USD 1.9 billion
Sleeping Pods Market Size, Share, Growth Analysis, By Module (Compact Nap Pod, Single Nap Pod), By Application (Hospitals, Corporate Offices), By End User (Adults, Children), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG35A2847 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
92
|Figures:
76
Sleeping Pods Market Insights
Sleeping Pods Market size was valued at USD 2.02 Billion in 2023 and is poised to grow from USD 2.23 Billion in 2024 to USD 4.96 Billion by 2032, growing at a CAGR of 10.50% during the forecast period (2025-2032).
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.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Hospitals
Fastest Growth
Corporate offices
Growth Rate
10.5% CAGR
Global Sleeping Pods Market, 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)
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Sleeping Pods Market Segmental Analysis
Global Sleeping Pods Market is segmented by module, application, end user and region. Based on module, the market is segmented into compact nap pod, single nap pod, double nap pod and multiple nap pod. Based on application, the market is segmented into hospitals, corporate offices, airport, academics and others. Based on end user, the market is segmented into adults and children. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Sleeping Pods Market Analysis by Application
Based on application, the airport segment dominated the market in 2021 and is projected to continue enjoying the largest market share in the years to come thanks to the increasing use of sleeping pods as 'pay-as-you-go' sleeping spaces in airports to allow passengers to rest between flights. For instance, Air New Zealand has recently announced the world's first lie-flat "pods" — for economy passengers. Moreover, the "Skynest" has announced deployment of rentable sleep pods, and it will be available by 2024.
Apart from airport, corporate office segment is expected to continue being the second largest market revenue generating segment during the forecast period as more corporate offices are gaining importance of sleeping pods and their impact on improving productivity.
Global Sleeping Pods Market By Application , 2021(%)
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Sleeping Pods Market Regional Insights
In 2021, North America dominated the global 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.
Due to rising product demand from various industries, Europe also has a significant share of the industry. Meanwhile, the Asia Pacific region is expected to provide lucrative growth opportunities for the sleeping pods market during the forecast period as a result of increased awareness about the benefits of nap pods and increased technological acceptance in the region, especially in India, China, and Japan.
Global Sleeping Pods Market By Geography, 2021 - 2028
- Largest
- Fastest
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Sleeping Pods Market Dynamics
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
- The higher price of the sleeping pod, as well as the limited number of manufacturing players, may stifle demand and limit the global 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.
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Sleeping Pods Market Competitive Landscape
Global 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.
New Product launches, innovations, Public and private collaborations and partnerships, and intensive R&D are some of the growth strategies that are adopted by these key players to thrive in the competitive sleeping pods market. For instance, Slumber Pod Has Announced the launch of Homebase, an addition to their Blackout Privacy Sleep Pods for babies and toddlers.
There are a number of ways in which companies are competing in the sleeping pods market:
- Offering discounts and special offers - many companies are offering discounts on their products in order to attract customers. This is a great way to save money if you are considering buying a sleeping pod.
- Providing free trials - some companies are providing free trials of their products so that potential customers can see how they work before committing to purchase. This is an excellent way to try out a product before making a financial investment.
- Creating unique designs - some companies are creating unique designs for their sleeping pods in order to stand out from the competition. This can be anything from an unusual shape to specially designed features such as sound-proofing or temperature control.
- Offering additional services - some companies are offering additional services alongside their sleeping pods in order to make them even more appealing. For example, some businesses offer concierge service or access to exclusive lounges and restaurants.
Sleeping Pods Market Top Player's Company Profiles
- GoSleep (Finland)
- NapCabs GmbH (Germany)
- SnoozeCube (Dubai)
- Minute Suites (USA)
- Sleepbox (USA)
- MetroNaps (USA)
- Yotel (UK)
- Podtime (UK)
- Jetquay (UK)
- SNOOZE at Hotel Jen (Singapore)
- Sleep'nFly (UK)
- ZZZleepandGo (Italy)
- i20 LLC (Metronaps) (USA)
- Sleepwing Ltd (Podtime) (UK)
Sleeping Pods Market Recent Developments
- 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.
Sleeping Pods Key Market Trends
- Innovative product launches with new features such as oxygen therapy, meditation music, ventilated seat, and zero gravity seat to spur growth of the market.
- Companies in the market are incorporating features into their products that help people to rest better and feel more rested when they wake up. For example, many pods now come with air purifiers to remove allergens and other particles from the air, as well as noise-canceling technology to create a peaceful environment.
- There is also a trend towards more luxurious sleeping pods, which offer greater levels of comfort and privacy than traditional designs. These premium products often come equipped with features such as memory foam mattresses, adjustable lighting, and private bathrooms.
Sleeping Pods Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
In the current state, the sleeping pods market is expected to experience a high level of growth. The future outlook for the market looks promising with potential opportunities for new players to enter the market. However, there are also some threats that need to be considered such as the possibility of government regulation and competition from other industries. As per SkyQuest's market analysis, potential opportunities for growth include an increase in demand from the hospitality and healthcare industries, as well as continued expansion into new markets such as airports and office buildings. Threats to the industry include intensifying competition from traditional furniture companies.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 1.9 billion |
| Market size value in 2031 | USD 4.67 billion |
| Growth Rate | 10.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Sleeping Pods Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Sleeping Pods Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Sleeping Pods Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Sleeping Pods Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Sleeping Pods Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Sleeping Pods Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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