Market Overview
Spin Mops Market Size is anticipated to reach USD 720.7 Million by 2027, registering a CAGR of 6.5% during 2020-2027.
The worldwide spin mops market has risen at a dizzying pace in recent months. Most consumers' living standards are fast rising, particularly in emerging nations. The accompanying need for acceptable and well-organized items is growing, with household cleaning tools being the main component pushing up demand. To address the increased demand for the ease of mopping floors, companies are continually developing. The increased demand for advanced and automated domestic cleaning equipment is among the reasons expected to drive the development of the Global Spin Mops Market insight in the approaching years.
Market Segmentation
By Product Type
Automatic
Semi-Automatic: In 2020, the semi-automatic segment led the worldwide spin mops market, which is projected to continue during the forecast period. Its prominence was due to its lower cost when compared to automatic spin mops. Furthermore, the convenience of semi-automatic spin mops with draining water relative to fully automatic spin mops has led to semi-automatic spin mops dominating the market.
By End-Use
Residential: In 2020, the residential sector led the spin mops market, and then this trend is expected to continue over the forecast period. The increased popularity of "Do It Yourself" and the demand for simplicity in house cleaning equipment has resulted in a slew of user-friendly spin mops for home use. During the evaluation period, the segment is expected to stay dominating.
Commercial
By Distribution Channel
Store-Based: Convenience stores, supermarkets, and hypermarkets, as well as other stores, make up the store-based component. Supermarkets and hypermarkets dominate store-based distribution channels. In the coming years, though, it is expected that sales of spin mops will expand through online outlets.
Non-Store-Based
Regional Classification
The rising popularity of do-it-yourself in-home cleaning has spurred industry growth. North America accounted for a major share of worldwide demand in 2019, thanks to a few of the leading spin mop producers in the country. North America's spin mops market research was dominated by the United States, headed by Canada and Mexico.
Asia-Pacific is predicted to remain the quickest developing area during the analysis period. Increasing urbanization, a growing millennial population, and rising disposable income are just a few key factors predicted to move the market forward over the projection period. The engagement of some of the big manufacturers and the advent of startups are among the primary causes for the regional market's development.
Key Players
The prolific companies in the spin mops market are 3M (US), Freudenberg Group (Germany), C. Johnson Son, Inc. (US), Mopnado (US), Bed Bath Beyond Inc. (US), BISSELL (US), Addis Ltd. (UK), Procter Gamble (US), Mapa Spontex UK Ltd. (UK) and TTK Prestige Limited (India).
Industry News
Furthermore, global demand for cleaning mops has surged due to significant expansion in the commercial and industrial sectors. Expanded disposable income, enhanced housing units because of fast urbanization, development of the organized retail sector, and a strong millennial population is all likely to contribute to consumer growth in the forthcoming years. Advances in IoT technology, which refers to transferring data to a location, and also remote sensing technology, will create substantial possibilities in the coming years.
Furthermore, the market's rise is being fueled by the increasing scarcity of domestic assistants. Other reasons, such as rising disposable income, the rise of the consolidated retail sector, as well as the advent of e-commerce platforms, have all aided the market's recent growth. Several technologically advanced cleaning mops featuring ergonomic designs, on the other hand, are expensive by default and thus less economical.
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