Electric Mop Market Size

Electric Mop Market Size

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.

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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.

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.