Product ID: SQMIG35A2847
Report ID:
SQMIG35A2847 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
92 |
Figures:
76
Sleeping Pods Market Driver
Increasing Popularity of Powernaps to Bolster Sleeping Pods Market
Technology is advancing at an increasing pace and there are more people than ever encouraging these advancements. Sleep science has become increasingly popular the last decade and nowadays people are waking up to the idea of power naps as a way to refresh their minds and bodies. It's no surprise that sleeping pods have become so popular for taking powernap, because they offer workers a break from the rigors of their daily schedule. This, in turn, is benefiting the employers in terms of higher productivity, lower attrition rate, and more happy faces.
Apart from this, the aviation industry is a contributing a huge revenue to the global sleeping pod market as a replacement of the public utility model with a commercial business model. Other industries, such as health and education are also expected to generate a significant demand for the product during the forecast period.
Growing Investments by Manufacturers to Develop Improved Products
Since the inception of sleeping pods in the early 2000s, sleep innovation has seen significant growth. This recent development is most evident with the increase in investments by manufacturers to improve these pods. As a result, the market is seeing rapid growth, giving companies an advantage over their competitors. Improved sleeping pods are not only more comfortable but also more efficient and practical.
Manufacturers' increasing investments to develop & launch improved products with advanced features such as timers, speakers, light effects, and others are expected to drive sleeping pods market growth over the forecast period. In Jan 2022, India-based start-up Urban Naps Pods launched Smart Pods with back and shoulder massager, oxygen therapy, meditation music, ventilated seat, and zero gravity seat.
Sleeping Pods Market Restraint
High Cost of Sleeping Pods
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REQUEST FREE CUSTOMIZATIONGlobal Sleeping Pods Market size was valued at USD 1.83 Billion in 2019 and is poised to grow from USD 2.02 billion in 2023 to USD 4.49 billion by 2031, at a CAGR of 10.50% during the forecast period (2024-2031).
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Product ID: SQMIG35A2847