Global Airport Sleeping Pods Market 2021 (Includes Business Impact of COVID-19)

                                          
Report updated on 11th September, 2021: Global Airport Sleeping Pods Market 2021 (Includes Business Impact of COVID-19)
Global Airport Sleeping Pods Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2030 is a recent report generated by Trusted Business Insights. The global airport sleeping pods market report has been segmented as per product type, end users, airport type, and region.
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The global Airport Sleeping Pods market size was valued at USD$59.70 million in 2020 and is projected to reach USD $93.60 million by 2030, and is anticipated to expand at a CAGR of 4.60% over the forecast period from 2020 to 2030.


Global Airport Sleeping Pods Market: Overview


Airport sleeping pods are sleeping spaces provided at airport which is mainly used by traveler at the airport. These sleeping pods offers various facilities to the passenger such as television, Wi-Fi, shower, computer, reclining chair with music and many more facilities which helps for relaxation.


Global Airport Sleeping Pods Market: Dynamics


Growing number of transit flights and air passengers across the globe are key factors driving growth of the global airport sleeping pods market over the forecast period. In addition, increasing demand for advanced services at airport by air travelers resulting in increasing demand for airport sleeping pods is a major factor expected to boost growth of the target market.

Increasing product innovation to increase standard of passenger services across the globe is a major factor expected to fuel growth of the global market during the forecast period. In addition, increasing demand for luxury services at airport among individuals is a key factors expected to drive revenue growth of the global market.

Furthermore, increasing development of smart airport with various passenger-friendly services resulting in product penetration across the globe. In addition, rise in demand for waiting rooms and increasing number of capsule hotels at airport due to increasing air passenger traffic across the globe are other factors expected to proliferate growth of the global market in the next 10 years.

However, major factors restraining growth of the global market includes high product cost and maintenance cost and stringent rules against the electrical components safety at airport.


Global Airport Sleeping Pods Market: Segment Analysis


Among product type, single occupancy sleeping pods segment is expected to dominate in the global market, owing to high preference for single occupancy sleeping pods for relaxation among air passenger across the globe.

Among the airport type, international segment is expected to account for major share in terms of revenue in the global market, owing to increasing standard of passenger services at international airport across the globe.


Global Airport Sleeping Pods Market: Region Analysis


The market in North America is accounted for highest revenue share and is expected to dominate the target market over the forecast period. Increasing air passenger traffic with rise in standard of passenger services at airport in many countries in the region are key factors anticipated to fuel growth of the North America airport sleeping pods market over the forecast period. Market in Asia Pacific is expected to register a highest growth in terms of CAGR in the global market, owing to increasing smart city projects, rise in number of air passengers traffic, and growing travel and tourism industry in emerging countries such as India, China, and Japan. Market in Europe, Latin America, and Middle East & Africa are expected to witness moderate growth in terms of revenue, owing to increasing awareness about the luxury travel services among air passengers in countries in these regions.

Global Airport Sleeping Pods Market Segmentation:

Segmentation by product type:

  
Shared Occupancy Sleeping Pods
  
Single Occupancy Sleeping Pods

Segmentation by end users:

  
Adult
  
Children

Segmentation by airport type:

  
Domestic
  
International


Key Market Players included in the report:


  
9hours
  
Gosleep
  
Jetquay
  
Metronaps
  
Minute Suites
  
Napcabs
  
Ninehours
  
Sleepbox
  
Snooze at My Space
  
Snoozecube
  
Yotel
  
ZZZleepandGo.


Below are the key development related to Airport Sleeping Pods Market in 2020 and 2021.


July 2020: Airport Dimensions acquires sleep lounge specialist OnGround Hospitality. INTERNATIONAL. Airport Dimensions, a leading provider of lounge services, has announced the acquisition of OnGround Hospitality and the sleep lounge brand sleep ’n fly. The move will expand Airport Dimensions’ range of airport products and services; the company is a division of travel experience and loyalty business Collinson. Source

May 2021: British Airways Adds EnergyPods to First Lounge at London Heathrow. British Airways has expanded its First Lounge at London Heathrow with a ‘Forty Winks’ nap lounge featuring EnergyPods. Introduced in partnership with Restworks, the EnergyPods allow customers in need of some pre-flight shuteye to power nap. The airline also plans to add the pods to its Concorde Room at London Heathrow Terminal 5 and New York’s JFK Terminal 7 when global travel restrictions ease and those lounges open. The EnergyPod is designed exclusively for power napping. It’s gravity neutral positioning and privacy visor will help BA’s customers get some rest and beat jetlag while on the move. Source