Electric Mop Market Analysis

Electric Mop Market Analysis

 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.