Report Format: PDF
Published Date: Nov-2018 | 100 Pages | Report ID: ARS0037
[100 Pages] In 2017, the Global Capsule Bed Market Size was valued at US$ XX. XX billion will exhibit USD XX. XX Billion up to 2025 in coming years. The average growth of global market is excepted to XX.XX% CAGR from 2017-2025.
Capsule Bed Market Definition
Capsule beds are beds taken into account by capsule hotels or mobile hotels to accommodate guests or travelers. The beds are designed specifically to get fitted appropriately in small as well as medium sized capsule hotel rooms. Flexible and foldable capsule beds are of great use for people who run bagpacker travel businesses.
Capsule Bed Market Demand Analysis By Region (2017-2025)
Capsule Bed Market Dynamics
Capsule bed market is expected to grow rapidly over the forecast period, due to rising number of capsule hotels across the world. Lower cost charged by capsule hotels and comfortable accommodation offered by them are expected to boost the capsule bed market over the forecast period. Other reasons for the growth of capsule bed market are low prices of these beds, coupled with availability of light-weight mobile capsule beds. For instance, the cost of capsule bed for a night rages around US$ 28 to US$ 35. Increased demand of affordable accommodation options by business travelers for night stay is projected to fuel the growth of flexible capsule bed market. However, small size of some capsule beds and introduction of eco-friendly accommodation alternatives such as tree house and others can restrain the growth of capsule bed market.
Capsule Bed Segment Analysis
On the basis of shape, both horizontal as well as vertical capsule beds are expected to perform well over the forecast period, due to rise in demand of both the bed types. Manufacturers are focusing on the development of fashionable, smart and less space consuming capsule beds in order to perform well in the market.
Among materials, metallic capsule beds are expected to rise significantly over the forecast period owing to higher flexibility and light-weight nature of metallic beds made up of steel or aluminium. Low cost of metals as compared to specific woods such as sesame wood is expected to help in the growth of metallic segment during the upcoming years.
Regional Analysis of Capsule Bed Market
Among regions, Asia Pacific is anticipated to hold the dominance over the forecast period due to rising demand of capsule beds, due to rise in number of capsule hotels in countries like China, Japan and Australia. Rising tourism sector in Asian countries and increase in number of tourist visiting Asia can boost the growth of capsule bed market in the region. Furthermore, presence of prominent capsule bed manufacturers such as Capsule Bed Hong Kong and Kotobuki Seating Co. aid the development of capsule bed market in Asia Pacific.
Europe followed by North America is expected to perform nicely in capsule bed market during the forthcoming years due to rising interest of tourists to visit in European countries such as Germany and France. Rising number of travelers in North America, who expect to explore new, exciting and budget-friendly accommodation while traveling is projected to aid the growth of capsule hotels in the region, which will further generate the demand of caspsule bed market in North America.
Key players operating in Capsule Bed market
Major companies operating in global capsule bed market include Capsule Bed Hong Kong, Senza Fine Bed, Podtime, Kotobuki Seating Co., Dongguan OE Home Co. Ltd, and Heshan Everbright Bedding Manufactory Ltd.
Scope of the Report
This report categorizes the global capsule bed market based on type, form, application, end-user, product and region.
On the basis of Product and Shape, the Capsule Bed Market has been segmented as follows:
• Horizontal
• Vertical
• Others
On the basis of Material, the Capsule Bed Market has been segmented as follows:
• Wooden
• Metallic
• Others
On the basis of Region, the Capsule Bed Market has been segmented as follows:
• APAC
• North America
• Europe
• South America
• Middle East & Africa
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