The global airport sleeping pods market size was US$ 48.1 billion in 2021. The global airport sleeping pods market is forecast to grow to US$ 73.1 billion by 2030, registering a compound annual growth rate (CAGR) of 5.1% during the forecast period from 2022 to 2030.
Factors Influencing the Market
The growth of the aviation industry is driving the airport sleeping pods market. Due to growing traffic in airports, the authorities are enhancing the airport facilities. Thus, it will fuel the demand for airport sleeping pods during the study period.
The introduction of next-generation smart airport sleeping pods integrated with big data and IoT technology will fuel the popularity of the product. Thus, it will propel the growth of the overall airport sleeping pods market during the forecast period.
The high maintenance cost of airport sleeping pods may limit the market growth. On the contrary, privatization and infrastructural development may prompt the demand for airport sleeping pods.
The increasing popularity of aerotropolis concept and evolving lifestyle standards will accelerate the growth of the global airport sleeping pods market. The International Airport Charlotte Douglas has set up sleeping pods along with a television, sofa bed, computer, and a shower. JetBlue also unveiled its JetNap power pods in the JFK New York City Airport terminal.
COVID-19 Impact Analysis
The COVID-19 epidemic has had a significant negative impact on the entire aviation sector. Thus, it resulted in the loss of the airport's sleeping pod business. In addition, lockdown forced most individuals to stay at home, which reduced the demand for sleeping pods.
The employees returned home and travel agencies also ceased their services, which hampered the market. Companies in the commercial aviation industry have experienced production interruption and diminishing demand.
Despite the fact that aviation traffic has steadily recovered from the COVID-19 wave, there has been much discussion about the ways to recover traffic from the ongoing crisis.
Regional Analysis
North America is forecast to dominate the airport sleeping pods market in terms of revenue. It is attributed to the increasing passenger traffic in the region. Asia-Pacific and Europe are forecast to hold the second and the third-highest share due to the rising number of international and domestic airports in growing economies around the world. In addition, favorable initiatives from governments and growing living standards will ultimately benefit the market in these regions.
Competitors in the Market
9hours
Gosleep
Jetquay
Metronaps
Minute Suites
Napcabs
Sleepbox
Snooze at My Space
Snoozecube
Yotel
ZZZleep and Go.
Other Prominent Players
Market Segmentation
The global airport sleeping pods market segmentation focuses on Product, Stay Hours, Airport, and Region.
Based on the product type, the airport sleeping pods market has been segmented into
Single Occupancy
Shared Occupancy
Based on the stay hours, the airport sleeping pods market has been segmented into
Less than 2 hours
More than 2 hours
Based on the airport types, the airport sleeping pods market has been segmented into
International
Domestic
Based on Region, the airport sleeping pods market has been segmented into
North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific
Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA
South America
Brazil
Argentina
Rest of South America