Global Airport Sleeping Pods Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
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Global Airport Sleeping Pods Market: Overview
“The global Airport Sleeping Pods Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031.”
Airport sleeping pods are sleeping spaces provided at the airport which is mainly used by traveler at the airport. These sleeping pods offer various facilities to the passenger such as television, Wi-Fi, shower, computer, reclining chair with music, and many more facilities which help for relaxation.
Global Airport Sleeping Pods Market: Dynamics
A growing number of transit flights and air passengers across the globe are key factors driving the growth of the global airport sleeping pods market over the forecast period. In addition, increasing demand for advanced services at airports by air travelers resulting in increasing demand for airport sleeping pods is a major factor expected to boost the growth of the target market.
Increasing product innovation to increase the standard of passenger services across the globe is a major factor expected to fuel the growth of the global market during the forecast period. In addition, increasing demand for luxury services at airports among individuals is a key factor expected to drive revenue growth in the global market.
Furthermore, the increasing development of smart airports with various passenger-friendly services results in product penetration across the globe. In addition, the rise in demand for waiting rooms and an increasing number of capsule hotels at airports due to increasing air passenger traffic across the globe are other factors expected to proliferate the growth of the global market in the next 10 years.
However, major factors restraining the growth of the global market include high production costs and maintenance costs, and stringent rules regarding the safety of the electrical components at airports.
Global Airport Sleeping Pods Market: Segment Analysis
Among product types, the single occupancy sleeping pods segment is expected to dominate in the global market, owing to the high preference for single occupancy sleeping pods for relaxation among air passengers across the globe.
Among the airport type, the international segment is expected to account for a major share in terms of revenue in the global market, owing to the increasing standard of passenger services at the international airport across the globe.
Global Airport Sleeping Pods Market: Region Analysis
The market in North America is accounted for the highest revenue share and is expected to dominate the target market over the forecast period.
Increasing air passenger traffic with raising the standard of passenger services at airports in many countries in the region are key factors anticipated to fuel the growth of the North American airport sleeping pods market over the forecast period.
Market in the Asia Pacific is expected to register the highest growth in terms of CAGR in the global market, owing to increasing smart city projects, a rise in a number of air passengers traffic, and a 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:
Segmentation by airport type:
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- YOTEL Limited
- Minute Suites, LLC
- Sleepbox, Inc.
- napcabs GmbH
- Jet Quay Pte Ltd.
- Snooze at my space
- 9h nine hours
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