The electric mop market has demonstrated exponential growth, with its size increasing from $6.27 billion in 2023 to $7.6 billion in 2024, reflecting a compound annual growth rate (CAGR) of 21.1%. This growth is driven by factors such as urban population growth, increased hygiene awareness, preference for eco-friendly solutions, expanded online shopping opportunities, and growth in the hotel and resort sectors. The market is projected to continue expanding rapidly, reaching $16.43 billion by 2028, with a CAGR of 21.3%. Future growth is driven by trends including a shift toward automated and robotic cleaning solutions, frequent home upgrades, growing adoption of smart home systems, residential construction expansion, and a rising middle-class demographic. Major trends include advancements in battery technology, automation, smart features, cordless designs, and customizable cleaning modes.
Major Driver In The Electric Mop Market
The growing adoption of smart home technologies is projected to drive the electric mop market forward. Smart home technologies, which offer automation and remote control of home appliances, are gaining traction due to their convenience and energy efficiency. Electric mops align with these trends by providing automated cleaning solutions and advanced features. A survey by Safewise found that 77% of Americans use smart home technology daily, with nearly half spending more on home tech in 2021 than in previous years. This increasing adoption will support the growth of the electric mop market.
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Electric Mop Market Competitive Landscape
Xiaomi Corporation, Samsung Group, L.G. Electronics, Haier lnc., Stanley Black & Decker Inc., Electrolux AB, Miele & Cie. KG, Alfred Kärcher SE & Co. KG, Ecovacs Robotics Co Ltd, iRobot Corporation, Tennant Company, BISSELL, Eureka Forbes, TTK Prestige Ltd, Tornado Industries, HAAN Corporation, bObsweep, Proscenic, Mamibot Manufacturing USA Inc., AlfaBot, Vork Health Industry Co. Ltd.
Key Electric Mop Market Trend
The electric mop market is seeing advancements with smart sensor technology to enhance functionality and user experience. This technology continuously monitors floor conditions and adjusts cleaning parameters accordingly. In September 2023, Tineco, a China-based company, released the Floor One S6, a wet-dry vacuum cleaner incorporating hyperStretch technologies. This device offers easy cleaning under furniture and tight spaces, maintaining strong suction and protecting the motor even when flat, revolutionizing home cleaning.
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Electric Mop Market Segmentation
The electric mop market covered in this report is segmented –
1) By Mop Type: Flat Type, Spiral Type, Other Mop Types
2) By Product Type: Steam Mop, Spray Mop
3) By Connectivity: Wired, Cordless
4) By Sales Channel: Super markets, Specialty's Store, E-Commerce
5) By Application: Residential, Commercial
By Geography:The regions covered in the electric mop market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
North America was the largest region in the electric mop market in 2023, and is expected to be the fastest-growing region in the forecast period.
The Electric Mop Global Market Report 2024 furnishes information about the global electric mop market, encompassing details like market size, projections for growth, segmentation across various sectors and regions, and an overview of competitors, including their revenues, profiles, and market shares. Furthermore, the report pinpoints potential opportunities and strategic directions derived from market trends and the strategies adopted by key competitors. The report also offers an assessment of how the COVID-19 pandemic, the Russia-Ukraine conflict, and increasing inflation have affected both global and regional markets, furnishing valuable strategic insights for businesses.
