Airport Sleeping Pods Market Outlook -2027
Passengers use the airport sleeping pods to relax between aircraft. Passengers may generally be split into several groups: those who arrive, those who leave, and those who move from one place to another. In terms of the usage of airport infrastructure and facilities, the needs of these passengers differ. Airport facilities that can meet the needs of travelers, such as getting a fast nap, spa, and massage services, and free shower facilities offer a fun and enhanced airport experience. Passengers traveling with families want children’s play areas where children can spend time before boarding. Besides, business passengers might want a sleeping cabin with some of the facilities they can work in.
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COVID-19 Scenario Analysis:
- Companies are experiencing production disruption and declining demand in commercial aviation as staff go home, travelers stop flying and consumers delay the delivery of new aircraft. Aircraft manufacturers are by definition capital-intensive, creating short-term cash flow and liquidity issues.
- Because of the current situation of flight travel delays, this industry will get a boost, when any passenger wants to utilize the existing lounge services when stranded at any airport.
- While the lockdown was undertaken with the best interests in mind, it has had a disastrous impact on the economic development of the country and a recession could well be inevitable in the coming few quarters.
- It has had a massive cascading effect on India’s hospitality industry, with the cancelation of flights & trains across the country, hotel bookings facing monumental cancellations, and having a ripple effect on travel agents, taxi operators, handicraft showrooms, etc.
- For the last month or so, hotels around the country are now practically closed with effectively zero earnings, thus having to bear mounting fixed cost.
- Although air traffic has recovered steadily from previous crises, there has been extensive debate about ways to recover traffic from the present crisis.
Top impacting factors: market scenario analysis, trends, drivers and impact analysis
The growing aviation industry has allowed airlines to expand the connectivity between locations, resulting in increasedair travelers, increased transit flights & frequency, and adding new routes, around the globe which are key factors driving the growth during the forecast period. Moreover, growing demand by air travelers for advanced services at airports is resulting in rising demand for airport sleeping pods. Increasing product innovation to raise the standard of passenger services worldwide is a significant factor expected to fuel global market growth. Furthermore, rising demand for waiting rooms and increasing numbers of capsule hotels at the airport due to increased air passenger traffic worldwide are other factors that are expected to proliferate growth. However, major factors that hinder global market growth include the high cost of product and maintenance and stringent rules towards the protection of electrical components at the airport.
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The global airport sleeping pods market trends are as follows:
New product launches to flourish the market
The new sleeping pod prototype for economic-class travelers is unveiled by Air New Zealand in 2020. Economy Skynest is a culmination of three years of research and development by Air New Zealand, which provides six full-length lie-flat sleeping pods. Also, the first airport capsule hotel in Taiwan has now opened its doors to passengers traveling by Taoyuan International Airport in December 2019, and they can enjoy a quick sleep at the airport. Also, Istanbul Airport has 25 sleeping pods installed in January 2020 for passengers that want to rest before, after, or between flights. Also, a brand-new Plaza Premium Lounge that opened at Terminal 3 in 2020 can be checked out by travelers who fly from Dubai with Emirates. It provides 10-square-meter individual suites for families, groups of travelers seeking privacy. The pay-to-use lounge at Dubai International Airport is 1,260 meters long and is the biggest.
Growing concept of aerotropolis and evolving lifestyle of airline passengers
In developing and less-developed countries, the development of airport sleeping pods is estimated to create additional opportunities for growth in the global sleeping pods markets. The growing concept of aerotropolis along with the evolving lifestyle of airline passengers is another important driver for the growth of the global airport market in sleeping pods. For example, the International Airport Charlotte Douglas has put in sleeping pods with a sofa bed, Tv, computer, and a shower for those who would like to have a nap at home. JetBlue also revealed JetNap power pods in JFK New York City Airport terminal that looks like a future-oriented leaning chair, which plays music, provides relaxation, and reduces distractions.
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Key benefits of the report:
- This study presents the analytical depiction of the global Airport sleeping pods industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the global market share.
- The current market is quantitatively analyzed from 2020 to 2027 to highlight the global market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global market analysis based on competitive intensity and how the competition will take shape in the coming years.
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