August 04, 2021
According to the research report titled ‘Global Electric Mop market By Product (Steam, Spray), By Connectivity (Wired, Cordless), By Sales Channel (Online, Offline), By Application (Residential, Commercial), and Regional Forecasts 2021-2027’, available with Market Study Report, global electric mop market is projected to register significant expansion between 2021-2027.
Surging population, coupled with rising consumption of home appliances are key factors driving global electric mop market expansion. Moreover, benefits of using electric mops such as decreased manual effort and improved cleaning capability will facilitate industry growth.
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For the unversed, electric mops are primarily used for cleaning purposes and are either battery operated, or work on electricity.
While integration of modern systems such as cordless technology, reusable pads and steam bioreactor will aid market proliferation, the availability of alternatives such as mechanical mops at low cost will act as a challenge.
Based on product gamut, worldwide electric mop industry is divided into spray mop, and steam mop. Speaking of connectivity, the market sphere is bifurcated into cordless, and wired. Offline and online are different sales channels. Moving on to application scope, the industry is fragmented into commercial, and residential.
Apart from enlisting these segments, the report provides information about the size, share, revenue contribution, and growth rate for each sub-market over the forecast timeframe. This will enable the investors in making informed decisions.
From the regional frame of reference, North America, Asia Pacific, Europe, and Latin America are thoroughly studied to identify lucrative avenues. As per scrutiny, North America electric mop market was evaluated at USD 60 million in 2019 and is slated to grow further through 2027, owing to presence of leading companies such as SharkNinja Operating LLC and Gladwell in the region.
Key players shaping industry trends are Eureka Forbes Limited, SharkNinja Operating LLC, Stanley Black & Decker Inc., HAAN Corporation, The Procter & Gamble Company, Gladwell Clean, Xiaomi Corporation, TTK Prestige Limited, Homitt (Holife), and MyElicto. These behemoths are constant innovating and adopting strategies like acquisition, partnership, and collaboration in order to gain edge over other players and bolster their revenues.