Global Sleeping Pods Market

Sleeping Pods Market Size, Share, Growth Analysis, By Module(Compact Sleeping Pod, Single Sleeping Pod, Double Sleeping Pod, Multiple Sleeping Pod), By Application(Hospitals, Corporate offices, Airport, Academics), By End User(Children, Adults), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35A2847 | Region: Global | Published Date: February, 2024
Pages: 157 | Tables: 92 | Figures: 76

Sleeping Pods Market News

  • In July 2022, Indian Railways introduced the low-cost Namah Sleeping Pod Facility at Mumbai's Chhatrapati Shivaji Maharaj Terminus (CSMT).
  • In June 2022, Air New Zealand introduced the world's first lie-flat "pods" for economy passengers. The rentable sleep pods known as "Skynest" will be available in 2024.
  • In February 2022, SlumberPod announced the release of HomeBaseTM, a patent-pending accessory to their blackout privacy sleep pods for babies and toddlers.
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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).

sleeping pods market is at the nascent stage, but becoming 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 any workplace. 'GoSleep', 'NapCabs GmbH ', 'AirPods Sleeping Pod', 'SnoozeCube Sleeping Pods', 'Sleepbox Sleeping Pods', 'Minute Suites Sleeping Pods', 'Yotel Sleeping Pods', 'Podtime Sleeping Pods', 'Jetquay Sleeping Pods', 'MetroNaps Sleeping Pods', 'Dream and Fly Sleeping Pods', 'SNOOZE at Hotel Jen Sleeping Pods', 'Sleep'nFly Sleeping Pods', 'Snooze KLIA Sleeping Pods', 'Sleep Lounge Sleeping Pods', 'Sleepy Panda Sleeping Pods', 'Cabinpod Sleeping Pods', 'ZZZleepandGo Sleeping Pods', 'Sleep Green Certified Sleeping Pods', 'Zzzleepy Sleeping Pods'

The higher price of the sleeping pod, as well as the limited number of manufacturing players, may stifle demand and limit the market growth. Today, the average cost of sleeping is between $8,000 and $12,000. The price is exorbitant and out of reach for most people and potential buyers. As a result, the majority of the demand for sleeping pods comes from businesses, corporate offices, luxury hotels, airports, and recreational facilities.

Innovative product launches with new features such as oxygen therapy, meditation music, ventilated seat, and zero gravity seat to spur growth of the market.

In 2021, North America dominated the sleeping pods market and is expected to do so during the forecast period. This is due to the region's early access to advanced technologies, increased awareness of nap pods, and high consumer disposable incomes. In 2021, US airlines carried 674 million passengers (not seasonally adjusted), an increase of 82.5% over 2020. (369 million, unadjusted). In the US, the cost of a one-hour stay is $42. (Which is the minimum). If guests need more sleep (more than eight hours), they can rent a pod for around $155.

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Global Sleeping Pods Market

Product ID: SQMIG35A2847