Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 7.02 Billion | USD 32.61 Billion | 18.6% | 2023 |
According to the report published by Zion Market Research, the global Electric Mop Market size was valued at USD 7.02 Billion in 2023 and is predicted to reach USD 32.61 Billion by the end of 2032. The market is expected to grow with a CAGR of 18.6% during the forecast period. The report analyzes the global Electric Mop Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the rising opportunities in the Electric Mop industry.
Global Electric Mop Market: Overview
A floor mopping and sweeping machine that runs on electricity is known as an electric mop. It's a replacement for the standard mopping and sweeping method. A cleaning pad, handle, cleaning solution tank, and power cord are all included with an electric mop. For cleaning and scrubbing floors, electric mops offer both scrub and soft cleaning pads. These mops come with a variety of characteristics that vary from one manufacturer to another. The price of the equipment is also determined by its characteristics.
Global Electric Mop Market: Growth Factors
The global electric mop market is growing at a faster pace. A major factor booming the growth of the market is the high demand for electric mops in both the commercial and residential sectors. Electric mops are commonly used for sweeping and cleaning sealed linoleum, hardwood, and vinyl floors. These gadgets include a swivel steering handle that makes it simple to sweep and clean floors while avoiding obstructions. Electric mops are a good substitute for the conventional bucket, mop, broom, and water method of sweeping and mopping. They often save time and make the cleaning procedure go faster. In comparison to the old approach, it is also an excellent way of reducing the amount of water used. The acceptance of electric devices in the process of cleaning is expanding with increasing disposable income and easy use of electric mops. Also, there is a rise in the number of customers seeking convenient cleaning options owing to their busy lifestyles. All such factors are combined fueling the growth of the market.
Moreover, the increase in online sales of electric mops with expanding e-commerce platforms is also one of the factors spurring the market growth. However, the expensive cost of the product and the widespread accessibility of other floor cleaning equipment seem to be major constraints for the growth of the global electric mop market. On the other hand, a greater emphasis on creating technologically advanced solutions such as robotic mop systems will provide several opportunities for the growth of the global electric mop market during the forecast period.
The COVID-19 pandemic hit the market at the start of the year 2020, which created a detrimental influence on the electric mop industry. Governments in many nations have enforced a temporary lockdown, causing industrial facilities to shut down. Consumer expenditure on discretionary products has decreased as a result of the economic slowdown caused by the pandemic. However, the pandemic also triggered the sale of equipment required to maintain hygiene, which resulted in increasing interest in electronic mops for households, hospitals, and commercial places in developed countries.
Global Electric Mop Market: Segmentation
The global electric mop market is divided based on connectivity, product, application, sales channel, and region.
Based on connectivity, the global electric mop market is split into cordless and wired. Spray mop and steam mop are the types of products available in the market. The electric mop has commercial and residential applications. The sales channel segment is bifurcated into offline and online.
Report Attributes | Report Details |
---|---|
Report Name | Electric Mop Market |
Market Size in 2023 | USD 7.02 Billion |
Market Forecast in 2032 | USD 32.61 Billion |
Growth Rate | CAGR of 18.6% |
Number of Pages | 211 |
Key Companies Covered | Eureka Forbes, Stanley Black & Decker, Inc., Xiaomi, Procter & Gamble, TTK Prestige Limited, Homitt, HAAN Corporation, Gladwell, SharkNinja Operating LLC, and Myelicto, among others |
Segments Covered | By Connectivity, By Product, By Application, By Sales Channel, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
Global Electric Mop Market: Regional Analysis
North America is likely to lead the global electric mop market owing to the high demand for commercial cleaning services in the region. The demand is centered in major states of the United States. Also, a stronghold on the market by major established industry leaders supporting the market growth in the nation. Canada is also expected to contribute notable revenue in the North American market during the forecast period.
The market in Europe is growing at a steady rate. People in the region are well aware of hygiene and spend lots of money on cleaning products. Asian countries are emerging at a rapid rate causing a surge in disposable income also the middle-class population in the region is now more aware of cleaning and hygiene, this factor is likely to showcase lucrative growth of the market in coming years.
Global Electric Mop Market: Competitive Players
To fulfill customer demand and application areas, manufacturers in the electric mop market are emphasizing providing easy-to-use and lightweight electric mops. The global electric mop market is dominated by key competitors which include;
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What Reports Provide
FrequentlyAsked Questions
A floor mopping and sweeping machine that runs on electricity is known as an electric mop. It's a replacement for the standard mopping and sweeping method.
According to a study, the global electric mop market size was worth around USD 7.02 billion in 2023 and is expected to reach USD 32.61 billion by 2032.
The global electric mop market is expected to grow at a CAGR of 18.6% during the forecast period.
The global electric mop market is growing at a faster pace. The major factor booming the growth of the market is the high demand for electric mops in both the commercial and residential sectors. Furthermore, a greater emphasis on creating technologically advanced solutions such as robotic mop systems will provide several opportunities for the growth of the global electric mop market during the forecast period.
North America is likely to lead the global electric mop market owing to the high demand for commercial cleaning services in the region. The demand is centered in major states of the United States. Also, a stronghold on the market by major established industry leaders supporting the market growth in the nation. Canada is also expected to contribute notable revenue in the North American market during the forecast period.
The global electric mop market is dominated by key competitors which include Eureka Forbes, Stanley Black & Decker, Inc., Xiaomi, Procter & Gamble, TTK Prestige Limited, Homitt, HAAN Corporation, Gladwell, SharkNinja Operating LLC, and Myelicto, among others.
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