The Airport Sleeping Pods Market is projected to rise at a significant rate expanding at a considerable CAGR over the forecast period of 2022-2030.
Passengers generally use the airport sleeping pods in order to relax between aircraft. They may generally be split into several groups that includes, those who arrive, those who leave, and those who move from one place to another.
Additionally, in terms of the usage of airport infrastructure and facilities, the needs of these passengers differ. Airport facilities that can meet the needs of travellers that includes, getting a fast nap, spa, and massage services, and free shower facilities offer a fun and enhanced airport experience. Passengers who are traveling with families want children’s play areas where children can spend time before boarding. Also, business passengers might want a sleeping cabin with some of the facilities they can work in.
The significant investment has been made by the government on airport sleeping pods because of the increase in international business travel. As the travellers are reserving smart sleeping places at airports it offers personnel and relaxing space.
Also, the airport sleeping pods are also known as sleeping cabins, capsule hotels, nap pods or snooze pods that have sleeping spaces in airports where passengers can take rest in between flight halts.
Key Market Trends
One of the major factor that has fuelled the market growth over the forecast period is the rising aviation industry has allowed airlines to expand the connectivity between locations. This has resulted in increased air travellers, increased transit flights and frequency, and adding new routes, around the globe. These are the key factors driving the growth during the forecast period.
Also, the rising demand by air travellers for advanced services at airports has resulted in rising demand for airport sleeping pods. The rising product innovation has raised the standard of passenger services worldwide that has augmented the market growth.
Another major factor that has fuelled the market growth over the forecast period is the rising concept of aerotropolis and evolving lifestyle of the airline passengers. In developing and less-developed countries, the development of airport sleeping pods has created additional opportunities for growth in the global sleeping pods markets. For instance, the International Airport Charlotte Douglas has put in sleeping pods with a sofa bed, tv, computer, and a shower for those who would like to have a nap at home. The JetBlue has also revealed JetNap power pods in JFK New York City Airport terminal that looks like a future-oriented leaning chair, which plays music, provides relaxation, and reduces distractions.
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Segmental analysis of the Market
Based on Product Type
SINGLE OCCUPANCY
SHARED OCCUPANCY
The single occupancy segment has dominated the market growth over the forecast period. This is because passengers need privacy and it provides personal and relaxing space, comprises of Wi-Fi, reading light, power connectors, and larger ones are like tiny hotel rooms, comprises of free shower facilities, workspace, and enhanced airport experience.
Based on Stay Hours
Less than 2 hours
More than 2 hours
The less than 2-hour segment has dominated the market growth over the forecast period.
Based on Airport Type
International
Domestic
The International airport has dominated the market growth over the forecast period. This is because of the number of passengers as well as the long waiting hours.
Based on End User
Adult
Children
The adult segment has dominated the market growth over the forecast period. This is because of the long waiting hours and adults need more rest than the children.
Asia Pacific is anticipated to amplify at a considerable CAGR
The Airport Sleeping Pods Market is segmented into 4 main regions namely, North America, Europe, Asia Pacific, and Middle east and Africa. Among these, Asia Pacific has dominated the regional segment of the market over the forecast period. This is because the sleep quality is very important, respect to other features of airport sleeping pods. The region has the maximum number of flights and has the largest revenue.
Competitive Landscape
Some of the prominent companies operating in the market are Ninehours, Gosleep, Jetquay, Metronaps, Minute Suites, Napcabs, Sleepbox, Snooze at My Space, Snoozecube, and Yotel.
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