Hopitality industry is witnessing some of the most unusual but promising changes over the past few years in the form of spurt in self-service hotels, bed & breakfast and affordable homestays. The moment is revolutionizing the US$ 570.18 Bn hotel industry and capsule hotels are one of the several another concept ready to change the face of modern-day hospitality industry. Although capsule hotels are not new to the world however, the concept is making a comeback and are flourishing than ever before. The overall capsule hotel market is expected to reach new heights at the end of forecast period growing with a CAGR of 6.31%.

"Side-by-side Capsule Type Hotel Lead by a Considerable Margin Over Separate Capsule Type"

Capsule hotels are divided into two main types namely side-by-side capsule and separate capsule type hotel. At present, side-by-side capsule hotels claim the majority of market share and lead the overall capsule hotel. Side-by-side capsule hotels are the most popular type of hotels in Japan and majority of Southeast Asia as these are the most affordable and flexible accommodation to tourists and corporate guests. The side-by-side capsule hotel expected to remain dominant over separate capsule hotel throughout and beyond the forecast period from 2018 to 2026.

"Up to 50 Capsule and From 50 to 100 Capsule Hotels Faces Each Other in Close Quarters"

By number of capsule, capsule hotels are classified into three categories, up to 50 capsules, from 50 to 100 capsules and more than 100 capsules. In 2017, hotels up to 50 capsules and hotels with capsules from 50 to 100 faces each other in close quarters in order to gain the majority of market share. There are several small capacity capsule hotels are established in Japan and other Southeast Asian country and helping the classification to emerge as the leader among others. Second category hotels trail the first category closely in terms of market value.

"Japan Helped Asia Pacific to Reign Supreme Over Other Region in Terms of Market Value"

With more than 500 capsule hotel in Tokyo alone, Japan and overall Asia Pacific lead the global capsule hotels market with a considerable market. Presence of multiple capsule hotels in Japan, China, Singapore and Taiwan and emerging new ventures in countries such as India and Vietnam are ensuring the dominance of Asia Pacific in the global capsule hotels market. Europe and North America trail Asia Pacific with a considerable margin in terms of market value. However, the aforementioned regions are making a solid comeback and expected to increase their market share in coming years.

Competitive Landscape   

The research study covers some of the leading airport snow & ice management equipment including Shinjuku Kuyakusho-mae Capsule Hotel, Enaka Asakusa Central Hostel, Nihonbashi Muromachi BAY HOTEL, Tokyo Ginza BAY HOTEL, Oak Hostel Fuji, NADESHIKO HOTEL SHIBUYA, Capsule Value Kanda, Nine Hours Shinjuku-north, The Wink Hotel, inBox Capsule Hotel, CityHub Amsterdam, Pengheng Space Capsules Hotel, The Skylodge Adventure Suites, Capsule Hotel Rumor Plaza, and Tubotel. Capsule hotel market holds tremendous potential for new entrants and in region other than Southeast Asia. Companies can introduce this unique, affordable and flexible accommodation to new regions such as Europe and North America. Besides, listing of capsules hotels on third-party travel websites, several other promotional activities are being undertaken by existing players and are thoroughly discussed in the research study.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Capsule Hotels market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Capsule Hotels market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Capsule Hotels market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Capsule Hotels market?
• Which is the largest regional market for Capsule Hotels market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Capsule Hotels market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Capsule Hotels market worldwide?