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 Insights

Global 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).

They are frequently found in corporate settings, workstations, and airports. They are often referred to as nap pods, energy pods, nap capsules, sleeping cabins, and snooze pods. In the last few years, the market has started witnessing a significant growth in the demand for these pods as they enable consumers to take short, peaceful naps of about 15-20 minutes or to rest for long periods of time. Apart from this, they are found to be effective in relieving pressure on the cardiac muscle while also allowing a slight bend in the knees and relaxing the lower back muscles. It has also been found in a study that they often play a key role in improving user’s alertness and productivity on persistent use. As per our findings, sleeping pods are often found in a variety of settings, including corporate offices, airports, and hospitals, among others. Wherein, airports are found to be the most common locations. As the market continue to gain and people are looking to explore new things, a number of market players have begun to convert these pods into luxury rooms that passengers can use at the airport to rest.

Considering the advantages of sleeping pod, the global market has been experiencing a constant rise in the adoption of products among employers. Today, numerous corporate offices around the globe are taking every possible effort to improve productivity and keep their employee engaged and happy. To address this need, we can see a lot of deployment of sleeping pods at workstation to improve productivity, maintain health, and retain talent. With changing lifestyle, hectic work schedule, and high prevalence of sleep deprivation, sleep apnea, and insomnia, there is a growing focus on improving human health, efficacy, and welfare. Among other things, sleeping pods market is enjoying a healthy growth on account of several other benefits that the sleeping pod offers such as ergonomic perfection, interface console, timed waking facility, privacy visor, and built-in speakers that conventional techniques do not offer.

US Sleeping Pods Market is poised to grow at a sustainable CAGR for the next forecast year.

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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