Global Sleeping Pods Market Size, Share, Growth Analysis, By Module(Compact Sleeping Pod, Single Sleeping Pod), By Application(Hospitals, Corporate offices), By End User(Children, Adults) - Industry Forecast 2023-2030

Global Sleeping Pods Market size was valued at USD 1.83 billion in 2021 and is poised to grow from USD 1.02 billion in 2022 to USD 2.48 billion by 2030, growing at a CAGR of 10.5% in the forecast period (2023-2030).

They are typically observed in workplaces, corporate environments, and airports. They are also known as sleep cabins, slumber pods, energy pods, nap capsules, and nap capsules. Due to their ability to allow users to take lengthy naps or short, tranquil naps of 15-20 minutes, these pods have seen a substantial increase in demand over the past few years. The pressure on the heart muscle is also shown to be effectively reduced by them, and they also allow for a modest bend in the knees and the relaxation of the lower back muscles. Additionally, a study discovered that they frequently play a crucial part in enhancing users' productivity and attentiveness with continued use.

According to our research, sleeping pods may be seen frequently in a range of places, including corporate offices, airports, and hospitals, among others. Airports are the most frequently used locations in this. Many industry players have started converting these pods into luxurious rooms that travellers may use at the airport to rest as the market continues to grow and more people are wanting to experience new things.

Given the benefits of sleeping pods, the global market has seen a steady increase in the product adoption by businesses. Numerous corporate offices today are making every attempt to increase efficiency and keep their staff members satisfied. In order to boost productivity, maintain health, and retain talent, sleeping pod deployment at workstations is becoming more and more common.

With changing lifestyles, busy work schedules, and a high prevalence of sleep apnea, insomnia, and sleep loss, there is an increasing emphasis on enhancing human health, effectiveness, and welfare. The market for sleeping pods is expanding steadily in part because to additional advantages offered by these devices, such as ergonomic excellence, an interface console, a timed waking feature, a privacy visor, and built-in speakers that conventional methods do not have.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Sleeping Pods Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined by using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Segments covered in this report:

Global sleeping pods market is segmented based on the module, end user, application and region. Based on the module, the Sleeping Pods Market is segmented into compact pod, single pod, double pod, and multiple pod. Based on the end user, the Sleeping Pods Market is bifurcated into Children and Adults. Based on the application, the Sleeping Pods Market is segmented into hospitals, corporate offices, airport, academics, and others. By Region, the Sleeping Pods Market is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.

Driver

Growing Use of Powernaps to Support the Sleeping Pods Market

More individuals than ever are supporting technology breakthroughs as they advance at an accelerating rate. People are starting to understand the benefits of power naps as a means to rejuvenate their bodies and minds as sleep research has gained popularity over the past ten years. Given that they give employees a reprieve from the demands of their daily routine, it's hardly surprising that sleeping pods have become so popular for powernaps. Employers as a result gain from increased productivity, decreased turnover, and more cheerful faces.

In addition to this, the aviation sector is significantly increasing its income contribution to the global sleeping pod market by switching from the public utility model to a commercial business model. During the projected period, it is also anticipated that other industries, such health and education, will significantly increase demand for the product.

Manufacturers are making more investments to create better products.

The development of sleep technology has grown significantly since the early 2000s, when sleeping pods were first introduced. The growth in manufacturing companies' spending in these pods' improvements makes this recent trend particularly clear. The market is expanding quickly as a result, giving businesses an edge over rivals. In addition to being more comfortable, upgraded sleeping pods are also more effective and useful.

The market for sleeping pods is anticipated to rise throughout the forecast period as a result of manufacturers' rising investments in the development and introduction of better products with cutting-edge features like timers, speakers, light effects, and others. With a zero-gravity seat, back and shoulder massagers, oxygen treatment, music for meditation, and ventilated seats, Smart Pods were introduced in January 2022 by the Indian start-up Urban Naps Pods.

Restraint

Sleeping pod prices are high.

Due to the increased cost of the sleeping pod and the small number of manufacturers, demand may be stifled and the expansion of the global market may be constrained. Sleeping now typically costs between $8,000 and $12,000. Most consumers and potential buyers cannot afford the price, which is outrageous. Therefore, businesses, corporate offices, five-star hotels, airports, and recreation centres account for the majority of the demand for sleeping pods.

Market Trends

To stimulate market expansion, innovative products are introduced with fresh features including oxygen treatment, relaxing music for meditation, ventilated seats, and zero gravity seats.

In order to help individuals sleep better and wake up feeling more rested, businesses in the industry are putting features into their goods. For instance, many pods now have noise-canceling technology and air purifiers to reduce allergies and other airborne pollutants and to provide a tranquil environment.

Additionally, more opulent sleeping pods are becoming popular, which provide higher standards of comfort and seclusion than conventional designs. Memory foam beds, adjustable lighting, and private bathrooms are among the features that these high-end products frequently have.