Industry Insights
The global electric mop market size will grow by USD 198.58 million during 2019-2023 at a CAGR close to 7%. The convenience offered by electric mops and the growing popularity of electric mops with a steam cleaning option are a few of the factors expected to drive the market growth in the coming years. The report provides a detailed analysis of the market by product (corded electric mop and cordless electric mop) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the competitive landscape and offers information on several companies, including Alfred Kärcher SE & Co. KG, BISSELL International Trading Co. BV, Stanley Black & Decker Inc., Techtronic Industries Co. Ltd., and TTK Prestige Ltd.
Electric mops are available in both corded and cordless variants. This cleaning equipment is gaining popularity among janitorial service providers that provide cleaning services to the residential and commercial sectors.
Key Insights from Electric Mop Market - Global Forecast 2019-2023
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The convenience offered by electric mops is one of the primary factors contributing to the growth of the global electric mop market. End-users, such as the commercial and residential sectors and third-party cleaning service providers are seeking convenient housekeeping mechanisms. This demand has provided immense growth opportunities to the vendors of the global electric mop market.
Electric mops can be used to clean many types of floor surfaces, including linoleum and vinyl. The use of electric mops eliminates wastage of water as required in the conventional method of cleaning. Electric mops possess swivel steering handles for easy cleaning and maneuvering. They are also available in a cordless assembly, making operations easy. These benefits will increase the demand for electric mops during the forecast period.
The growing popularity of electric mops with steam cleaning option is one of the key trends contributing to the growth of the global electric mop market. The demand for convenient features in regular electric mops is increasing. Therefore, vendors have started integrating convenient features such as steam cleaning into electric mops to increase their customer base. Electric mops with steam cleaning option are very effective in removing stubborn dirt without the use of liquid cleaning solutions.
Vendors are also offering electric mops that can be controlled remotely. This reduces manual efforts of end-users. The increasing availability of technologically advanced electric mops will increase their sales over the forecast period. As a result, the market will register a CAGR of almost 7% during 2019-2023.
Industry Analysis
Quantitative Data
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Qualitative Data
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Product Insights
The product segment has been broadly categorized into corded electric mops and cordless electric mops. The corded electric mop segment accounted for the highest electric mop market share in 2018. During the forecast period, this segment is expected to grow at a slower rate compared with the overall market. The cordless electric mop segment will register a faster growth rate compared with the overall market during the forecast period.
Regional Insights
North America accounted for the highest market share in 2018. The growth rate of the market in the region will be slower than the overall market over the forecast period. However, the region will account for the largest market share in the electric mop market throughout the forecast period. The US and Canada are the significant revenue contributors to the electric mop market in North America.
North America is home to leading cleaning industry tradeshows. These shows provide opportunities to the vendors of electric mops to showcase their innovative products and enable them to grab the attention of prospective end-users. The growing demand for commercial cleaning services, especially in the US and Canada, is also increasing the demand for floor-cleaning equipment such as electric mops. Electric mops made of microfibers are gaining significant popularity in the healthcare and janitor services industries owing to their minimal time required for cleaning.
Top Electric Mop Providers
The market is fragmented. This electric mop market analysis provides information on the competitive landscape and the products offered by various companies. To enable service providers in creating strategies to make the most of future growth opportunities, the report also provides information on the upcoming electric mop market trends and challenges that will influence the market growth.
The report offers a detailed analysis of several companies, including:
- Alfred Kärcher SE & Co. KG
- BISSELL International Trading Co. BV
- Stanley Black & Decker Inc.
- Techtronic Industries Co. Ltd.
- TTK Prestige Ltd.
Segments covered in the report
Electric mop market by product
- Corded electric mop
- Cordless electric mop
Electric mop market by region
- APAC
- Europe
- MEA
- North America
- South America
Key Highlights of the Electric Mop Market Forecast Report for the Period 2019-2023
- CAGR of the market during the forecast period 2019-2023
- Detailed information on factors that will accelerate the growth of the electric mop market size during the next five years
- Precise estimation of the global electric mop market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the electric mop industry across APAC, Europe, MEA, North America, and South America
- A thorough analysis of the market’s competitive landscape and detailed information on several vendors
- Comprehensive details of factors that will challenge the growth of electric mop providers
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