Electric Mop Market worth over $250 Mn by 2026
Published Date: November 10, 2020 Authors: Preeti Wadhwani, Prasenjit Saha
Electric Mop Market size is set to surpass USD 250 million by 2026, according to a new research report by Global Market Insights, Inc.
The steadily rising urbanization levels have led to an increase in infrastructure development and demand for technologically advanced appliances, which is positively impacting the market growth. The growing tourism levels and infrastructure development in the residential and commercial space has given rise to viable market expansion opportunities to electric mop manufacturers.
Public-sector and private investments in the development of advanced infrastructure and maintaining cleanliness across homes, restaurants, hotels and commercial complexes is fueling the market revenue.
Factors such as presence of various other floor cleaning equipment such as vacuum cleaners, scrubbers, and traditional mops are hindering the electric mop market demand. Large corridors and areas need machines such as manual scrubbers, cleaning robots, and mechanical mops for cleaning. These well-established substitutes which are proven to be effective in cleaning larger spaces may stall the adoption of alternative products such as electric mops which is challenging the market share.
COVID-19 has slowed down the production and sales of electric mops among other products. Several governments including UK, South Korea, and India had restricted trade with other nations which caused supply chain disruptions. The changing behavior of consumers and increasing spending on the essential items, healthcare products has contributed to the reduction in sales for the market.
High demand for steam mops in the market
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The steam electric mops are expected to hold around 38% of the market share by 2026 owing to the benefits offered such as using steam for cleaning floors, eliminating the use of chemicals throughout the cleaning process, eliminating dirt, bacteria and grime from floor surfaces. The growing awareness among the users associated with the cleanliness is also contributing towards market value.
Browse key industry insights spread across 230 pages with 379 market data tables & 24 figures & charts from the report, “Electric Mop Market Size By Product (Steam, Spray), By Connectivity (Wired, Cordless), By Sales Channel (Online, Offline), By Application (Residential, Commercial), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 – 2026” in detail along with the table of contents:
Growing commercial infrastructure development to provide growth avenues
The commercial segment is projected to cross USD 90 million in 2026. Increasing development in the hospitality market across different regions has contributed to the rising demand for electric mop.
Increasing adoption of electric mop due to rising population in Europe
Europe electric mop market is anticipated to witness around 6.5% growth rate till 2026. Factors influencing the industry growth include rise in population, growth in the development of commercial and residential infrastructure, increasing tourism activities and rise in the cleanliness regulations by the European Union.
The key manufacturers operating in the market are adopting new product launch strategies to enhance their product portfolio and increase their holds in untapped markets.
Some of the major players operating in the market include TTK Prestige Limited, Myelicto, O-Cedar, Gladwell, Homitt, Stanley Black & Decker, Inc., SharkNinja Operating LLC, Eureka Forbes., HAAN Corporation, Alfred Kärcher SE & Co. KG, Procter & Gamble, SALAV USA, Light 'N' Easy, Guangdong Kingbest Electric Co., Ltd, Ningbo Sason Electronic Science & Technology Co.,Ltd, Xiaomi , and Comfyer.
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