The Asia-Pacific Region to Emerge as a Potential Market For Sleeping pods and Cabins by 2024 | Arizton

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

Arizton’s latest research report on the sleeping pods and cabins market covers sizing and forecast, market share, industry trends, growth drivers, and vendor analysis. The market study includes insights on segmentation End-user (airports, hotels, and others), Service Type (pods and cabins), and geography (North America, Europe, APAC, Rest of the world (RoW)).

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. The growth of smart and modern airports is expected to boost pod and cabin services globally. 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. The increase in global passenger traffic is likely to drive the global sleeping pods market.

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

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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 sleeping pods 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 Profiled Countries
• Australia
• Brazil
• Canada
• China
• Germany
• India
• Italy
• Japan
• Mexico
• Russia
• South Africa
• South Korea
• UAE
• UK
• US

The report includes detailed market segmentation by the following types:

Market Segmentation by End-user Type
• Airports
• Hotels
• Others
Market Segmentation by Service Type
• Pods
• Cabins
Market Segmentation by Geography
• North America
o US
o Canada
• Europe
o Germany
o UK
o Italy
o Russia
• APAC
o China
o Japan
o India
o Australia
o South Korea
• RoW
o Mexico
o Brazil
o South Africa
o UAE

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.

Key Vendors
• 9 Hours
• GoSleep
• izZzleep
• Metronaps
• Napbox
• Napcabs
• Podtime
• Siesta Box
• Sleepbox
• Snooze at My Space
• Snoozecubes
• ZZZleepandGo

Key Market Insights

The report provides the following insights into the sleeping pods and cabins market for the forecast period 2019–2024.
• Offers market sizing and growth prospects of the sleeping pods market for the forecast period 2019–2024.
• Provides comprehensive insights on the latest industry trends, market forecast, and growth drivers in the sleeping pods market.
• Includes a detailed analysis of market growth drivers, challenges, and investment opportunities.
• Delivers a complete overview of market segments and the regional outlook of the sleeping pods market.
• Offers an exhaustive summary of the vendor landscape, competitive analysis, and key market strategies to gain a competitive advantage in the sleeping pods and cabins market.


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