Global Capsule Hotel Market, By Traveler Type (Solo and Group), Bed (Single and Double), Shape (Vertical and Horizontal), Material (Wooden, Metallic and Others), Booking Mode (Online Booking and Offline Booking), Age Group (Generation X, Generation Y and Generation Z), Application (Tourists, Office Workers and Others) - Industry Trends and Forecast to 2023 to 2030.
Capsule Hotel Market Analysis and Size
The essential factors contributing to the growth of the global capsule hotel market in the forecast period of 2023 to 2020 include ease of affordability, efficient space utilization and flexible booking options, which acts as an opportunity for the global capsule hotel market growth.
Data Bridge Market Research analyses that the global capsule hotel market which was USD 1,850.50 million in 2022, is expected to reach USD 3,975.65 million by 2030, growing at a CAGR of 10.1% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Capsule Hotel Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015-2020)
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Quantitative Units
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Revenue in USD Million, Volume in units, Pricing in USD
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Segments Covered
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Traveler Type (Solo and Group), Bed (Single and Double), Shape (Vertical and Horizontal), Material (Wooden, Metallic and Others), Booking Mode (Online Booking and Offline Booking), Age Group (Generation X, Generation Y and Generation Z), Application (Tourists, Office Workers and Others)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa
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Market Players Covered
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Nine Hours (Japan), First Cabin (Japan), The Prime Pod Ginza Tokyo (Japan), The Millennials (Japan), 9h Hotel (Japan), Airportels (Thailand), Bed One Block Hostels (Singapore), Zostel (India), Space Inn (Taiwan), Yotel (U.K.), Sleepbox (Russia), Ari Capsule Hotel (South Korea), Pod Inn (China), Qbic Hotels (Netherlands), Sleep'N Atocha (Spain), The Pod Hotels (U.S.), Stay Capsule Hotel (Malaysia), Time Capsule Hotel (Vietnam), Nordic C Hotel (Sweden), and CityHub (Netherlands)
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Market Opportunities
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Market Definition
A capsule hotel is a unique and minimalist form of accommodation that originated in Japan. It provides travelers with a compact, private sleeping space, known as a "capsule," which is typically designed for short stays and is more affordable than traditional hotel rooms. Capsule hotels are known for their efficient use of space and minimalist design.
Global Capsule Hotel Market Dynamics
Drivers
- Ease of Affordability
Capsule hotels are known for offering affordable accommodation options. This affordability appeals to budget-conscious travelers, including backpackers, students, and tourists looking to save on lodging expenses while still having a comfortable place to sleep, acting as a driver for the growth of the global capsule hotel market.
- Efficient Space Utilization
Capsule hotels are designed to maximize space efficiency. In densely populated urban areas where real estate is expensive, this efficient use of space is a practical solution for hoteliers and developers looking to provide accommodations, leading to higher demand for capsule hotels.
Opportunities
- Technological Integration
Many capsule hotels leverage technology for streamlined guest experiences. This includes features such as self-check-in kiosks, keyless entry systems, and smartphone apps, enhancing convenience and efficiency.
- Flexible Booking Options
Many capsule hotels offer flexible booking options, including hourly rates. This flexibility caters to travelers with unpredictable schedules, such as those facing flight delays or long layovers, which has increased the demand for capsule hotel.
Restraints/Challenges
- Lack Amenities
Capsule hotels are known for their compact design, which limits the space available for each capsule. This can make it challenging to accommodate guests with large luggage or those who are claustrophobic, potentially reducing the market's appeal to a certain segment of travellers.
- Competitive Pricing Pressure
Capsule hotels compete in the budget accommodation segment, where price sensitivity is high. Price wars and aggressive pricing strategies can lead to thin profit margins and financial challenges for operators.
This global capsule hotel market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global capsule hotel market Contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions. Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In December 2019, Nine Hours opened a new capsule in the heart of Osaka city that transports visitors into a futuristic world. Featuring a minimalist design, visitors climb into single pods with special ambient lighting at bedtime. It also includes a special “sanitary lounge” where travelers can kick back and relax after they have bathed and showered.
Global Capsule Hotel Market Scope
The global capsule hotel market is segmented on the basis of traveler type, bed, shape, material, booking mode, age group and application. The growth amongst these segments will help you analyse meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Traveler Type
- Solo
- Group
Bed
- Single
- Double
Shape
- Vertical
- Horizontal
Material
- Wooden
- Metallic
- Others
Booking Mode
- Online Booking
- Offline Booking
Age Group
- Generation X
- Generation Y
- Generation Z
Application
- Tourists
- Office Workers
- Others
Global Capsule Hotel Market Regional Analysis/Insights
The global capsule hotel market is analysed and market size insights and trends are provided by traveler type, bed, shape, material, booking mode, age group and application as referenced above.
The countries covered in the global capsule hotel market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of the Middle East and Africa
Asia-Pacific is expected to dominate the global capsule hotel market due to the expansion of the concept to other regions, attracting international travelers familiar with the capsule hotel experience.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Global Capsule Hotel Market Share Analysis
The global capsule hotel market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global capsule hotel market.
Some of the major players operating in the global capsule hotel market are:
- Nine Hours (Japan)
- First Cabin (Japan)
- The Prime Pod Ginza Tokyo (Japan)
- The Millennials (Japan)
- 9h Hotel (Japan)
- Airportels (Thailand)
- Bed One Block Hostels (Singapore)
- Zostel (India)
- Space Inn (Taiwan)
- Yotel (U.K.)
- Sleepbox (Russia)
- Ari Capsule Hotel (South Korea)
- Pod Inn (China)
- Qbic Hotels (Netherlands)
- Sleep'N Atocha (Spain)
- The Pod Hotels (U.S.)
- Stay Capsule Hotel (Malaysia)
- Time Capsule Hotel (Vietnam)
- Nordic C Hotel (Sweden)
- CityHub (Netherlands)
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