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Electric Mop Market size exceeded USD 170 million in 2019 and is estimated to grow at a CAGR of more than 6% between 2020 and 2026. The global industry shipments are expected to reach over 2 million units by 2026. Various advantages offered by electric mops, such as reduction in manual efforts and enhanced cleaning capabilities have been the key contributors to the market growth.
One of the major factors driving the market revenue is the rising consumer disposable income levels and adoption of user-friendly cleaning equipment. Consumers in North America and Western Europe have been early adopters of advanced equipment; the high labor costs and benefits of using electric mops over their traditional alternatives will continue boosting demand in these regions.
Growing population and rising urbanization worldwide has driven the consumption of home appliances. The integration of various advanced systems such as steam bioreactor, cordless technology and reusable pads in the electric mop has led to an upswing in the overall product sales.
Report Attribute | Details |
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Base Year: | 2019 |
Electric Mop Market Size in 2019: | 170 Million (USD) |
Forecast Period: | 2020 to 2026 |
Forecast Period 2020 to 2026 CAGR: | 6% |
2026 Value Projection: | 250 Million (USD) |
Historical Data for: | 2016 to 2019 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 403 |
Segments covered: | Product, Connectivity, Sales Channel, Application |
Growth Drivers: |
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Pitfalls & Challenges: |
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The high cost as compared to that of mechanical options is one of the major industry challenges restricting the electric mop market expansion owing to the presence of integrated components such as motors, steam converters, pads, detergent, and chemicals. However, companies in the market such as Karcher, Bissell, Stanley Black & Decker, Inc. are focusing on developing new and low-cost electric mops for increasing sales across the globe.
The COVID-19 pandemic has negatively impacted the electric mops market size in 2020. The governments across various countries had imposed temporary lockdown which caused shutdown in the production facilities. The economic downturn on account of the pandemic has led to reduced consumer spending on discretionary items.
The spray mop segment accounted for USD 110 million in 2019, led by the ease of use, and the fact that it requires low maintenance cost as compared to steam electric mops. There is a wide range of spray electric mops available in the market which are integrated with batteries for increasing the working time and cleaning capabilities.
Various advantages of spray mops include their ease of operation, affordability, presence of large water tank, easy mobility, and light weight. The growing popularity of these mops in the Asian regions is also contributing towards the market demand.
The cordless segment in the electric mop market is predicted to witness around 8% growth rate till 2026, impelled by rising mobility and ease of use. Cordless electric mops are easy to use as these can be carried anywhere. The mobility enables more thorough and effective cleaning as compared to wired mops that can be cumbersome. Companies have been focusing product development efforts on cordless electric mops in response to the rising demand from consumers which is augmenting the market expansion.
The ease of shopping and availability of different offers on several e-commerce websites is forecast to contribute towards the industry growth.
The online sale channel segment will observe substantial growth during 2020 to 2026 owing to the rising demand for e-commerce sector. Manufacturers have recognized the changing buying pattern and consumer preferences and expanded their online presence and distribution over the past few years.
The residential application valued at USD 120 million in 2019. The growing development of smart cities and homes across the globe has positively influenced the market demands for these mops for reducing the manual efforts and the overall labor cost.
The growing levels of home automation in developed economies will remain the major consumption driver for the market in the coming years.
North America electric mop market size was more than USD 60 million in 2019 and is projected to grow at a CAGR of around 6% through 2026 on account of the high disposable income levels in the U.S. and Canada.
The presence of various established market leaders such as Gladwell, Bissell Inc, SharkNinja, and Stanley Black & Decker, Inc. in North America is further propelling the market revenue. The companies are focusing on enhancing the capabilities of the existing products and invest in the development of new and advanced products for strengthening their market position.
The major participants in the electric mop market are aiming towards the expansion of their presence by introducing new equipment. Since there is considerable untapped growth potential in this space, industry leaders are poised to invest in R&D for targeted product development.
Key market players operating in the industry include
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