PUBLISHED DATE : Oct 2019 | Pages : 148
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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
148 Pages
23 Tables
57 Charts
15 Regions
3 Countries
4 Companies
12 Market Segment
| 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 |
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.
The research report includes detailed market segmentation by
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.
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.
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.
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.
Market Segmentation by End-user Type
By Service Type
By Geography
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.
The following factors are likely to contribute to the growth of the sleeping pods market during the forecast period:
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
Market Segmentation by End-user Type
Market Segmentation by Service Type
Market Segmentation by Geography
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 (%)
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