensure that they transform their facilities and operations into what they envision to be expected of a market leader as they serve a growing number of passengers year on year. Operational inefficiencies, long waiting times, inadequate and aging facilities, limited retail, poor accessibility, and unpleasant staff attitudes are some of the common examples of negative passenger experience encountered by travelers around the world. Therefore, the growth of smart and modern airports is expected to boost pod and cabin services.

The rise in transfer passengers and layover times is also likely to drive the need for napping facilities at airports. Sleeping pods and cabins are expected to have higher traction during the latter half of the forecast period as airports are currently experimenting with the idea of offering sleeping facilities. Steady growth rates have characterized the aviation market over the last few years. The growing numbers of passengers is a significant driver for the rise of the aviation industry. China is the largest source of outbound tourists in the world, with 122 million travelers in 2016.

Further, the APAC region is undergoing massive changes, with smart features and processes being set up at airports. Hence, the increase in global passenger traffic is likely to drive the global sleeping pods market. The global sleeping pods and cabins market is expected to reach over $255 million by 2024.

SLEEPING PODS AND CABINS MARKET SEGMENTATION

The research report includes detailed market segmentation by

  • End-user
  • Service type
  • Geography

INSIGHTS BY END-USER TYPE

Sleeping pods and cabins services are increasing as many airports are adopting the new age relaxation and boarding facilities

The demand for sleeping pods is mainly high from the hotel segment. The deployment of sleeping cabins and pods is increasing in the hotel industry, especially capsule hotels. In terms of geography, the demand for the pod is high in Asia, while cabins are highly preferred in Europe and North America.  The global hotel industry is growing actively with several emerging countries witnessing growth in inbound tourism. Although the US is the largest market for hotels, the growth is hampered by the high cost of rooms and the overall high cost of living.

Sleeping pods and cabins services at airports are growing rapidly as many airports are adopting the new age relaxation and boarding facilities. These services enable air travelers to spend more time inside airports. Airport sleeping pods and cabins are small and charge on per hours basis charge. They offer relaxation joints, which allow the air traveler private space, charge electronic devices, safely deposit the belongings and have other amenities to refresh before taking the long-haul flights. Singapore Changi Airport, Jakarta Airport, Hong Kong Airport, Kuala Lumpur airport, and Bangkok airport have the highest number of transit passengers in APAC. Hence, the rise in transit passengers and the increase in affordability of air travel are likely to augur well for the sleeping pods market at airports.

The growth in other sectors, which include hospitals, railways, and utility centers, arenas, and conference centers, is expected to drive the demand for sleeping pods and cabins during the forecast period. Corporate offices usually procure single-use pod with no additional value-added features as they are mainly used to take naps. Pods have a high acceptability rate among corporate offices and act as a differentiating factor for the employer’s firm. Therefore, the trend of taking responsibility for employees’ wellbeing is likely to drive the adoption of sleeping pods.                                                                    

INSIGHTS BY SERVICES TYPES

The cabin segment is expected to witness high demand in North America, Latin America, and Europe 

The popularity of pods or cabins mainly depends on cultural ethos, sleeping habits, types of travelers, and the budget of the traveler. European and North American airports are witnessing a high occupancy of sleeping pods. Also, the acceptance of pods as capsule hotels and napping facilities at airports is widely growing in APAC. The demand mainly stems from airports, corporations, and hotels. However, the functionality of pods in hotels completely varies from airports and corporates. The adoption of pod in hotels is high as they save time and efforts. The sleeping pods market is growing at a faster rate than the cabins segment as the deployment of pods is higher than cabins, which require ample space.

Sleeping cabins have been popular in North America and Western Europe as they are considerably large. Cabins are like micro hotels with little fewer amenities than regular micro hotels. The cabin market is expected to witness high demand in North America, Latin America, and Europe as these regions are seeing an increase in the number of international travelers.

INSIGHTS BY GEOGRAPHY

Riyadh, Dubai, Sharjah, and Abu Dhabi provide the massive potential for pods and cabin vendors as these locations witness high transit passenger volume

The sleeping pods and cabins market is dominated by APAC, Europe, and North America. The APAC sleeping pods market is largely volume-driven due to the growing number of economic travelers looking for low-cost lodging services, along with tremendous growth of the aviation industry in China.  Further, these have been widely adopted in major countries such as China, Japan, and Australia as these countries are emerging as major trade hubs. Also, the growth of the middle-class population with high disposable incomes is expected to drive the sleeping pods market in APAC.

North America is likely to emerge as one of the fastest-growing sleeping cabins and sleeping pods market. As airports in North America are one of the best-managed airports with a high level of focus on providing quality amenities, the growth potential for sleeping cabins and pods is high. Also, the rise in passenger traffic is expected to increase, which is leading to the modernization of airport infrastructure. The sleeping pods market in the US is gaining popularity because vendors are making changes to the traditional pod by reworking on the size and increasing the amenities. However, the sleeping pods market in Canada is limited as there is a lack of awareness of budget lodging facilities.

The Europe market for nap pods and cabins is steadily growing as it is one of the regions with the most developed airport infrastructure and a maximum number of international airports and tourist destinations. Favorable support from airports, universities, and corporates in Europe is driving the pods and cabins industry. Further, the presence of the highest number of transit points in Europe is the major driving factor for the growth of the sleep market.

The concept of sleeping pods and cabins is new in Latin America with no large-scale commercialization. The adoption of pods and cabins is currently limited to hotels and airports. Developing countries of Latin America still prefer traditional hotels as they are not expensive, and the overall cost of living is low in Latin America. The sleeping pods market in MEA is at a nascent stage with services limited to only major cities, which are either trade or tourist hubs. However, developed urban cities such as Riyadh, Dubai, Sharjah, and Abu Dhabi provide a vast potential for vendors as the transit passenger volume at these locations is very high.

KEY VENDORS ANALYSIS

The global sleeping pods and cabins market is at a nascent stage with several markets in the experimentation stage worldwide. The growth of the market is expected majorly from airports and pod-based or cabin-based hotels. The competition is currently stiff in the airport segment as many companies are looking to gain the first-mover advantage. With a high level of expansion being planned across regions, the sleeping pods market is expected to attract several investors.

The competition in the pod hotels market is offset by the unique position of the hotel in the industry. Most pod hotels are offering high-quality services at a low price. Unlike the traditional hotel where the prices are high, and the hostels where security, privacy, and service levels are challenges, pod hotels have maintained an image of high-quality, affordable service.

In the corporate sector, the market faces competition from the recliner/furniture industry, and other forms of sleeping facilities, as they are comparatively lower in the cost. The shift to pods or cabins in the corporate premise is slow they consume space and are expensive.

Since the initial cost of manufacturing and installation is high, many different business models have been adopted. The competition level is expected to increase as airports have started to explore solutions, which provide a superior travel experience for customers and increase their non-aeronautical revenues.

The Sleeping Pods and Cabins market research report includes in-depth coverage of the industry analysis with revenue and forecast insights for the following segments:

Market Segmentation by End-user Type

  • Airports
  • Hotels
  • Others

By Service Type

  • Pods
  • Cabins

By Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • Russia
  • APAC
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • RoW
    • Mexico
    • Brazil
    • South Africa
    • UAE

Frequently Asked Questions

What is the market size and CAGR of the Sleeping Pods and Cabins Market?

Sleeping pods and cabins market size to reach USD 269 million by 2024 growing at a CAGR of over 2% during the forecast period.

What factors are driving the Sleeping Pods and Cabins Market?

The growth in air passenger traffic has necessitated the need for expanding the existing capacity of airports worldwide. The use of emerging technologies to smoothen the operation at airports and provide superior services has driven airport operators to deliver passenger-friendly services

Who are the leading market players in the Sleeping Pods and Cabins Market?

9 Hours, GoSleep, izZzleep, Metronaps, Napbox, Napcabs, Podtime, Siesta Box, Sleepbox, Snooze at My Space, Snoozecubes, and ZZZleepandGo are leading vendors

What are the factors influencing the growth of APAC sleeping pods market during the forecast period?

The APAC sleeping pods market is largely volume-driven due to the growing number of economic travelers looking for low-cost lodging services, along with tremendous growth of the aviation industry in China.

Download Free Sample

The global sleeping pods and cabins market is expected to reach over $255 million by 2024.

 The following factors are likely to contribute to the growth of the sleeping pods market during the forecast period:

  • Growing Passenger Friendly Infrastructure at Airports
  • Pods Purchase Market Growth Posing Threat to Service Market
  • The advent of Non-traditional Lodging Facilities

Base Year:                  2018

Forecast Year:           2019–2024

The study considers the present scenario of the sleeping pods market and its market dynamics for the period 2018−2024. It covers a detailed overview of several market growth enablers, restraints, and trends. The report covers both the demand and supply aspect of the market. The study profiles and examines leading companies and other prominent companies operating in the sleeping pods market.

Key Vendors

  • 9hours
    • Business Overview
    • Major Product Offerings
    • Key Takeaways
  • GoSleep
  • izZzleep
  • Metronaps
  • Napbox
  • Napcabs
  • Podtime
  • Siesta Box
  • Sleepbox
  • Snooze at My Space
  • Snoozecubes
  • ZZZleepandGo

Market Segmentation by End-user Type

  • Airports
  • Hotels
  • Others

Market Segmentation by Service Type

  • Pods
  • Cabins

Market Segmentation by Geography

  • North America
    • US
    • Canada
  • Europe
    • Germany
    • UK
    • Italy
    • Russia
  • APAC
    • China
    • Japan
    • India
    • Australia
    • South Korea
  • RoW
    • Mexico
    • Brazil
    • South Africa
    • UAE

1 Research Methodology

2 Research Objectives

3 Research Process

4 Scope & Coverage

4.1 Market Definition

4.1.1 Inclusions

4.1.2 Exclusions

4.2 Base Year

4.3 Scope of the study

4.4 Market Segments

4.4.1 Market Segmentation by End-users

4.4.2 Market Segmentation by Service Type

4.4.3 Market Segmentation by Geography

5 Report Assumptions & Caveats

5.1 Key Caveats

5.2 Currency Conversion

5.3 Market Derivation

6 Market at a Glance

7 Introduction

7.1 Overview

7.1.1 Key Insights

7.2 MacroEconomic Factors

8 Market Dynamics

8.1 Market Growth Enablers

8.1.1 Growth in Air Travellers

8.1.2 Advent of Non-traditional Lodging Facilities

8.1.3 Increase in Smart & Modern Airports

8.2 Market Growth Restraints

8.2.1 Retail Real Estate Cost at Airports

8.2.2 Space & Cost Constraints

8.2.3 Higher Dependence on Airport & Hotels

8.3 Market Opportunities & Trends

8.3.1 Growth in Passenger-friendly Infrastructure at Airports

8.3.2 Rising Pods Purchase Posing Threat to Service Providers

8.3.3 Air Travel Market Growth Aiding Passenger Amenities

9 Market Landscape

9.1 Market Overview

9.1.1 Key Insights

9.2 Market Size & Forecast

9.3 Five Forces Analysis

9.3.1 Threat of New Entrants

9.3.2 Bargaining Power of Suppliers

9.3.3 Bargaining Power of Buyers

9.3.4 Threat of Substitutes

9.3.5 Competitive Rivalry

10 Sleeping Pods and Cabins Market by End-Users

10.1 Market Snapshot & Growth Engine

10.2 Market Overview

10.3 Hotels

10.3.1 Market Size & Forecast

10.4 Airports

10.4.1 Market Size & Forecast

10.5 Other End-users

10.5.1 Market Size & Forecast

11 Sleeping Pods and Cabins Market by Service Type

11.1 Market Snapshot & Growth Engine

11.2 Market Overview

11.3 Pods

11.3.1 Market Size & Forecast

11.4 Cabins

11.4.1 Market Size & Forecast

12 Sleeping Pods and Cabins Market by Geography

12.1 Market Snapshot & Growth Engine

12.2 Overview

12.2.1 Key Insights

13 APAC

13.1 Market Overview

13.2 Key Insights

13.3 Market Size & Forecast

13.4 Key Countries

13.4.1 Japan: Sleeping Pods and Cabins Market Size & Forecast

13.4.2 China: Market Size & Forecast

13.4.3 South Korea: Sleeping Pods and Cabins Market Size & Forecast

13.4.4 Australia: Market Size & Forecast

13.4.5 India: Sleeping Pods and Cabins Market Size & Forecast

14 North America

14.1 Market Overview

14.2 Market Size & Forecast

14.3 Key Countries

14.3.1 US: Sleeping Pods and Cabins Market Size & Forecast

14.3.2 Canada: Market Size & Forecast

15 Europe

15.1 Market Overview

15.2 Key Insights

15.3 Market Size & Forecast

15.4 Key Countries

15.4.1 Germany: Sleeping Pods and Cabins Market Size & Forecast

15.4.2 Russia: Market Size & Forecast

15.4.3 UK: Sleeping Pods and Cabins Market Size & Forecast

15.4.4 Italy: Market Size & Forecast

16 Rest of The World

16.1 Market Overview

16.2 Market Size & Forecast

16.3 Key Countries

16.3.1 UAE: Sleeping Pods and Cabins Market Size & Forecast

16.3.2 Mexico: Market Size & Forecast

16.3.3 Brazil: Sleeping Pods and Cabins Market Size & Forecast

16.3.4 South Africa: Market Size & Forecast

17 Competitive Landscape

17.1 Competition Overview

18 Key Company Profiles

18.1 GoSleep

18.1.1 Business Overview

18.1.2 Service Offerings

18.1.3 Key Takeaways

18.2 izZzleep

18.2.1 Business Overview

18.2.2 Service Offerings

18.3 MetroNaps

18.3.1 Business Overview

18.3.2 Product and Service Offerings

18.4 Napbox

18.4.1 Business Overview

18.4.2 Service Offerings

18.5 Sleepbox

18.5.1 Business Overview

18.5.2 Service Offerings

18.6 Snooze at My Space

18.6.1 Business Overview

18.6.2 Service Offerings

18.7 Napcabs

18.7.1 Business Overview

18.7.2 Service Offerings

18.8 Snoozecube

18.8.1 Business Overview

18.8.2 Service Offerings

18.9 ZZZleepandGo

18.9.1 Business Overview

18.9.2 Service Offerings

18.10 9 Hours

18.10.1 Business Overview

18.10.2 Service Offerings

18.11 Siesta Box

18.11.1 Business Overview

18.11.2 Service Offerings

18.12 Podtime

18.12.1 Business Overview

18.12.2 Product Offerings

19 Report Summary

19.1 Key Takeaways

19.2 Quantitative Summary

19.2.1 Service Type

19.2.2 End-User

19.2.3 Geography

20 Appendix

20.1 Abbreviations

List of Exhibits 

Exhibit 1               Segmentation of Global Sleeping Pods and Cabins Market

Exhibit 2               Market Size Calculation Approach 2018

Exhibit 3               GDP Growth 2010–2023 (annual % change)

Exhibit 4               Global GDP Growth 2017 (annual % change)

Exhibit 5               Growth in Air Travellers

Exhibit 6               International Passenger Traffic Growth in March 2018 (Y-o-Y)

Exhibit 7               Advent of Non-traditional Lodging Facilities

Exhibit 8               Increase in Smart & Modern Airports

Exhibit 9               Retail Real Estate Cost at Airports

Exhibit 10               Space & Cost Constraints

Exhibit 11             Higher Dependence on Airports & Hotels

Exhibit 12             Growth in Passenger-friendly Infrastructure at Airports

Exhibit 13             Rising Pods Purchase Posing Threat to Service Providers

Exhibit 14             Air Travel Market Growth Aiding Passenger Amenities

Exhibit 15             Global Sleeping Pods and Cabins Market 2018−2024 ($ million)

Exhibit 16             Five Forces Analysis 2018

Exhibit 17             Incremental Growth by Sleeping Pods and Cabins End-users 2018−2024

Exhibit 18             End-user Market Share and Growth Momentum

Exhibit 19             Global Hotels Sleeping Pods and Cabins Market 2018−2024 ($ million)

Exhibit 20             Global Passengers Split 2017

Exhibit 21             International Passenger Travel Mode 2017

Exhibit 22             Global Airports Sleeping Pods and Cabins Market 2018−2024 ($ million)

Exhibit 23             Global Other Sleeping Pods and Cabins Market 2018−2024 ($ million)

Exhibit 24             Incremental Growth by Service Type 2018−2024

Exhibit 25             Pods – Market Snapshot

Exhibit 26             Global Sleeping Pods Market 2018−2024 ($ million)

Exhibit 27             Global Sleeping Cabins Market 2018−2024 ($ million)

Exhibit 28             Incremental Growth by Geography 2018−2024

Exhibit 29             Geography Market Share and Growth Momentum

Exhibit 30             APAC - Risk Assessment

Exhibit 31             Growing Middle Class

Exhibit 32             Risk Assessment - APAC

Exhibit 33             Market in APAC 2018–2024 ($ million)

Exhibit 34             Incremental Growth in APAC 2018–2024

Exhibit 35             Market in Japan 2018–2024 ($ million)

Exhibit 36             Market in China 2018–2024 ($ million)

Exhibit 37             Market in South Korea 2018–2024 ($ million)

Exhibit 38             Market in Australia 2018–2024 ($ million)

Exhibit 39             Market in India 2018–2024 ($ million)

Exhibit 40             North America – Risk Assessment

Exhibit 41             Market in North America 2018–2024 ($ million)

Exhibit 42             Incremental Growth in North America 2018–2024

Exhibit 43             Market in US 2018–2024 ($ million)

Exhibit 44             Market in Canada 2018–2024 ($ million)

Exhibit 45             Europe – Risk Assessment

Exhibit 46             Market in Europe 2018–2024 ($ million)

Exhibit 47             Incremental Growth in Europe 2018–2024

Exhibit 48             Market in Germany 2018–2024 ($ million)

Exhibit 49             Market in Russia 2018–2024 ($ million)

Exhibit 50             Market in UK 2018–2024 ($ million)

Exhibit 51             Market in Italy 2018–2024 ($ million)

Exhibit 52             Market in ROW 2018–2024 ($ million)

Exhibit 53             Incremental Growth in ROW 2018–2024

Exhibit 54             Market in UAE 2018–2024 ($ million)

Exhibit 55             Market in Mexico 2018–2024 ($ million)

Exhibit 56             Market in Brazil 2018–2024 ($ million)

Exhibit 57             Market in South Africa 2018–2024 ($ million)

               

List of Tables     

Table 1                  Key Caveats

Table 2                  Currency Conversion 2013−2018

Table 3                  Airports with Highest International Passengers 2017

Table 4                  International Passengers – Mexico

Table 5                  Major Airports in Mexico

Table 6                  GoSleep: Key Service Offerings

Table 7                  izZzleep: Key Service Offerings

Table 8                  MetroNaps: Key Product and Service Offerings

Table 9                  Napbox: Key Service Offerings

Table 10               Sleepingbox: Key Service Offerings

Table 11               Snooze at My Space: Key Service Offerings

Table 12               napcabs: Service Offerings

Table 13               Sboozecube: Key Service Offerings

Table 14               ZZZleepandGo: Key Service Offerings

Table 15               9 Hours: Key Service Offerings

Table 16               Siesta Box: Key Service Offerings

Table 17               Podtime: Key Product Offerings

Table 18               Global Sleeping Pods and Cabins Market by Service Type ($ million)

Table 19               Market by Service Type (%)

Table 20               Global Sleeping Pods and Cabins Market by End-user Type ($ million)

Table 21               Market by End-user Type (%)

Table 22               Global Sleeping Pods and Cabins Market by Geography ($ million)

Table 23               Market by Geography (%)

Select a license type that suits your business needs

single-user Single User Licence
$3150.00
  • Report accessible by one user only
  • Free 10% or 3 days of customization
  • Free post-sale service assistance
  • Continuous support through email
Best Value Tag
5-user 5 User Licence
$3600.00
  • Report accessible by 5 users within the organization
  • Free 15% or 4.5 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
corporate.png Corporate Licence
$4500.00
  • Free Datasheet worth $1500
  • Report accessible by the entire organization
  • Free 20% or 6 days of customization
  • Free post-sale service assistance
  • Continuous support through email and telephone
  • Direct access to lead analysts
  • Free analyst hour
  • Free Upgrade: If an updated report published within 180 days of purchase, you will get the revised report free of charge
datasheet.png Datasheet Licence
$1350.00
  • Report accessible by 1 user only
  • Free 15% or 32 hours of customization
  • Free post-sale service assistance
  • Direct access to lead analysts

Our Clients

10%

Off

OFF

DAYS

HOURS

MINUTES

SECONDS

Licence Types What are these?

Our Clients Speak

erick

"The report by Arizton was spot on. It not only gave us insight into the pro audio market, we used it to raise funds for our company. The data proved (to the VC we pitched to) that the market was large enough for our company to not only survive but also grow."

Erik Young
CEO, Co-founder
Audink Inc., DBA Audios
SPEAK WITH OUR ANALYST

Want to know more about the report or any specific requirement?

Click to Email +1-312-235-2040

Want to Customize the Report?

Click Here

Why Arizton?

  • 100% Customer Satisfaction
  • 24x7 availability – we are always there when you need us
  • 200+ Fortune 500 Companies trust Arizton's report
  • 80% of our reports are exclusive and first in the industry
  • 100% more data and analysis
  • 1000+ reports published till date