Spin Mops Market Overview
Spin mops market is estimated to reach USD 720.7 million by 2027, with a CAGR rate of 6.5% during 2020–2027. The increased development of the nuclear families or individuals styling alone has prompted the development of self-cleaning practices in several homes, thus bolstering the spin mop market. Reports created by MRFR detail the developments in the industry that can be expected in the market through the forecast period.
The development of the home cleaning trends that revolves around easy-to-use devices is estimated to motivate the spin mop market share. The development of the organized retail sector is estimated to further motivate the spin mop market in the future.
Segmental Analysis
The segmental evaluation of the spin mop market is carried out on the basis of product type, end-use, distribution channel, and region. The end-user segment of the spin mop market consists of commercial and residential. The distribution channel segment of the spin mop market consists of store-based which is further segmented into a convenience store, supermarkets & hypermarkets, and non-store based. The product type segment of the spin mop market consists of semi-automatic and automatic. The regions included in the spin mop market are Europe, North America, Asia Pacific, and other pivotal regions.
Detailed Regional Analysis
The regional assessment of the spin mop market includes regions such as Europe, North America, Asia Pacific, and other pivotal regions. The North American region reported for a considerable portion of the worldwide market in 2019, owing to the incidence of main spin mop producers in the US. In the region of North America, the US governed the spin mops market, shadowed by the national markets in Canada and Mexico. The mounting concept of DIY in-home cleaning has additionally led to the development of the spin mop market in the region. The Asia Pacific spin mop market is predicted to continue as the fastest rising market in the forecast period. The incidence of key producers combined with the arrival of startups is one of the important reasons behind the regional spin mop market growth. Growing disposable income, urbanization, and the intensifying number of millennial residents are anticipated to flourish the spin mop market in the forecast period.
Competitive Analysis
The tendency to invest and expand capacities is estimated to create a promising scope for the market in the impending years. The market is appraised to be stimulated by an increased development upsurge that is bracing the contenders who are active in the market. The competition in the market is estimated to flare-up following the disruption created by the COVID-19 pandemic. The emphasis on ensuring sustainability in long-term operations is estimated to be a key cause for development in the upcoming period. The trends in the market are estimated to bolster the progress in the worldwide market. The change in several regulations that are running the development of the market is estimated to impact the innovations that can be seen in the global market. The increased contribution of online channels towards the swell in transactions is predicted to further encourage the advancement of the market in the future. The government intervention in the creation of opportunities that can incentivize the development of key regions in the market is predicted to further add an optimistic touch to the proceedings in the market.
The leading key spin mops market players 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 Updates:
Mar 2021 Vileda, a German cleaning products firm has presented the newest gadgets in the past has recently unveiled the Vileda Bath Magic Bathroom and Tub Mop. The Bath Magic Bathroom and Tub Mop is a multi-purpose housework tool that makes it easy to clean tubs, sinks, and tiled surfaces without any stooping or struggling to tidy hard-to-reach exteriors. The Bath Magic mop has a 360-degree swivel and telescopic handle to clean your complete bathroom, including tight spaces or tiled shower walls.
Jul 2020 Elicto Everybot RS500 Robotic Spin Mop & Polisher has been introduced with a formidable 5,700RPM built-in motor and a revolving dual-spin mop. It's tiny so it won't get in the method of your everyday living habits and can go to all those overlooked areas of your home like under the bed or couch. In addition to being versatile enough to not only tidy the dirt and dust off the floors, but also your windows, tables, and more. It contains seven styles to enhance the cleaning for diverse floor conditions including intensive, auto, manual, S curve, corner, and Y curve.
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