Electric Mop Market by Product And Geography - Global Forecast 2019-2023

Published: Jun 2019 Pages: 113 SKU: IRTNTR31599

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

  • Market size for 2018
  • Market forecast for 2019 to 2023
  • Regional market opportunities
  • Market segment opportunities
  • Growth momentum: Overall market and individual market segments
  • Market condition: 2018
  • Market segmentation based on product: corded electric mop and cordless electric mop
  • Market size, market forecast, and growth momentum
  • Market size and forecast in the APAC, Europe, MEA, North America, and South America
  • Market forecasts for key countries

 

Qualitative Data

  • Porter’s Five Forces analysis
  • Trends, drivers, and challenges
  • Vendor Landscape
  • Market structure
  • Criticality of inputs
  • Factors of differentiation
  • Market landscape disruption
  • Market maturity
  • Disruption threats
  • Factors driving disruptions
  • Competitive landscape
  • Vendor classification
  • Market positioning of vendors
  • Customer landscape
  • Market fragmentation
  • Sources of disruption

 

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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PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

  • 2.1 Preface
  • 2.2 Preface
  • 2.3 Currency conversion rates for US$

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY PRODUCT

  • Market segmentation by product
  • Comparison by product
  • Corded electric mop - Market size and forecast 2018-2023
  • Cordless electric mop - Market size and forecast 2018-2023
  • Market opportunity by product

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • APAC - Market size and forecast 2018-2023
  • South America - Market size and forecast 2018-2023
  • MEA - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

  • Market drivers
  • Market challenges

PART 11: MARKET TRENDS

  • Growing popularity of electric mops with steam cleaning option
  • Increasing end-user preference toward remote-controlled electric mops
  • Rising demand for janitorial services

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption
  • Competitive scenario

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Alfred Kärcher SE & Co. KG
  • BISSELL International Trading Co. BV
  • Stanley Black & Decker Inc.
  • Techtronic Industries Co. Ltd.
  • TTK Prestige Ltd.

PART 14: APPENDIX

  • Research methodology
  • List of abbreviations
  • Definition of market positioning of vendors

PART 15: EXPLORE TECHNAVIO

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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