Airport Sleeping Pods Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 78.86 Million |
| Market Size (2029) | USD 101.95 Million |
| CAGR (2024 - 2029) | 5.27 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Airport Sleeping Pods Market Analysis
The Airport Sleeping Pods Market size is estimated at USD 78.86 million in 2024, and is expected to reach USD 101.95 million by 2029, growing at a CAGR of 5.27% during the forecast period (2024-2029).
- The recent growth in air passenger traffic drives the airport sleeping pods market. Additionally, the modernization of new airports and technological advancements fuel market growth. Moreover, the increasing focus on improving operational efficiency at airports will also contribute to market growth in the coming years.
- Companies with superior technical capabilities are expected to significantly contribute to technological advancements in airports. Innovations in this market are increasing, with many players investing substantial amounts in R&D to manufacture technologically advanced airport equipment and systems, aiming to capture a larger share of the market.
- However, the high installation costs of pods at airports might hinder market growth."
Airport Sleeping Pods Market Trends
The International Airport Segment Holds the Highest Market Share
- The international airport segment is anticipated to show significant growth in the market during the forecast period. The growth is attributed to the increasing number of air passengers and rising expenditure expansion of existing airports. Miami International Airport, Narita International Airport, Istanbul Airport, Chongqing Jiangbei International Airport, Beijing Airport, Dubai Airport, Delhi and Mumbai Airport, Atlanta Airport, Heathrow Airport, King Abdul Aziz International Airport, and Singapore Changi Airport are some of the airports that serve more than 40 million passengers, annually.
- The demand for airport pods is created by passengers traveling internationally who opt for layover flights due to lower prices than direct flights. For instance, in January 2022, Vienna Airport installed rentable sleeping pods on Level 2 of Terminal 3 from Italian startup Zzzleepandgo. The smart lounges provide a place for passengers to work, rest, or stay overnight.
- Airports are increasingly focusing on enhancing passenger experience, and sleeping pods provide such travelers with a comfortable and private place to rest during layovers or long delays. Therefore, the demand for passenger comfort and convenience is one of the major factors driving the market.
Asia-Pacific to Lead the Market
- The Asia-Pacific region would experience significant growth due to robust investments in constructing new airports and expanding existing airports. Over the past few years, there has been a rapid increase in passenger traffic handled by airports in countries like China, India, Japan, and South Korea, among others.
- Due to this, the government and airport authorities in the region have announced significant investments in the construction and expansion of airports. For instance, in April 2022, the Ministry of Land, Infrastructure, and Transport of South Korea announced its plans to invest KRW 13.7 trillion (USD 10.97 billion) in constructing a new airport on Gadeok Island. The airport is expected to be an offshore airport (built on a floating structure at sea) and will cater to the growing air traffic demand in the country's southeast region.
- Similarly, in February 2022, Adani Airport Holdings, a subsidiary of the Adani Group and the Airports Authority of India, was constructing an airport in Navi Mumbai, Maharashtra, India, for USD 2.3 billion. The new airport would be one of the world’s few "greenfield" international state-of-the-art airports, contributing world-class facilities. It will have the capacity to handle 60 million passengers a year by 2030 when it reaches full capacity. Such modernization of airport infrastructure with advanced airport solutions is expected to accelerate market growth in this region during the forecast period.
Airport Sleeping Pods Industry Overview
The airport sleeping pods market is consolidated. Some of the leading players in the market are GoSleep, Aviserv, Metronaps, Napcabs, and Snooze at My Space. Currently, the market is at the nascent stage but will become increasingly competitive as more and more companies enter the market. This is because their benefits are becoming more widely known, and they are seen as a valuable addition to the airports. New product launches, innovations, public and private collaborations and partnerships, and intensive R&D are some of the growth strategies that these key players adopt to thrive in the competitive sleeping pods market. For instance, Slumber Pod has announced the launch of Homebase, an addition to their blackout privacy sleep pods for babies and toddlers.
Airport Sleeping Pods Market Leaders
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GoSleep
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Aviserv
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Metronaps
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Napcabs
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Snooze at My Space
*Disclaimer: Major Players sorted in no particular order
Airport Sleeping Pods Market News
- August 2022: Chennai International Airport launched Sleepzo sleeping pods for transit passengers, which include four bed-sized capsules.
- February 2022: Berlin Brandenburg Airport launched new soundproof NapCabs, which offers passengers an opportunity to relax and catch up on work or sleep during longer layovers.
Airport Sleeping PodsMarket Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 Occupancy
5.1.1 Single Occupancy
5.1.2 Shared Occupancy
5.2 Airport
5.2.1 International
5.2.2 Domestic
5.3 Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.2 Europe
5.3.2.1 Germany
5.3.2.2 United Kingdom
5.3.2.3 France
5.3.2.4 Rest of Europe
5.3.3 Asia-Pacific
5.3.3.1 India
5.3.3.2 China
5.3.3.3 Japan
5.3.3.4 South Korea
5.3.3.5 Rest of Asia-Pacific
5.3.4 Latin America
5.3.4.1 Brazil
5.3.4.2 Rest of Latin America
5.3.5 Middle-East and Africa
5.3.5.1 United Arab Emirates
5.3.5.2 Saudi Arabia
5.3.5.3 Israel
5.3.5.4 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 GoSleep
6.2.2 Aviserv
6.2.3 Metronaps
6.2.4 Napcabs
6.2.5 Snooze at My Space
6.2.6 9hours
6.2.7 iGA
6.2.8 Snoozecube
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Airport Sleeping Pods Industry Segmentation
Airport sleeping pods are capsule-like structures installed at airports for passengers who are in dire need of rest yet lack the time to utilize a hotel.
The airport sleeping pods market is segmented by occupancy, airport type, and geography. By occupancy, the market is segmented into single occupancy and shared occupancy. By airport type, the market is segmented into domestic and international. By geography, the market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. The report also covers the sizes and forecasts for the market across different regions.
For each segment, the market sizing and forecasts have been provided in value (USD).
Airport Sleeping PodsMarket Research FAQs
How big is the Airport Sleeping Pods Market?
The Airport Sleeping Pods Market size is expected to reach USD 78.86 million in 2024 and grow at a CAGR of 5.27% to reach USD 101.95 million by 2029.
What is the current Airport Sleeping Pods Market size?
In 2024, the Airport Sleeping Pods Market size is expected to reach USD 78.86 million.
Who are the key players in Airport Sleeping Pods Market?
GoSleep, Aviserv, Metronaps, Napcabs and Snooze at My Space are the major companies operating in the Airport Sleeping Pods Market.
Which is the fastest growing region in Airport Sleeping Pods Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Airport Sleeping Pods Market?
In 2024, the North America accounts for the largest market share in Airport Sleeping Pods Market.
What years does this Airport Sleeping Pods Market cover, and what was the market size in 2023?
In 2023, the Airport Sleeping Pods Market size was estimated at USD 74.91 million. The report covers the Airport Sleeping Pods Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Airport Sleeping Pods Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Airport Sleeping PodsIndustry Report
Statistics for the 2024 Airport Sleeping Pods market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Airport Sleeping Pods analysis includes a market forecast outlook to for 2024 to (2024to2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
